• Spain’s holiday rental laws By chris22 on October 1, 2018 | 0 comment

    According to the Tourist Movement on Borders agency, Frontur, Spain received 13.7 million international visitors during the first quarter of 2018, a 6% increase on 2017 figures. With 1.4 million visitors choosing to stay in holiday rental accommodation, a healthy increase of 7% year-on-year, and that’s just the official figures. Taking into account that many short stay homes remain unregistered in Spain, we expect the actual figure to be much higher. It’s been five years since the Spanish government excluded holiday rentals from the LAU (Ley Arrendamientos Urbano) and delegated the task of regulating the industry to its 17 regional governments. There are only a couple of the 17 autonomous communities that as yet haven’t regulated holiday rental accommodation. Find out the latest status in our region…: VALENCIAN COMMUNITYIs it regulated? Yes under the original Decreto 92/2009 which was updated in 2015 Decreto 75/2015 Since: July 2009, with the last amendment in May 2015 Essentials: Owners must wait until they have registered to start rental activity, and have to start renting within two months of registration. Points to watch out for: If you manage five or more properties you must register as a Tourist Company. Further applications for registration in the districts of Ciutat Vella are suspended, whilst […]

  • Spanish Holiday Rental Taxation for non-resident Landlords By chris22 on September 3, 2018 | 0 comment

    The beginning of 2018 saw fresh changes to the way in which buy-to-let landlords are being taxed in Spain. Not paying your taxes is no longer an option – you could be facing huge fines, when the Spanish Tax Office (AEAT) finds out you are letting your property, whether you are resident or a non-resident landlord, and fail to report your rental income. A tax advisor or accountant will be able to tell you, just how much you can save in tax with the latest changes in taxation rules. Broadly speaking, the changes are these: You will qualify for landlord tax relief, if you are a resident of the EU or wider EEA area. You must attain a tax residency certificate from your home country, to prove that you are tax payer in that country, and a non-resident landlord in Spain. Why? On 1st January 2018, the Common Reporting Standard, of CRS, came into force in Spain. More than 100 countries in the EEA singed up to the CRS agreement in an effort to reduce tax evasion. In essence, there will now be an automatic exchange of fiscal information between these countries on individual taxpayers. The United Kingdom and Spain […]

  • Pros and Cons Short Term / Long Term Rentals (New Law) – Flexible Property Market .. By chris22 on December 17, 2013 | 0 comment

    LEGAL NEWS Pros and cons of short and long term rentals under the new law The recently approved Tenancy Act makes several important changes to earlier legislation. These changes include the obligation to have the new energy performance certificate and a reduction in the legally mandatory rental periods. We will analyse the advantages and drawbacks of leasing a property for more than five years or less than one. In this regard, it is important to remember that under the new law legally mandatory rental periods will be shorter. Up until now the legally mandatory rental period for long-term rents was five years, but it has now been reduced to three years. After these three years have expired, the contract may automatically be renewed, provided both parties are in agreement, and this tacit renewal has been reduced from three years to one year. Tenants benefit from this change since they can vacate the property without being penalised. However, it may lead to insecure tenancies, as landlords can terminate the contract after the first three-year period has finished. This new law therefore makes it easier for tenants to vacate the property, and also makes it easier for landlords to regain possession of […]

  • Villasvalencia offers over 1.000 properties to buy and for rent By chris22 on September 8, 2013 | 0 comment

    Villasvalencia offers over 1.000 properties to buy and for rent Find the right property for you (according to the official Spanish property registry office) Probably the most difficult part of acquiring a property is choosing the right one. For this reason it is necessary to take time to: – Compare what is on the market -Understand in detail the tax situation of the property -Find out the legal position of the property. There are different ways of looking for a property, eitheer alone or using the service of an Estate Agent who looks for you. In this case you should be aware that: > An Estate Agents is an intermediary between the vendor and the buyer, who puts them in contact with eachother, and if they agree they sign a contract. It must be understood that it is not the Estate Agent who is selling the property. > In general the Agent is instructed by the seller and therefore will normally receive their payment of fees from the vendor. > Some Estate Agents offer extra services, i.e. mortgages, specific notary, lawyer servives etc… The purchaser is in no way obliged to use any of these services. > If you found […]

  • Rentals By chris22 on September 8, 2013 | 0 comment

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  • VALENCIA – Inspite Brexit – Property Prices in Valencia have risen By chris22 on July 5, 2019 | 0 comment

    Residential property prices in the Spanish port city of Valencia have risen by almost 17 %. Valencia, situated on the southeast coast and most famous for being the home of paella, is Spain’s third largest city after Madrid and Barcelona, with some 800,000 inhabitants. It plays host to many arts-related attractions and cultural venues, including Ciudad de las Artes y las Ciencias (a huge, state-of-the-art science complex set within a landscaped garden with a huge aquarium and IMAX screen), the Central Market of Valencia, Valencia Cathedral, La Lonja de la Seda (an impressively grandiose 15th century building) and L’Oceanogràfic (a vast aquarium with sharks and a dolphinarium). It’s also home to the 55,000-capacity Estadio de Mestalla, the ground of Spanish giant Valencia CF since 1923. “In 2018, sale prices for residential property rose by 17% compared to the previous year.” “Underlining the fact that Valencia is one of the up-and-coming regions, after The Balearics and Canaries, and is also one of the most popular locations for international buyers.” This strong demand from international buyers includes French, German, American and Chinese purchasers eager to invest in renovated properties either for rental or as a capital investment, with the most exclusive properties […]

  • Madrid adopts rules that will shut down over 10,000 holiday apartments By chris22 on April 1, 2019 | 0 comment

    The Madrid city council has approved a special plan regulating holiday rentals that will foreseeably shut down over 10,000 apartments currently used for short-term tourist stays. The new regulations stipulate, among other things, that apartments used as holiday rentals inside residential buildings in the city center must have a separate access area from the one used by regular residents. Guests will not be able to use the same building entrance or elevators. The three rings affected by the new rules. In practice, this means that 95% of these apartments will be unable to obtain the required license for this kind of activity, according to city officials. Opposition groups in the council said the plan will have an economic and legal impact on an entire sector, and will likely lead to challenges in court. Manuel, the owner of a tourist apartment and member of an association named Madrid Aloja, was present at the council vote, and says that he and other owners like himself will take legal action to defend their activities. The popular platform Airbnb has described the new regulations as “not very clear,” “unfair” and containing “disproportionate restrictions.” The 90-day rule The new rules target properties that are used […]

  • Valencia (El Carmen) – modern Apartment in the beautiful old part of the City By chris22 on February 11, 2019 | 0 comment

    A modern Apartment construction building located in the Barrio del Carmen and next to Jardín Del Turia. Located practically in a square with plenty of light. The home has been improved with high quality waterproof laminate floors throughout the Building and with carpentry (fitted wardrobes). It has a logical layout with entrance to a living / dining room with a balcony to the street and a corridor that distributes  the rooms  looking  onto a spacious patio. The master bedroom has a en-suite bathroom  and there is another complete common bathroom as well. There is a possibility of renting parking spaces in the same building with direct entry. Unbeatable location, one step away from the beautiful old River area..  

    Category : Apartment

  • By chris22 on February 4, 2019 | 0 comment

    Guidance Important EU Exit information for UK nationals if there’s no deal European Union (EU) exit information for UK nationals in the absence of a withdrawal agreement. First Published 21 December 2018 From: Foreign & Commonwealth Office Contents Living in an EU country after the UK leaves the EU Applying for permanent residency in an EU country Third country family members joining you in an EU country Staying in an EU country with an EU spouse Working in an EU country without a visa and residency status Entering and working in the UK Travel around the EU with a British passport Travelling with pets to and from the UK Continuing education in the EU Recognising professional qualifications Paying for healthcare in EU countries UK state pension and benefits Personal pensions and annuities Occupational pensions Banking, insurance and other financial services Inheritance tax and wills Tax payments Driving licences Motor insurance validity Owning or renting property in the EU Voting in local elections in EU countries Family members in prison in an EU country Until 29 March 2019, the UK remains a full member of the EU and UK nationals retain their legal status as EU citizens. There will be no change […]

  • Brexit latest: An open letter from the British Ambassador to Spain By chris22 on January 3, 2019 | 0 comment

    I wanted to update you on the recent developments on our exit from the European Union. As many of you are no doubt aware, on Sunday November 25, there was a special European Council on Brexit. EU leaders agreed the Withdrawal Agreement and Political Declaration on the future relationship between the United Kingdom and the EU. Citizens’ rights is a key part of the agreement, so this represents a big step forward in providing certainty for UK nationals living in Spain. As the British prime minister said following the European Council: “If you are one of the over three  million EU citizens who has come and built your life in the UK – come to be our colleagues, our neighbors and our friends – you need a deal that guarantees your rights. If you are one of the almost one million UK nationals living elsewhere in the EU, you need the same. This deal delivers for you all.” I and the team strongly recommend you ensure you are correctly registered as a resident, as is your current obligation The next stage is for the UK Parliament to vote on the deal the government has negotiated, which is expected on December 11. The […]

  • New legislation to declare income and assets abroad By chris22 on December 1, 2018 | 0 comment

    On 1 October 2018 the British HM Revenue and Customs (HMRC) department  introduced a new legislation called “Requirement to Correct (RTC)”.  This will require UK taxpayers declare their foreign income and assets to the HMRC . Therefore, from the 1st of October 2018, for those who fail to pay the relevant tax by this date, there will be higher penalties on their foreign income and assets. About offshore income and assets As the HMRC defines: “Income is considered to be an offshore income as it comes from a territory outside the United Kingdom, which includes: Interest from overseas bank and building society accounts Dividends and interest from overseas companies Rent from overseas properties or if you rent out your UK property whilst living in another country Wages, benefits or royalties earned outside of the UK”. Included taxes The RTC legislation would apply to: Income tax Capital gains tax Inheritance tax Some offshore activities that may involve paying tax These activities must be declared to HMRC: Renting property abroad Transferring income or assets from one country to another (including Channel Islands, Isle of Man, the EU or any other What should you do? In case there is UK tax due on […]

  • Spain…..Positive news for the Spanish House Market By chris22 on August 2, 2018 | 0 comment

    Prime property sales in Spain’s key cities and sales in resort areas have been key drivers  in the first half of 2018. Prime sales increased by 27 per cent year-on-year.  Meanwhile, key second home destinations such as Marbella, the Costa Brava, Valencia and Ibiza all saw significant growth compared to the same period last year.’   ‘Properties above €1.5 million and new homes are selling particularly well. Northern European buyers have been the most active with French and British buyers accounting for over 50 per cent . We are currently looking at a number of high-end projects in the area as demand for turnkey homes, particularly from foreign buyers, grows year by year.’

About Us

Villas Valencia offers properties in Valencia at Spanish prices. What`s more, we don`t charge the buyer (as most other agencies do). We are an English locally run estate agent company dealing with properties in a picturesque area around the city of Valencia.

Testimonials

You are the only agent we dealt with your knowledge of the area and the buying process left us at ease that everything would be taken care of. - Mr & Mrs P, in Naquera

Your advice was clear and brilliant. You completely understood our requirements and objectives, facilitating our new purchase. Thank You! - Mr L, Now living in Lliria

You offered a great service from start to finish, clearly explaining all our options and helping speed everything through. You translated everything we needed quickly.

- Mr T, Second home in Montroy

Villas Valencia was fantastic and exceeded my expectations. I will and have recommended you to others. Thank you for all your referrals for building work. We love our new pool! - Sean, house in Rocafort

Thank you for all the help buying our property in Valencia. With so much to think about, you explained everything well and made it all very easy. Cant wait to move out there fully and enjoy a G & T on our balcony with you.

- Ben, house in Naquera

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