Expat Exodus Continues.
#1
Expat Exodus Continues.
http://www.thelocal.es/20140117/spai...s-200000-fewer
Not only Brits pulling the plug, but Germans, French, Romanians and C.Americans also.
Not only Brits pulling the plug, but Germans, French, Romanians and C.Americans also.
Last edited by Dick Dasterdly; Jan 18th 2014 at 12:21 am. Reason: add on
#2
BE Enthusiast
Joined: Apr 2007
Posts: 985
Re: Expat Exodus Continues.
It's certainly a shame. There are two basic types of foreigner - those who come here to work, usually from the 'third world', and those who come here with money, to live well.
The first sort send their money home to Mum and take over Spain's scut jobs. The second type bring in money, lots of it.
Lots and lots and lots of it.
So, why would the Spanish be prepared to lose that massive injection of benign money? By labeling foreign-owned homes as 'ilegal', by creating the World Asset tax declaration and by disallowing short-term house rentals? Andalucía could so easily have been as wealthy as Southern Florida, instead of which, it has the highest unemployment in Europe.
Spain as an expensive modern country - at least the southern half - just doesn't cut the mustard. High-speed trains are all very well, even when heavily subsidised by the tax-payer; but we really don't need them, now do we?
The first sort send their money home to Mum and take over Spain's scut jobs. The second type bring in money, lots of it.
Lots and lots and lots of it.
So, why would the Spanish be prepared to lose that massive injection of benign money? By labeling foreign-owned homes as 'ilegal', by creating the World Asset tax declaration and by disallowing short-term house rentals? Andalucía could so easily have been as wealthy as Southern Florida, instead of which, it has the highest unemployment in Europe.
Spain as an expensive modern country - at least the southern half - just doesn't cut the mustard. High-speed trains are all very well, even when heavily subsidised by the tax-payer; but we really don't need them, now do we?
#3
BE Forum Addict
Joined: Apr 2013
Location: Hampshire coast
Posts: 1,584
Re: Expat Exodus Continues.
Not just people that leave for good.
I know quite a few who seem to be spending less time (and less money) in Spain. Very few talk openly about the reason, but I reckon it must have something to do with 'the form'.
Many people had a relaxed attitude about the number of days rule, but now they are making sure they conform.
In any case it's not particularly good for the spanish economy.
I know quite a few who seem to be spending less time (and less money) in Spain. Very few talk openly about the reason, but I reckon it must have something to do with 'the form'.
Many people had a relaxed attitude about the number of days rule, but now they are making sure they conform.
In any case it's not particularly good for the spanish economy.
#4
Re: Expat Exodus Continues.
Not just people that leave for good.
I know quite a few who seem to be spending less time (and less money) in Spain. Very few talk openly about the reason, but I reckon it must have something to do with 'the form'.
Many people had a relaxed attitude about the number of days rule, but now they are making sure they conform.
In any case it's not particularly good for the spanish economy.
I know quite a few who seem to be spending less time (and less money) in Spain. Very few talk openly about the reason, but I reckon it must have something to do with 'the form'.
Many people had a relaxed attitude about the number of days rule, but now they are making sure they conform.
In any case it's not particularly good for the spanish economy.
#5
Re: Expat Exodus Continues.
Russians seen as a threat to expat businesses
http://thisisspain.info/costa-blanca...ieja/russians/
http://thisisspain.info/costa-blanca...ieja/russians/
The influx of Russian speakers has led to speculation that their high-spending presence will boost the Costa economies. Not so fast, urges Michael Walsh whose business interests are embedded in European Russia and Kazakhstan. He believes the local infrastructure and property related economy will surge. However, he cautions that Russian speaking entrepreneurs will exploit Costa complacency. Rather than become clients, incoming Russian speakers are more likely to become rivals to British and Spanish owned businesses
#6
Re: Expat Exodus Continues.
It's certainly a shame. There are two basic types of foreigner - those who come here to work, usually from the 'third world', and those who come here with money, to live well.
The first sort send their money home to Mum and take over Spain's scut jobs. The second type bring in money, lots of it.
Lots and lots and lots of it.
So, why would the Spanish be prepared to lose that massive injection of benign money? By labeling foreign-owned homes as 'ilegal', by creating the World Asset tax declaration and by disallowing short-term house rentals? Andalucía could so easily have been as wealthy as Southern Florida, instead of which, it has the highest unemployment in Europe.
Spain as an expensive modern country - at least the southern half - just doesn't cut the mustard. High-speed trains are all very well, even when heavily subsidised by the tax-payer; but we really don't need them, now do we?
The first sort send their money home to Mum and take over Spain's scut jobs. The second type bring in money, lots of it.
Lots and lots and lots of it.
So, why would the Spanish be prepared to lose that massive injection of benign money? By labeling foreign-owned homes as 'ilegal', by creating the World Asset tax declaration and by disallowing short-term house rentals? Andalucía could so easily have been as wealthy as Southern Florida, instead of which, it has the highest unemployment in Europe.
Spain as an expensive modern country - at least the southern half - just doesn't cut the mustard. High-speed trains are all very well, even when heavily subsidised by the tax-payer; but we really don't need them, now do we?
I wonder how many starving mouths could have been fed with the 80 billion or so wasted on a train system that leaves the country with a less comprehensive service than it had before and some towns and peeps with no service at all.
Then the introduction and enforcement of legislation which instead of having the desired effect of raising funds has instead lead to so many expats simply put themselves beyond the reach of the Spanish authorities.
Yet another case of the Spanish govt throwing the baby out with the bathwater.
Stupidity beyond belief !
#7
Banned
Joined: Oct 2012
Posts: 26,724
Re: Expat Exodus Continues.
It amazes me that so few realise that those countries that have had to go cap in hand to the Eu/IMF/ECB have little real control over their finances.
Their tax regimes are virtually dictated by these agencies with little thought if any to the damage they may or may not be doing to the local economies or the longer term financial health.
You can blame Spain for it financial mismangement pre crisis but todays tax changes are signed off if not derived from Frankfurt and Brussels.
Their tax regimes are virtually dictated by these agencies with little thought if any to the damage they may or may not be doing to the local economies or the longer term financial health.
You can blame Spain for it financial mismangement pre crisis but todays tax changes are signed off if not derived from Frankfurt and Brussels.
#8
Lost in BE Cyberspace
Joined: Feb 2008
Posts: 5,625
Re: Expat Exodus Continues.
It amazes me that so few realise that those countries that have had to go cap in hand to the Eu/IMF/ECB have little real control over their finances.
Their tax regimes are virtually dictated by these agencies with little thought if any to the damage they may or may not be doing to the local economies or the longer term financial health.
You can blame Spain for it financial mismangement pre crisis but todays tax changes are signed off if not derived from Frankfurt and Brussels.
Their tax regimes are virtually dictated by these agencies with little thought if any to the damage they may or may not be doing to the local economies or the longer term financial health.
You can blame Spain for it financial mismangement pre crisis but todays tax changes are signed off if not derived from Frankfurt and Brussels.
#9
Banned
Joined: Oct 2012
Posts: 26,724
Re: Expat Exodus Continues.
The Germans would agree with you as they have had to underwrite most of the debt.
Fortunately the UK has had very little exposure not being in the Euro apart from a direct loan it gave to Eire in the early days of the crisis.
Fortunately the UK has had very little exposure not being in the Euro apart from a direct loan it gave to Eire in the early days of the crisis.
#10
Lost in BE Cyberspace
Joined: Jan 2009
Posts: 5,368
Re: Expat Exodus Continues.
Only Spain isn't paying back yet, it's still a net recipient. Spain has been the largest recipient of funds since it joined and up until fairly recently, it's had billions thrown at it, and yet it still finds itself in the mess it is. You can blame the EU all you like (and I frequently do) but in this case Spain need look no further than it's own bunch of crooks that are running the show.
#11
Lost in BE Cyberspace
Joined: Feb 2008
Posts: 5,625
Re: Expat Exodus Continues.
Whilst I understand and agree with your comments above. However surely again that is why the EU must change to stop the corruption and waste. Problem of course for some including UK we are outside the main club. There must be change or I think if Cameron does as he says and has a referendum without changes to current set up then there is a big risk UK will say get out. Whether that is good for UK I suppose time will tell.
#12
Re: Expat Exodus Continues.
Whilst I understand and agree with your comments above. However surely again that is why the EU must change to stop the corruption and waste. Problem of course for some including UK we are outside the main club. There must be change or I think if Cameron does as he says and has a referendum without changes to current set up then there is a big risk UK will say get out. Whether that is good for UK I suppose time will tell.
However member countries are a different matter, especially the S.EU countries such as Spain where corruption is endemic and a way of life or part of the normal culture and highly unlikely to change any day soon.
#13
Forum Regular
Joined: Sep 2012
Posts: 246
Re: Expat Exodus Continues.
Interesting map of Spain´s population changes here
http://www.elconfidencial.com/espana...nicipio_74966/
Quite noticeable how the northern half and especially Galicia has lost population, but CDS and the Mediterranean Coast generally seem to be holding up.
http://www.elconfidencial.com/espana...nicipio_74966/
Quite noticeable how the northern half and especially Galicia has lost population, but CDS and the Mediterranean Coast generally seem to be holding up.
#14
Re: Expat Exodus Continues.
http://www.thelocal.es/20140117/spai...s-200000-fewer
Not only Brits pulling the plug, but Germans, French, Romanians and C.Americans also.
Not only Brits pulling the plug, but Germans, French, Romanians and C.Americans also.
#15
Re: Expat Exodus Continues.