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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Este es el sistema de noticias de la web de Acerca de aifos-realestate.
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