NOVEMBER 2016 - FOR YOU THE LATEST PROPERTY NEWS FROM CHERSUN

Latest Spanish Property News And Views From Chersun

Welcome to this months newsletter from Chersun The Informative Spanish Estate Agents.

With Christmas only 4 weeks away you would expect the demand for Spanish property to decrease however we have seen enquiries still come in and we have sold 5 properties this month. With the exchange rate improving for the british buyers and the wintery weather being experienced in the north of Europe this has seen an influx of new buyers.

If you are serious about purchasing a property then you should consider coming over on one of our highly informative viewing trips, there is no better way to see for yourself the great choice of properties and locations that we have for you.

We hope that you enjoy this months newletter and if you are wishing to arrange a viewing trip or if you are looking to sell your property do not hesitate to contact us at enquiries@chersun.com

 


Best  regards

Paul Cherry

Managing Director

Mobile 0034 610914850

paul@chersun.com

Visit our Website

 

Spanish House Prices Set To Rise.

Property prices in Spain will increase by an average of up to 6% per annum over the next three years, according to the head of Knight Frank in Spain.

The British head of Knight Frank in Spain, Humphrey White, told Spanish property portal Idealista that Spanish property prices will rise by between 5% and 6% per annum until at least 2019, on the back of growing demand from buyers and a strengthening domestic economy.

“In recent years there has been very little speculative promotion, which explains why we have an obvious lack of quality stock of some kinds of assets in some areas, and demand that is on the rise,” said White. “Spain is living through a unique moment [thanks in part to a strengthening economy] and continues to offer opportunities in traditional sectors like real estate and banking.”

After six years at the tail end of the Eurozone ranking of house price changes, Spain has now been above average for two years. If you wish to purchase property in Spain before the prices start to increase contact us now at enquiries@chersun.com
 

Spanish Taxes And What You Have To Pay If You Own A Spanish Property.

As the deadline for the non-resident tax declarations (December 31st) approaches, many non-residents with property in Spain have been coming to us with their questions. Here, we summarise the answers.

Am I a resident or a non-resident?
If you live in Spain for more than 183 days a year then you are a resident here. Any less and you are a non-resident.

As a non-resident you must pay two non-resident property taxes.
What property taxes must I pay?
You must pay two taxes:
•IBI (Impuesto Sobre Bienes Inmuebles) or council tax
•Imputed income tax or rental tax (in some cases a combination of the two)
What is IBI?
IBI (Impuesto Sobre Bienes Inmuebles) is a council tax that must be paid by every home owner. IBI is:
•Paid directly to the town hall or the SUMA offices
•Collected annually
•Collected at different times of the year according to the area
•Based upon the rateable value of your property or valor catastral
When should rental tax be paid?
If you rent out your property then you will need to pay rental tax in Spain. This is collected quarterly:
•20th April
•20th July
•20th October
•20th January
Why do I have to pay income tax in Spain when I don’t live there?
The imputed income tax is payable by non-resident property owners who do not rent out their property and so do not pay rental income tax. The idea is that you could rent out your property if you wished.

Imputed income tax:
•is paid on a second home that is not rented out
•is declared in the non-resident annual tax declaration
•is paid to the Spanish Tax Authority

 

Top 5 Tips On How To Choose A Reputable Spanish Lawyer.

1 Look on the internet for reviews from people who have already purchased property in the local area that you intend to buy.

2. Speak to Estate Agents in the area and ask them for a list of recommended lawyers and then narrow down your search.

3.Contact local spanish banks and ask them for recommendations, banks will only recommend law firms that are professional and honest.

4.Ensure that the lawyers are fully qualified and you can check this with the local spanish law society.

5.Finally the most important tip is to ensure that they speak good english, it is not the best idea to employ a lawyer who speaks little English.     

 

Why You Choose The Costa Calida Region To Buy Your Place In The Sun

https://www.youtube.com/watch?v=ebMbtZDd7EY&t=171s

The Costa Calida covers approximately 250 kms of coastline from El Mojon down to Aguilas in the south.

With the mild climate in the winter and averaging 320 days per year of sunshine this area is known as the market garden of Spain due to its vast production of fruit and vegetables grown here.  It is one of the most popular areas in Spain for the exportation of fruit and vegetables.  When driving around the area it is amazing to see the vast areas of orange, lemon and olive trees along with fields full of lettuces, carrots, artichokes, cauliflowers and many more.

The region is well known for its variety of fresh fish and seafood which is served in many of the local  restaurants and tapas bars.

The Mar Menor part of the coastline is a large saltwater lagoon which is separated from the Mediterranean sea by a strip of land called La Manga.  This lagoon is very popular with families due to the lovely sandy beaches and warm, shallow waters making it very safe for children.  It is also very popular for boat trips and watersports.

The region has become famous for its numerous golf courses making it an ideal place to come and play in the winter months from countries like Belgium, Norway, Scandinavia, Sweden and the UK.  The golf courses also offer a range of properties to buy or rent.  These properties are very popular as they are in a gated community with 24hr security.

The major cities of Cartagena and Murcia are excellent places to visit with many beautiful cathedrals, museums, shops, bars and restaurants.  Cartagena is now a popular port of call for many cruise ships throughout the year.

The area has a good road infrastructure with buses and trains linking to other parts of the country.

The area has good local and international schools and excellent hospital facilities.

The cost of living is low and this area is classed as a very healthy place to live.

The main airport for this area at present is San Javier (Murcia) which is a small friendly airport with many budget airlines using it.  Alternatively Alicante airport is only one/one and a half hours drive away.  There is a new airport at Corvera which is finished but not yet operational.
                                         
CONTACT US NOW AT AT CHERSUN IF YOU ARE LOOKING FOR HELP IN FINDING YOUR PLACE IN THE SUN
 

THIS MONTHS TOP BUYS 

Frontline Golf 2 Bed Apartment On Hacienda Riquelme Golf 89950 Euros

3 Bed Semi Detached Villa In Spanish Town Of La Tercia 95950 Euros

Beach 2 Bed Modern Apartments Torre De La Horadada 129950 Euros

Detached 3 Bed Villa Close to Cartagena 138000 Euros

New 3 Bed Beach Apartments In Los Alcazares 165400 Euros

2 Bed Semi Detached Modern Villas Villamartin 175000 Euros

4 Bed Detached Country Villa 235000 Euros

If the above properties do not meet your criteria please provide us with your property wish list and budget and we will forward you a list of our recommendations.


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