Santa Pola (Alicante), 3 bedrooms, 3 bathrooms, Built area 254 m2, Swimming-pool, €390,000

...continue reading "Modern 3 Bedroom House for Sale in Santa Pola (Alicante)"
Spain Real Estate News
The United Kingdom's exit from the European Union is a terrible piece of news for the Costa del Sol, where the British are its biggest and most important customers, and also some of the highest spenders. From now on there are just unknowns and a lot of nervousness.
Last week, the president of the CEA (Andalusian Employers' Association), Javier González de Lara, warned that Britain leaving the European Union would have serious consequences for the Spanish economy, with tourism, although not just tourism, being the main loser.
Since the referendum there's been a 10% fall in the value of the British Pound. This means that Britons' holidays in Spain have become more expensive overnight as, although the Euro has also fallen, it hasn't done so as much as the Pound. This will mean less tourists will visit and less buying power for those that still come. The current average daily spend by the British is 105 euros, higher than the Germans (101 euros) and the French (80 euros).
...continue reading "The effect of Brexit on the Costa del Sol"
1. Holiday rental villa in Benissa (Alicante)
2 bedrooms, 1 bathroom, Area Lot 800m2, Built area 100m2, Swimming-pool, Seaside Resort, In Urban Area, 425 €/week
4 bedrooms, 3 bathrooms, Lot 13,820 sqm, Swimming-pool, Furnished
A well-designed, recently built country house with stunning views across the valley over the lake towards the mountains beyond. The house sits roughly in the middle of its almost 14,000 sqm of mature gardens and highly fertile citrus, olive and almond groves and, although private, is not isolated.

...continue reading "For Sale: Country Villa in Lecrín, Granada"
The historic apartment is located in the Eixample district of Barcelona, and features a number of decorative floors dating back to the early 20th century.

...continue reading "Apartment Refurbishment in Barcelona by Narch"
It seems rather ironic that a tax which is linked with the property market should have shot up during the years when the construction industry has been at a virtual standstill,
but that is the case with the ‘plusvalía’, which is a municipal capital gains tax charged on the increase in value of the land when a property changes hands. This tax has become a veritable gold mine for town halls in the province of Málaga.
The ‘Impuesto sobre el Incremento del Valor de los Terrenos de Naturaleza Urbana (IVTNU)’, to give it its proper name, is levied on the increased value of a property when it is sold, compared with its value when it was bought. When a property is sold to somebody else, the tax is paid by the vendor. If it is inherited or given as a gift, the person acquiring it pays the tax.
The increase in revenue from this source began in 2013 and has continued: figures from the Provincial Revenue Board and the five local authorities who are not part of the organisation (Málaga, Fuengirola, Mijas, Benalmádena and Alhaurín el Grande) show that in 2015 the total amount raised was around 135.7 million euros, compared with 99.8 in 2014 and 80.3 million the previous year.
...continue reading "The ‘plusvalía’ has become a gold mine for town halls in Málaga province"