This is an article by Raymundo Larraín Nesbitt, Lawyer – Abogado, about the most significant fiscal changes in Spain already into force in 2013. Additionally to the list of Mr Larraín, we must mention that there is a special 3% tax on property ownership through foreign companies that still into force, but the Government will revise to encourage overseas buyer and investors. It would b
The recuperation of the Spanish housing market will be very tied to the progress of the Spanish economy in upcoming years. The most recent facts from UN (United Nations) predict growth of the economy in 2014 but in 2013 it will continue dropping. The Spanish economy will acquire 1.4% in 2013 and it will grow 0.8% in 2014, according to the report “Situation and Prospects of the World Economic
The negotiation margin between buyers and sellers in each transaction is a world apart. There are many factors involved and currently the urgency for selling and the urgency for wanting to get a good deal is one of them. Due to the fall of home prices, the distance between spanish property buyers and sellers continues being significant, which is delaying the clearing out of the Spanish
Stats about Spanish property prices never stop coming from one source or another. All of them are predictions but all of them agree that prices have dropped… and there is still room to drop even further on average. In 2011 the average property prices fall in Spain was 11.3%. Spain, according to the data that the magazine “The Economist” handles, is the first world country where ho
Homes today are worth 11.3% less than a year ago and 25% less than 3 years ago. The valuations of homes that were made in the last month of the year testified to this. Tinsa, the top appraiser of the country in number of valuations, confirms the roller coaster ride that the price of flats, the main assets of Spanish families, is being thrown into at length in their latest monthly report of 2012.
Should I pay a Finder's Fee (FF) to source a Spanish property investment? Well, that is a good question now, given that the Spanish property market is supposed to be a buyer's market instead of a seller's market, as it is now in London, for example. To find the right property is a very hard job that requires skills, contacts and lots of time. Any professional agent and/or property finder should
The average price for new housing in the capitals of province has gone down a 6,9% in 2012, situating itself in 2,212 Euros per square metre, so an average flat of 90 square metres would have a price of 199.100 euros at the present moment, according to a report by the Property Valuation Society. Since the value of new housing reached its highest point, in 2007, their price accumulates an
Banks have a unique status in our society. Powerful, and able to drive the economy, they seem heartless and ready to put profit above any moral or human principle. Why not just say this when it seems to be a generally held view? They were vital in the good times when people needed money to fund projects – to buy a house, for example – but in recent years, with the economic crisis hi