Blogs

March 11, 2021

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Can You Afford to Retire to Spain?

Posted by OTHRADMIN in Advice

Lingering over afternoon drinks in balmy Barcelona or enjoying a delicious paella on a warm summer evening on the Costa Blanca, with the Mediterranean sparkling in the background – Spain’s beach resorts have a lot to offer. Most Brits are familiar with Spain as a holiday resort, and may think the prices are generally on par with the UK, but did you know that living in the country is probably much more affordable than you think? It is not always easy to get an accurate perception of a country while on holiday. But a full-time lifestyle in Spain is healthy, […]

March 4, 2021

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Applying For A Spanish Mortgage: Guide 2021

Posted by OTHRADMIN in Financial

If you want to buy real estate in Spain but need financial help with a mortgage, read this guide to discover your options. It’s important to know the basics of applying for a mortgage and how much you can borrow, before starting your property search. Why Buy Now Pre-COVID, Spain’s property market had finally picked up after a prolonged slump following the 2008 financial crash. Although prices were not at the ridiculously high levels of 2007, they were finally back to as they were in 2003. However, due to dismal sales related to COVID-19, prices have adjusted, and you […]

March 3, 2021

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Javea’s Property Market: Year by Year

Posted by OTHRADMIN in Financial

The Spanish property market has proved to be very cyclical over the past decades, as trends seem to reoccur in cycles. Here we look at property market fluctuations from 2007 until 2022. Real Estate Boom 2007 The biggest boom in the Spanish property market cultivated enormous attention due to the sheer magnitude of the rise in house prices; at the end of 2007, real estate prices across Spain were nearly 200% higher than just a decade before. Experts now believe the skyward spiral of housing prices was triggered by some unique economic and social factors and investors’ risky practices in […]

February 23, 2021

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Are Property Prices Falling in Spain After COVID?

Posted by OTHRADMIN in Financial

If you’re wondering if property prices are falling in Spain due to COVID-19, and if now is a good time to buy property in Spain, the short answer is YES. The COVID-19 pandemic is seriously affecting economic activity globally, and the real estate sector has not escaped the effects, although it is not as seriously affected as some business sectors. However, despite the seriousness of the health crisis and the great uncertainty about how the pandemic will evolve, it is essential to note that Spain’s real estate sector is supported by a much more robust foundation than when the property […]

February 22, 2021

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How to Buy a Property In Spain In 2021 Without Visiting the Country

Posted by OTHRADMIN in Buying Property

COVID-19 travel restrictions have caused tremendous difficulties for people worldwide, with many plans for holidays, gap years, and overseas property purchases now on hold. If you were planning on buying a Spanish property in 2020, or 2021, you might think it is currently impossible due to border controls, lockdowns, and strict quarantine regulations. However, even before the pandemic, there are various reasons a buyer might not be able to travel to purchase, and in this article, we’ll take a look at ways around this problem. If you have decided to purchase a property in Spain and are at the start […]

February 3, 2021

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Why Moving To Spain Is Still A Good Idea

Posted by OTHRADMIN in News

Despite the current pandemic and the Brexit fallout, Spain is still the number one destination for buying property abroad in the UK. According to Engel & Völkers Spain has reported a total of 2,624 sales transactions worth just over €1,600 million In 2020, with a 2.6% increase in the average price of property sold rising to €611,071. They also highlighted an increase of 11.5% for its rental division completing 3,181 contracts with an average of €1,923 per annum – achieving a total of €73.4 million. (source: Property Investor Today) And this January Taylor Wimpey have reported a demand for second […]

June 1, 2020

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The Valencian Community Enters Phase 2 Of De-escalation: What We Can and Can’t Do

Posted by OTHRADMIN in News

With the Valencian community entering phase 2 of de-escalation today on Monday the 1st of June, several restrictions are lifted or relaxed. These include the end of exercise slots, which is a great relief for a large part of the population. However, phase 2 exercise slots continue for over 70s and vulnerable people, who shall keep the slots of 10.00 to 12.00 hours and from 19.00 to 20.00 hours. Other citizens are asked to respect this rule and schedule their exercise at different times during the day. As well as the end of exercise slots, the following changes apply: Bars […]

May 25, 2020

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Spain wants to make deals with other EU countries to restart tourism in July

Posted by OTHRADMIN in News

During his weekly televised press conference Spanish Prime Minister Pedro Sánchez said on Saturday that Spain will reopen to overseas tourists by July. He failed to add the specific date that this could happen, or the requirements in place before visitors can enter the country. He simply said “safety conditions.” must be in place. As a result, the restart of tourism, one of the critical drivers of Spain’s economy – will be reliant on deals with other countries to promote movement without putting travelers or destinations at risk from new COVID 19 infections. The Spanish government hopes the deals can […]

May 21, 2020

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Selling Your Property

Posted by OTHRADMIN in News

How Much Does It Cost To Sell A Property In Spain? If you are considering selling your Spanish property, we offer the following information to help ou avoid unexpected tax bills and other associated costs. Whether you are a resident or a non-resident selling a home in Spain, there are several taxes which you should take into consideration when calculating the financial result of the sale. Taxes Both residents and non-residents are liable to pay Capital Gains Tax. The amount payable depends on the increase in value of the property (the profit) during your time as owner. The rate […]

May 10, 2020

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Buying a Home in Spain as a Foreigner: Guide 2020

Posted by OTHRADMIN in Buying Property

Buying a house is a considerable investment that depends on a multitude of factors, and it can be a long and complicated process in any circumstance. When you also add the issue of buying a property in a foreign country, the difficulties can multiply very quickly. In Spain, however, buying a home as a foreigner is more accessible than in many other countries because, as foreign buyers have the same rights as a Spanish citizen, there are no restrictions. However, there are some valuable steps and tips to keep in mind when buying a home in Spain. Choose who will […]

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