International Buyers leverage mortgages to invest in Sotogrande
Drawn by low interest rates and a desirable lifestyle, buyers from Germany, the UK, and France are investing in top areas like Madrid, Barcelona, and Marbella...
Drawn by low interest rates and a desirable lifestyle, buyers from Germany, the UK, and France are investing in top areas like Madrid, Barcelona, and Marbella...
I would like to share with you a guide on what to expect after acquiring your property in Sotogrande. I highly recommend assembling a comprehensive property dossier to organize all pertinent documents related to your new asset.
Analysing historical market trends, evaluating potential risks, and exploring various scenarios, and in doing so I aim to guide prospective buyers in making informed decisions that align with their financial goals and preferences...
Specific to Andalucía and therefore Sotogrande, the wealth tax as applied to property, has been a big concern....
What TAXES and associated costs must be paid on an ONGOING basis to keep a property in Sotogrande.
What TAXES and associated costs must be paid when SELLING a property in Sotogrande, Spain.
What TAXES and associated costs must be paid when BUYING a property in Sotogrande, Spain.
The Real Estate sector could begin to grow and become an interesting asset class for both homeowners and investors...
Plusvalía municipal (Municipal capital gains) is a local tax payable to your local town hall upon the sale of your property.
Capital Gains Tax (CGT) is applied to stocks, property, government bonds, and any other assets and investments once you sell, and of course as long as you have made a profit. There is a difference in the rate of tax, depending on if you are a tax resident of Spain...
The Junta de Andalucía has now passed into law the lowering the ITP tax (ITP is the tax paid by the buyer when buying a property). This means that BIG SAVINGS will be made by buyers purchasing resale properties where ITP is the due tax!!! Learn some examples..
As of today 29th April 2021 the rates of ITP have been reduced in Andalucía. Bottom line you will pay less property tax when you buy a resale property between now and the end of the year.