23 May 2016
At the moment, many UK citizens have holiday homes in European countries, in particular Spain and France. If the UK left the EU, in theory UK citizens would be treated like non-EU citizens in relation to these properties, potentially having to apply for a visa in order to visit. If so, this would mean more intrusive questions about various matters including how long they were going to stay, their income and health insurance position. There could also be a risk of higher taxes being applied by EU countries to properties owned by non-EU citizens. These points could in turn make the destination less desirable and lead to a reduction in property values.