09 Jun 2013 9:40 AM:

I have a duplex apartment down the road from Torrevieja, near Campo Amor. It is on a large complex, bought off plan in 2005.
It seems to be worth about half its original value having fallen sharply after 2008. Onlyabout a third of the apartments on this pleasant development near 3 golf courses have been sold, and many others, actually on the courses themselves, are up for sale.
There is such over- supply around here that I do not see the prices lifting any time soon. However, those living there seem to be maintaining their homes well and the communal areas are kept nice by the residents' association using the 500 euros per year contributions from us all.
I come and go, as it is my bolt hole in the sun.

The bottom line is, it is not worth selling unless you have to, and a good time to buy if you want to.

Thread: Housing prices are on the rise in some coastal areas

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29 Aug 2012 6:53 AM:

 I really recommend using a spanish accountant rather than a lawyer for this. I use Andy Garcia of the company Angar Taxation service". They are excellent, do all the work for you - go to the office  pay the bill and obtain a receipt. Their fees are extremely reasonable .

I have used them for 5 years and it means I have no tax worries in Spain at all. I am not rsident for the whole of the year so this gives me great peace of mind.For most people it would not be worth the time and trouble to do your own returns unles you are very familiar with the system.

Steve

Thread: paying non resident tax

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