The increasing number of homeowners who rent or lease their properties to tourists privately brings anxiety to the Spanish government. Local hotel sectors accused these private rentals as the major reason for the drop off of bookings in the industry. Since these homeowners pay no tax for their business, they keep their earnings and make no declaration to the government of the annual....
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Energy Performance Certificates (EPC)
It took months for the Spanish government to finally publish the new legislation which covers all houses and properties in the country that are being rented, leased or sold after June 1, 2013. This law states that owners should acquire an “energy certificate”.This is to follow the footsteps of EU Directive’s Energy Performance of Buildings which became effective back in 2007. This new....
Property Sales Increasing
The growing demand from foreign buyers enticed by bargain prices has contributed significantly to the increasing sales of properties in Spain. Indeed, there has been an evident increase in property sales since 2011 to 2013. In fact, sales momentum is now starting to build up in various regions of Spain.In January, Mercers, a Murcia-based estate agency, predicted that property sales will....
The Hope Of The Spanish Property Market
The recovery of the Spanish property market is still nothing more than a notion, especially now that yet another fall is to be expected in the prices of properties. A recent forecast from one of Spain's leading consultancies, RR de Acuna & Asociados, revealed that a further 30% fall in property prices is possible; particularly for homes in Barcelona, Madrid and other major cities in....
