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September 17, 2021 No Comments

What Is the Plusvalia Tax in Spain?


Posted by OTHRADMIN in Financial

If you are in the process of selling or thinking about selling a Spanish property, you’ll need to consider the Plusvalia tax. This is a local tax charged by town halls when a homeowner sells a property. The municipality will calculate how much plusvalia is due depending on the property’s rateable value and how many years have passed since the current seller bought the property. The name “plusvalia” translated means “plus value”. It applies only to the land on which the property is built rather than the property itself. So if when you bought the property, the land had a […]


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March 4, 2021 No Comments

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 […]


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March 3, 2021 No Comments

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 […]


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February 23, 2021 No Comments

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 […]


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April 29, 2020 No Comments

How Using the Foreign Currency Exchange Market Can Save You Thousands When Investing
in Spanish Property


Posted by OTHRADMIN in Financial

When you buy a Spanish property, you will highly likely be dealing in Euros (unless the buyer is from your home country and would like to sell in that currency, but that is a topic for another article). Many international buyers have their property purchasing funds in another currency, such as Pounds Sterling, Swiss francs, or US dollars. This means they must buy Euros in order to buy the property. Foreign currency exchange is an area where many lose money, as when buying Euros, you may end up paying far more than necessary if you are not knowledgeable about where […]


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April 20, 2020 No Comments

Costs To Maintain Your Costa Blanca Property Purchase


Posted by OTHRADMIN in Financial

Here we take a look at how much money it costs annually to own a house in Javea, from the most basic expenses to the optional expenditures, so you know what to expect when you buy your first home. Before buying a house for the first time, you have to consider many things. One of the most important are the costs of maintaining the home. In addition to fixed expenses such as mortgage, water, electricity, etc. There are other expenses that new buyers are not very aware of at the beginning. In this article we itemise how much it costs […]


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April 20, 2020 No Comments

Financing a Costa Blanca Property Purchase


Posted by OTHRADMIN in Financial

Before looking at Javea properties, it’s a good idea to establish exactly how much money you have to spend and how you will finance the purchase. There are several ways to finance buying a property in Javea. If you have the actual cash this is obviously ideal, as not only does it mean less paperwork, but it also puts you in a strong bargaining position to get a good deal on your desired property. If your available cash is in a currency other than the euro, you will need to be cautious regarding exchange rates. improving the rate you are […]


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