Before buying a house in Spain it is important to estimate the taxes you will have to pay, not only when you actually purchase your Spanish property, but also local taxes and housing rates which are paid on a yearly basis by all home owners in Spain. Spanish housing yearly rates depend on the value of the house and the area it is in, but here is a rough guide to all the tax expenses you will need to take into account when deciding what house to buy.
The Spanish property market has reached a crossroads after its decade-long boom. The signals coming from the market are mixed, and the question as to what will happen next has been a popular topic in the Spanish and international press during June.
According to an article in ‘Expansion’ – a financial daily – sales of holiday properties on the Costa del Sol have fallen by 50%, due to a cocktail of high prices, rising interest rates, and increasing competition from alternative destinations such as Morocco, Mexico, and Bulgaria.
Most experts agree that Spain’s real estate boom is coming to an end, that too many new homes are being built, and that Spain’s economy is too dependent on the real estate sector for economic growth.
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The International Property Show “Salón Inmobiliario del Mediterráneo” has been put forward this year and will be held from 14 to 18 June. Just like the years before, the event will take place in the Palacio de Ferias y Congresos in Málaga. A wide range of offers and countless opportunities for those who are involved in the big and complicated world of looking for their residence. And for those who are not interested in the subject, but like looking around at trade fairs in order to inform themselves about topics that sooner or later will affect all of us.
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Or if you like, visit our official sponsor`s website: Apartments on the Costa del Sol
The housing prices will rise 10 % within this year.
Although there keep on being important numbers, the Caixa announce that housing prices are submerging a deceleration which will continue during the next three or four years and which will favor the soft landing of the sector. This downturn in the prices is, above all, due to the progressive increase of the types of interest of reference marked by the Central Bank of
The coast of Malaga is the favourite of all coastal destinations for Spanish and foreign people to invest in. A recent report shows that international investment decreased while national investment increased.
Eight out of ten Europeans who wish to invest in a holiday home contemplate the Costa del Sol. That is why the coast of Malaga is the main Andalusian destination in this sector and this catapults Spain to rank second, behind Italy, having the largest amount of holiday properties. Holiday properties amount to almost 4 million houses, which makes up 16% of the total of houses that exist in Spain.
If you are interested in a property in Spain visit:
If you like sport in Fuengirola: Fuengirola property
If you want to enjoy luxus and glamorous Marbella: Apartment in Marbella
If you like playing golf and you are a golf lover: Golf Property in Costa del Sol
And for those interested in sun and beach: Apartments in Benalmadena
According to a report published by the Association of Real estate agents of Vizcaya, the new flat buyers are primarily looking for the right type of neighbourhood (facilities, communications and roads), and only secondary for the price, the square metres of the flat and the quality of the material.
The highest residential tower of
If someone thought that Benidorm buildings have reached its final height is mistaken. In the next 4 years the emblematical city will increase the number of its sky-scrapers with the construction of which will be the highest residential building in
Real estates prefer Internet.
Advertising investment of real estate groups won’t be exclusively of press anymore. In
This report underlines that real estate agents consider Internet as the best cost-effectiveness ratio media and the second media which get more useful contacts. Internet has reinforced the second place about getting buyers, according to the report. The first place keeps being the old sign of “for sale”.
The Internet will stop the real estate advertisements in print media in the
Real estate advertising no longer is the business for the print media. In the United States online media is will beat the newspaper in 2009, according to Borrel Associates, a company specialized in communication media strategies, which has already been working several years in the field of giving advertising recommendations for this sector.
A research shows that the real estate agents consider the Internet to be the media with the best cost-effective ratio and the second one in terms of proportional useful contacts, only behind the direct contact.
In terms of finding buyers, the Internet has reinforced its second place, according to the study. First place still take the good old letters “for sale”.
In 1998, real estate companies in the
In
Ministry of Housing affirmed that young people think small flats are just a temporal solution.
Rafael Pacheco, general manager of Architecture and Politics of Housing Ministry affirmed that the most part of the young people which request a small flat did it as a temporal solution because the renting is cheaper than what they will find in the market nowadays, and at the same time they can save money to face up an expensive property in the future.
Although the investment in offices has grown, their value on the total volume of the third sector has decreased. This fact is due to the investors’ interest in shopping centres, parks and logistics property.
THE PROPERTIES PRICES CARRY ON THEIR SOFT LANDING
The experts of the real-estate and building sectors foresee that this year the properties prices deceleration will carry on, with increases which could be lower than two digits, which would confirm the soft landing hypothesis that the market is undergoing.
With the help of those pieces of information, Spanish who want to purchase a property still feel hope during one more year, although they may know that they cannot wait for a prices decrease, a wish which is still to light years and can only take place, at the moment, in their dreams.
In between this prices landing setting, banks has found their solution which is one of the main problems for Spanish people. They welcome their news customers who decide to confront a property purchase with their best costumes.
Thus, people who are more than 30 years old do not have reasons anymore to buy their own property.
The fact is that the financing entities like the
Overvaluation of houses prices not only in
According to a report of the OCDE,
Town councils are requesting social-demographic and economical reports to promoters and real estate groups which are going to develop the municipality. The objective is to carry out the urban law. This analysis of the social-economical impact of a real estate project combine a real estate, financial and fiscal analysis.
Aifos Spanish Property Developers on the Costa del Sol, a real estate company of
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