Expats who have seen the value of their Spanish property tumble during the economic crisis may welcome broad reforms to be announced this week.
Expatica.com reports that, with the country facing its worst recession in decades, prime minister Jose Luis Rodriguez Zapatero will be focusing on education, bureaucratic reform and revised labour laws in order to pull the country out of the slump.
The country’s unemployment rate has soared over the past two years, with the construction industry particularly hard hit as the demand for property among locals and expats has wilted.
For those who are living in Spain, or are considering a move to take advantage of the discounted real estate prices, This is Money has urged Britons to think carefully about expat healthcare, particularly those who are aged 50 or over.
The Spanish government recently introduced reforms which limited access to free healthcare with the European Health Insurance Card, claiming that older generations were placing an unmanageable burden on the country’s hospitals and clinics.