To purchase property in Spain, it is likely that you will need to buy foreign currency, as there is a strong possibility that you will need to obtain currency that is not native to your home country. Swiss francs, US dollars, GB pounds Sterling, and euros are commonly used currencies amongst foreign investors. It is Read More
Buying Property in Javea After COVID-19 It seems like just a few weeks ago I was sat amongst friends discussing our plans for Easter. One couple were planning on staying in Javea, a retired friend was thinking of visiting the UK, but was worried that traveling would be very congested to and from the airports, Read More
Any non-resident wishing to make any major purchase (property/land/vehicle/boat) or open a bank account will need to apply for a NIE number (Número de Identificación de Extranjero). This is a form of identification that will allow people to make these purchases but identifies them as being a fiscal resident rather than a national. This has Read More
Prices of rental property have risen by 54 percent in the last six years, according to Idealista, the property website. In Madrid and Barcelona (and other city centres) the real estate market and the cost of renting has boomed due to investors snapping up properties to rent out. Owners have also put up rental prices Read More
Spain’s Interior Minister Fernando Grande-Marlaska says the majority of Spain’s residents are observing the contingencies aimed at curbing the spread of the coronavirus, but points that a four-month jail sentence has already been given to one offender by a court in Santa Cruz de Tenerife, on the Canary Island of Tenerife. Since the Spanish Cabinet Read More
Although both sexes are evenly disposed to be struck by Covid-19, the fatality rate is more prominent among male patients, according to a new statement from the Carlos III Health Institute. With more than 80,000 cases and nearly 7,000 deaths, the profile of the people who are dying in Spain from the Covid-19 disease caused Read More
Spain’s new mortgage laws of June 2019 also highlighted the subject of “Bank Repossessions” Many overseas buyers have fallen foul to Spanish bureaucracy over the years and none more so than in relation to defaulting on mortgage payments. In theory, not paying your mortgage for three consecutive months allowed the banks to process a repossession Read More
The Government announced in June 2019, a major overhaul to the way mortgages in Spain are administered and their associated costs. Prior to this date, people were provided with a house mortgage from the bank with a repayment schedule. On top of that, there were ADDITIONAL one-off costs that they had to pay for which Read More
Olivares Consultores, a local Valencian company plan to develop a 23 apartment complex in the Arenal area of Javea within the next 12 months. This is the zone normally occupied by caravans in winter and the “feria” during the summer months. It will be called “La Bardisa” (a Valencian word for “cornice” in design terminology) Read More
Understandably, many UK expats are worried about their future in Spain should there be a hard Brexit. According to a proposed plan announced by Spanish PM Pedro Sánchez, the PSOE (Spanish Socialist Workers Party) government will offer a new residency deal to approximately 400,000 British nationals if the UK leaves the EU without an agreement Read More
