News Entries Tagged 'Spanish Property'

Spanish Home Enquiries Surge

Posted On Saturday, 23rd April 2011

Spanish home enquiries surge April 22, 2011


Second Homes

Posted On Saturday, 23rd April 2011

One in seven retiring Brits have second properties , many in Spain According to figures released by the UK’s Office for National Statistics (ONS) this week, one in seven British couples approaching retirement has a second home and, excluding mortgage debt, the couples have an average equity holding of £250,000 in their additional properties.  


Spanish banks offer 100% loans

Posted On Saturday, 23rd April 2011

Spanish banks offer 100% loans to clear distressed property


Spain's beaches designated the cleanest in Europe

Posted On Saturday, 23rd April 2011

Spain's beaches designated the cleanest in Europe


Why Invest in the Costa del Sol?

Posted On Saturday, 23rd April 2011

Why Invest in the Costa del Sol? The price point is in some cases as much as 60% below the peak in 2008.  There are currently prices available comparable to 10 years ago There is higher finance available in Spain – between 80 % – 100% on certain properties The cost of borrowing is at an all time low. The Euribor is only 2.5% and interest only is available from 3.0% New airport infrastructure for the worldwide market with Malaga airport set to cater for 30 million passengers annually It is rated as one of the worlds top golf tourism markets with over 50 golf courses in the area No more off-plan property development is underway. All properties currently on sale are licenced and completed and therefore represent a risk free investment.  No new builds planned for the foreseeable future There is a well established short and long term rental market The area caters for every type of holiday maker There is a multi source exit strategy and rental market from the British, Irish, Dutch, German, Scandinavian, Russian, Saudi and Spanish markets The climate is one of the best in Europe with a unique micro climate providing 320 days of sun a year, mild winters and low humidity Its more than a beach resort. You can access day trips to Morocco, Portugal and Gibraltar within hours Enjoy winter skiing in the Sierra Nevada within 1 to 1.5 hours drive away Explore the cosmopolitan cities of Granada, Seville and Malaga all within a 3 hour drive Low cost airlines are launching MORE routes to the area while pulling out of other areas.


Alcaidesa , Southern Spain

Posted On Saturday, 23rd April 2011

One of the best kept secrets in property in southern Spain is "Alcaidesa" nestling on the shores of the western Costa del Sol , 6 km south of Sotogrande , 12 km north of Gibraltar, in the region of Andalucia.Alcaidesa blends naturally into the rugged landscape , and is situated directly above a spectacular 10 km white sandy beach caressed by the crystal clear waters of the western Med.  Its a perfect location for all age groups , with something to offer all year round. It is a golfer's paradise with stunning links and heathland courses .......and its within 5 km of several other top golf courses , including the world renowned Valderama ! We believe however that the Alcaidesa links course , one of the few links course in Spain, is a memorable challenge.   A green oasis in an arid landscape, Alcaidesa features a wonderful variety of vegetation and co-exists with a protected area of abundant wildlife .Alcaidesa offers restaurants , shops , commercial center , hotels ,  firestation , local police station and an International School is under construction nearby.  The Sotogrande Marina and Polo Club is close by. Gibraltar provides an interesting distraction !  Alcaidesa offers some of the best property in Southern Spain including beach front and front line golf apartments townhouses and villas with spectacular views down the coast to Gibraltar with the Atlas Mountains of north Africa in the distance. Our properties have direct access to the beach and golf facilities . Alcaidesa is well south of the more touristic areas of the Costa del Sol such as Marbella and offers a more sophisticated option for investors in property in southern Spain. Owning property in Southern Spain is a lifestyle choice you will never regret. Andalucia is a wonderful region with a rich history and culture, some fabulous cities such as Sevilla , rugged mountains , white sandy beaches............not to mention some of the world's best golf courses!Its the perfect time to invest in Alcaidesa . There will never be a better opportunity to buy beautiful property in southern Spain.We can offer significant discounts on our Alcaidesa properties and make them affordable by arranging mortgages with local banks on a high loan-to-value basis .We can arrange your viewing trip , accomodation and transportation.  We will take care of you and provide all the information and advice you need to make your investment decisions , including the provision of expert legal and financial advice.Alcaidesa is easily accessible by road on the A7 autoroute or by air via Gibraltar airport (12km) , Malaga airport (110km) or Jerez airport (120km)Come to Alcaidesa ........Fall in love


Spain halves new homes tax

Posted On Saturday, 23rd April 2011

Spain halves new homes tax 22 August 2011 14:02


Arcos Gardens Magazine, January 2014

Posted On Saturday, 23rd April 2011

                Arcos Gardens Magazine, January 2014         2014 Formula-1 Winter Test, Jerez   Discover Best Golf Deal in January!             The Formula-One circus arrives in Jerez just around the corner. Jerez will once again host the first test in January 28-31, before the teams fly to the Middle East for the second test on February...


Paramount Unveils Murcia Theme Park

Posted On Saturday, 23rd April 2011

 Paramount Unveils Murcia Theme Park Wednesday, October 12, 2011


Murcia

Posted On Saturday, 23rd April 2011

The region of Murcia lies in the South-East corner of the Iberian Peninsula, between the regions of Andalusia, Castile-La Mancha and Valencia,  area 11,317 km2 (2.2% of the total surface area of Spain), bordering the provinces of Albacete in the North, Alicante in the East, Granada, Albacete and Almería in the West, and the Mediterranean in the South-East.Murcia has a typical Mediterranean semi-arid subtropical climate with more than 3,000 hours of sunshine a year and mild temperatures - even in winter. Summer temperatures reach 40ºC and mild winters have an average temperature of 11ºC in the months of December and JanuaryMurcia has just over 170 km of coastline, including La Manga, a coastal strip of land which almost completely closes off the Mar Menor lagoon from the Mediterranean.


SPAIN : Luxury Property doing well

Posted On Saturday, 23rd April 2011

Property prices in Spain still falling but luxury property doing well FRIDAY, 21 OCTOBER 2011


Murcia : best place to invest in Spanish property

Posted On Saturday, 23rd April 2011

Murcia : best place to invest in Spanish property September 15, 2011


Spain at a Glance

Posted On Saturday, 23rd April 2011

Spain - At a Glance


New Marina for Marbella

Posted On Saturday, 23rd April 2011

 


No other EU property location can match Murcia

Posted On Saturday, 23rd April 2011

No other EU property location can match Murcia 23 March 2012  A Spanish overseas property professional is predicting that home values and rental prices in the Murcia and Almeria regions of Spain are rising sharply with the news that the Paramount theme park is under construction.  


Food for Thought - Did you know that..

Posted On Saturday, 23rd April 2011

                    Food for Thought - Did you know that..  EARLY BIRDS GETTING THE PROPERTY WORM....


Spain back in full crisis mode

Posted On Saturday, 23rd April 2011

Spain back in full crisis mode18 April 2012 


Positive News On Buying Property In Spain

Posted On Saturday, 23rd April 2011

Positive News Article by Reuters On Buying Property In Spain Time to buy your Spanish Home REUTERSDreaming about a summer or retirement hideaway in Spain? You aren't the only one.Leo Sulas bought a two-bedroom apartment near Gibraltar last month for about $320,000 after looking at options in Florida and Texas."Property taxes and maintenance would have been higher in the United States and a similar property would have cost at least $450,000," he says.Sulas plans to maintain a residence in Chicago to stay in while visiting his children but retire primarily in Spain in two years."I'll be able to sit in my living room and look at the ocean," he says.While Spain brokers a $125 billion deal with the euro zone to bail out the country's banks after a real estate boom and bust, a wave of buyers backed by a stronger dollar may just be arriving. U.S.-based searches of Spanish property listings increased by 10 percent this May, compared with a year earlier, at London-based global broker Knight Frank.SPAIN STANDS OUTAmericans are getting more interested in other European real estate, too: U.S. searches for all European properties are up 26 percent from a year ago, according to Knight Frank, and especially for listings in France, Italy and Switzerland where prices are generally holding steady or rising slightly.But in Portugal, where a bank crisis similar to Spain's may be on its way, U.S. interest fell last year. International realtors have been warning buyers to wait and see in Greece.So for Americans looking to plunge in close to a market bottom, the moment may be ripest in Spain."All the bad news one can read is correct," says Barcelona-based Christoph Toelle, managing partner of Sotheby's International Realty, "but thanks to the crisis, a buyer can find properties that would never come on the market before."For example, a million euros ($1.25 million) now buys a luxury corner two-bedroom, two-bath apartment ( r.reuters.com/nuh88s ) on the Paseo de Gracia, Barcelona's avenue of designer shops.In 2007, an apartment like this one would have cost 40 percent more and most likely wouldn't have been publicly listed, Toelle says. Along the Costa Brava, the northern coastline (often described as "Tuscany with a beach"), he says, apartments for sale are scarce, but steeply discounted single-family homes can be found.In the luxurious Sotogrande complex, on the Costa del Sol, James Stewart, representing the British real estate broker Savills, is seeing apartments down to $800,000, from $1.4 million."We're pretty near the bottom," he says. Security and costs are in line with other luxury areas in Europe, he notes.Inland in Granada, home to the Alhambra palace and gardens, Ronan McMahon, a contributing editor at InternationalLiving.com, is enthusiastic about a project with condos beginning at 800 square feet (75 square meters) for less than $100,000, down 50 percent from original pricing. The bank, which foreclosed on the developer, is offering 95 percent financing to non-residents. The development is surrounded by high-end villas with pools, McMahon says."You need to make contact with solid realtors," McMahon says. "Go for a month and look, and it'll more than pay for the price of the trip." In rural Murcia, for example, he sees a mixed bag of "affordably priced villas" amid a lot of failing projects.Even in the less-fancy areas of the highly developed Costa del Sol, where prices soared and then collapsed, some people are biting. Spain has cut its sales tax in half, to 4 percent, through the end of the year on newly built properties.In the last four months, Geoffrey Donoghue, owner of Always Marbella, a Costa del Sol realtor, has begun getting about a dozen calls a week from Americans and has made a handful of sales. He continues to have buyers from around the world.One caveat for the well-heeled: this year, a "wealth tax" applies to non-residents with Spanish assets above 700,000 euros (about $875,000), "net" of certain costs.STEER CLEARMost realtors recommend steering clear of bank fire sales, however."There are fantastic bargains but, in my opinion, prices are still falling," says Peter Veitch, of Investabroad Properties, "and parts of the coast look like a wasteland. Hundreds of restaurants and other amenities have closed down."To avoid shaky projects, he urges foreign buyers to get legal advice independent of the developer, agent, or owner.Getting a loan from a Spanish bank other than on a foreclosure can be tricky, says sales agent Kirsty Bryson of Luxury Homes by VAPF in Alicante. However, banks do offer variable rate loans beginning from 4 percent to 5.25 percent (and the interest may still be deductible). Specialty brokers can fix the exchange rate for up to three years.Another option: borrow in the United States against your main home. Norwegians Per Nordland and Irene Johansen, for example, raised funds by borrowing in Norway on their main residence.For about $625,000, they built a two-bedroom, two-bath home within walking distance of a beach near Moraia, along the eastern coastline. When they first began looking three years ago, costs were much higher, says Johansen, who adds, "We couldn't have afforded this view."Sulas says he isn't worried that the euro zone troubles will hurt his investment or lifestyle: "If there's going to be a revolution in the streets, it isn't going to be in a little town by the ocean."


Tax Relief in Spain for Overseas landlords

Posted On Saturday, 23rd April 2011

News Tax Relief in Spain for Overseas landlords


New plan to give extra security to buyers on the Costa del Sol.

Posted On Saturday, 23rd April 2011

Industry experts debate new Costa del Sol property project


SPAIN : VAT on New Build Properties rises from 4% to !0% at year end

Posted On Saturday, 23rd April 2011


New Costa Blanca beachfront homes from €249,000

Posted On Saturday, 23rd April 2011

News New Costa Blanca beachfront homes from €249,000


Residency Scheme for Spanish Property Buyers?

Posted On Saturday, 23rd April 2011

News More details wanted on property for residency scheme


Marbella prices to rise soon?

Posted On Saturday, 23rd April 2011

News Marbella prices to rise soon, says agent


Not all doom and gloom in Spain !

Posted On Saturday, 23rd April 2011

It isn’t all doom and gloom!With so much bad news from Spain hitting the headlines, I thought I would tell you about some more positive statistics and events. It is true that Spain is in recession and there is a property crisis, but not everything is bad news. Here are some things you won't necessarily read in newspapers or on the web:


Spain Sets Discount for Bad Bank Assets

Posted On Saturday, 23rd April 2011

Spain Sets Discount for Bad Bank Assets, Seeks Investors Spain’s bad bank will buy foreclosed real estate assets at an average discount of 63 percent as the state seeks investors to become shareholders in the 60 billion- euro ($77 billion) facility, the bank-rescue fund said. The bad bank, known as SAREB, will apply an average discount of 46 percent to gross book value on loans to developers, the so-called FROB rescue fund said in a presentation yesterday in Madrid. Nationalized lenders will transfer 45 billion euros of assets to the bad bank, while other lenders with capital shortfalls may transfer about 15 billion euros, FROB Chairman Fernando Restoy said.


Morgan Stanley on Spain for 2013

Posted On Saturday, 23rd April 2011

Morgan Stanley Update on Spain for 2013 According to Morgan Stanley Spain is the second best country in Europe for investments in 2013. Switzerland and Spain are the top two investing recommendations of Morgan Stanley.Having checked investor behaviour in November, Morgan Stanley analysts said Tuesday in an investor note that Europe has passed the US, with MSC Europe at +2.6 percent versus S&P 500 at +0.6 percent. The bank’s experts remarked that estimates on profits have improved in Europe to a point that suggests it will not lose further ground in the short and medium term.As for Spain, Morgan Stanley explained that its “strategy advisers have highlighted Spain as one of the potential surprises in 2013, along other peripheral euro country members.” Spain has been upgraded to the second position–only behind Switzerland–, its best marks since the third quarter of 2009.“We expect premium risk spreads between core euro countries’ sovereign bonds and peripherals’ to keep decreasing, even down to 155 basis points to 75 basis points if the European Central Bank activates the outright market transaction programme,” the report said.France fell to 12th place, while Germany remained among the top five choices for investment.


Spanish Tax law reforms

Posted On Saturday, 23rd April 2011

Spanish Tax law reformsNew tax laws on assets and income came into force at the start of this year and, although mainly designed for the Spanish population, they will also affect all foreigners who are, or will become, Spanish residents. You will automatically be considered a resident of Spain if you spend more than 183 days per year in the country.There has been a problem for many years of “black” or undeclared income and assets in the Spanish population, and in the wake of the current serious economic crisis, the Government and tax authorities are now “regularising” a law which has actually always been in place but not necessarily enforced.As a result, all Spanish residents must now declare by 30 April this year (31 March in following years) ALL assets owned outside Spain as of December 31, 2012. There are basically three categories that you will need to report if any of them have a value over €50,000:


Spanish taxes for non-residents

Posted On Saturday, 23rd April 2011

Spanish taxes for non-residents When moving to Spain or buying property in Spain there are a number of costs and taxes that you will encounter along the way. Today Sally Veall of the Spain Buying Guide outlines some of the taxes that will be faced by non-resident property owners in Spain... You will be considered non-resident in Spain if you spend less than 183 days in the country. Non-residents are still required to pay income tax on any income earned in Spain and that includes income on money deposited in a Spanish bank, rent received for a property or income derived from a business. If you own a property or have a business in Spain, you must complete a tax return each year. Anyone owning a property which is not rented out and does not produce an income is nevertheless considered to have earned an “imputed income” from that property, upon which tax is payable.The Spanish tax year runs from January 1 to December 31. The annual tax return must be made between May 1 and June 20 of the following year.There is a double taxation treaty with the UK, so you will only be liable for this tax in Spain, though if a property is owned by a British company, you will probably have to pay your taxes in the UK.All property owners, whether resident or non-resident, must pay a property tax which is equivalent to rates in the UK. This is called IBI (impuesto sobre bienes inmeubles urbano) and this tax is a contribution towards a number of things such as street cleaning, education, amenities and so on. IBI is calculated on the rateable value of a property or valor catastral.There is a second tax payable by all property owners for waste collection and drainage (basura y alcanarillado), which is paid annually at the same time as IBI.An offshore company tax (impuesto especial) is levied annually on offshore companies that don't declare the individual owner of a property in Spain.Also, if you own a car or other vehicle in Spain, you will need to pay the annual motor vehicle tax (impuesto de circulation). This is an annual tax paid directly to your local town hall and is calculated on the power and age of the vehicle. If your car is registered in a large city, the tax will be higher than if it is in a small town or village.Recently, non-resident property owners have been receiving letters from the Spanish tax authorities stating that they are in arrears with regard to income tax. Many people were unaware that they were liable, others chose to ignore the tax.The Spanish authorities are becoming much more efficient at catching up with property owners who so far have slipped through their net. Unfortunately, ignorance is no defence for not paying taxes and you may well find you have problems when you decide to sell the property. If you have failed to pay the tax when due, you will receive a charge of 3 per cent of the sale price which is supposedly an advance on capital gains tax due, but really the tax authority will ask to see tax form 210 (income tax) has been fully paid and is up-to-date.Non-residents who fail to pay Spanish income tax will be required to pay the outstanding amount due plus what the Spanish term a “sanción” or penalty of between 50 per cent and 150 per cent on the original demand.You can either employ a tax lawyer or gestor to deal with tax matters for you or go yourself to your local tax office for advice, (speaking some Spanish is vital). You will find tax forms available online and taxes can now be paid online as well, by direct transfer from your Spanish bank account.Apart from income tax on property which is not rented out, other Spanish taxes for non-residents are similar to those in the UK. 


Spain Approves Golden Visa September 2013

Posted On Saturday, 23rd April 2011

Spain Approves Golden Visa September 2013 Finally! Spain Approves Golden Visa legislation. Non European Citizens investing five hundred thousand euros in Spain can now apply for permanent Spanish residency .


Legal Questions on Buying Property in SPAIN.

Posted On Saturday, 23rd April 2011

What is the best way of buying a Spanish property? Should we buy in joint names or my sole name and what kind of tax will I have to pay? For tax reasons, if the property purchase price is under €500,000, it should be bought in the joint names of husband and wife. Any non-resident individual with a property in his name is subject to an Income Tax on the value of the property. The Inland Revenue deems that the owner of the property is receiving an annual income equal to 2% of its value and a 25% tax is applied on this amount.The valuation for the Deemed Income Tax comes from the cadastral value shown on the Local Property Tax records (I.B.I. bill). In the majority of the cases, this tax payment is not higher than 300 pounds a year. How does inheritance tax work in Spain if I die?Firstly, it is highly recommended that you sign a Spanish will using a Spanish Public Notary. The will that you have from your home country only covers your assets there, so it is important to have this sorted.In the writing of your testament it will not matter if you are a Spanish resident or not. Upon execution of your will, it will be accepted as valid. The only requirement enforced by Spanish authorities is the payment of Spanish inheritance tax, which will be different for residents and non-residents. This is the only time that this status will matterThe inheritance tax starts at 7%  and goes up to 34% depending on the value of the assets (properties, bank accounts, shares, bonds and so on which are held in Spanish territory) at the time of passing. There are some allowances and exemptions which can be applied, also there are different ways of mitigating this tax payment but every single case should be studied and advised individually.


Foreigners rush in where Spaniards fear to tread

Posted On Saturday, 23rd April 2011

Foreigners rush in where Spaniards fear to tread December 11, 2013


New Website Launch - SpainPropertyDeals.com

Posted On Saturday, 23rd April 2011

We are excited to announce the launch our new website featuring the best Property for Sale in Spain .     When you subscribe you will receive our Free Guide to Buying Property in Spain to get you started . When you enquire about any of our properties you will experience attentive Customer Service from our team which is dedicated to serve your interests, not those of Developers or Owners . When you buy any of our properties you will benefit from our on-going support and advice ensuring a smooth acquisition process, helping you to overcome the various legal and financial issues, and assisting with your move as an owner-occupier or renting out your property as an Investor. Unlike other Agents , we do not simply sell and walk away , we stay with you all the way to ensure your complete satisfaction .  We do offer Cheap Property in Spain , but more than that we ensure we provide the Right Property for you our Customer.  We look forward to working with you to find your Dream Home in Spain.