Archives for December 2006

December 29th, 2006

Grupo Ferrovial SA, Spain’s second- largest builder, agreed to sell its real-estate division to Promociones Habitat SA for 1.6 billion euros after its August takeover of airport operator BAA Plc inflated debt. The sale of Ferrovial Inmobiliaria SA will result in a gain of 770 million euros, Madrid-based Ferrovial said. It ...

Continue reading Ferrovial to Sell Property Division for €1.6 Billion

December 28th, 2006

Britons living abroad tend to open an offshore bank account to help with their banking arrangements. You will also need to open a local bank account in Spain, but if you retain financial transactions in the UK, or wish to benefit from higher interest rates, then an offshore bank account ...

Continue reading Offshore Banking For British Expatriates

December 28th, 2006

Banco Halifax Hispania has reduced the rate on its variable Euro mortgages with immediate effect. Repayment mortgage rates of 4.633% for loans up to 60 per cent and 4.733% per cent for loans up to 70 per cent of the value of the property are now available. The reduction in interest rates ...

Continue reading The cost of buying a property in Spain is reduced

December 28th, 2006

Bank of Scotland International has highlighted the benefits of offshore banking for people living overseas. More and more people choose to relocate each year, with almost 200,000 Britons moving out of the UK in 2005. Traditional locations such as Spain are being joined by the likes of Panama (currently enjoying a ...

Continue reading Offshore Banking Makes Sense for Expatriates

December 27th, 2006

Your success or failure in finding a suitable rental property depends on many factors, not least the type of rental you’re looking for (a one-bedroom apartment is easier to find than a four-bedroom detached house), how much you want to pay and the area in which you wish to live. Finding ...

Continue reading How to Find a Rental Property in Spain

December 21st, 2006

Many foreigners pay more than is necessary when buying property and property related services in Spain. Being on unfamiliar ground they find it difficult to judge if they are being charged reasonable prices. This in turn motivates companies to exploit the opportunity. So do yourself a favour and swot up ...

Continue reading Avoid Overpaying When Buying in Spain

December 20th, 2006

The Brits love affair with Spanish property shows no signs of diminishing although the areas still showing growth potential are changing. “It is interesting to note that according to the government’s figures in 2005, some of the highest growth regions in Spain were Aragon, Andalucia and Galicia,” said Nick Freeston, director ...

Continue reading Mallorca a "Hotspot" in Spain’s Changing Property Market

December 14th, 2006

Nowadays, many people in the UK own a holiday or a second home outside UK - be it Spain, France, Italy etc. It is estimated that second homes are one of the major source of income for the people of UK. But you may never know when some mishaps might ...

Continue reading Second Home Insurance

December 12th, 2006

Holiday Lettings keeps its homeowners informed on proposals to reduce Capital Gains taxes payable by non-residents in Spain. If you are about to purchase a holiday home in Spain or sell up and buy another elsewhere can you wait until the New Year celebrations are over? It is likely that your ...

Continue reading More Reasons to Buy that Holiday Home in Spain

December 11th, 2006

New flexible mortgage has Barclays Spain highest ever loan to value and mortgage term which gives British buyers more options in the Spanish property market. Barclays, the largest British bank in Spain, has launched a flexible mortgage for non-residents looking to buy property in Spain which allows property buyers to take ...

Continue reading Barclays Launches New Flexible Mortgage

December 7th, 2006

The slopes and the costa are both within striking distance of this ancient town, writes Nicola Venning. If you like to mix café society with your aprés ski and enjoy red runs as much as red wine in a good restaurant, then a home in Granada, southern Spain, could be ...

Continue reading The Allure of Granada

December 4th, 2006

The thought of owning a second home in the sun or a ski lodge or mountain retreat where we can escape whenever the mood takes us is of course a commonly held dream. And with the simplification of re-mortgaging facilities, the affordability of home loans and the growth in underlying equity ...

Continue reading How To Buy A Holiday Home Abroad

December 1st, 2006

From Ecuadorean nannies to Romanian builders, millions of immigrants to Spain are buying their first homes and buoying the country’s cooling house market. Spain’s immigrants have quadrupled to over four million since 2000, helping the country’s population grow as much in the last five years as in the previous 30. Most ...

Continue reading Immigrants Help Buoy Spanish Market