Looking around there seems to be a vast difference in prices in the same locations as much as 30 thousand.
Is this a general trend now?

Maybe I should have added this to the handing in keys thread sorry

Hi

The trouble here in the Cadiz area and maybe in other area's as well people just really charge what they want and then just sit tight until they get it.

When we put our house on the market we had some agents telling us to put in on for over 30K more than we thought because there were some houses in the area that were going for that price but most were in the price range we thought. It would appear to me that most Spanish people are not really bothered if they sell and just won't come down in price.

I agree - I've seen locals have a property up for sale for 2+ years and then put the price UP?

Might be a bit different in the costas (I don't consider Luz as a "costa") that have a lot of new properties still owned by the developer or properties for sale by foreigners, but in this area a lot of the older stock has been owned by "the family" for years and has no mortgage on it, rather than be wealth taxed with the cash in the bank they seem to have been happier to wait for the big one to come along.

Prices have always varied, sometimes by more than that, depending on which agents window you look in.

off topic but a word of warning, check but I don't think it only applies to cash in the bank.....even if it is at 0% at the moment!

Thanks, I am aware of that, just wanted to point out that if they sold for say euro 100,000 they would expose themselves to wealth tax potential, whereas the valor catastral (or whichever is used for wealth value) is often a small percentage of the real value due to having had the property in the family for donkey's years.

That would be CGT, not wealth tax.

And wealth tax no longer exists for liabilities from this year

?? Only just got used to the notion that it's actually been reduced to 0% which may of course be changed back..... give me a link plse Mitzy, OH would be here 100% of the time if we could get a clear handle on it!

I havent searched for a link but my solicitor, gestor have advised it (you still have to pay for last year) and also I saw on another forum someone also who had been advised the same by legal source

If its wrong then theres a lot of professionals out there under the wrong impression

I'll do some searching to see what I can find

I think Beachcomber has already posted the relevant excerpt from the BOE re wealth tax on here in the last couple of weeks, it's certainly on another forum.

It has just been reduced to zero at the mo. ;-))
It was on another thread here.

Thats right, its not actually been abolished but reduced to zero because for some reason they couldn't actually abolish the law

That's what I thought - so as and when they need more tax in their coffers they can slap it back on again. Unless of course it's been written in some kind of way to ensure that doesn't happen.. hence my paranoia


ps:
I can't add this in a link cos it was on a pdf which I finally managed to open from yonks ago.... only a paragraph so hopefully permitted. Anyone fluent enough to translate?
Artículo tercero. Modificación de la Ley 19/1991,
de 6 de junio, del Impuesto sobre el Patrimonio.
Se introducen las siguientes modificaciones en la
Ley 19/1991, de 6 de junio, del Impuesto sobre el Patrimonio:
Uno. El artículo 33 queda redactado de la siguiente
forma:
«Artículo 33. Bonificación general de la cuota
integra.
Sobre la cuota íntegra del impuesto se aplicará una
bonificación del 100 por ciento, a los sujetos pasivos
por obligación personal o real de contribuir.»
Dos. Se derogan los artículos 6, 36, 37 y 38 y la
disposición transitoria.



Re house prices: I've had the impression from word go that people ask what they feel like, employ multiple estate agents who add what they feel like, and at the moment nothing but nothing is selling round here anyway!