New Year Buyers Coming Into The Market To Take Advantage Of The Best Buys.
The last week has seen a surge in buyers with three sales agreed and this we suspect is due to buyers realising that there are stiil bargains to be found. This time of the year is always a great period to consider purchasing a property on the Costa Blanca or Costa Calida as sellers who may have rented out their properties over the festive period are now approaching a quiet rental period therefore they may be willing to reduce the sale price of their properties to gain a quick sale. It is still a buyers market but with the Spanish now starting to purchase we envisage the next few months to be the best time to bag that bargain property.
As always we love to keep you informed with the latest property news and offers and in this months newsletter we hope that you find the content informative and of interest.
For more information about buying or selling property on the Costa Blanca or Costa Calida contact us NOW at  Chersun
Are You Confused Where To Buy Your Spanish Property ?
There are so many choices and it is the job of the Estate Agent to help and assist you in narrowing down your search to areas that meet your wishlist.
For example if you want the quiet life and a property with a large plot then consider country properties but ensure that it has a swimming pool as this is essential in the summer when the temperatures inland can get very hot.
If you are looking for a busy night life and good all year entertainment then head for the coastal areas that are not just Spanish summer holiday destinations as you want to ensure the amenities are not closed down in the winter.
Finally do not be afraid to ask the Estate Agent where they would live if they had the same criteria as you, benefit from their knowledge of the different areas and what locations would suit you the best. Narrowing down your search will help you safe time and enable you to find your place in the sun quicker.
For more information about the best locations for you forward to us your criteria. enquiries@chersun.com
Top Selling Tips To Give You A Better Chance Of Finding A Buyer.
It is still a buyers market therefore you have to make your property stand out from the rest when trying to sell. Here are some tips to increase your chances of selling.
Less is best, declutter the property inside and outside as this will enhance the first impression to viewers.
Be realistic with the sale price, ask the local Estate Agent what the most recent sale prices have been of similar properties that have sold in your area.This is what the true market value is not the prices being advertised on the property portals.
Have 2-3 Estate Agents listing the property, never sign exclusive rights with only one Estate Agent. In Spain as you can list with as many agents as you wish.and to increase your chances of selling it is better to have more than one Estate Agents trying to find you a buyer. It should be noted that you will only have to pay the Estate Agent who sells the property.
If you have made alterations to the property or installed a swimming pool ensure you have all the licences available. This will ensure that no illegal work has been done to the property as this will put off prospective buyers
We hope that the above advice is helpful to you and if you require more information about selling your property on the Costa Blanca or Costa Calida contact us now.
How Might Brexit Change The Taxes British Expats And Property Owners Have To Pay In Spain?
From a tax point of view, British residents and businesses registered in the U.K. will experience very little change, as the double tax treaty between the U.K. and Spain will remain. The treaty—which is in place to ensure that British and Spanish residents are not taxed twice on the same income—covers income and capital gains both for individuals and corporations.The Spanish non resident tax (IRNR), wealth tax and inheritance tax obligations must be reconsidered in light of Brexit, so seeking expert tax and legal advice is recommended in each case.
Tax investigations of non residents are on the rise in Spain and this is not going to change. of course, the “Beckham” rule, which allows a very favorable regimen to expats working in Spain, will continue, as will the “Golden Visa” scheme which offers residency permits to non-EU nationals in return for an investment of 500,000 euros or more in Spanish property.
On the other hand, some of the tax benefits applied to EU citizens by virtue of Spanish regional laws, for inheritance and gift tax purposes, were already extended to third countries in February 2018, when the Spanish Supreme Court ruled that tax residents in non-EU countries should be eligible for the tax benefits provided by the regional laws, just like individuals who are tax residents in Spain and in the EU. The Spanish government has created an informative page where different scenarios are outlined, depending on the type of deals that are executed during the Brexit process. The page can be accessed here.
We can conclude that there will be changes in the areas of immigration, customs, consumer law and other areas mentioned above, but the effects of those changes remain to be seen and will depend on the negotiations between the U.K. and the EU. We should not underestimate the significance of negotiations between Spain and the U.K. when it comes to areas such as family law and immigration, due to how many residents from each country live in the other.
It is also worth mentioning that there are so many individuals with interests between Spain and the U.K., so some of us are doing what we can within our sphere of influence to ensure that Spain continues to be a country where Britons feel at home.
Leon Fernando Del Canto is an international tax barrister and founding partner of Del Canto Chambers in London. He is a member of the Honourable Society of Lincoln’s Inn, The Worshipful Company of Tax Advisers, the Association of Taxation Technicians and the Madrid Bar.
* This article has been written by a third party not owned or controlled by Chersun Properties SL. disclaims any responsibility or liability related to your access to or use of any third party content.
Why Giving Power Of Attorney To Your Spanish Lawyers Can Help Save You Time And Money.
If you are considering purchasing a property In Spain we strongly recommend that you give a power of attorney to a reputable Spanish Lawyer as this will enable the lawyer to act on your behalf and there will be no need for you to travel back and forward to Spain to deal with any legal matters.
The POA will allow the lawyers to arrange the following for you.
Your Spanish National Insurance Numbers.
Open A Spanish Bank Account.
Deal With Utility Companies On Your Behalf.
To Purchase The Property And Also To Sell The Property With Your Authorisation.
Deal With The Tax Authorities On Your Behalf.
The power of attorney is open ended with no set term and you can cancel it at anytime.
The above is a small example of how a power of attorney can make life a lot easier for you as it can speed up the buying or selling process. For more information about the buying or the selling procedure contact us now at Chersun
View What Our Clients Have To Say About Our Service And Advice.
We at Chersun have been helping people like you find their place in the sun for over 14 years therefore if you are starting off on the journey to buy a property on the Costa Blanca or Costa Calida contact us now. We would love to answer the questions that you may have about buying property in Spain.
As you can see from our recent client reviews below we make the process simple, easy and we always provide an excellent after sales service.
" Bespoke service "
First class service. Listened to our requirements and delivered 100%....again.- Mr & Mrs Clive Brown
"Highly recommended "
Both Paul and Suzie are extremely well informed and professional
They understand your needs and don’t waste your time
They work alongside and will introduce you to other trusted professionals and hold your hand through the whole process I have no hesitation in recommending them
So much so I have already used their services twice- Ms Cathy Fox
This Months Selected Property Portfolio.
Chersun We Are Here To Help You.
If you are considering purchasing or selling a Spanish property do not hesitate to contact us we are here to help you. Our family business has been established since 2005 and we will help and answer the questions that you may have. If you would like us to call you please confirm when it is convenient to contact you. For more information about buying and selling Spanish property go to www.chersun.com