Archives for April 2006

April 28th, 2006

YOUNG people in Spain are planning a mass sit-down to complain about property prices. Fixed for 5pm on Sunday, May 14, the demonstration will affect every town in the country. As one young internet agitator put it: “All we want is a home fit to live in, where we can start ...

Continue reading Sit down for Housing

April 27th, 2006

A group of 26 associations of all types, including local businessmen, have said they will form their own private prosecution in the court cases which result from the ongoing ‘Operacion Malaya’ corruption case in the town. Under the name ‘Plataforma por el Futuro’ they met for the first time on Monday ...

Continue reading Locals group together in Marbella as new committee starts its work

April 26th, 2006

Questions on capital gains tax. “I have heard that Spain is planning big changes in the capital gains tax for when people sell their property next year. If this is true, can you tell me what the changes will be?” Yes, it is true. The good news is that non-resident capital gains ...

Continue reading Changes in Capital Gains Tax

April 25th, 2006

UKTV is producing a brand-new series called Fly to Buy. This summer they will film couples going through the process of finding and buying property abroad. As long as you have an idea of the area where you want to purchase, Fly to Buy will take you to that area, ...

Continue reading Serious About Buying in Spain?

April 24th, 2006

A bill to catch foreigners avoiding tax went before the Spanish parliament early this month and even before new legislation comes in, the crackdown has begun. A large number of Britons who let properties have not been telling the Spanish taxman and, after years of turning a blind eye, the authorities ...

Continue reading Spanish Taxmen Hunt Foreign Homeowners

April 21st, 2006

Spain has regained its crown as the top European summer sun destination for British tourists. The country has overtaken former hotspots like Turkey and Greece, according to online travel agency Holidays-Direct. “On assessing confirmed bookings we see Spain is the destination of choice, ahead of other countries,” said Paul Reeve ...

Continue reading Spain is top holiday spot

April 20th, 2006

It’s little wonder the FSA is concerned about the mis selling of equity release, and in particular home reversions. Publicity put out by some of those involved in this market is clearly designed to appeal to elderly homeowners’ fantasies, if not greed. Economic Lifestyle claims close to a million retired people ‘are ...

Continue reading Elderly Targeted to Release Equity for Homes Abroad

April 19th, 2006

Immigrants are emerging as a powerful new force in the Spanish economy, boosting demand for new housing, which in turn is sustaining the country’s long construction boom, according to analyst reports. “There is no risk of a property crash in Spain in the short or medium term thanks to new demand ...

Continue reading Immigrants Help Sustain Spain’s Long Building Boom

April 18th, 2006

House price growth has remained strong in Spain and investors continue to flock to the country with the intention of making considerable returns, both through rental income and capital gains. As reported by the Spain Herald this week, average house prices are now higher than €6,000 (£4,146) per square metre in ...

Continue reading Good news for Spanish property investment

April 17th, 2006

The Association of British Travel Agents (ABTA) estimates a record 2.3 million British holidaymakers set to leave the country in a scramble for the sun. Relentlessly cold temperatures here in the UK and a late Easter has fuelled demand for warmer destinations and also means that many of the Mediterranean resorts ...

Continue reading Record 2.3m Seek Easter Sun

April 14th, 2006

Both the Socialist Party and the left wing coalition I.U. have suggested that the Attorney General in Spain be given new powers to chase town planning crimes, and they consider that what is needed in Spain is the creation of a new prosecutor to work specifically in the real estate ...

Continue reading Dramatic Real Estate Changes in Spain

April 13th, 2006

Half of all mortages are for more than 100% of the property price El Periodico de Catalunya reported that nearly half of all property buyers in Spain who request a loan, need to finance more than 100% of the value of the property, according to the fifth annual study of ...

Continue reading Spanish Property Market News

April 12th, 2006

Following a partner, being with family and having a better quality of life are the main factors that motivate Europeans to move to another country, new research shows. Of the 2% of European citizens who live in a country other than their own, only a quarter move because of employment. ...

Continue reading Europeans move within Union for love and a better quality of life

April 11th, 2006

Barcelona is one of the world’s most dynamic cities, with a rich blend of cultural delights and 24 hour hedonism. It’s situated between the Costa Brava and the Costa Daurada, which is a rugged and beautiful region, located on Spain’s north eastern tip. The Catalan capital, Barcelona resides on a ...

Continue reading Featured Location – Barcelona

April 10th, 2006

After announcing a ten month high in house price inflation for March last week, Nationwide released its first quarter report yesterday crediting the housing market with a ‘spring bounce’ right across the UK. The report says house price growth accelerated in all regions of the UK in the first quarter of ...

Continue reading House Price Growth Accelerates in all UK Regions