All posts tagged Spanish properties for sale
In January of this year, the Spanish president announced his plans to implement a 100% property tax on property purchases for “foreign non residents” who live outside of the EU. At the time, we took a closer look at the proposal in our blog post, here.
Fast forward to today, and as more data has recently been released, we’re revisiting the proposed plan. The more data that is revealed, the more it becomes clear why this plan has not been put into action.
As ever, our most reliable source for all things related to this topic is Spanish Property Insight, who have gathered the most recent data, which has helped us to look into this situation more clearly. So, lets look into things a little deeper…
The most recent Spanish notary figures reveal that the market share of non EU, foreign non residents has slipped, once again, from 2.9% to 2.7%. Meaning there is a very big discrepancy between what is being said by the Spanish president, and what the notary figures actually reveal.
The graph above, by Spanish Property Insight breaks down foreign demand each year over the last six years into non-resident buyers from outside of the EU and all other foreign buyers.
“In this period, Non-EU Foreign Non Resident’s accounted for 13.5% of the foreign market, compared to 86.5% for other foreign buyers who would not be affected by the proposed tax.”
This 13.5% market share is not an amount that is driving the housing crisis in Spain.
As with the figures from 2023, the data from 2024 reveals much of the same information. The largest groups of foreign non resident buyers, which are the British, American, Swiss and Norwegian, are not competing with Spanish locals for homes within the city.
According to Spanish Property Insight the above figure “breaks down total demand into local buyers, Non-EU Foreign Non Residents, and all other foreign buyers, illustrating how small a share of the market Non-EU Foreign Non Residents represent, with a market share of just 2.7% in the latest period.”
In the words of Mark Stucklin of Spanish Property Insight…
“…even if implemented, the (100% tax) policy would do nothing to make housing more affordable. Instead, it would damage local economies in regions like the Costa del Sol, Costa Blanca and Murcia, where foreign holiday-home buyers are vital.”
The data speaks for itself.
We endeavour to keep on top of the information as it comes in, and update and inform our customers as soon as we can, with accurate and reliable information. Stay posted for further updates as they come in regarding this proposed tax increase.
In the meantime if you have any questions or queries, please don’t hesitate to get in touch here, or call us on 0161 870 2276
*All images, and data in this article have been sourced from Spanish Property Insight.*
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Spanish Property For Sale.
Buenos Dias, and we hope you and your families are in ‘buena salud.’
Well at last, something positive to write about, the Spanish Government has begun the slow process of a return to what some are calling the new normal. We will watch with fingers crossed, hoping it goes well.
After so much has been written and broadcast across all media platforms, we hope to look forward as opposed to repeating the narrative. Now, we want to begin to provide some information to those people who are looking to move forward and re-kindle the dream of owning a property in Spain.
Your Place in Spain offers Spanish Property for Sale on the Costa Blanca, Murcia/Costa Calida & the Costa del Sol. We work with a process that (should our customers require) includes a free of charge, pre-visit chat with an independent solicitor located in Spain. We strongly advise this, and believe it is vital buyers gain an understanding of the obligations of a homeowner in Spain, once the purchase has completed.
Apartments, townhouses & villas are all available in the locations of our portfolio. As well as location information, we plan to advise on current availability of property in the those locations.
Should your search be ongoing or about to begin, for any information required please send us an e-mail using the details on our Contact Us page here.
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At Your Place in Spain Ltd we have a commitment to the phrase ‘buy safely,’ so much so that we practically insist that you, our client, speak with an independent Spanish solicitor, which is without obligation, prior to flying out to view a property.
The benefit of doing this, is that you are fully informed of your obligations as a property owner in Spain, and that includes taxes and the purchase process, including all fees. There are so many different figures thrown out to prospects, even a well known TV program is suggesting that there is “10% to add on top” of the purchase price, that figure is only the tax due, but what about the Notary fees, Land registry, solicitors fees?
The attitude of ‘no surprises’ for you in your purchasing process ensures that the buying decision is an informed one, as well as an emotional one, after all we understand buying your Spanish home is the realisation of a dream for many.
Once you have made the decision to buy, and you have the funds available, and an idea of where ideally you want to be, you now just want to make the right decision on the property and location.
So what to do next?
Your Place in Spain believes the current market offers opportunity for everyone, the prices are competitive, and many of the properties are in good locations. It stands to reason any buyer should want to be advised of all that is available that fits their requirements in their chosen location.
We understand requirements as well as locations can change when you are actually in Spain.
Being prepared before travelling to the location and having an understanding of the obligations, cost and type of property that you want to view will maximize the time available to you whilst you are in the location, looking at what you actually want to see.
It is understandable that whilst the sun is shining, and the weather is warm, being taken to look at property that is of no interest to you would cause frustration. This can impact on your decision and affect your search for the right property in a negative way.
At Your Place in Spain Ltd we will work with your requirements and provide a property portfolio of details & images that fit those requirements. This way, you can then see the properties and get a feel for what your money can buy you. If you then wish to view one or a selection of the portfolio, the appointment is arranged, and whatever happens after that is down to you, and what you want to do.
So to summarise, we believe that buying in Spain is a straight forward process for you, the client, when you are fully informed of your obligations. When you know what your cash will buy you and you’re prepared with an informative portfolio before you start the viewings, and when you have identified the style of properties to view, then there is a good chance that you will arrive at the realisation of your dream!
With over 2500 available properties across our portfolio in the regions of Costa Blanca South, Costa Blanca North, Murcia, Marbella and Costa Almeria, we believe we can help most achieve that dream, following our process of being informed and in control………..Get in touch see how we can help you.
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Although traditionally known as a golfer’s paradise, Villamartin is a location in Spain that has so much more to offer.
Accessibility – If your flight lands at either Alicante or Murcia San Javier airport you can be in Villamartin in just 30 -40 minutes by car.
The Area – Villamartin is built around one of the area’s most prestigious golf courses, Campo de Golf Villamartin, it is also close to Las Ramblas, Campoamor and Las Colinas golf courses too. This is an area that caters for all, with supermarkets, restaurants, bars, doctors, shops, a number of marinas, and more. La Zenia Boulevard is also close by; this is the biggest shopping centre of the province of Alicante, providing fashion shops, restaurants and entertainment.
There are schools, both international and state, to facilitate the ever increasing community in the location. The beautiful blue flag beaches of La Zenia and Playa Flamenca are close too.
The Weather – Well, Villamartin has on average 320 days of sunshine a year, and an average temperature of 20 oC. In the summer, the temperature in the day can climb up to 35oC, but the low humidity means that the heat isn’t unbearable. The winter months of December, January and February are usually sunny and clear, although a little cool in the evenings until the spring arrives.
The Property – The properties in Villamartin are available at great value and in built in traditional, Mediterranean style. There are also a number of new build opportunities as demand for property in this area increases. This is also a great location for rental gains from a property, with holiday makers and golfers travelling to the area all year round.
We have picked our top 5 properties across Villamartin for you to take a look at, all properties are under £100,000 *calculated at exchange rate of circa 1.30 to £1, any exchange rate fluctuation will change the sterling price* –
https://www.yourplaceinspain.com/property/townhouse-villamartin/
https://www.yourplaceinspain.com/property/bungalowforsaleinvillamartin-3/
https://www.yourplaceinspain.com/property/townhouseforsaleinvillamartin-11/
https://www.yourplaceinspain.com/property/townhouseforsaleinvillamartin-24/
https://www.yourplaceinspain.com/property/apartmentforsaleinvillamartin-4/
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