Archives for March 2007

March 30th, 2007

With more and more Britons looking to buy a property overseas as an investment, flying to let has reached mainstream appeal. Not content with only using a second property as a holiday home twice a year, property buyers are looking to see returns on their investments both through capital gain ...

Continue reading Buying a successful fly to let property

March 29th, 2007

Europa Mortgages, an independent broker, based in Malaga, Spain, is now working with an expanded panel of lenders, now offering a range of interest only mortgages in Spain Several years of rising property prices in Spain, combined with recent rises in the Euribor rate, has made obtaining a mortgage in Spain ...

Continue reading Interest-only galvanises Spanish mortgage market

March 28th, 2007

The European Estate Agents Union is warning homebuyers in Spain to double check their property has planning permission before they buy a new home. It follows an investigation by the EEAU into several companies working in the Albox region of Spain and the expulsion of one company from the organisation. The EEAU ...

Continue reading EEAU Warns Homebuyers

March 27th, 2007

The latest Quarterly Savings Survey from National Savings & Investment indicates that one in four UK first time buyers would buy overseas to save up for a house in the UK. The Quarterly Savings Survey asked more than 1,000 people who do not own or are not currently buying their own ...

Continue reading Quarter of UK First Time Buyers Want to Buy Overseas

March 21st, 2007

An estimated 3,000 estate agents in Malaga will go out of business this year, according to Spain’s Professional Real Estate Agents Association. Óscar Martínez, president of the trade body, told the Opinion de Málaga newspaper that there are now more than 10,600 real estate agents across the province. However, higher prices ...

Continue reading 3,000 Costa del Sol Agents Face Closure Threat

March 20th, 2007

Northern Spain is becoming increasingly popular with expatriates in search of real Spanish life and a haven away from the hectic Costas. It has long been a popular destination for Spanish tourists but certain parts of Northern Spain suffered something of a population drain until recently when the charm and ...

Continue reading Property Hotspots of Northern Spain

March 16th, 2007

Foreign real estate investment in the Valencian region has fallen by a thousand million euros since high profile protests about ‘land grab’ laws began in the region, according to a recent study by the Bank of Spain. Brenda Waddington of Spanish agent Rusticasa told the OPP that: “There has been an ...

Continue reading Land Grab Costs Valencia €1Bn

March 9th, 2007

Barclays is trying to increase the amount of business it does with intermediaries with the launch of a website designed to help advisers conduct overseas mortgage business. The company claims the website is the first to provide the intermediary market with bespoke online tools to advise its clients on the overseas ...

Continue reading Barclays targets overseas mortgages at IFAs

March 8th, 2007

Property expert Mark Stucklin analyses the state of the Spanish property market. Foreign investment in Spanish property hasn’t lived up to the optimistic forecasts of just a few years ago, when ‘experts’ predicted that Britons and other Europeans would increase spending every year. In reality, foreign investment in Spanish real estate has ...

Continue reading Is Spain Europe’s California?

March 7th, 2007

An estimated 75,000 UK pensioners currently live permanently in Spain and Bank of Scotland International is warning them of the Inheritance Tax implications of living abroad. Some will have given up their UK domicile and will be subject to Spanish inheritance tax on all assets. Under Spanish law, if a property ...

Continue reading Brits in Spain could face IHT Pain

March 5th, 2007

You have scoured all the brochures, visited countless properties and you have at last found your dream home. You now think that the decision making process is almost over and all you have to decide is what colour to paint the walls and the style of furniture you want in ...

Continue reading Financing Your Spanish Property Purchase