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Published on Leave a comment on The ‘Golden Visa’ and its effects over the Spanish Property Market

The 'Golden Visa' system now operating in Spain has prompted a 2,500 per cent increase in interest from Middle Eastern buyers in the year to date, compared with the same period in 2012.

home in Marbella 300x225 - The 'Golden Visa' and its effects over the Spanish Property MarketSince October 1 2013, any non-EU national coming to Spain with more than €500,000 to invest has been automatically granted a residency permit, which has resulted in increased interest not only from the Middle East, but also from Asia and Russia.

The low property prices in Spain, which suffered from a glut of unsellable property during the credit crisis and high levels of repossessions, combined with the ability to secure EU residency has boosted tourism in recent months as potential buyers flock to the country to find their perfect property.

More than eight million people visited Spain in August alone, according to the Spanish tourism ministry, with Russians flocking in their thousands – between January and July this year, the number of Russian visitors rose by 30 per cent to 838,876.
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Published on Leave a comment on Price review makes buying Spanish property more taxing

Approximately one million Britons live in Spain permanently or maintain holiday homes there.

The worst effects of the global recession have seen property prices plummet, representing a golden opportunity to pick up relative bargains. For those unable to sell, it provides a significant headache.

homes in Spain 300x199 - Price review makes buying Spanish property more taxingFewer and cheaper sales not only spell bad news for owners and vendors - they have also caused concern on the part of Spain’s tax authorities, which have seen their take decrease due to the slowdown in the property market.

In order to reverse the situation, tax officials have taken more proactive steps, resulting in an increase in reviews of sale prices and the transfer taxes paid when properties are bought. It’s a step that can have consequences for buyers a number of years after ownership of the homes in question has changed hands.

This price review is a valid long-standing tax measure under Spanish property law. However, it is not necessarily apparent or brought to the attention of those eager to start life overseas.

When recession struck, the amount of transfer tax – called impuesto de transmisiones patrimoniales (ITP) – pouring into official coffers decreased significantly owing to the reduced number of sales and/or lower prices.

Under the terms of the Spanish law Ley del Impuesto sobre Transmisiones Patrimoniales y Actos Jurídicos Documentados, enacted in 1993, regional tax authorities have powers to examine all property purchases in order to ensure that the correct amount of ITP is paid by the buyer.
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Published on 2 Comments on Outstanding Villa for Sale in Madrid

8 bedrooms, Area Lot 2,627m2, Built area 1,050m2, Second Hand
Stunning newly built villa in the best area of the Moraleja (Madrid)

Very open main floor with interconnecting voids and the garden to ease outdoor life and the possibility of meetings. Large living / dining room of 140 m2 dining room connected to the office and the kitchen (70 m2). Hallway with lift and complimentary toiletries. Departure from the kitchen to the summer dining in the garden.

On first floor - A master suite with 130 m2 living room, bedroom with large dressing room, office with sleeping and bathroom TV. Junior Suite of 70 m2 with bathroom.On the second floor are two large double bedrooms of 50 m2 with bathroom and balcony with a view to the development.

In the basement enjoys several pieces such as cinema / tv / music acoustically conditioned 50 m2 (as estimated by engineer) for optimum sound like cinema or concert hall. Delivered with 3 meter screen and pre-installation 5. 1 and 7. 1. Gymnasium. Guest room with bathroom. Service apartment for two people with kitchen, living area, bedroom and bathroom. Laundry room and separate plate.

Outside - Large garden with landscape designs and installation of automatic sprinklers and music. Porch 50 m2 living room with doors open to motorized. Pool with underfloor air conditioning by taking advantage of geothermal energy.

1014268 4343018 1 - Outstanding Villa for Sale in Madrid
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Published on Leave a comment on Beautiful detached villa for sale in Marbella (Málaga)

6 bedrooms, Area Lot 1,579m2, Built area 841m2, Area useful 428m2, Area terrace 190m2, Swimming-pool, 1st Row from the Sea, Brand New, Luxury property, In Urban Area

Absolutely exceptional, this beachfront mansion is located in the prestigious and popular area of Los Monteros, in the part East of Marbella  (Málaga) close to the luxury beach club. The property has private, direct access to the beach. Completed in 2011, used materials and first quality specifications, with an exquisite taste for detail. Access to housing, we find a large lounge with a separate dining room and a pleasant seating on two levels. On the outside of the living room and dining area unfolds a fabulous covered terrace with fireplace that opens to the garden and the pool, extending several meters into the sand from the beach. The garden has a great area to lounge outside, ideal for reading and relaxation mode. To the right of the entrance hall is the kitchen design, fully fitted and equipped with countertops Silestone, central island and appliances Bosch, with access to the laundry room and service area. The kitchen looks out onto a terrace and garden. Service area with a bedroom, a bathroom and its own independent access. A toilet for guests and three bedrooms with en-suite bathrooms complete the distribution of the main floor. On the top floor we find a guest suite and master suite with dressing room and bathroom. Both bedrooms share a nice terrace with views to the pool, garden and sea. The rooms are separated by elegant sliding doors and inner courtyards bring brightness and spaciousness to the interior of the House. The entire House has staggered boards and polished concrete floors. Windows with carpentry of aluminium and double acristalamient. Garden with lawn type.

To see more details of this villa click here.

982453 1822996 1 - Beautiful detached villa for sale in Marbella (Málaga)
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Published on 13 Comments on Marvelous Apartment for Sale in Estepona (Málaga)

2 bedrooms, 2 bathrooms, Built area 170m2, Swimming-pool, Second Hand, Estepona, Málaga

This development presents itself as an indisputable expressión of "exclusivity". A luxury alternative of the highest standard 46353 897935 foto 3 300x212 - Marvelous Apartment for Sale in Estepona (Málaga)in quality, security and services. A careful selection of owners one of the main keys to this paradise away from the cliches of the Costa del Sol. It is comprised of 7 buildings, 85 apartments, penthouses and deluxe duplex penthouses, unique due to the location and high spec finishes, maximum quality the whole in every detail.

On front-line exclusive beach but without renouncing the commodities of being in town and adjacent to the beach Playa del Cristo well known for luminous mornings and divine sunsets.

It is situated right on the shore-line of the blue Mediterranean orientated to the magical straits of Gibraltar which separate Europe and Africa. Comprising 85 comfortable apartments in seven elegant buildings following Neoclassical architecture in pure white, embracing the Mediterranean heart in form of its winding gardens, fountains, plazas, walk-ways and promenade.
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