Great news for spanish property investments due to the 50% reduction in Capital Gains Tax in 2012 The Spanish government have announced a very welcome reduction in capital gains tax (Plusvalia) on second homes or investment properties purchased between May 11th and Dec 31st 2012. The reduction will be applied when the property is sold. In […]
MADRID October 2011 . Housing prices fell by 5.6% in the third quarter over the same period in 2010, thus continuing the downward trend and that started in late 2008, according to price statistics released today by the Ministry of Development. Between July and September this year, the average price per square meter of properties […]
Mallorca is still the most desired island in Spain to buy property despite the current world financial situation. Property buyers that retire in Mallorca or Ibiza sometimes think it will be cheaper than living in the UK, apart from the weather and other conditions. This is not the case because the island’s lifestile can be […]
The Spanish Euribor rate decreases again in September to 2,067 % according to the infomation provided by the Bank of Spain. The Euribor is short for Euro Interbank Offered Rate. The Euribor rates are based on the average interest rates at which a panel of more than 50 European banks borrow funds from one another. […]
Today, the Spanish Government’s Development Minister, José Blanco has reduced the tax (IVA) on all new properties from 8% to 4% effective immediately. This temporary reduction will run until the end of 2011 and will stimulate sales on new property and boost the Spanish economy. With the ongoing financial crisis hitting Spain hard, the Government […]
Since many years , buying property in Mallorca has been and still is one of Spain’s premier property investments. Mallorca was and is, of the premier holiday destinations in Europe, with property buyers focusing on the island from all over the world. The new changes in spanish law , since the abolishment of the wealth […]