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 ...
New and resale Spanish property transactions see surge in April
Home sales in April of this year increased by 31% compared to the same month last year, according to new figures released by the National Institute of Statistics (INE).Following a slower month of sales in March, a total of 37,930 Spanish home sales were inscribed in the Spanish Land Registry in April, 42,041 including subsidised homes. While the land registry publishes figures with a one to three month delay, the Association of Spanish ...
