When you are looking to come and live in Spain and maybe to buy a house for sale in Spain you are going to a different country (Obvious huh?) with different customs and different ways of doing things. Therefore there are some things that you will need to get used to. Spain will not change in the near future but you need to do so if you want to fit comfortably into your new home (the house and the area).
A friend of mine passed me on an advert sponsored and promoted by “A Place In The Sun” offering “Opportunities” in Murcia through Blue Med. The offer seems too good to refuse of course, properties from 61000 Euros in Murcia on the Condado de Alhama Golf Course with 110% mortgages and interest rates of 1.5% for the first two years.
Hold on! 110% mortgages? I thought that these were one of the main causes of the negative equity problems of any number of hundreds of thousands of Spanish and foreign property buyers in Spain.
I make no bones about it, Asturias is my favourite place in Spain, the landscape, the food, the drink… everything about it I love. (OK almost everything, it rains a lot and sometimes that can be annoying) It is only natural therefore that we promote more properties in Asturias because I think it is just such a great place both to visit and to live.
Over the last couple of days I have been sent a couple of videos about Valencia that have made me very happy. Why? Well simply put they are feelgood videos about a city beginning to wake up to the spring at the same time that it realises that it doesn’t need to hide its light under a bushel because simply put it is beautiful and well worth showing off.
When you purchase a property in Spain you have to pay tax on the purchase, currently in Valencia for new and used properties the tax is 10%, in fact it is 10% on new property all around the country. In Madrid for example the cost on used property is currently 6% having been reduced at the start of the year. The cost in other areas varies from 7-10%. However you may be in for a nasty surprise unless you take certain precautions when finding yourself a bargain. Let’s look at an example.
Take a look at the post below if you are worried about your signal from the BBC that has finally disappeared overnight for most people in Spain. There are some options in there for anybody who cannot get by without their daily dose of UKTV despite the fact they are living in Spain.
Let’s start the week with some good news for buyers of property in Valencia shall we. We have received notifications from owners of some excellent price drops in the last couple of weeks meaning that properties we previously considered good value are now even better priced for potential purchasers.
If you are from outside the EU you now have the possibility of getting residency in Spain at a cost of anything over 500,000 Euros, the minimum spend required, mortgage free, in order to apply for residency which will be granted automatically. Over on the Spanish Residency Site we have detailed the requirements for getting residency if you are not an EU citizen and you can see that post here.