Archives for November 2009
November 30th, 2009
In more mortgage related news, the Euribor has closed the month of November with its ninth straight record low at 1.23%, meaning an average saving of 240 euros per month or 2880 per year compared to one year ago, this data is based on an average mortgage of € 150,000 ...
Continue reading 240 Euro per Month Saving on an Average Spanish Mortgage
November 30th, 2009
While not specifically Spanish related, many feel that this story is reflected worldwide and that banks are just looking to protect themselves and their shareholders and not helping normal mortgage payers as promised, even after seeking huge financial injections from world governments. The story stems from new evidence to suggest that ...
Continue reading Banks Relucatant to Refinance Mortgages with Public Money
November 27th, 2009
The Ministry of Finance has estimated that more than half of all residential leases in Spain not declared to the relevant tax authorities. This has been stated just over a month since income tax rent relief for landlords was raised from 50 to 60%. Specifically, they estimate that there are ...
Continue reading Massive Tax Evasion on Rental Properties in Spain
November 26th, 2009
The average home in Spain is currently on the market for 344 days, taking more than 11 months to find a buyer, according to a study recently published, which indicates that many prices are still out of reach of many buyers. The length of time is reduced in some areas of ...
Continue reading Around 1 Year to Sell a Spanish Property
November 26th, 2009
A survey, conducted in June this year among more than 6,000 people reveals that currently the major obstacle in buying a property in Spain was in obtaining financing. In fact, 87% said it is difficult or very difficult to get a loan today, well above the European average 60%. However, it also ...
Continue reading Spanish Property Buyers just need Finance
November 18th, 2009
Looking back at this feature on the Costa de la Luz we can see that is was one of the more unfamiliar parts of the Spanish coastline, at least to foreign visitors. In the past 5 years not too much has changed, while there has been a growth in tourism ...
Continue reading Costa de la Luz, Spain’s Atlantic Coastline
November 12th, 2009
Earlier I spoke about the need to register with your local town hall to ensure you and they receive the benefits and services that are entitled. Part of this advice was due to the belief that simply having a residency card was sufficient, today I'd like to run through the ...
Continue reading Buying a house in Spain? Where’s your NIE?
November 11th, 2009
In Kyero's news yesterday it was revealed that the one millionth property landmark had been passed, a great accomplishment to the all those who have made Kyero the leading Spanish property portal for the foreign market. I thought it would be good to look back at some of the history ...
Continue reading One Million Spanish Properties and Counting
November 9th, 2009
This week I'm taking a look at some of the often overlooked aspects of living in Spain. Some recent personal experience with a very ill member of my family has highlighted a number of issues that have caused unnecessary work and problems. These were mostly due to the correct paperwork ...
Continue reading Moving to Spain – your rights and responsibilities … the first step
November 6th, 2009
Continuing the theme of costas, today I'm spotlighting the Costa Calida .... the warm coast. It's not too difficult to work out that it gets its name from the very mild climate, while also enjoying a low average rainfall. One of the key features of the area is concentrated on ...
Continue reading Costa Calida and it’s lagoon paradise … wonderful
