Tinsa reports a 4.6 per cent rise in Spanish property prices in July
Leading valuation firm, Tinsa published a report this month that showed a a 10.6 per cent rise in residential property values across Spain since February 2015. Price rises in the month of July saw a 4.6 per cent rise, following one of the most positive months in eleven years in June.Average market values have seen steady increases since the market bottomed out in February 2015, although it is still 36.5 per cent lower than the peak reach ...
Andalucian property market a safe bet with double digit rises
Property purchase transactions and mortgage loan approvals continue to increase in Spanish regions favoured by British and other foreign expatriates. According to Spain's Statistical Office, the total number of mortgages in April increased by 34 per cent over the same period in 2017.Andalucia recorded the second-highest number of loans after Madrid, with a total of 5,154 loans. Mortgage amounts across Spain also increased by over nine per ...
Mortgages Caixa Bank
The number of new mortgages approved in Spain is a significantly good indicator of the health of the property market today.According to the latest figures from Spain’s National Institute of Statistics (INE), there were a total of 27,724 new mortgages for home purchases in Spain in April, representing a 34.2% increase compared to the same month last year. The average amount for a new mortgage was 123,256 euros, a 9.1% increase when compared ...
Property Rental Regulations in Andalucia
Andalucia's Holiday Rental Law (Decree 28/2016) was officially approved on February 3rd of 2016 and sets out a number of strict regulations for landlords providing short-term rentals in the region.Regulations governing holiday rentals in Andalucia are now very established and there are steep sanctions associated with non-compliance, ranging between £1,500 to £115,000.New-builds on the Costa del Sol are built to the highest standards, ...
Taxation When Acquiring a Property in Andalucía
There are different taxation rates to consider when buying a property in Spain. Whether you are buying a new property from a developer, or a resale property from a private individual taxes will vary slightly from region to region. In Andalucía specifically, the taxation breakdown is as follows:1A. Re-Sale PropertiesThere is a Transfer Tax (ITP) for a re-sale property that you are obliged to pay is currently set at 3 different Rates:At 8% up ...
