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Category: Property (159 articles)

Three ways Spain’s recovering economy benefits you

As Spain's economy picks up, so do opportunities in work, property and socialising

The Spanish economy has begun to heal itself in recent months after spending a couple of years in the doldrums. Although unemployment rates remain above 24% (and are among the highest in Europe), job creation has increased faster than in most other eurozone nations…

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Author:Ian Clover 01/10/2014 [0] Comments 
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Spain’s property market stirs back into life

Interest in Spanish property is picking up, both domestically and among foreign buyers

What a difference two years makes. Now, it is never really wise to compare Daily Mail headlines with Financial Times ones, but a story published on the FT over the weekend struck a notable chord.

The FT reports that the town of Seseña, 35km south of Madrid, has begun to pique the interest of potential property buyers. This news is significant because back in 2012 Seseña stood for all that was wrong with Spanish property: incomplete, overpriced, empty and unnecessary. The never-to-be-inhabited overspill suburb of Madrid became the stick with which media outlets beat Spain’s property market…

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Author:Ian Clover 30/09/2014 [0] Comments 
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Spain forced to backpedal on unfair expat inheritance tax laws

The change in Spain's tax ruling could benefit thousands of Brits, even those who have already inherited

The European Court of Justice today ruled that Spain’s inheritance tax laws – which are currently higher for expats than they are for Spaniards – are discriminatory.

In a landmark ruling, the Court decided that Spanish authorities are not legally allowed to charge different rates of inheritance tax. The move could benefit thousands of British expat families that, previously, were subjected to higher tax rates on certain assets, such as inheritance or gifts of property…

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Author:Ian Clover 23/09/2014 [0] Comments 
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Spanish property prices post first sustained rise for six years

Last quarter, Spanish property was 0.6% more expensive than the same time last year

Property prices in Spain during the second quarter of the year rose year-on-year for the first time since 2008 as the country’s real estate market steadied further.

With property transactions having increased encouragingly over the past few months (rising by 24 per cent in July in Málaga province alone), it appears that the property market in Spain has turned a corner…

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Author:Ian Clover 17/09/2014 [0] Comments 
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July property sales up 24 per cent in Málaga province

Nueva Andalucía, Marbella, Málaga

Property transactions in Málaga in July were the highest since 2008.

The positive reports about the Spanish housing market just keep on coming. The latest one – published just yesterday by the INE (Spain’s National Statistics Institute) – shows that property sales in the province of Málaga, which includes the Costa del Sol, were up by a whopping 24 per cent in July when compared to figures for the same month last year, and streets ahead of the 10.7 per cent increase recorded nationally…

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Author:Carolyn Mowlem 12/09/2014 [0] Comments 
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Buying a property in Spain? This is one report you can't afford to miss!

Current Spanish property market statisticsPublished just last week on the Spanish Property Insight website, the ‘Latest Housing Market Figures in Detail’ report is truly essential reading that no one thinking of buying a property in Spain should miss out on. Packed with invaluable information, research and analyses, it’s also every bit as relevant whether you’re selling your property or just like to keep bang up to speed on market trends…

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Author:Carolyn Mowlem 04/09/2014 [3] Comments 
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Spanish mortgage approvals rise at fastest rate for eight years

June saw Spanish mortgage approvals shoot up considerably when compared to last year

Official figures released by Spain’s National Statistics Institute (INE) this week have revealed that mortgage approvals in June rose 19 per cent year-on-year – the biggest monthly increase since March 2006.

Although overall mortgage approval numbers were some way short of the market’s peak in 2006 and 2007, the increase signals a slight cause for optimism for the Spanish property market.

The INE reports that 17,137 mortgages were approved in June, with the average loan amount rising 1.3 per cent to €98,582. In total, €10.7 billion in mortgage loans were signed off in June…

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Author:Ian Clover 29/08/2014 [2] Comments 
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Spain’s oldest village offers cut-price plot sale

Bienvenido: Residents of Olmeda de la Cuesta (average age 75) are keen on attracting young blood to the village

In a village with just 35 residents and an average of a sprightly 75, Olmeda de la Cuesta could be forgiven for counting its blessings, turning inwards and enjoying the peace and quiet that the hills 160 kilometres east of Madrid provide.

But that is not Olmeda’s style. Instead of shuffling quietly into anonymity, the village has launched an audacious plan to attract fresh young blood by offering up for sale eight bargain plots of land…

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Author:Ian Clover 27/08/2014 [0] Comments 
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90 per cent of foreign buyers on the Costa del Sol don’t need a mortgage, study finds

Marbella, Costa del Sol

The Costa del Sol property market is being driven by foreign buyers

Focusing on the current state of the Costa del Sol property market, a new study – just released by international real estate consultancy Aguirre Newman – confirms that throughout 2014 activity is being driven by foreign buyers, 90 per cent of whom, given that prices have been falling for 7 years, do not need to finance their purchase…

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Author:Carolyn Mowlem 26/08/2014 [1] Comment 
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Brits no longer drawn to ‘emerging markets’ when buying property abroad

While the emerging markets of 2005-6 failed to emerge, Spain has cemented its position at the top

Cast your mind back seven or eight years and the buzz words on everybody’s lips were “emerging” and “markets”. In the overseas property sector, these two words were shorthand for Dubai, Bulgaria, Cyprus, Turkey, Romania, Brazil, Egypt and Panama – locations that were set to become serious rivals to Spain’s crown as the destination of choice for Brits looking to buy abroad…

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Author:Ian Clover 18/08/2014 [0] Comments 
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