Overseas Property Trends

Following tax rate increases, announced 50% of income tax-rates and clamp downs in the U.K, upscale real estate agents and law firms report that there is a “wealth exodus” taking place in the U.K. As published in the 2010 issue of OPP (Overseas Property Professional) Magazine, England’s wealthiest are out to buy new permanent addresses. Traditional European tax havens such as Switzerland and Monaco are always sought after, but changes in the tax regime are generating much buzz around upmakrt properties in Portugal, which also benefits from its reputation as a landmark retirement destination.
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