Opinions, advice and fresh thinking from Costa Activa’s experts.

Work begins in the commercial center of Benidorm with an investment of 210 million euros

The multinational Unibail Rodamco has projected a commercial center in a space of 58,000 square meters that will be finished in 2020 The mayor emphasizes that the commercial center will create 2,700 jobs and will be “the most sustainable in Spain” The French multinational Unibail-Rodamco has already begun the construction of a shopping center in the industrial estate of Benidorm, which will have about 58,000 square meters, which will be completed by the beginning of 2020. This noon the mayor,…

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Spain Property Renaissance Gives Life to Stock Turnaround

Spain Property Renaissance Gives Life to Stock Turnaround Sergio Berdion lived his whole life in Madrid until 2012, when Spain’s real estate collapse drove him to Chile in search of work. Last year he came back. “Things are definitely better,” said Berdion, 36, who works as an intermediary between architects and building contractors. “I don’t know if we’ll ever get back to the boom days, but there’s more and more work.” The pickup that allowed him to return home is…

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Do I have to pay capital gains tax on capital gained from the sale of my property in Spain?

Do I have to pay capital gains tax on capital gained from the sale of my property in Spain? It is widely known that Spain is a very attractive tourist destination for residents from the EU. Moreover, it is also a favorite destination for those who decide to go into retirement. It is therefore not surprising that many EU citizens have moved to Spain to enjoy the sun, the beach and the tranquility of this country. In majority of the…

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MORTGAGE NEWS: Mortgage base rates back to historic low

After a small blip last month, Euro mortgage base rates have headed back down to a new historic low as lending expands in Spain, giving the Spanish property market a boost. 12-month Euribor – the rate typically used to calculate mortgage repayments in Spain – fell to a new low of 0.161 in August, a percentage decline of 3% in a month, and 65.7% in a year, reducing monthly mortgage payments for many borrowers in Spain. Repayments on a mortgage…

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BBVA: Spanish house prices to recover “gradually”

The positive trend of rising home sales seen in the first half of the year will continue in the second, but house prices will lag behind, says BBVA, Spain’s second biggest bank. The “Real Estate Flash” report prepared by BBVA Research points out there were 188,432 homes sales in the first half of the year, an increase of 7.9% on the same period last year, according to data from the General Council of Notaries. Rising sales were driven by expanding…

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Russian Ruble Decline Hitting Spanish Property Sales

The falling ruble is starting to impact Spanish property sales to Russians, who have been among the most active foreign buyers in recent years. Queries from Russia are down 60 per cent in recent months, according to Agustin Ramirez, founding partner of Costa Activa, a Spanish estate agency with a large share of the Russian market. While the decline may be attributed to various factors, including the turmoil in Crimea, the biggest influence has been the depreciation of the ruble,…

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