Archives for July 2008
July 1st, 2008
On 1st July, the EU Savings Tax Directive turned three years old. Also on 1st July, the withholding tax rate applied under the terms of the Directive jumped from 15% to 20% - an unwelcome reminder that keeping savings offshore is no longer effective tax planning. At ...
Continue reading Offshore Tax Rate Rises
July 2nd, 2008
Buyers of illegal homes in Catral, Valencia, have high hopes for the future thanks to the AECU. As homeowners on the Costa Blanca face bills for infrastructure, a consumer’s association has stepped in to save the day. Torrevieja-based consumers’ association AECU has launched a bid to force the builders of 1,300 illegal ...
Continue reading New Hope For Buyers in Spain
July 1st, 2008
Last year, a Property Pulse subscriber sold an old town house in the Valencia region. Some time later, she was contacted by the estate agent, saying that the new owner had recently discovered that the beams in one of the bedrooms were rotten. He had spent money ...
Continue reading Vicios Ocultos in Spain
July 3rd, 2008
In a move that some have described as revolutionary for golf-happy Spain, the regional government of Andalusia recently approved a sweeping new law restricting the development of golf courses. The regulations, approved in February after months of heated debate, dramatically limit the number of houses that a developer can build around ...
Continue reading Andalucia Limits Golf Development
July 4th, 2008
The provincial government in the Costa Blanca is changing the law because it claims elderly people who have made their home in the region are placing too high a burden on the health system. The move has prompted fury in the expatriate community on the Mediterranean coast. It feels it ...
Continue reading British Expats Medical Burden in Spain
July 7th, 2008
There is an end in sight for the problems in the Spanish property market, experts have predicted. Spain has been hit hard by the credit crunch and house prices have fallen in many parts of the country. However, the country's housing minister Beatriz Corredor this week gave an optimistic assessment of the ...
Continue reading Spanish Property Market Recovery?
July 9th, 2008
British consumers are still keen to buy property in Spain, even if the current market conditions are forcing them to delay their purchase, an industry expert has said. Mark Stucklin of Spanish Property Insight explained that there was still demand for property in Spain from people in the UK and some ...
Continue reading Do Brits Still Want Property in Spain?
July 8th, 2008
According to a recent study by Currencies Direct, Spain continues to top the list of retirement hotspots for Brits who actually want to enjoy some sun in their sunset years. And it’s not hard to see why. But Spain’s allure is not limited to pensioners. Indeed, it consistently ranks as ...
Continue reading Ten Reasons for Moving to Spain
July 2nd, 2008
Now that there’s detailed Spanish house price information on Kyero.com, we’ve taken the opportunity to streamline the pdf version of the Kyero.com Spanish House Price Index. As you can see from the image above, it’s just 3 pages in length now – but there’s no shortage of information in there. ...
Continue reading New Spanish House Price Index Q2, 2008
July 10th, 2008
A bit of good news for once. The Spanish property sector has made some progress towards cleaning up its act, according to the latest bi-annual report on real estate sector transparency published by Jones Lang LaSalle, an international property consultancy. In the 2008 edition of Jones Lang LaSalle’s Global Real Estate ...
Continue reading Spain Property Market More Transparent
