20 Nov 2011 12:28:

My Valor Catastral increased also by 150% for 2011.

 

 The Manilva rates bill shows the "Ano V Catast/Ano Ylt. Rev " to be " 2011/2011"  - my understanding of that is that the valuation will only impact wealth tax for 2011 that is to be paid by Dec 2012?    

My agent who pays for tax (for a modest sum - PM me if you want the contact details)  reports that

 next years (2012) payment of  the wealth tax will be  Euro 358 !

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20 Mar 2011 14:38:

Jek,

"Capital appreciation" - I would suggest captial depreciation would more likely apply in Spain for the next two to three years at least..

Four factors to consider:-

1. Interest rates are rock bottom. They can only rise and when they do the market will continue to be flat in money terms (and fall in real terms).

2. Real earnings are currently falling in Europe.  Therefore affordability and ability to borrow both impact.

3.  There are still many owners of Spanish property yet to liquidate - fire sales galore.

4. Supply and Demand.  Too many surplus properties.   Its a buyers market - and I would expect rents to fall in Spain.  If I were renting I would be looking to enjoy falling rent for the next few years with plenty of supply and deperate owners.

The UK ,market is of course is another matter but I assume this thread relates to Spain.

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13 Mar 2011 22:45:

I've done the sums a few times.

Right now if you rent AND wisely invest the money SAVED that you would have laid out on the deposit, solicitors fees, notary, mortgage fees etc etc  you will be better off in the long term renting.

Off course if you smoke and drink the savings you make renting, then yes in  20 years time you are worse off.

I've run these numbers through DCF model with various assumptions.

It's the converse of buy to let.  Would you invest in buy to let in Spain right now?   Will your net rental yield cover all your outgoings and give you save 5% return after repairs, insurances, cleaning, furniture, fittings, community charges, IBI  and allowing  for periods of zero occupancy?  Hell no !

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06 Mar 2011 05:08:

Maybe Spain is the trend setter here ?

According to http://www.mpgforspeed.com/   optimal speed for average car  is 88.6 kps

 - 3% less efficient at 60 mph - 98.5 kph
      - 8% less efficient at 65 mph  - 104 kph
      - 17% less efficient at 70 mph - 112.6kph
      - 23% less efficient at 75 mph - 120.7
      - 28% less efficient at 80 mph - 128.7

So raising the limit in the UK from 70 to 80 mph   is giving drivers the freedom to legal waste more of a precious, scarce and dwindling resource.

Until we get vehicles designed with  lower drag it wlll always be thus.

I'm a futureologist and environmentalist.  Unfortunately we are like naughtly children and we need enforced laws to make us act responsibly.

I say well done Mr. Bean.   If you don't like driving slower - stay at home  or get a cycle. 

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02 Jan 2011 20:22:

Well Bobaol as a society we are far much more addicted our cars than to cigarettes.  It's so much easier to ban cigarette smoking in public places than it is to even  introduce mild counter measures to  moderately reduce the use of cars (through ledislation)  with their polluting internal combustion engines, irrespective of the greater damage by cars to public health with their impact on climate change, noise pollution, danger to pedestrians, and toxification of even most remote parts of the globe such as the antarctic. 

 

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