Archives for June 2007
June 14th, 2007
The sandy Atlantic shore of the Costa de la Luz (Coast of Light) is a world apart from the more commercialized Mediterranean coastline and is a great favourite with the Spanish. Stretching from Gibraltar to the Algarve border, restrictions on development have meant that some of the finest beaches in ...
Continue reading Costa de la Luz – Best Kept Secret
June 13th, 2007
People who wish to take advantage of the amnesty have until 22 June to notify HMRC of their intention to make a disclosure of all irregularities, not just those connected with an offshore account. In doing so, they will receive a fixed penalty of 10% of the tax/duty to ...
Continue reading Amnesty in Focus
June 12th, 2007
Principal private residences could save cash. If buyers nominate a Spanish home as their principal private residence before a sale, they could escape substantial tax liability. Buyers would have to lodge a private residence relief “election” with HM Revenue & Customs within two years of buying a new ...
Continue reading Favourable Spanish Tax Law
June 11th, 2007
There’s a new Price Index tab on every property page on Kyero.com - it does what you’d expect it to do. Now, whenever you’re browsing properties in Spain, you can quickly see how property prices have trended over the past two years compared to the national trend. Of course we’re using the ...
Continue reading One Click House Price Index
June 11th, 2007
One of Spain’s largest providers of non-resident mortgages has stopped accepting applications after police raided a mortgage broker accused of providing it with false documents. Caja Mediterraneo (CAM Bank) has instructed its branches to ignore non-resident applications until the authorities finish investigating the actions of the Costa Blanca-based broker. The move ...
Continue reading Police investigation hits Spanish property
June 8th, 2007
As baby boomers hit 60 years of age – which is now being described as the new 40 – they still want to enjoy life to the full. This may not always be the case if finances don’t allow. True, many of today’s baby boomers are asset rich in that ...
Continue reading Asset Rich – Cash Poor
June 7th, 2007
Spain’s big expatriate population should be on safer ground when buying all forms of insurance from mid-summer. The Spanish government has declared July 18 2007 as the deadline by which insurance brokers must conform to Europe-wide business standards. A European Union directive requires sales staff describing themselves as “brokers” to sell a ...
Continue reading Finding safe ground in Spain
June 6th, 2007
Eagerly anticipated, ‘The Village’ is an exciting new property development within the spectacular Valle Romano resort in Estepona, Spain, it is rapidly becoming the most sought-after destination for sports stars around the globe. The Village continues to be one of the most talked about and distinctive real estate developments on ...
Continue reading Celebrity Launch of Valle Romano in Estepona
June 5th, 2007
Spanish agents are indignant and disappointed at the coverage of the Spanish property market on Tonight shown on ITV on June 1. But the auctioneer featured in the programme praised it for its balanced portrayal of what’s happening in the Costa Del Sol. Programme presenter Jonathan Maitland began ‘The Pain In ...
Continue reading ITV's Tonight Show Piles More Misery on Spain
June 5th, 2007
People who buy property in Spain have to apply for a fiscal identification number known as a Número de Identificación de Extranjero (NIE). All foreigners who own a property in Spain need a NIE, which identifies them to the Spanish tax authority (Hacienda), and is required for paying taxes ...
Continue reading New Fiscal Identification Regulations
June 1st, 2007
With its desert scrubland and mountain landscape, it’s easy to see why Almería in southeastern Spain has graced the silver screens as the setting for spaghetti westerns. Europe’s only desert region was once one of Spain’s poorest areas until a fistful of dollars revamped the infrastructure in the 1990s, prompting ...
Continue reading Almeria – Rich harvest in the desert
