Little Real Estate

According to a report by one of the most important business appraisal companies, Tinsa, the price of housing in Spain has fallen by almost 20% since the bursting of the housing bubble and subsequent economic and financial crisis, that is, since 2008.

Specifically, the price of housing has fallen by 19.5% in these years, which makes perfectly clear mismatch situation where we were and the adjustment that is occurring in a sector that is clearly overvalued and still needs some adjustment, which is still produced each month.

In fact, last February, the house prices fell by 4.5%, partly due to the completion of the tax relief that caused an advancement of purchases until December 2010, and partly for the sector adjustment continues to make every month.

However, this adjustment does not occur at the same speed in all places because it is receiving some differentiation between the adjustment in the central areas of cities and places beyond, as well as in coastal areas, nurseries for second residences, where housing prices are plummeting. Read the rest of this entry →

- The revenues in rent are tax benefits in the Income Tax of Individuals. Deductible, among others, all necessary expenses to obtain the income, state taxes and surcharges, the costs incurred in the execution of the contract, maintenance and repair costs and the amounts for supplies.

- Allow an empty house has several drawbacks. On the one hand, there is a danger that it will deteriorate over time and therefore losing value. On the other hand, involves a number of expenses that must be faced without a choice such as payments received from the community and tax payments as Real Estate.
Your home as collateral.

- Having an income from the rental of a dwelling may serve as collateral when applying for bank loans, either for their own interests or those wanting to endorse.

- The Central Government and the Autonomous Communities are aware of the need to enhance the rental market and are working to facilitate the fight against bad practices of the tenants. Increasingly tenants behave better and the risk of damage to housing is not as high, although there.

Usually, the promoter will always require the consumer to take three types of expenses:

a) tax rate: For public deed of the conditions subsequent are taxable ITP / AJD Stamp Notary mode: the amount of the tax typically 1% of the amount deferred and guaranteed (principal and interest) with condition subsequent, unless the Autonomous Community has not established any particular type, so the applicable would be 0, 5%.

Example: If you postpone € 50,000 € 2,000 of principal and interest. The amount to be paid under this heading in Madrid in 2009 is: € 5,200 (1% * € 52,000)

Little Real Estate has found that, although the promoter Treasury under obligation to pay the tax (taxpayer), it is ultimately the buyer who pays for it by covenant. Situation on the other side is not so strange to be enhanced also with the postponement

b) type of attorney: The deeds are documenting conditions subsequent documents and therefore amount accrued fees

Example: If you postpone € 50,000 € 2,000 of principal and interest. THE amount to be paid for this concept map for a dwelling would be protected from 230 € (VAT exempt)

c) type registration: Registration of a condition subsequent registration fees accrued Read the rest of this entry →

Is it time to buy property? How much will I return if I buy now and not in 2011? I buy before the rebate or wait for prices to continue falling? These are some of the questions that are being considered potential buyers before the end of the tax deduction for housing, which will take effect next year.

Starting next year, only those who earn less than 24,107.20 euros able to deduct the purchase of the residence, whether the house is second hand as if new, even if the property is still under construction.

Thinking of those buyers who have not yet been decided, Roan has been organized in Madrid a rake property with a bid of 400 flats at greatly reduced prices. Thanks to an expert and completely customized, future owners will answer all your questions about the end of the tax deduction for home purchase. They may also perform simulations of the tax savings involved in the purchase of the home chosen before and after the end of the year.

Roan rake in this weekend may find such interesting offerings as a floor of 52 square meters and two rooms located in Vallecas, by 95,000 euros. Those looking for something more central, in full sun can buy a flat in a room of 40 meters, for 199,000 euros. For 300,000 euros, those who prefer the Retiro district may acquire an apartment of 80 square meters, with 2 bedrooms. Read the rest of this entry →

Are exempt from property tax the following:

* The State property of the Autonomous Communities or local bodies directly affects national defense, public safety and educational services and prisons;

* The commons of the towns and mountains in hand neighborhood common

* Member of the Catholic Church.

* Those of non-Catholic religious associations legally recognized with the establishment of cooperation agreements in this regard.

* The Spanish Red Cross.

* Those of foreign governments for diplomatic or consular representation, or its agencies, on condition of reciprocity and under international conventions in force.

* Those of those agencies or entities to which the exemption is applicable under international conventions.

* The land occupied by railway lines and buildings nestled on the same grounds, which are dedicated to stations, warehouses or any other services essential to the operation of such lines.

* The declared in individual monument or historic garden of cultural interest.

* Sets protected historic, real estate forming part of National Heritage, heritage, castles protected monuments older than 100 years protected and granaries of not less than 100 years existing in Asturias.