PROPERTY prices at the exclusive Sandbanks peninsula on the Dorset coast rose by £162,000 (€184,000) in the last year alone, making it the hottest property spot in the UK according to major lender Halifax. The average house price there is now around £800,000 with estate agents saying that the massive rise is a matter of simple supply and demand while the “bored with Brexit” housing bounce is also a...
Property
TWO cities in the Valencian Community, Castellon and Valencia City, are among the top six across Spain for rental increases over the last four years. Palma heads the list with rent rising by 46% followed by Malaga (42%), Valencia (38%), Castellon (37%), Madrid (37%) and Barcelona (34%). At the other end of the scale is Jaen and Soria with rises of just 4% and 6% respectively, barely in line with inflation....
You don´t necessarily have to be a golfer to buy property at a golfing resort, as there are plenty of sensible reasons to look at the option of having a home at one. A golf resort is always impeccably kept and well maintained. The areas around the courses are equally well maintained, with manicured gardens, hedge rows and verges. Roads and street lighting are also kept in tip top shape, all...
A report by the Alicante Association of Real Estate Developers that was published last week has said that the property development sector is in very good shape after almost a decade of bad times. Various factors were measured including sales, ongoing new developments and projects in the pipeline and found it performing well on all counts. The report stated “Alicante is still a national reference point in...
You don´t necessarily have to be a golfer to buy property at a golfing resort, as there are plenty of sensible reasons to look at the option of having a home at one. A golf resort is always impeccably kept and well maintained. The areas around the courses are equally well maintained, with manicured gardens, hedge rows and verges. Roads and street lighting are also kept in tip top shape, all...
Though areas like the Costa Blanca have some of the most significant property price increases in Spain, it´s the holiday islands of the Balaerics like Ibiza that are seeing prices climbing the fastest, at almost double the national average! The IMIE General Index shows an annual rate of increase of eight per cent across the islands, compared to a national price rise of just under four per cent. The...
JAPAN is usually quite conventional when it comes to new property constructions, but a building that was a prison until just two years ago is now set to be converted to a luxury hotel. The complex is in the city of Nara on the island of Honshu and was built at the beginning of the last century. The red brick Romanesque structure is the last example of such architecture left standing and was a...
FIVE well known hotels in Benidorm are among the seven that have been acquired by Azora, a real estate management company that specialises in four and five star hotels. The Flamingo Oasis, Rio Park, Riudor, Regente and Agis join two Costa del Sol hotels and will all be upgraded to a minimum 4* standard where required. Azora said that Benidorm’s 84% occupancy rate, equating to 11 million overnight...
If you buy a property in Spain, then getting home insurance is essential, which will protect you against all the unexpected events that may happen in, and outside, of your new home. If your property is mortgaged, then it is an obligation to take out insurance, which would cover damage to your real estate, as well as to any personal items inside. The civil liability guarantee in a policy is...
The Supreme Court in Spain has ruled that money paid for a rent-to-buy home scheme is tax deductible in the IRPF tax declaration for investment in property. This means that the Court takes this type of lease to be a type of construction of the taxpayer’s permanent residence, i.e. the payment of money to the developer. It considers it as the purchase of a main residence is being in both cases, so that...