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Costa del Sol will receive 7 million tourists between June and September this year

Costa del Sol will receive 7 million tourists between June and September this year

Costa del Sol will receive 7 million tourists between June and September this yearTourism in Spain is expected to increase by 1.5% between the warmest months of June and September this year. The Costa del Sol, long renowned as one of the most popular holiday destinations in the world, will welcome an estimated 7 million tourists this year. That is 104,000 more visitors than the same period in 2017, which saw record-breaking tourist figures. In ... [Read More]

Brand new gastro-market opens on the Costa del Sol

Brand new gastro-market opens on the Costa del Sol

Brand new gastro-market opens on the Costa del SolLast week, the beach-side town of Estepona on the Costa del Sol welcomed the opening of a new gourmet gastro-market. The Mercado Gourmet de San Luis ,’El Mercado del Sol’ is located just a few steps away from the beach and promises to become the centre of Andalucian and international gastronomy on the Costa del Sol. Housed in the town’s former market hall, the gastro-market consists ... [Read More]

Mortgages Caixa Bank

Mortgages Caixa Bank

Mortgages with Caixa BankThe 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 ... [Read More]

Property Rental Regulations in Andalucia

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, ... [Read More]

Taxation When Acquiring a Property in Andalucía

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 ... [Read More]

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