Tax law in Spain is normally a controversial topic in the society and something to talk about between politicians, journalists and economic experts. Withouth talking about their correct or bad working, we want to let you know wich the advantages are in our system on this post.   In the last years, there is a profile which has grown: people who buy a property in Spain, but they have any relation to Spain. There are to different cases:   Impatriates: people with a tax residence abroad, but who work in Spain.   Expatriates: people with a tax residence in Spain, but who work abroad.   For these cases, there is a law which affect them: LIRPF. This law includes some tax incentives which involves a reduction in the income statement of these people.   People who are under these circumstances just temporarily are not affected by this law. You have to justify your situation and you will need a tax expert to guide you in this process.     There are others tax advantages related to buying a house in Spain.   - If you are under 35 years old and you buy a house for less than 135.000 euros, you will pay a 3,5% as taxes, rather than a 8%.   - Buying a house to sell it in the next 5 years supposes a 2% in taxes.   For saling properties:   - If you are more than 65 years old, and you sell the house you usually live, you don`t have to pay taxes for the sale.   In any case the world of tax advatanges is complicated and it would be really difficult to concentrate everything on a single post, but you can have an idea about how the Spanish system works and you should know that our real estate experts are absolutely used to dealing with this kind of process and they will be there for any kind of doubt you have.   You can count on us and contact us on our website.

If you are a foreigner in Spain and you are thinking about buying a house here, surely you will have the doubt of if it is better to get your mortgage in Spaing o in your own country.   Would change your mortgage if you are from Spain or from other country? Yes, it would. Does it depend on the country you come from? As well.   On the one hand we would like to make clear that if you are Spanish and living abroad, the conditions of the mortgage you ask for will be the same than if you were living in Spain.   These options do change if you are a foreigner and depending on your country of origin. If you come from an European country member of the Europear Union, England, United States, Canada or any country with a similar economical and cultural level, Spanish banks will be open to hear your proposal. However, it is possible that if you come from East Europe countries or from others counties, you can find more difficulties to get your mortgage.   The reason of this selection is not racist, but it depends on the Spanish banks knowledge about the legal and economical systems of the country you come from.   On the other hand, you have to take into account that not all the banks give mortgage to foreign people. Some legal systems prevent the banks the possibility of seizing in foreign countries, so they can do nothing if you decide not to pay regularly.   If you compare a foreign mortgage to a Spanish one, you will see that the Spanish can receive around the 80% of the price, while the foreigner can receive between a 50%-70%. You also have to know that so many banks are preparing special plans for foreigners.   In so many cases, a foreigner can be interested in contacting with a bank in their own country which make them possible to have a mortgage in Spain. France, Sweden or Norway are interesting countries to these plans.   Said this, you can get advised for an expert in the real estate sector as one of our agents. We are used to working this kind of process so that you don´t worry for anything.

If you are facing the possibility of buying a house, you may be plenty of doubts. It is totally normal because is one of the biggest investments you are going to carry out in your life and you want everything to be right. Because of that, we have written this post to let you know all you have to take into account to buy your new property.   Set a realistic budget. Don´t think exclusively about the price of the property, but do it as well about a 10% more that will be necessary for taxes and others process.   Be clear about what you look for. Answer these questions: Which is your current situation and your prediction in ten years? Of course, your life can change, but it is useful to know if you think about having children or in case you already have, if they will be living with you in ten years. There are some factors you have to take into account to know what you want to find.   Let yourself advise. When you are going to buy, for example, a mobile phone, you look for information and ask to professionals. This is the same or even more important. Our experts are used to choosing the best options for you.   Check the past of that property you liked. Study who was the last owner. Does it have any debts? Are the neighbourhood suffering from any problem with that property? There are some details you may not realize in a visit, but can do your routine problematic.   As last option, we recommend you to count on a real-estate Personal Shopper of Property Buyers. They will be in charge of any question you need, getting an important save of time, of worries and money. All what you see difficult and tedious, our agents are used to doing it frequently.   These 5 steps can seem logic, but they need to be structured to make a decision because you are talking about the place you want to spend the next years of your life.

It is obvious to say that COVID has a direct influence in the prices of the real estate market along La Costa del Sol. Taking into account that, approximately, we have spent the 33% of the year at home, the sales stopped and this had some consequences that we want to analyze on our blog.   We can organize all the information about the situation of the market in three proints.   The fall in the trade of properties:   A lot of operations before the pandemic were stopped due to the fear of buyers. Some of them thought they were not going to be capable of facing the investment or even decided to wait a future descent of prices.   A good example is the information that Diario SUR told in one of their pieces of news about the real estate market: according to Diario SUR, between January and April of 2020 (when we were living the first month of confinement) were carried out a 48% less of operations than the same period the year before.   Break in the development of prices   This break in opeations has as direct consequence a stop in the development of prices or even a descent. Therefore, prices speculation and the current values of the market are much more realistic than they were before the pandemic.   An important growth in the real estate market from holidays properties.   Tourism has been one of the sectors more sored by the health crisis. Consequently, so many owners of touristic properties have decided to become their houses in long staying rents.   Moreover, the confinement has come an interest in houses with more space on the open air to enjoy if we have to stay at home again for a long period. This means that some properties in the city centre are now available.   La Costa del Sol resists the real estate crisis   However, not everything is bad. A recent study believe that prices of de real estate market will become what they were before the pandemic along 2021.   On the other hand, it is interesting to know that prices in luxury houses has reduced in a 20% due to the need of selling of the current owners.   When tourists with powerfull economical resources can come back to Malaga, the situation will be again what it was. Meanwhile, you can take advantage and buying a property with these prices which are under the average in La Costa del Sol. You can contac us to talk about your needs. IMAGES FROM: TINSA.ES