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Spanish Property News - Arena Estates.


Again, half said they hoped to make money by letting their holiday homes. Although the over 50s were more reluctance to leave Britain, half still said they intended to move abroad. And all because the Spanish government is about to change its stance on taxes payable by non-residents. And while Spanish property market has seen substantial increases in prices over recent years, Natwest International, which offers Spanish Euro and pound mortgages, said holiday homes in Spain remain good value. As new expats, this really helps make them feel welcome and settle in quickly." Nearly 50 percent of replies stated Spain's public healthcare was better or much better, with a further 26 percent stating it was equivalent to the UK. But most enticing, residents can claim some of the capital gains tax back if they buy another principal residence in Spain within two years of the first. EasyJet, Europe’s also made an announcement that will benefit Irish overseas property owners and buyers alike. From 1st January 2007, the Capital Gains Tax on Spanish property sales and personal income for non-residents in Spain will drop from 35% to 18%. Here, holiday homes are even more affordable than the average overseas property – only a fifth of Brits with Spanish homes questioned, paid over £200,000. Interestingly, while 70 percent of people stated that they found the cost of living was lower in Spain than in the UK, under 3 percent put this as the best thing about living in Spain. It is likely that your vendor, if a non-resident, will be happy to wait a little too. It will be launching flights from Belfast International Airport to Krakow on 24 April 2007. It will bring equality amongst all Spanish homeowners.” Asking prices for Spanish property grow steadily 9th November 2006. It’s important not just to think about those exiting the market though, but about those who are thinking about upsizing or extending their investment in the country. Its education and health services, and its public transport system, leave the UK in the shade. It's overseas property pitfalls include overstretching finances, buying sight unseen, buying without a lawyer and failing to check credentials. Likewise, those who own homes in Alicante can expect to charge six per cent more than back in August; now the average price in the region is €231,000 (£155,500). Low cost airlines can have a positive affect on the accessibility of a region and can therefore help drive prices upwards , so it's good news all round for those with properties abroad. Meanwhile close-by Girona also saw dramatic rises of 21 per cent, meaning that a property in the city will cost €428,000 (£288,000), if buyers were not able to haggle. N&P lends from Gibraltar, along the whole of the Costa del Sol and along the Costa Blanca to La Manga.Spain remains a 'hot spot' for Brits buying abroad according to HiFX's seventh Global Property Hot Spots review into trends for Brits buying property abroad. Northern Ireland is a very important market to Easy Jet and we are looking forward to announcing more new routes and increased frequencies for Summer 2007 in the coming weeks. Other factors that are fuelling the trend are rising population rates, partly due to accelerating immigration, long term fixed interest mortgage deals, as well as moreflexible repayment plans. Over the same period investment in property grew 90%, doubling its contribution to Spanish Gross Domestic Product from 5.9% in 1997 to 11% in 2005. Paul Cable, Easy Jet’s Northern Ireland marketing manager, said: “EasyJet is delighted to be announcing another new and exciting route from Belfast International to Krakow. Proposals set to come into effect from 1st January 2007 will bring resident and non-resident taxes to an equal value of 18%. Should you want to gain even more from purchasing in Spain the answer is to gain residency rights. SOURCE: CITY WIRE Brits living or working temporarily in Spain and those with holiday homes will save thousands of pounds following cuts in Spanish Capital Gains Tax. SOURCE: FLY TO LET A third of the UK’s population has considered buying overseas property, a survey conducted by YouGov for NatWest International has discovered. Spain has heavily invested its transport infrastructure in recent years and. Spain is the most popular location amongst more than four in ten respondents who have either already bought or who are looking to buy abroad. The addition of this route is part of a wider expansion plan for Belfast International Airport, which will be announced in the coming weeks. The fast-growing airline will commence services to the Spanish hotspots of Ibiza, Malaga, and Palma Majorca, while Milan in Italy and Toulouse in South West France will also be added from spring 2007. The key growth area for the airline has been Spain and the addition of three new Spanish routes confirms that the region as undoubtedly the number one destination for the people of Northern Ireland for the airline. The most popular reason why people had moved to Spain, getting over 35 percent of votes, was the general quality of Spanish life. The Spanish rules are in sharp contrast to the domestic UK tax regime governing property - here CGT is charged at 40% but, crucially, does not apply to your main home but only to a second home.Spanish homes needn't costa packet! The survey is being conducted by a leading Spanish estate agent online with individuals from a cross-section of the UK expat community -- retired, self employed, and those working for Spanish or non-Spanish companies. These high percentages are especially reassuring for older, retired people and parents with young families -- or indeed anyone who is concerned about health service standards. This amount will be reduced to 3% under the new proposals and the amount is reimbursed to the vendor against the difference of the capital gains tax when it is paid. This covers any debts that can be difficult to recover from a non-resident vendor once they have left the country. This new Polish route will operate three flights weekly with fares from just £18.99 one way (£37.98 return including tax). Those with holiday homes in Spain also said they got extensive use from their properties – two thirds said they spend at least a quarter of the year living in their Spanish property. Three quarters of 30 to 50 year olds questioned said they will consider leaving the UK permanently. Western nations are increasingly concerned about the development of renewable forms of energy to replace the reliance on Middle Eastern oil, a resource which is both finite and liable to dramatic price rises. With a travel time of around two and a half hours and the availability of cheap flights from the bidget airlines, Spain still ranks high as a weekend away destination. With the right advice and a favourable mortgage, overseas properties can provide a fantastic lifestyle, great investment potential and somewhere to escape the chaos of life back home!