I spoke in yesterday’s blog about property for sale in Alcaidesa and so today I wanted to give you some more specific information.

Alcaidesa offers all necessary services and facilities to satisfy the needs of residents and visitors.
There is a shopping centre with shops and a pharmacy. The Mediterranean feel and Andalusian atmosphere can be found in the restaurants, cafes, tapas bars and beach bars. Here you can enjoy the wide variety of cuisines on offer to suit all tastes and occasions. In addition to current facilities, new shopping areas are being built to increase range of services. Everything you need can be found here in Alcaidesa or in the nearby towns. Since the opening of the 18 new holes, the Alcaidesa golf course now boasts a superb double round of 36 holes. The Alcaidesa links golf course boasts stunning views of the Mediterranean Sea, the Rock of Gibraltar and the mountains of North Africa

Alcaidesa is an exclusive area with a real Mediterranean feel. The beautiful surrounding landscape makes this a truly unique setting. Well-kept open spaces, evenly distributed throughout the development, serve as links to the golf course, spacious gardens and nature paths. The beaches are long and peaceful, bathed in crystal clear waters. Here you can enjoy a sensation of peace and exclusivity as Alcaidesa is surrounded by protected forested areas. The landscape offers a spectacle thanks to the magnificent views of the Mediterranean, Gibraltar and the African coast. In contrast to other nearby places such as Sotogrande, the gentle slope of the land in Alcaidesa makes it possible to enjoy these views from practically every corner of the development.

 An example of the property available in Alcaidesa is a stunning  2 Bed 2 Bath room 1st floor Apartment  with a fabulous open Golf and Sea view and view.

Price before                  692’050 €,

Price now                     238’480 €

and not forgetting the IVA is still only at  4 % but only until 31.12.2011.

Finance up to 100% is available.

For more information regarding this or any other property that we have listed for sale, please contact us.

Many property owners in our areas of Duquesa, Manilva and Casares Costa have bought their properties as investments and as such open their properties to long term rental tenants. Importantly for those landlords there has been a recent amendment to the Civil Precedural Law that involves important changes to the eviction process.

The new eviction process involves the Court sending a notice to the defendant giving a 10 DAY period to either pay the outstanding rent or vacate the property or defend the claim. If the defendant (tenant) has not replied within this 10 DAY period or has not settled the debt within the 10 DAY period,  the Court will declare the property eviction without a Court trial. If the defendant decides to challenge the claim, a court trial will be held.

This change also allows the claim to be made through a small claim proceeding which is a much faster process.

If you are considering renting your property long term please contact our long term rentals Manager, Marisa who will be happy to advise you. For holiday rentals, please contact Judith.

We have many properties for sale at fantastic prices so if you are considering taking advantage of the current market conditions and making a property portfolio acquisition, please contact us in the sales department and we will be very happy to help and advise you.

This is a tax on the profit that a seller may have made when selling their property and is calculated taking into account the difference between the original purchase price paid and the selling price achieved.  The Capital Gains Tax in Spain is calculated as follows:

19% for the 1^st €6000 profit & 21% for any amount above this.

The capital gains tax is often a point of confusion for vendors and depending on the seller’s tax status in Spain, the Capital gains Tax must be paid in varying ways.

 Non Tax Residents (none fiscal residents.)

 The buyer (or the buyer’s Lawyer) is obliged by law to retain 3% of the selling price and to pay it to the Inland Revenue on behalf of the vendor.  If profit is not achieved by the vendor they have a right to claim back the 3% and should be refunded within 12 months.

If a profit has been made but the amount is less than the 3% Capital Gains tax paid, then a claim for a refund can also be made.

 Tax Residents (Fiscal Residents)

 There is no 3% retention made by the buyer.

It is the seller’s responsibility to declare and pay the Capital Gains Tax, if any, the year after completing the sale and when filing their annual Income Tax Returns.

The only time that Capital Gains tax does not have to be paid on the sale of a property is if the seller is a Fiscal Resident of Spain, is over 65 years old and if the property being sold is their primary residence.

What is Plusvalia Tax?

We are often asked questions by our vendors regarding the costs involved in selling a property in the Manilva area and it is a very important point of consideration.

One tax that will be levied with the property seller in called the Plusvalia Tax. This is a tax on the increase of value of the land from when the seller took ownership. It is the local town hall that calculates the Plusvalia Tax and the final amount is determined by the location of the property NOT the market value.  In the case of our Vendors it will be Manilva or Casares Town Hall and Barrington Homes recommend that when you are considering selling your property you visit your legal representative for an estimation of the Plusvalia Tax. Barrington Homes have a calculator available to our vendors to enable them to estimate their costs and on this we have averaged the Plusvalia tax at €2000 although it can be more or less. The Lawyer acting in the sale will make retentions at the point of exchange to cover the Plusvalia tax.

Barrington Homes can recommend Juan Roman Mateo in Sabinillas for all legal and conveyance works, please contact us if you require his details or any further information about buying or selling a property in Manilva, Duquesa, Sabinillas or Casares Costa.

There is some exciting news in the Spanish property world and for those considering purchasing a new build property on the Costa del Sol!

The Spanish government have recently announced a reduction in the IVA (VAT) paid on a new property purchase – from 8% to 4%!

So what does this 50% reduction mean in real terms for property purchasers? Quite a lot and for example:  If you are purchasing a brand new property in Spain for €150,000, instead of paying €12,000 IVA, you will now only have to pay €6,000!

But you have to be quick!  Unfortunately the new ruling  is only in force until 31 December 2011 and sadly does not apply to resale properties.

Barrington Homes have some wonderful properties in prime developments where you can take advantage of this offer – Take a look at the beautiful beachfront development of Marina Castillo where prices have also been drastically reduced. Coto Real is a much sought after address and offers a high quality build in a peaceful development and close to amenities and finally Residencia Duquesa, a fantastic location on the edge of Sabinillas and close to the beaches and Puerto de la Duquesa.

For more information or to have a browse through our property portfolio, come along to the Barrington Homes Office in Sabinillas, take a look at our web-site or contact us directly.