In a ruling that will depress many struggling householders, the Court of Appeal in Évora has decided that the handing over of a property to the bank does not abolish the mortgage when the sale of the property is less than the amount owed to the bank, and ordered the seizure of the former householder's wages.
Millennium BCP bank lost the last round when the court in Portimão decided not to seize wages from a debtor's salary having received and later sold the householder’s property, but has won its case on appeal in the Court in Évora.
Central Algarve 1, 2 & 3bedroom Luxury Townhouses and Apartments from €125,000 (60% off). This is a unique opportunity to buy a fantastic, 2 bedroom townhouse in Albufeira, Portugal. These townhouses are set amongst 20,000 sq. metres (roughly 5 acres) of lush green gardens with a large swimming pool for adults, and a childrens' pool.
This week's picturesque selection from Nubricks focuses on the most stunning properties in Portugal. Featuring a lovely property in a peaceful setting in Lagos, a recently renovated villa with gorgeous views, balconies with excellent exposure, and a pool to cool off in after a hard day's relaxing in the sun.
UK House Prices vs Supply, Immigration, Population Growth and Demographics Crisis... see the forecast to 2019.
The Association of Professionals and Real Estate Companies of Portugal (APEMIP) has estimated that about 2,500 properties were handed back to banks to settle owners’ debts last year, a decrease of 54.5% compared to 2012.
The outlook for the UK residential property market in 2014 is looking rosy with experts across the spectrum predicting further growth in the new year. But the key issue is that the growth that has been spectacular in London is set to spread out across the country and there are already signs of this happening.
France has MP's for French expats in their parliament, and we believe that the British parliament should also have MP's acting on behalf of British expats interests.
At a time when Britain is worrying about an influx of workers from poor European Union countries, Portugal is enthusiastically encouraging rich entrepreneurs from outside the EU.










