Spanish property Tip #5 - What will be the implications of the Brexit for the Spanish property market?
Last 23rd of June 2016 will go down in history as one of the key dates for Europe. The unexpected result has provoked a wave of insecurity about what is going to happen with the Spanish property market. The situation as it stands in the last three quarters is a decline in British buying properties in Spain, while other foreign nationalities like the French and German are not following this trend. UK property investors, Britons owning a property in Spain and estate agents located along the Spanish coasts are all worried on what is going to happen when article 50 gets invoked. In Tip #5 we explain the consequences of what the Brexit has and will have on the Spanish property market.
Spanish property Tip #4 - Did you buy a bargain property in Spain?. The Spanish administration will try to penalize the buyer and the seller with extra taxes.
The Spanish tax office might send you a letter claiming extra taxes if you had to sell your property at a loss or if you bought a property that was under the market value. In Tip #4 we explain what the consequences are for both buyer seller and how to act on it.
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