Archives for February 2005

February 16th, 2005

The Inland Revenue is targeting people who buy property abroad through a company. Many people who own properties overseas could be hit by unexpected tax bills running into thousands of pounds.The Inland Revenue is threatening to crack down on Britons who set up companies to buy homes in countries such ...

Continue reading Tax warning on overseas holiday homes

February 14th, 2005

Second home buyers seeking a place in the sun have helped to send prices in Spanish hot spots soaring over the past five years. There may be more pain than gain in Spanish property. Many have made a packet from newly-built flats in popular coastal areas where prices have ...

Continue reading The pain in Spain is mainly on the Costas

February 11th, 2005

Statistics published by the Spanish Housing Ministry have shown that average house prices have continued to rise over the third quarter of 2004, although at a slightly slower rate than during the previous quarter. Research has shown that prices of newer residences have increased at a slower rate than those ...

Continue reading Housing Ministry statistics detail price rises

February 7th, 2005

Many of the illegal or unlicenced residential properties in Cartama may soon be legalised, according to a spokesman for the municipal authorities of the town, which is situated in the interior of Malaga province. Over the last 20 years thousands of properties that do not conform strictly to the existing ...

Continue reading Hope for illegal property owners