Property Supplement CBS 20-26 June 2024 Issue 2033

Costa Blanca Property Supplement:

An ideal introduction to living in this special area

IF you’re considering purchasing property in sunny Spain, whether for relocation or a change of scenery, you’ve come to the right place.

Explore a collection of articles that aim to simplify the process of buying real estate in Spain.

From the busy city streets to the tranquil shores of the Costa Blanca, the area offers a diverse range of landscapes and lifestyles to cater to every preferen-

ce. Whether you envision a charming villa situated in the hills or a modern apartment with a view of the Mediterranean, these articles are tailored to provide essential insights and practical guidance.

We cover important topics such as navigating legal requirements, understanding local real estate trends, and discovering hidden treasures that could soon be your new home.

Each article is crafted to empower you, the prospective buyer, with the knowledge needed to make well-informed decisions and confidently embark on your journey to owning property in Spain.

Inside you will find a collection of useful articles and advice from local companies which will help you find your dream property and discover a range of services you may need.

BEING the second generation, we are a dynamic and professional company.

We will help you find the right home on the Costa Blanca for your family with professionalism and honesty.

Our extensive portfolio of homes allows us to offer you the sale and rental of homes in Campoamor, La Zenia, Playa Flamenca, Cabo Roig, Villamartín, Torrevieja, La Mata.

New construction homes, second-hand homes such as apartments with sea views, luxury chalets, bungalows, duplexes with a plot.

For rent we can offer you long-term rentals such as holiday rentals in Orihuela Costa, whether it is a villa, apartments or townhouses.

Real estate investment products such as hotels, lots, petrol stations, being able to help you manage them.

If you plan to sell a home in Orihuela Costa or Torrevieja, Ibero Homes is your real estate agency in the south of the Costa Blanca.

We will carry out a totally free appraisal of your home and we will propose a professional business plan to sell your home in the shortest possible time.

Through our commercial network of agents both nationally and internationally in France, Norway, Belgium and Russia.

We have clients looking to buy their home on the Costa Blanca.

We have our after-sales service through which we will help you in any incident that occurs after the purchase as well as the changes, modifications or reforms that you want to undertake.

In the south of the Costa Blanca, Orihuela Costa and Torrevieja we have a microclimate that gives us more than 335 days of sunshine a year and enviable temperatures throughout the year.

You will find beaches of fine sand that have the highest international award, the Blue Flag.

A good number of 18-hole golf courses and very well connected by road, rail and two international airports from which to fly anywhere.

Av. de las Adelfas 18, BAJO | 03189 Dehesa de Campoamor | Alicante | 609 681 505 | iberohomes.com

Urban Living

URBAN living often means adapting to smaller living spaces, but with smart design solutions, even the tiniest apartments can be both functional and stylish. Here are some strategies to maximise small spaces in city homes:

Multifunctional Furniture

Investing in multifunctional furniture is key. Look for pieces that serve multiple purposes, such as a sofa that converts into a bed, or a dining table that doubles as a workspace. Foldable and stackable furniture can be tucked away when not in use, freeing up valuable floor space.

Vertical Storage

Utilising vertical space is essential in small apartments. Shelving units that reach up to the ceiling provide ample storage without occupying floor space. Wall-mounted storage solutions, like pegboards or floating shelves, can keep essentials organised and accessible while maintaining a clean, uncluttered look.

Built-In Solutions

Custom built-ins, such as window seats with storage underneath or built-in bookcases, make the most of every nook and cranny. These tailored solutions often blend seamlessly with the architecture, enhancing both function and aesthetics.

Light and Colour

Light colours and ample lighting can make a small space feel larger. Opt for a light colour palette for walls and furniture to create an airy, open atmosphere. Mirrors can reflect light and give the illusion of more space. Maximising natural light with sheer curtains or strategically placed furniture also helps.

Declutter and Organise

A minimalist approach to belongings can dramatically increase the perceived space. Regularly declutter and keep only what is necessary. Use storage boxes, baskets, and organisers to keep items neatly stowed away.

Streamlining your transition to Spain: A

Guide to help you obtain a Non Lucrative Visa

Q . Hi Alex. Firstly tell me a bit about yourself and your firm.

A. My name is Alejandro Sanchez Garcia and I’m the managing director of Legal and Tax In Spain and SG International Legal & Tax Services, a firm of solicitors and accountants. We’ve been helping expats since 1999 with all types of legal and fiscal queries. We help people looking to purchase a property in Spain either as a holiday home or on a permanent basis. We also help people wishing to set up businesses and we give basic and complex tax advice.

Q. Can I just move to Spain if I want to start a new life there?

A. Unfortunately it’s not as simple as that. If you’re retired or won’t be working when you come to Spain and you have a British or any Non

Why the Costa Blanca?

THE Costa Blanca South, particularly the Alicante Province, offers one of the healthiest climates globally, as recognised by the World Health Organisation. This is attributed to its mild weather yearround and low humidity levels, influenced by the drying effect of the salt lakes.

The climate has proven beneficial for individuals with conditions like arthritis, as the absence of cold and dampness alleviates symptoms, prompting many to relocate or invest in holiday homes in the area. The region boasts a subtropical Mediterranean climate, providing approximately 3,000 hours of sunshine annually and an average temperature exceeding 20°C.

Sea breezes cool the summer heat, while surrounding mountains shield from cold northern winds in winter, resulting in up to 325 sunny days each year. The Costa Blanca spans 200 kilometres of coastline in Alicante, earning it the moniker ‘The White Coast’.

Its stunning beaches, including Guardamar Del Segura, La Mata, La Marina, and Orihuela Costa

EU Passport, first of all you will need to have a Non Lucrative Visa (NLV) in place. You need to be aware that if you apply for the NLV you will become tax resident in Spain and will have to present a tax return in Spain. You pay taxes based on ALL your worldwide income. It is important BEFORE applying for the NLV that you organise a TAX PLAN with our chartered accountant’s team.

Q. Are there any specific requirements to get the Visa? How can I get one?

A. Yes, you need to be able to show that you have no criminal record and also that you don’t suffer from any diseases that could have serious health consequences. You’ll also need to take out prívate health insurance or, if you’re a UK pensioner, you can provide the S1. You also need to show that you have sufficient financial means to support you and your family once you’re in Spain. We prepare all the paperwork ready for you to present your application at an appointment at the Spanish Consulate office nearest to where you live in the UK (either London, Manchester or Edinburgh).

Q. What happens afterwards?

A. Once your Visa has been approved it gets stamped in your Passport. You will then be able to enter Spain. You must do this within a maximum

of three months. Upon arrival you need to register your address in the municipality where you’ll be living and you’ll get a certifícate known as a Padron. Within one month of arriving in Spain you must have an appointment at a specified Police station or Foreigner’s Office in the región where you live in order to register your fingerprint and obtain your TIE card (foreigner’s identity card).

Q. I don’t speak Spanish. How can I get the TIE card?

A. Don’t worry - we organise everything for you and will guide you through all the steps of the application process.

Many thanks for this interesting information Alex.I’m sure it will be of great benefit to our readers.

T 687 069 460 | info@legalandtaxinspain.com legalandtaxin spain.com

Resorts, offer ample options for relaxation and recreation. Golf enthusiasts will find a diverse selection of courses in the Costa Blanca South catering to all skill levels.

From beginner-friendly courses to championship-level venues like Las Ramblas, Dehesa de Campoamor, Villamartin, La Finca, Las Colinas, and La Marquesa, there’s something for everyone.

The affordability of properties in the Costa Blanca South makes it an attractive option for buyers seeking holiday homes or permanent residences.

Buyers often find they can get more value for their money compared to other regions.

Anna Ellis

Smart Homes: The Future of Real Estate

Highlight properties equipped with the latest smart home technology, making life more convenient and connected

IN today’s fast-paced world, smart home technology is revolutionising the real estate market, offering unprecedented convenience and connectivity. Modern properties are increasingly being equipped with advanced systems that integrate seamlessly into everyday life, enhancing comfort, security, and efficiency.

Imagine controlling your home’s lighting, heating, and security systems from a single device, whether you’re at home or miles away. Smart thermostats learn your schedule and adjust temperatures for

optimal energy savings, while intelligent lighting systems can be customised to create the perfect ambiance for any occasion.

Security is bolstered by smart locks and surveillance cameras that provide real-time alerts and remote access.

Voice-activated assistants like Amazon Alexa and Google Home allow homeowners to manage various tasks hands-free, from setting reminders to playing music. Smart kitchens feature appliances that can be controlled remotely, such as ovens that preheat

Sustainable Homes: Eco-Friendly Real Estate Trends

SUSTAINABLE homes are at the forefront of modern real estate, reflecting a growing demand for environmentally responsible living spaces. These properties are designed with a focus on minimising their ecological footprint, utilising green building materials, energy-efficient systems, and innovative design practices to create healthier and more sustainable living environments.

One of the most significant trends in sustainable home construction is the use of eco-friendly building materials. Recycled steel, reclaimed wood, and bamboo are popular choices that reduce waste and lessen the impact on natural resources. These materials are not only sustainable but also durable and aesthetically pleasing, providing a unique and attractive appeal to modern homes.

Energy efficiency is another cornerstone of sustainable homes. High-performance insulation, energy-efficient windows, and solar panels are increasingly common features. Solar panels, in particular, harness renewable energy from the sun, significantly reducing reliance on nonrenewable energy sources and lowering

utility bills. Some homes are even designed to be net-zero, producing as much energy as they consume.

Water conservation is also a critical aspect of sustainable home design. Lowflow fixtures, rainwater harvesting systems, and drought-resistant landscaping help to minimise water use. Smart irrigation systems that adjust watering schedules based on weather conditions further enhance water efficiency.

Indoor environmental quality is prioritised through the use of non-toxic paints, natural ventilation systems, and advanced air filtration. These features ensure healthier indoor air, reducing the presence of allergens and pollutants.

Sustainable homes not only benefit the environment, but also provide significant long-term savings for homeowners through reduced energy and maintenance costs. As awareness of environmental issues grows, these eco-friendly real estate trends are setting new standards for the industry, making sustainable living an achievable and desirable goal for many.

before you arrive home or refrigerators that notify you when supplies are low. The integration of these technologies not only adds convenience but also increases the property’s value.

Buyers are increasingly seeking homes with smart features, recognising the long-term benefits of energy efficiency, enhanced security, and the sheer convenience of a connected lifestyle.

As technology continues to evolve, smart homes represent the future of real estate, setting new standards for modern living.

The solution that best fits your needs

TOTAL ACCESS offers expert solutions for individuals facing accessibility challenges at home. This rapidly expanding Alicante-based company specialises in addressing the needs of individuals with conditions like arthritis, wheelchair users, or those who struggle with stairs.

They source their high-quality products from top manufacturers in the Netherlands, Germany, and the UK, and have a dedicated team of skilled installers to ensure efficient and professional installation of your new equipment.

The company’s portfolio includes stairlifts, home lifts, platforms, and even swimming pool

lifts, all designed to enhance the quality of life for those finding daily tasks increasingly difficult. A recent client, Mr Timms, engaged Total Access to make his home fully accessible for his wheelchair-bound grandson, enhancing their family gatherings.

From installing a heavy-duty horizontal platform at the entrance to a portable pool hoist and a small ramp in the living room, Total Access provided tailored solutions to eliminate the barriers in Mr Timms’ home. The company stands by its reliability, often completing installations in just one day, and offers insured work to alleviate any concerns.

Minimalist living

MINIMALIST living, characterised by simple and elegant interior design, emphasises the beauty of simplicity and the function of space. This design philosophy strips away excess, focusing on the essentials to create environments that are both serene and sophisticated.

Central to minimalist interiors is the concept of ‘less is more’. Spaces are uncluttered, each item chosen for its functionality and aesthetic appeal. Clean lines, neutral colour palettes, and natural light dominate, creating an atmosphere of calm and openness. Fur-

niture in a minimalist home is often sleek and functional, with a preference for quality over quantity. Pieces are strategically placed to maximise space and flow, avoiding overcrowding and ensuring that each item has a purpose.

Materials play a crucial role in minimalist design. Natural elements such as wood, stone, and metal are favoured, adding texture and warmth

Clients can expect a home visit from Total Access to assess their needs and receive an immediate, personalised proposal, with consideration for financial constraints and potential financing options. With a unique confidence in their service, Total Access allows customers to retain 10 per cent of the cost for two weeks post-installation to ensure complete satisfaction.

Visit their showroom in Callosa d’en Sarrià, Alicante, or contact them on 900 525 920 or via email at info@total-access.es. For a comprehensive overview of their services and the latest equipment, explore their bilingual website at total-access.es.

without overwhelming the senses. The use of these materials in their most natural state enhances the simplicity and elegance of the space. In addition, the minimalist approach often includes smart storage solutions to maintain an organised and clutter-free environment, reinforcing the notion that every item has its place.

The beauty of minimalist living lies in its ability to create spaces that are not only aesthetically pleasing but also promote mental clarity and well-being. By reducing visual noise and emphasising order, minimalist interiors foster a sense of tranquility and focus. This design style encourages mindful living, where the emphasis is on appreciating the quality and craftsmanship of a few well-chosen pieces rather than the accumulation of many.

In essence, minimalist living is about creating harmony and balance through simplicity. It is a celebration of space, light, and form, where elegance is achieved through restraint and thoughtful design choices.

Ever Expanding Horizons with 5 Real Estate

IN the property industry evolution is key and 5 Real Estate stands at the forefront of transformation and growth. Our unwavering commitment to excellence and innovation has paved the way for the continued exciting expansion of our network.

We are thrilled to announce the opening of three new offices in Pinar de Campoverde, Pilar de la Horadada, and Rojales, marking our continued commitment to serving our clients across the Costa Blanca and Murcia Region, with unparalleled professionalism and expertise.

Why Choose 5Real Estate?

At 5 Real Estate, we pride ourselves on the principle of a Fixed Fee from only €999, with no added commission, ensuring

our clients enjoy the most cost-effective real estate transactions in Spain. The strength of our brand and value proposition set us apart from the norm when buying and selling your home, offering a straightforward, transparent process with no upfront fees or hidden costs.

We are very optimistic about the outlook for 2024 and beyond. We’re not just growing; we’re setting new standards in real estate service excellence.

The Ideal Time to Act

With spring upon us and summer not far behind, there’s never been a better time to enter the market. Whether buying or selling, leverage our expertise and market insight to make informed decisions. Last year alone, we saved our

Prefab loan

MODULAR houses are gaining popularity in Spain due to their quick construction time and costeffectiveness compared to traditional homes.

If you’re considering financing a modular home, it’s important to understand that mortgages for prefab homes differ from traditional mortgages.

To build a prefab house in Spain, you need to buy a plot of land that is legally buildable and purchase the modular house, which will then be installed on the purchased land. Paying for a prefabricated house involves similar steps to purchasing any other type of home. The primary difference is that it is advisable to buy the land first.

clients over €2.7 million in added commissions, compared to traditional estate agency charges of 5 per cent.

Join the ranks of satisfied clients, who have registered hundreds of 5-star reviews with Google, and chose 5 Real Estate for a seamless, cost-effective real estate experience.

Embark on Your Real Estate Journey with 5Real Estate

At 5 Real Estate, your property dreams are our mission. With innovative solutions, a fixed fee structure, and an expanding network of offices, we are your go-to real estate partner on the Costa Blanca and Murcia Region. Don’t wait - discover how we can help you,

Discover

ADVERTISING FEATURE

Pinar de Campoverde:

Located at the foot of the Sierra de Escalona mountain range, just 10kms from the coast, this charming village offers a diverse selection of properties. If you are interested in selling or buying here then visit our new office at Avenida Reina Sofia, 8 where a warm welcome awaits you.

Pilar de la Horadada:

This southern gem in Alicante is a hotspot for expatriates and property seekers alike. With a range of affordable properties, your perfect match is waiting. Alternatively, if you are seeking to sell then find out more by visiting us at Calle Mayor 17 we’re here to help!

Rojales:

Experience the heart of traditional Spain in Rojales, a vibrant community with a mix of nationalities and a wide selection of properties to fit every budget. Explore our listings starting at around €60,000 for apartments up to villas from €150,000. If you are in the market to sell, then the best place to start is our office at Calle Francisco Serrano, 7.

Once you own the land, you can apply for a mortgage to cover the construction costs, which increases the likelihood of loan approval as the bank will need to lend less money. Mortgages for prefab houses share many conditions with traditional mortgages. Typically, the mortgage will not exceed 80 per cent of the house price, requiring you to cover the remaining 20 per cent and an additional 10 per cent for completion costs.

The key difference is that a construction loan is required for a prefab house.

Construction loans are specifically designed for individuals building their homes. The bank releases funds progressively as construction milestones are achieved. Not all prefabricated houses qualify for a mortgage.

To be eligible, a prefab house must be considered real estate, which means it must have a foundation securing it to the land, be located on urban land, have a building permit, comply with local regulations, be supervised by an architect, and be registered in the Land Registry.

Image: Las Casas Modulares / Facebook

Specialists in all Gate Automation Systems

THE Gate and Garage Door Company are based in the Costa Blanca South and have been working with automatic security roller shutter doors and gates including gate automations for over 30 years, they can supply and install or supply only a wide range of remote-controlled gates or roller doors as well as bespoke aluminium car ports in the Costa Blanca and Costa Calida.

Their popular Insulated Aluminium Security Automated roller shutter door is fully remote controlled with emergency access override and Anti-lift security feature built-in including a Safety obstacle detection sensor.

This Roller Shutter door can be used as a new replacement garage door,

George Cunningham

ALICANTE ranks fifth in Spain’s luxury real estate market, experiencing significant growth alongside the nationwide expansion, which encompasses approximately 41,000 properties. Among the provinces, Alicante stands out for its particularly robust growth. The Balearic Islands lead the market with a 24 per cent share, followed closely by Malaga at 22.5 per cent, Madrid at 12 per cent, and Barcelona at 11 per cent.

Alicante secures a 10 per cent share, marking a notable increase in real estate investment in regions previously considered less prominent. The luxury real estate market in Alicante attracts substantial foreign capital, although Spanish buyers also play a significant role. European investors, notably from Germany, Great Britain, Sweden, Russia, and Switzerland, are prominent contributors.

Additionally, there is a growing trend of purchases by US citizens and, to a lesser extent, Mexican buyers. Single-family homes, often situated on the beachfront or in mountainous areas, are the most sought-after properties in this market. Buyers, typically aged between 40 and 50 and often holding executive positions in large corporations, seek either secondary residences or holiday homes.

In the dynamic Spanish real estate market, the Costa Blanca region stands out for its continuous growth. British developer Taylor Wimpey España reports a remarkable 40 per cent increase in housing reservations in the area compared to 2023. This surge is driven by clients from 17 different nationalities, underscoring the rising popularity of the Costa Blanca for both residency and investment purposes.

security glass curtain protection shutter, replacement entrance gates, outside pool kitchen/bar shutters.

Electric Gate Automation Systems for residential sliding gates and double opening gates and garage doors.

We only use the best systems that are available including the full safety anti crush obstacle detection built in as standard with options for Wi-Fi mobile phone remote controls and battery backup for emergency.

Five-year warranty as standard with all our installations .

To book a free no obligation fixed price quotation please email sales@tggdc. es or Call/WhatsApp +34 608 208 170 or 644 585 312.

Luxury living

ARE you dreaming of sunny skies and siestas, contemplating a fresh start in the vibrant landscapes of Spain?

Whether it’s the bustling streets of Valencia or the serene beaches of the Costa del Sol, making the leap to living in Spain is as thrilling as it is significant.

One of the most crucial steps in this journey? Ensuring your legal affairs are in order, particularly when it comes to purchasing your new home in Spain.

At My Lawyer in Spain, we understand that moving countries can be daunting, especially when faced with navigating unfamiliar legal systems.

That’s why our team of seasoned legal professionals is dedicated to smoothing out the process, making your transition as seamless and stress-free as possible.

Choose My Lawyer in Spain

Why choose My Lawyer in Spain? Here are just a few ways we stand by your side:

Communication is key, and our multilingual team is here to converse in your language, ensuring you fully understand every step and detail of the legal processes involved.

From obtaining your NIE (Foreigner’s Identity Number) and residency, to comprehensive tax advice and property purchase processes, we’ve got you covered.

Looking to rent before you buy? We’ll walk you through understanding rental contracts. Thinking about the future? Let’s discuss Wills and long-term life planning in Spain.

With 15 offices strategically located throughout mainland Spain and the Islands, our experts are readily available, no matter where you choose

Key Values

Understanding different property valuations is crucial when dealing with property in Spain.

TWO key values to consider are cadastral value and market value. Cadastral value, known as ‘valor catastral’ in Spain, is the administrative value assigned to a property by the property registry. It determines property taxes and aims to ensure fair taxation. Factors influencing cadastral value include location, construction quality,

to call home. This extensive network allows us to offer insights and advice tailored to the specific region you’re moving to.

At My Lawyer in Spain, you’re not just another case number. We pride ourselves on building personal relationships with our clients, providing personalised support that considers your unique circumstances and needs.

Embarking on your Spanish adventure should be exciting, not overwhelming. With My Lawyer in Spain, you gain more than just legal assistanceyou gain a partner who is as invested in your dream as you are.

Don’t let the complexities of legal procedures dampen your spirits.

Reach out to us at enquiries@ mylawyerinspain.com and mention Euro Weekly News for a consultation.

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Let us help you pave the way to a joyful and secure life in Spain. We’re more than just your lawyers; we are your partners in making your dream a reality.

Welcome to your new life in Spain with My Lawyer in Spain at your side.

Costa Blanca Office: La Marquesa Commercial Centre Office 4C Calle Miguel Ángel Jimenez, Ciudad Quesada, Rojales 03170 Alicante

Javea Office: Centro Comercial Arenal, Avenida del Pla 126, Office 2.17, Javea 03730

Costa Blanca Office & Javea offices: 966 943 219 Find out more at www.mylawyerinspain.com

land value, property age, renovations, historical significance, and surrounding changes.

The value is adjusted annually based on government budgets but doesn’t reflect market dynamics. To prevent it from exceeding 50 per cent of the market value, a market coefficient of 0.5 is typically applied.

Market value, on the other hand, is what a

buyer is willing to pay for a property in the current real estate market. It fluctuates based on market conditions, demand, and economic factors, making it a crucial aspect of property transactions.

Understanding these valuations helps in making informed decisions when buying, selling, or owning property in Spain.

SPAIN has long been a dream destination for British expats, offering sunny weather, beautiful beaches, and rich cultural experiences. Whether you’re searching for a holiday home, retirement spot, or a new start, buying property in Spain can be both exciting and complex.

Here are some top tips on how you can simplify the process and save money. Before you start your property search, setting a realistic budget is crucial. Take into account additional costs like legal fees, taxes, and maintenance. Also consider the exchange rate between the pound and the euro, as this can have a significant impact on your budget.

Think about your long-term plans, whether renting out the property, using it as a holiday home, or living there permanently. Planning your finances effectively can help ensure your Spanish property remains a sound investment. Spend time in your chosen area to understand the local lifestyle and amenities. Speak with other expats and locals

Top tips for British expats buying property in Spainy

for insights into the community and property market.

Opening a Spanish bank account is advised for managing propertyrelated expenses, such as utility bills and taxes. It simplifies transactions and ensures compliance with local banking requirements.

Navigating the legalities of buying property in Spain can be challenging, especially with language barriers and local laws. It’s essential to hire an independent lawyer specialising in Spanish real estate to help you understand the legal aspects and verify property ownership. If you need a mortgage, research options available to expats. Spanish banks offer mortgages to non-residents, but terms and interest rates vary. Compare different lenders and seek professional advice to find the best deal. Finally, understand the tax implications of owning property in Spain, both locally and in the UK. Consult with a tax advisor to ensure compliance with tax laws in both countries. With careful planning and

Brits abroad

Bob Marquess

OVER the past year, there has been a notable surge in British interest in property in Spain.Taylor Wimpey España reported a remarkable 120 per cent increase in British reservations in April 2024 compared to the same period in 2023.

Data from Spain’s Colegio Registradores further reveals that Britons surpassed all other foreign nationalities in terms of home purchases in Spain in 2023. They accounted for 9.53 per cent of all foreign buyers throughout the year, contributing

the right support, buying a property in Spain can be a rewarding and enjoyable experience, allowing you to enjoy the Spanish sunshine in no time. While this may sound daunting, Currencies Direct is on hand to help you secure a competitive exchange rate and help simplify the purchase process with our revolutionary PropertyPay service.

With PropertyPay there is now a way to streamline the end-to-end payments process, eliminating the need for traditional methods and their associated hassles.

At its core, PropertyPay is a free, secure, and 100 per cent digital service that offers instant* fund transfers and disbursements between buyers and sellers. Unlike conventional methods that can take days to process, PropertyPay ensures that transactions are executed swiftly and efficiently, saving both time and money for all parties involved.

Learn more by contacting Currencies Direct via phone on +34 800 880 895, or email propertypay@

currenciesdirect.com. Alternatively, pop into your local Currencies Direct branch and speak to one of our multilingual experts to discover how PropertyPay could help you make significant savings when purchasing a property in Spain.

*The transfer of funds between buyer and seller can be instant if both have an account with Currencies Direct Spain, E.D.E., S.L

Visit us at our Spanish offices in Costa del Sol, Costa Almeria, North Costa Blanca and South Costa Blanca.

Telephone UK +44 (0) 207 847 9400 Spain +34 950 478 914 euroweekly@currenciesdirect.com www.currenciesdirect.com

to 14.98 per cent of all homes sold in Spain. This positive trend has extended into 2024. New homes are particularly in demand.

February 2024 figures from Spain’s Consejo General Notariado (General Council of Notaries) indicate a 9.7 per cent increase in total sales compared to the previous year, with new home sales surging by 20.83 per cent.

As the appetite for properties in Spain grows, so do prices, which rose by 5 per cent overall in the year leading up to February 2024, with a more

significant increase of 7.5 per cent observed for new homes. “The heightened demand for new homes reflects a growing appreciation for their energy efficiency compared to older properties. This trend benefits both the environment and buyers seeking to reduce their energy consumption.”

“Increasingly, our buyers are actively seeking ‘A’ rated properties, a preference that we accommodate through our fabric-first approach to designing and constructing new homes,” stated the Sales and Marketing Director of Taylor Wimpey España.

Trash talk

THE rubbish tax, also known as the waste collection tax, is a charge imposed by local councils to cover the costs associated with collecting, cleaning, and recycling waste from streets and public roads.

Property owners are usually responsible for paying this tax, which varies in amount and is determined annually by each local authority.

This tax covers various services, including waste collection, cleaning of rubbish bins, and subsequent recycling treatment in specialised recycling centres.

It’s important to note that the tax is applied once the waste collection service begins at a property.

The amount of the rubbish tax is set by each local council and can differ from one municipality to another.

Property owners typically pay the tax annually, with the first payment based on the months the service will be used during the year. Subsequent payments are made on a yearly basis, with the specific date determined by the local council. The deadline for paying the rubbish collection tax varies depending on the municipality and is set by the local council.

There is no fixed date for payment, with deadlines typically ranging from a few weeks to a couple of months.

For example, in Barcelona, the tax is paid from 1 May to 30 June, while in Madrid, it is paid from 1 October to 30 November.

Anna Ellis

Hot Market Alert!

IF you’ve been thinking about selling your property, there’s really never been a better time. Every potential property seller dreams of a sellers’ market, and right now, that’s what we are seeing here on the Costa Blanca. We are experiencing unprecedented demand from buyers from all around the world, together with a limited supply of properties for sale.

And with more buyers competing for fewer properties, this really is the right time for you to achieve the best price for your property in the shortest time possible. In this current sellers’ market, the opportunity to achieve a swift and profitable sale has never been better. With demand far exceeding supply, today’s property sellers have a unique window of opportunity to maximise their returns. By selling your property NOW, you too can take full advantage of the high demand.

And with Vistacasas by your side, you can be assured of enjoying a

great selling experience.

Choosing to list your property with Vistacasas means you are partnering with a team of dedicated professionals committed to achieving the best possible outcome for you. Our extensive market knowledge, innovative marketing techniques, and personalised service ensure that your property will stand out and attract serious buyers.

Don’t just take our word for it. Here’s what some of our clients have to say…

“A team of professionals. You can see that they have been in the region for a long time and they know themselves. After a few days the house was sold.”

“We were recommended to Vistacasas by friends who sold their property through them. We found them very professional and friendly. Our property sold in 12 days!”

“We recently had to sell my parents property in Villamartin. Vistacasas were recommended to us, and we found them to be very professional, and helpful throughout the very emotional process, our property was sold

for full asking price within two days. The video and photos of the property were so professional and absolutely stunning. I was allowed to download the video to keep as a memory of the good times spent with my parents and family, we send our best wishes to the new owners. Thank you to all the team and Vistacasas.”

Don’t miss out on this golden opportunity. Act now and you too can sell your property in a red-hot market. Opportunities like this don’t happen often. The current real estate market is buzzing with activity, with high demand and limited inventory driving up prices. This sellers’ market presents a unique opportunity for homeowners to secure top dollar for their properties.

Selling with Vistacasas means you are bringing a wealth of experience and local market knowledge to the table. Our team of seasoned professionals understands the nuances of the current market and we employ data-driven strategies to position your property for maximum visibility and appeal. We will give a precise valuation together with a strategic marketing plan that ensures your

LAST year, the Euribor rate exceeded 4 per cent, as the housing prices continued to rise, leading to stagnation in the sector.

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home stands out to serious buyers. The time to act is now. This is an unparalleled opportunity to achieve outstanding returns on your property. Don’t miss out on this moment - list with Vistacasas and let us help you navigate this exceptional market to secure the best possible price for your home.

If you only do one great thing this spring… make sure that it’s selling your property with Vistacasas!

DON’T WAIT! Seize the moment and list your property with Vistacasas today. The market is ready, and so are we. ARE YOU?

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Mortgage market

Anna Akopyan

However, 2024 appears improved; iAhorro mortgage director, Simone Colombelli, had previously predicted this year to be the one of “recovery” for Spain’s mortgage market.

This year, Fotocasa revealed that from June, the market will be able to see that “access to housing improves as the conditions for access to mortgage credit are lowered.”

Idealista, for its part, noted that in 2024 “interest rates are beginning to reflect the drop in the Euribor, as well as the greater competition between banks. This strong mortgage war is being fought fundamentally in fixed and mixed mortgages, which continue to dominate the market.”

Throughout the past two years, both clients and banks preferred mixed mortgages to a fixed or variable one, since the rise in the Euribor made variable mortgages more costly.

Mixed mortgages on the other hand, have a fixed initial period, lasting from three to 15 years and a second variable period until the end of the term, providing a certainty in a remaining fee despite the Euribor rate rise.

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Wall Colour Trends:

A Fresh Palette for Modern Living

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Earthy Tones and Nature-Inspired Shades Earthy tones continue to dominate, with shades like terracotta, warm beige, and deep olive green bringing the outdoors in. These colours provide a grounding

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effect, creating a serene and comforting environment. Nature-inspired hues, such as soft sage and muted moss, add a touch of tranquility and are perfect for living rooms and bedrooms.

Bold and Vibrant Colours

For those looking to make a statement, bold colours like rich navy, deep emerald, and vibrant mustard are in vogue. These colours add depth and character to any space, making them ideal for feature walls or accent areas. They can be paired with neutral furnishings to balance the intensity and create a sophisticated look.

Soft Pastels

Soft pastels are also making a comeback, with colours like blush pink, light lavender, and baby blue adding a touch of elegance and calm. These hues are perfect for creating airy and open spaces, making them ideal for smaller rooms or areas lacking natural light.

Warm Neutrals

Warm neutrals such as creamy whites, soft taupes, and gentle greys offer timeless appeal. These colours provide a versatile backdrop that complements various styles, from minimalist to rustic. They’re perfect for creating a cohesive look throughout the home.

Metallic Accents

Adding metallic accents in shades of gold, silver, and bronze can elevate wall colours, giving rooms a touch of luxury and sophistication. These accents can be used sparingly to highlight architectural features or create a focal point.

The 2024 wall colour trends offer something for everyone, from the bold and adventurous to the calm and understated. By incorporating these colours, homeowners can refresh their spaces and create environments that reflect their personal style and the latest in interior design.