Archive for November, 2008

 

November 12th, 2008

There have been a lot of stories in the press recently about how Brits and other EU citizens who sold a Spanish property between June 2004 and December 2006 could be entitled to reclaim part of their Spanish capital gains tax.

Thousands of Britons who sold a property in Spain during this period could be owed a 20 per cent tax rebate from the Spanish government.

Initial estimates put the total amount to be reclaimed by British citizens at £11,000 per person, totalling an estimated £37m.

However, over the last few months hundreds of Brits have registered average reclaims of more than £19,300 each – totalling more than an estimated £86m.

It has been estimated that somewhere in the region of 4,500 British people, plus thousands more residents in other European countries, may now be entitled to reclaim their tax.

For more information, see www.spanishtaxreclaim.co.uk.

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November 12th, 2008

Low cost carrier Ryanair has just opened up four new routes between Málaga and the UK, making the Costa del Sol accessible to even more potential homebuyers each year.

Ryanair already flies to 10 UK destinations from Málaga and will now add Glasgow Prestwick, London Stansted, Birmingham and Edinburgh to that list. The airline predicts there could be an extra 240,000 passengers a year on these new routes, including an extra 100,000 from Birmingham alone.

Ryanair has reported that just days since announcing the new routes 5,000 tickets have already been sold for Glasgow, 6,000 for London Stansted, 5,500 for Edinburgh, and 13,000 for Birmingham.

The new flights will also attract an increasing number of holidaymakers, boosting the buy-to-let market as well.

For more see www.ryanair.com

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November 4th, 2008

Spain’s Socialist government on Monday announced a new round of emergency measures to soften the impact of the economic crisis, including the funding of a two-year, partial moratorium on mortgage payments by the unemployed.

In addition to the mortgage relief, José Luis Rodríguez Zapatero, the prime minister, unveiled tax benefits and financial incentives designed to help home-buyers and promote job creation, especially in industries such as alternative energy that the government wants to promote.

“The government is convinced that it has the capacity, strength and determination to ensure that the families in this country in the most difficulty are supported and helped,” Mr Zapatero said.

Read more at Financial Times

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November 4th, 2008
Met de flitstrein van Malaga naar Madrid in tweeënhalf uur

Met de flitstrein van Malaga naar Madrid in tweeënhalf uur

Behalve de AVE tussen Barcelona en Madrid via Tarragona rijden op het Iberisch schiereiland ook hogesnelheidstreinen tussen Madrid en Sevilla en Malaga via Cordoba. Ook tussen Madrid en Toledo en tussen Madrid en Huesca via Zaragoza. In de toekomst worden ook Santiago de Compostella in Gallicië en San Sebastian in Baskenland op het AVE-net aangesloten. De hogesnelheidslijn van Barcelona via Perpignan naar Montpellier in Zuid-Frankrijk is volop in aanleg. AVE rijdt vrijwel altijd op tijd. Renfe geeft, vanaf 15 minuten vertraging, de helft van de ticketprijs terug; bij meer dan een halfuur vertraging de volle ticketprijs. In Nederland te boeken bij NSHispeed, tel. 0900 – 9296. Kijk voor meer info en dienstregeling op www.renfe.com

Lees verder: De Telegraaf

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November 3rd, 2008

A fantastic spanish property and holiday complex is going to be given away in a raffle. This is the raffle of the year! With the property market in it’s current state this has to be the answer to get on the property ladder, and what a property to do it with!

 

The media has covered a number of raffles over the past few months in which a house or property is given away to one lucky winning ticket holder. None of these can compete however with the latest property draw ‘San Blas’ unveiled this week. The raffle will see San Blas, a magnificently restored old Spanish cortijo set in the beautiful Andalucían countryside, and worth around a cool 1.5 Million be handed over to the prize winner holding the lucky ticket costing a mere 25 Euros. More unusual about this raffle is the fact that the lucky ticket holder will not only win a stunning 4 bedroom house but a complete self catering holiday complex too. The San Blas raffle is truly unrivalled by any other property draw and offers the winner a truly life changing prize.

Buy your ticket at www.sanblasforsale.com

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November 2nd, 2008

Second Home International wordt jaarlijks gehouden in het voor- en najaar. Onderzoek onder de 10.249 bezoekers van de voorjaarseditie leverde het volgende op.

Gevraagd naar welk gebied de interesse uitging, koos een relatief kleine groep (8%) van de bezoekers voor een tweede huis in Nederland. Veruit de meeste belangstelling ging uit naar een ander Europees land (81%). Beide uitkomsten zijn vergelijkbaar met vorig jaar. Frankrijk (30%) neemt nog steeds de koppositie in van de meest populaire landen, gevolgd door Spanje (23%) en Italië (13%). Turkije en Nederland verdwenen uit de top 5, ten gunste van Oostenrijk (12%) en Duitsland (8%).

Opvallend is de toename van niet-Europese landen als bestemming voor een tweede huis: van 18% naar 24%. Dit is mede te verklaren vanwege de zwakke dollar met als gevolg een toegenomen belangstelling voor huizen in de ’dollar’-landen.

Als gebruiksdoeleinden werden achtereenvolgens genoemd: voor eigen vakanties, voor permanente bewoning, als belegging of investering en voor overwintering. De bezoekers dachten gemiddeld €227.100 te investeren.

Bron: De Telegraaf

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November 2nd, 2008

Buying property in Spain need not be difficult, but it is important to follow some basic guidelines. First and foremost: use a Spanish lawyer. It really is essential you use a Spanish lawyer. Try and choose one that can communicate with you in your own language so you can ask your questions and know you can understand the answers clearly. There are many Spanish lawyers, especially in Andalucia, who speak excellent English. We are always happy to recommend a lawyer if you do not have one.

There are a certain number of documents that your lawyer must ensure are in order before you complete a purchase:

  • The seller’s own title deed. Know in Spain as the Escritura Pública. This is the registered title deed of the property. It is inscribed in the Registro de la Propiedad, the Property Registry, and it is the only guarantee of title in Spain. In this title deed you will find a description of the property, the details of the owner, if there is a mortgage or court embargo existing on the property.
     
  • The Impuesto sobre Bienes Inmuebles. The receipt of the owner’s annual property tax, called the IBI. This receipt is very important for two reasons. First, it will provide proof that there are no outstanding taxes due on the property. Ideally, with an old property you should ask to see the last 5 year’s receipts. Second, the IBI receipt will show you the property’s cadastral reference number and also the Valor Catastral, the official assessed value of the property. This is very important because various taxes are based on it.
     
  • The cadastral certificate. The Catastro is a second system of property registration which concentrates on the location and exact boundaries of the property. The certification comes in two parts, one being a description in words of the property, the other a graphic representation, either by a plan or aerial photograph.

It is important to realise that in Spain until a deposit has been paid and a private contract (agreeing the purchase price) has been signed by the seller and your lawyer, the property is still considered to be for sale and could be sold to anyone making another offer.

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November 2nd, 2008

The latest Spanish House Price Index from Kyero.com reflects average asking prices for Q3 2008 – and it contains some surprises.

Overall, the average house price in Spain appears to have increased from €240,000 to €245,300 – in just three months. In the current market conditions, how can an apparent increase in house prices be explained?

Digging a little further, the overall increase can be narrowed down to 10 provinces which have experienced sizable quarterly increases themselves.

In Malaga province, average property prices have increased 4.3 percent during the third quarter, while showing an average yearly increase of 1.4 percent. Especially properties with 2 to 5 bedrooms seem to enjoying increasing popularity among buyers.

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November 2nd, 2008

Brought in to control urban growth and the increase in countryside properties, the Ley del Suelo has spread confusion throughout southern Spain. It has also dashed the hopes of countless Britons and other foreigners intent on retiring to the sun and tending their own little patch of land.

Illegal building had been tolerated in Andalusia. The town halls levied a fine of 5 per cent of building costs for a completed property and issued a permit. Under the new law, fines go up to 400 per cent of building costs, and properties can be demolished.

The aim of the new law is to prevent building on rural land unless it is for agriculture or tourism. It doesn’t matter whether you own five acres or 5,000 – you can’t build a new house. The only exception is that you can redevelop the site of an old property, but you’re restricted to the existing dimensions, and other restrictions may apply. And to add to the confusion, there seem to be different interpretations of the law in different provinces, or even towns.

This law, in force since 2003, is aimed at ensuring urban developments are contained within set rules and rural developments are limited to protect the countryside. Fines have been increased from between 1 and 5 per cent of construction costs to 12 per cent of market value. Even suppliers such as water and electricity companies can be fined for working on sites that don’t meet the requirements of the law.

In rural areas, no building is permitted on land unless for agricultural or residential tourism. New houses can be constructed on the site of existing ruins as long as there is a roof, and only a dwelling house for the farmer is permitted. The law does not cover agricultural buildings. Legal challenges have been brought against the law by Torremolinos council and others on the Costa del Sol have indicated they will follow suit.

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