Archives for January 2007

January 29th, 2007

Notaries may refuse deeds if it is not clear where the cash has come from. Some owners, selling before the deeds are registered, do not want their names to appear on the paperwork to avoid paying taxes. The new Tax Fraud Prevention Law, which came into force in December, requires ...

Continue reading Notaries may clamp down on Evasion Tricks

January 26th, 2007

Thanks to new technological solutions you can connect lights, raise blinds and even answer with your own voice when someone rings the entryphone. An intelligent house must be a safe house. Domotics offers guaranteed comfort and at the same time the physical integrity of its inhabitants and the protection of ...

Continue reading Domotics never goes on holiday

January 24th, 2007

With tax rates now reduced, a home in Spain makes a shrewd investment, as long as you do your homework. Who says nothing good ever comes out of Brussels? Britons selling their holiday homes in Spain used to be clobbered with a capital-gains tax (CGT) rate of 35%, while permanent residents ...

Continue reading Still plenty to gain from a home in Spain

January 23rd, 2007

Two bills passed by the Spanish parliament have taken effect from January the 1st, 2007: the new Income Tax Act and the Tax Fraud Prevention Act, both of which affect non-residents owning or intending to buy a holiday property in Spain. The Income Tax Act changes certain articles of the Non-Resident ...

Continue reading New 2007 Spanish Tax Reforms

January 22nd, 2007

Figures produced by the National Institute of Statistics (INE) have revealed that the population in the province of Malaga increased by 37,878 inhabitants in 2005. The 2.6 per cent increase between January 2005 and January 2006 means that the population of Malaga falls just short of the the million and ...

Continue reading Malaga Populations increase by 4,000

January 18th, 2007

The most expensive homes are on the east side of the city and the cheapest are in Ciudad Jardín, says a report. Between December 2005 and December 2006 house prices in the city of Malaga went up 9.9 per cent, placing the cost of a square metre at an average of ...

Continue reading Malaga House Prices Increase by 10%

January 17th, 2007

A survey by Holiday Lettings has confirmed the recent growth in the ‘buy-to-jet’ market. More than half of the company’s 6,000 holiday home owners had bought their holiday property within the last two years. They found that 45 per cent of these enterprising individuals were initially attracted by capital growth prospects rather ...

Continue reading More Britons investing in Holiday Homes

January 16th, 2007

The white Andalucian sun beats down on the red earth of the fields, on the dusty grey-green leaves of olive trees, on the white-walled churches - and on Mark Thompson, 34, a builder from Newcastle who has just unlocked the door to his new home. An hour earlier Thompson picked up ...

Continue reading British move south to sunny Spain

January 12th, 2007

After scorching weather across the Mediterranean last summer, meteorologists have warned that 2007 could well be the hottest year on record. Experts from the UK Met Office believe there is a 60 per cent chance that worldwide temperatures will exceed the record set in 1998 over the course of the next ...

Continue reading Record 2007 temperatures to fuel expatriate boom

January 8th, 2007

VALENCIA — The mayor and four developers have been charged with perverting the course of justice in connection with an illegal building homes scandal which threatens the homes of hundreds of expats. The socialist mayor of Catral, near Alicante, Jose Manuel Rodriguez Leal and the promoters, were charged by a judge ...

Continue reading Catral Mayor, Developers Charged in Homes Scam

January 5th, 2007

This is not to be confused with other so-called leaseback systems already in existence in Spain which are, realistically, merely cheap imitations of the real thing. This leaseback opportunity offers investors significantly higher quality and the best terms within the leaseback world. The main attraction of the leaseback system is the ...

Continue reading Leaseback on the Costa del Sol

January 3rd, 2007

The number of non-Spanish inhabitants has risen by 13.25 per cent in the past year. Residential tourism is also looking towards the interior of the province of Malaga. There has been a huge increase in the number of foreign residents in the Antequera area, with the non-Spanish population of the area ...

Continue reading 4.74 per cent of Antequera are Foreigners

January 2nd, 2007

Buy off-plan and you risk losing your money, unless the right safeguards are in place. If you keep up your scheduled payments on your off-plan property, and stick to your contract with a reputable developer, you are protected if construction gets delayed or, even worse, cancelled. Right? Well, all too often, ...

Continue reading How to Nail Down your Developer