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February 3, 2021 No Comments

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 […]


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June 1, 2020 No Comments

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 […]


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May 25, 2020 No Comments

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 […]


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May 21, 2020 No Comments

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 […]


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April 29, 2020 No Comments

The Government Hopes to Complete The Entire De-escalation by the End of June


Posted by OTHRADMIN in News

Spain has opted for a different route to relax the COVID-19 lockdown from other European partners such as France or Italy. The Spanish programme for de-escalation, which is officially called “plan for the transition to a new normal,” will ultimately not have precise dates for the reopening of shops, beaches or bars, as in other nearby countries. But it does have a very important one: the executive wants to have all the de-escalated completed in eight weeks, at the end of June, according to the President of the Government, Pedro Sánchez. The government hopes to reach the “new normal” then, […]


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April 16, 2020 No Comments

Real Estate Investment Plummets 75% In March 2020 Due To Covid-19 Uncertainty


Posted by OTHRADMIN in News

In March, only 841 million euros of real estate transactions were completed, compared to the 3,400M registered in March of last year. The coronavirus crisis has dealt a severe blow to the Spanish real estate market – a market that until just a few weeks ago, was the focus of the attention of many investors due to the enormous liquidity in the market. Last year all records regarding real estate investment were broken after sales reached 35,000 million euros, but the declaration of a state of alarm on March 15th has caused a dramatic slowdown in operations and real estate […]


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