Deposits are less profitable than ever … and Spanish property is consolidated as the great investment alternative. The rise that the yields of deposits over two years had experienced in March to 0.17% from the previous 0.09% has been a month’s bloom. According to the latest data from Banco España, in April the average yield of these products fell back to 0.11%. Therefore, the expected recovery of returns from historical minimum levels will have to wait.
The average price of Spanish property rose by 5.6% year-on-year in the second quarter of the year, according to the Index of Prices (IPV) prepared by INE. With this data, prices have been up 13 consecutive quarters since the second quarter of 2014, leaving behind almost six consecutive years of declines since they began to fall in the second quarter of 2008.
Spanish taxes have caught many of you by surprise… We started in 2016 with a surprise: the Community of Madrid and Andalusia wanted to recovered the ITP from the rent, a Spanish tax that had never been charged despite having been contemplated in the law since 1993. We later learned that the Treasury would begin to demand payment of the tax (AJD) whenever any of the conditions of the mortgage were changed and that Catalonia would punish with a new tribute to all those entities that maintained unoccupied floors for more than two years in areas of high demand. Read more »
Spanish homes on average consume twice the energy they need by the lack of good guidance and faults in the design of the isolation or the materials used. On the other hand, the energy used on Spanish homes, accounts for 20% of the electricity consumed in Spain, according to data provided by Danosa, a specialist in sustainable construction company.
Based on the UN’s sustainable development goals as guideposts, Spain rated number 7 worldwide top 30 country’s list.
Used Spanish property will not go lower Real estate experts said. The Professional Association of Real Estate Experts (AOSIS) ensures that the price of second – hand Spanish property “will not go lower” and that the trend will be to “stay at the same level or even increase , “especially in areas where housing is scarce since “there is very little new construction” According to the president’s association opinion, this is a good time to buy a home in Spain. Read more »
Due to the recent results from the Brexit, people are searching for emigration information, meanwhile on Twitter nearly every trending topic is related to Brexit
The fallout from the UK’s vote to leave the European Union has been thrown into sharp relief by a surge in Google searches about emigration and dual nationality. Read more »
Like Dinosaurs, 100% mortgages in Spain are endangered of extinction… Scientist and teachers said that dinosaurs were awesome creatures, running wild and in control of the entire world, until a meteor hit the earth and change the course of history and produced their extinction. That was, according to mythology, the cause of its extinction.
As with dinosaur, the excesses of the housing bubble created the 100% mortgage in Spain, but as the real estate market is turning quickly, soon the 100% mortgages in Spain, will also be something of the past… Some Spanish banks still use the slogan 100% mortgages to attract clients but very few ever get 100% financing and if they do it under harsh conditions or even “cheating”. Read more »
British property investors set for a refund from Spanish banks. Read more »
Rent a Supercar in Puerto Banus Marbella. Smart Xcape is proud to offer our customers and friends a new service to complete the ample umbrella of services already in place. How would you like to drive a Lamborghini, Ferrari, Aston Martin or Bentley while you are on holiday in Marbella? Read more »
Marbella Town Hall to give up 11 Million Euros, due to the cancellation of land-use planning in Marbella (PGOU). This situation has caused considerable economic loss in the municipal coffers. As a result of the rulings in November last year left on paper wet urban standard approved in 2010, the Marbella Town Hall has been forced to waive payment of that amount reflected in settlements that had already been recorded and have now had to be annulled. Read more »
International property investment funds continue to see good investment opportunities in Spain, particularly with assets that the banks have. Its main objectives are to achieve double-digit returns in the office market, retail or residential. While now it costs them ‘give everything’ for the purchase of residential land and promote housing, but they see it as an investment with a future. Read more »