KK78

Im not buying as a investment. It will be a holiday home but let during school holidays.

I was doing a self build, but with inflation, estimated costs are spiralling and I don’t want a mortgage. Thankfully the value of the plot has gone through the roof.

Im thinking of selling and buying a property in Los Cristianos for cash.

Hopefully Los Cristianos is a safe bet in terms of retaining value.

bobd22

many including myself retain property in both Spain and UK so your speculation may or may not be correct depending on individual circumstances. Property prices crashed in Spain well before Brexit so yes property purchase in Spain if someone did it as an investment was not a good bet but I don't see that Brexit has caused house price rises in the UK? Some will have taken advantage of that crash buying low and depending on area may have made a profit in Spain. I would add I am not one such person.

bobd22

I was referring to refugees from Ukraine

Ronnyone

One of the main problems is the tax and cost involved in Spain. With approx 10 % cost on buying plus selling costs you need quite a healthy mark up to do anything but break even. I would also wager that Spain is going to have face another crash this year given that inflation and cost of living is going to be very high if the war continues. Interests rates will soon be increased in the EU meaning mortgage rises. I cant see how anyone believes that will lead to more people buying property.

KK78

You’re the ones paying for the Russian weapons killing Ukrainians.

We have and will happily take Ukrainian refugees.

Don’t make them wait 30 years to join the EU. Let them have our old spot.

KK78

The 10% tax on buying borders on criminal. Ive just read about the 27% deducted from any rental income.

I had noticed the market in Spain is slow with many properties on the market for over a year.

I assumed this was because I was looking in expat areas. More U.K. owners are selling Spanish property post Brexit, and less are buying.

I did read the Mallorca and Tenerife prices avoided the market crash but I don’t know if that is true?

I want to buy a place in Los Cristianos to keep long term. I would spend 6 months a years there, and my Dad could use it for most of the other 6.

Seems renting in school holidays could be more hassle than it’s worth. If I do i think I would advertise it in the U.K. and deal with it myself.

bobd22

I am paying for Russian weapons? A bit of a bold statement. I take it you mean I and others living in the EU buy our petrol electric and gas from local suppliers I actually have no idea where Spain buys it from but very possibly it does or did get some from Russia. Other options open to me are? Yes UK has taken some Ukraine refugees but Mrs Patel has made it very difficult for them that's for sure. Other EU countries did not demand the level of paperwork or difficulties that the UK put in front of these women and children. I'm sure at some point in the future they may well become an EU member time will tell on that.

bobd22

Anyway given we are way off the issue the post was about I will leave it there.

KK78

The EU are funding Putins invasion.

Mrs Patel has finally taken action against 500+ young male economic migrants arriving illegally daily.

Other EU countries don’t have the migrant situation we do. Like I said they pass through EU countries including France, then risk their lives to get here.

I guess the EU isn’t as welcoming. Tells you everything about EU attitude to “refugees” compared to the U.K.

Macron said 30 years. Disgrace.

I agree. Leave it.

growinspain

I see you have joined another Spanish forum to belittle the EU. If you want a few more, email me.. HaHa

Other than Poland, Spain has taken in a lot of refugees from the Ukraine, actually given them residency with no time limit and providing schooling for them..
Spain also has one of the largest Ukraine expat communities in the EU.

The uk is giving money and weapons as they do not have the room to house their own citizens; never mind refugees.

You say you want to move to tenerife. Did you know there are more african immigrants rowing there weekly/daily than onto the island you are from?

Do not really wish this on anyone, but be very careful of ocupa when you purchase your rental property.. They look for your type.

growinspain

Spain also uses more Algerian/African gaz than any other countries gaz so no, they are not helping russia buy weapons...

growinspain

I think Turkey might be the best option for you to purchase a property to just "rent" out.

growinspain

Sorry Rosemary, I thought the newbe created a new thread...

As to the thread topic - nothing new in negotiations from this week...

Ronnyone

Not sure how au fait you are with some Spanish laws. You have to register any rental property you have and submit accounts quarterly. You therefore need to buy a rental licence. You are tax on your rentals irrespective of your residency. Fines are given for anyone avoiding this. Remember as a non resident you will also face a property tax as a non EU member.

Ronnyone

Where on earth do you get your information from. Have you any idea how many immigrants arrive in Spain each week from the African continent. ? Have you any idea of how many immigrants are taken by countries like Greece and Germany? The UK has a very small amount compared to some European countries.