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Are property owners complying with the new holiday rentals legislation?

SpainHouses.netSeptember 19, 2016September 26, 2016Leave a comment

The regional government’s new legislation concerning holiday rentals states that owners who are renting their properties to tourists are now obliged to register the property with the Andalusian tourist registry.

The Junta de Andalucía estimates that around 80,000 private homes with some 400,000 beds are offered as tourist rentals in the region, and this new law is intended to bring to light illegal practices and unfair competition.

The legislation has received the thumbs-up from the local hotel sector, but some property owners claim they have been forced to stop offering their properties for short-term rentals, because they simply cannot afford to comply with the conditions.

Owners who fail to comply with the new regulations could face fines of up to €150,000 and they could also have their properties removed from the registry, but are the proprietors of potential holiday apartments complying with these new rules?
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The ongoing love affair between Kuwait and Marbella 1

SpainHouses.netSeptember 12, 2016September 12, 20161 Comment

Ever since the late King Fahd decided to build a complex of five palaces and a number of mansions on the exclusive Golden Mile during the 1980s, Marbella’s image has been associated with the excesses of the Saudis.

Fahd’s building spree followed a successful visit to the ritzy Incosol Hotel In 1979 when he was still Crown Prince, prompting him to choose this corner of Andalusia over the South of France for his summer residence.

But while his presence and that of his extraordinarily extravagant entourage might have made the biggest splash, his Kuwaiti neighbors had already blazed the trail, investing their petrodollars in property and starting a love affair with Marbella that has lasted 40 years.
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Sun Shining on Spanish Property Sales

SpainHouses.netSeptember 5, 2016April 2, 2020Leave a comment

Property pundits have been concerned that sales of newly built Spanish homes appear to be low, contradicting the notion that a solid recovery is in full swing. In fact all the evidence shows the new developments from Madrid to Alicante, and from Marbella to Mallorca are selling very well.

So why isn’t this translating into official figures? The reason is that home sales won’t be entered into the property register until they are fully built and have habitation certificates, meaning we can take these seemingly low sales figures with a pinch of salt.

On to the wider sales market, which includes second-hand homes, and the latest figures from the National Institute of Statistics show strong growth across key regions including the Costa Blanca, Costa del Sol, Murcia, Balearic Islands, and the cosmopolitan centres of Madrid and Barcelona.
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7 Country Houses For Sale in Cantabria, Spain

SpainHouses.netAugust 29, 2016August 29, 2016Leave a comment

1. Chalet for sale in Piélagos: 2 bedrooms, 1 bathroom, €134,500

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Award-winning sustainable residential complex offers affordable, energy-efficient homes 1

SpainHouses.netAugust 22, 2016August 22, 20161 Comment

The only residential complex in Europe to be given an LEED Platinum certificate, one of the most prestigious sustainable building certifications in the world, is in the Madrid dormitory town of Tres Cantos.

In June, the USGBCI (US Green Building Council Institute) awarded the cooperative of developers behind the project, Arroyo Bodonal, with the international diploma, recognizing its ecological credentials and ushering it into a club of 21 Spanish buildings with LEED certification, including properties owned by multinationals such as Zara, Repsol and Iberdrola, as well as several public buildings and universities.

Consisting of 80 resource-efficient apartments, Arroyo Bodonal was begun 13 years ago and is now inhabited by 225 people, mostly in the 33 to 43 age bracket, who have paid between €127,000 and €350,000 for a home there.

Modestly priced, the project has succeeded in exploding some of the myths surrounding sustainable construction, while reopening the debate over whether building green homes is a viable option in Spain.
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Spain’s housing market continues to show steady signs of recovery

SpainHouses.netAugust 8, 2016August 8, 2016Leave a comment

Eight years after Spain’s property market crashed, house sales continue to increase, with a three-year high registered in June as some 36,856 homes changed hands, up 19.5% from the same month in June 2015.

Building on the growth seen in April and May, sales for the first half of 2016 were the best since 2010.

However, growth is largely restricted to five major cities and their surrounding areas: Madrid, Barcelona, Alicante, Malaga and Valencia. Total sales for the first half of the year were 207,593.

Residential construction is partly driven by foreign investment, which is pouring into developments in Madrid and Barcelona; a jump in building permits points to more growth to come. Construction and real estate accounted for more than a third of the nearly €22 billion ($24 billion) of foreign investment in Spain in 2015, Economy Ministry data shows.
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Brexit has not affected property sales so far, say Costa del Sol real estate experts

SpainHouses.netAugust 1, 2016August 1, 2016Leave a comment

Is a weak pound and the uncertainty accompanying the Brexit vote having or likely to have an impact on the British demand for property in Spain?

While demand for property has been growing since 2013, a reversal is anticipated given that the market for UK buyers is driven by the strength of sterling.

It is also expected that the buying pond for British owners wishing to sell and return to the UK may also evaporate somewhat in the short term.

However this is not a view shared by those on the ground. Gary Oliver, sales director of Remax property agents, thinks not.

“We do expect some buyers may hold off to see what the coming weeks and months will bring but with little long term impact,” he says.
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Owners of holiday homes must give the police details of all clients who stay there

SpainHouses.netJuly 25, 2016July 25, 2016Leave a comment

Security is becoming increasingly important these days and the owners of more than 5,660 holiday homes in Malaga province who have registered their properties with the Junta de Andalucía are also required to provide the police with details of every client who stays in their property.

The Register of Tourist Accommodation in Andalucía has only recently come into force, and many owners of holiday accommodation may not be aware of this additional requirement. However, the governmental sub-delegate’s office in Malaga has confirmed that people who rent a property to tourists must pass on the identity details of the clients to the Citizen Participation Unit of the police force, just as the hotels have to do.
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Residential sales in Spain record highest growth since January 2013

SpainHouses.netJuly 18, 2016April 2, 2020Leave a comment

Residential property sales in Spain increased by 23.6% in May year on year, the highest figures since January 2013, the latest official figures show.

The figures from the National Statistics Institute also show that home sales have now increased year on year for four months in a row. However, sales did fall back slightly from the year on year figure of 29% recorded in April.

The second hand market and, to a lesser extent, sales of new homes, were responsible for the May increase, up by 26.7% and 12% year on year respectively.

The data also shows that in the first five months of the year home sales increased by 15.8% compared with the same period of 2015, with second hand homes up 21.9% but new house sales down 3.4% over the five months.

Month on month sales growth has slowed. Compared with April sales in May 2016 were up by 3.5% but this was the lowest increase registered in this month in the past five years.
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5 Vacation Homes to Rent in Cádiz Province

SpainHouses.netJuly 11, 2016July 11, 2016Leave a comment

1. Holiday rental terraced house in Alcaidesa (Cádiz): 3 bedrooms, 2 bathrooms, Built area 140 m2, Swimming-pool, 1st Row from the Sea, On golf course, €600/week

More details
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