property transactions
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
June 15th, 2007
Some alarming things have been written about the Spanish property market in recent articles like ‘Survive the Costa property crash’ (Sunday Times, April 29), ‘Costas house price crash’ (Times, April 27), ‘Euro helps topple Spanish property’ (Telegraph 25 April), and ‘Spanish property boom ends’ (Financial Times, April 24). Based on ...
Continue reading Misleading reports hide the real picture of the property market
June 28th, 2007
A new breed of Costa con man is preying on gullible sellers, stealing money and even houses, reports Mark Stucklin. These are testing times for Britons with property to sell in Spain. There is a glut of homes on the market; properties are taking longer to sell, and prices in many ...
Continue reading Beware of Buyers who Flash the Cash
July 13th, 2007
50% of Spain’s capital investment is in property, which is also responsible for half of all new jobs and a significant contributor to Spanish GDP. The continued inflation of house prices has put a home in Spain beyond the reach of many foreign and national buyers just when more ...
Continue reading Spanish Government in a Pickle
July 20th, 2007
This report aims to provide a snapshot of the current state of the Spanish property market, from an independent, and non-sales perspective. To this end it reviews the Spanish government’s latest figures on the performance of the Spanish real estate market, and contrasts these with observations and anecdotal evidence from ...
Continue reading Spanish Property Market Q1 2007
November 27th, 2007
I had to laugh. Just back from Las Vegas and I find that the Spanish are to build their own rival in Aragon. The climate will be a little different from Nevada though - Most of Aragon enjoys decidedly seasonal weather. We receive more and more questions about property prices ...
Continue reading Size Matters
January 14th, 2008
Question: Is the property market in decline on Golf del Sur, in San Miguel, Tenerife and if so by how much? What are the rental yeilds for a 3 bed villa on 2nd line? Answer: Here's our price comparison chart for Golf del Sur, and for Tenerife. Although we've been recording the ...
Continue reading Tenerife Price Trends
February 5th, 2008
Did you watch Panorama on BBC1 last night? Reporting on irregularities in house pricing, overvaluation and buy-to-let mortgage scams in the UK, the programme could just as easily have been made about Spain, or Turkey or Bulgaria or .. We know that any unregulated market which deals in high-value items ...
Continue reading The Best Estate Agents in Spain
March 25th, 2008
After writing about the decline of foreign property transactions, I got my wrists slapped by Luisa at Mirodali Properties. She quite rightly pointed out that, by combining sales figures for new-build properties and resales, I had (unintentionally) distorted the actual growth rates for each province. This is because a new-build property essentially ...
Continue reading Lies, Damned Lies and Statistics
April 29th, 2008
Hats off to the developers and promotors in Catalunya for coming up with real-world solutions for the current property market. Reducing off-plan prices by 40% seems like a sensible move to me. I do hope the G14 developers and promotors are sitting-up and taking notes. Although the ACd'EI web site is ...
Continue reading Economic Growth in Spain
