British market strengthens after Brexit certainty. The UK market has been one of the main sources of tourists and property buyers on the Costa del Sol ever since it first evolved as an internationally desirable destination in the 1950s. At times, British buyers made up as much as 65% of overall home sales in the […]
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Travel and Passports. A lot of people are concerned about the impact that Brexit will have on travel within the EU and to the UK. Until the end of 2020, travel plans remain unaffected, but as 2021 begins, what might the situation look like for British residents living in Spain? Charmaine Arbouin, British consul to
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How might the GBP/EUR rate affect UK property purchasers in Spain?. If you are purchasing property in Spain and looking to convert your hard-earned GBP into Euros, you will no doubt be keeping a watchful eye on current politics and how the resultant exchange rate fluctuations are likely to affect your purchase. UK politics has
Brexit leads to rising number of British residents on the Costa del Sol. What was intended as a break with Europe has in recent times lead to a growth in the number of British residents living in areas such as the Costa del Sol. The financial crisis and the Brexit referendum were two events that
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What’s happening in the Spanish mortgage market?. The good news for everyone with a mortgage, or applying for one, is that interest rates have dropped yet again. The Euribor rate, which is the base rate used to calculate mortgage payments, was at -0.339 in September. This is a double drop since the same time last
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HSBC Survey – Spain in top 5 for expats. If you are considering a move to the land of sunshine and sangria, you will be joining thousands of expats who now believe that it’s amongst the best places to call home. The nation has recently reaffirmed itself as one of the top expat destinations in
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Marbella 2018 in review. Having weathered the initial shock effect of the unexpected Brexit result in the British referendum of 23rd June 2016 – when 52% voted to leave the European Union – the Marbella property market bounced back very strongly in 2017. This meant that the initial drop in British enquiries was more than
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Spanish taxes. Buying property in Spain can be a costly matter, but the good news is that, with the abolition in October 2018 of stamp duty payable by mortgage holders, buyers with loans are now saving thousands of euros in purchase costs. Nevertheless, you should still factor in approximately 10-13% on top of the purchase
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Estepona’s new hospital ready for 2019. The work that began in June 2017 is soon to be completed just two years later, as Estepona’s new hospital is handed over to the local authorities this month for the beginning of a period of fitting out. Once fully fitted and equipped, the hospital is set to open
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