With all-time record numbers of tourists visiting Spain, seeing 7.64 million foreign visitors in August alone, a 9.4% increase over the same month in 2010, it seems that the third quarter of 2011 has been a bumper period for Spain, with Spanish property prices rising in certain locations.
Statistics from Kyero.com, Spain’s largest English language property portal, for Q3 2011 show that the national average asking price for property in Spain increased to €266,100 in September compared to €263,000 back in June this year, suggesting a shortage of quality properties in the most popular regions. Read more... (570 words, 1 image, estimated 2:17 mins reading time)
The Spanish province of Murcia in the south-east of Spain is proving to be a popular choice for overseas property investors.
According to TheMoveChannel, Murcia was one of the most searched for locations for Spanish property in August 2011 – with La Manga, Caragena and Mar Menor being the areas with the most interest. Read more... (325 words, 1 image, estimated 1:18 mins reading time)
By BuyingForeignProperty on Monday, August 22, 2011Filed Under: Spain
The Spanish Government has announced new measures to help boost the new build property market in Spain with IVA (VAT) havled from 8pc to 4pc.
This IVA reduction will apply until the 31st December 2011 and will hopefully boost the flagging new build Spanish property market,
Minister of Development Jose Blanco explained that the IVA cut was to help revive the Spanish construction sector and help to create jobs in an area hit hard by the recession.
Property purchasers have welcome the news – as the Spanish IVA reduction can mean a large saving. Buying a €200,000 property will see €8,000 saved.
The Spanish government estimates there are 700,000 unsold new-build houses across the country currently on the market thanks to a massive oversupply of houses. So does this mean that property investors will be able to pick up a Spanish property investment bargain?
Spain has long been a popular destination for British expats who have looked to the country for their retirement years. The strong demand for housing led to a buoyant Spanish property market. Read more... (400 words, 1 image, estimated 1:36 mins reading time)
By BuyingForeignProperty on Monday, October 25, 2010Filed Under: Spain
Many property investors are put off by buying property in Spain because of the problems with some properties in recent years and the large, crowded expat community. However there are still some hidden property gems in Spain and the country should not be overlooked.
Many overseas property investors have traditionally looked to Southern Spain when investing in Spanish property. However Northern Spain is starting to gain in popularity because it is a world away from the built-up, owercrowded areas in the South and is full of spectacular scenery, a laidback, friendly culture and fantastic food. Read more... (534 words, estimated 2:08 mins reading time)
Expats who paid out too much tax on their Spanish property sale may be entitled to a rebate amounting to thousands of euros, according to leading foreign exchange firm Currencies Direct.
The potential capital gains windfall for British expats who sold property in Spain before 2007 comes after the scrapping of a discriminatory Spanish tax law.
Now with the pound weak against the euro, and the clock ticking on securing refunds, all claims must be filed by 21st November this year. The Currencies Direct experts say there is no time like the present for expats to get their refund and repatriate the money. Read more... (497 words, 1 image, estimated 1:59 mins reading time)
Spain is one of the most popular destinations for UK property investors who are looking for somewhere warm to spend their retirement. However there is often some confusion over what benefits UK citizens living in Spain are entitled to.
Broadly speaking, there are three main types of benefits that UK citizens moving to Spain need to think about: benefits that must be applied for whilst still in the UK, benefits that should be applied for after they have moved to Spain, and benefits that they are not entitled to. Read more... (397 words, estimated 1:35 mins reading time)
With all-time record numbers of tourists visiting Spain, seeing 7.64 million foreign visitors in August alone, a 9.4% increase over the same month in 2010, it seems that the third quarter of 2011 has been a bumper period for Spain, with Spanish property prices rising in certain locations.
