The Sunday Times featured the potential for Spanish property deposit recovery on June 5th on page 8 of the News section of the paper. You can read the article here.
An article on Reclaiming a Spanish Property deposit appeared in the Irish Times on May 21st 2016. You may need to read this piece for further information on the issues involved.
If you would like to consider buying a property in Spain then researching that purchase in advance is a very good idea. But where do you start?
Golden Visa threshold increase, banning of holiday rentals, non-Spanish residents being required to declare overseas assets and a reduction in the notice period required of tenants who wish to leave a property. It appears the Spanish government really doesn’t want overseas investors to prop up its ailing property market.
Spanish Property Prices are quite variable. There have been some increases in the Canaries and Balearics but continuing bad news on the mainland as prices continue to stagnate.
Prices for bank repossessed properties in Spain have fallen by 43% from their peak. Experts believe there are further price falls to come in 2012.
Price falls of up to 50pc can be found in coastal Spain, so if you are in the hunt for a Spanish holiday home, now may be a good time to start looking.