• 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 […]

  • 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.’

  • Valencia (Spain): Best European City to Buy Property in 2018 By chris22 on July 8, 2018 | 0 comment

    An Independent Company specialized in International Real Estate services, sees 5 top opportunities for American investors to buy property in Europe. Here is the ranking of the 2018 survey: 1. Valencia (Spain) 2. Paris (France) 3. Berlin (Germany) 4. London (United Kingdom) 5. Venice (Italy) Reasons to choose Europe 1: The strong current US Dollar to Euro exchange rate. American buyers can expect a positive outlook if choosing to invest in European Real Estate. 2: Geo-political stability throughout Europe and market performance benefits. 3: European cities are best known and appreciated for their culture, history and cuisine. 4. Excellent standard of living as well as an opportunity to amplify investments in real estate. As a result, European real estate purchases made by American citizens have increased since last year (UK +2.6%, Spain +2.5%, France +2.4%, Italy +1.9% and Germany +0.85%). Valencia Valencia has seen an increasing presence of foreign buyers after its market crisis. With relevant capital inflows, infrastructural projects have since been under development, selling for an average price of $195/sq. ft., half that of those in Madrid and Barcelona. The percentage of foreign investors on overall real estate transactions in the central area of Valencia is more than 30%, 18.2% higher than 2017.

  • • Valencia’s competitive property prices attract investors By chris22 on June 3, 2018 | 0 comment

    Spain’s third city is now seeing steady gains and attracting investors following the fall of its property prices and the number of sales transactions during 2007’s property crisis. Its latest market data shows property sales transactions in Q1 2018 increased by 20% more than the same period in 2017, while the number of foreign buyers increased from 10% in Q1 2017 to 33% in the same period this year. Property prices in Valencia are currently less than half of those in Barcelona and Madrid on average, reaching €1,743 per square metre by Q1 2018. Prices in Barcelona were at €4,334 per square metre, and prices in Madrid reached € 3,540 per square metre during the same period. Prices in Valencia have since then picked up, showing an annual growth rate of 13%. The districts most popular among foreign buyers – Eixample and El Pla de Real – saw price rises of 10% and 13% respectively. Valencia’s growing appeal is confirmed by recent government figures. The Spanish Registrars Association (Registradores) revealed that in 2017, 10% of total sales completed in Valencia were made by foreigners, compared to 6% in Madrid 9% in Barcelona. Valencia’s manageable size appeals to foreign buyers, along […]

  • Bank Mortgage By chris22 on March 8, 2017 | 0 comment

    GET A MORTGAGE IN SPAIN With the EURIBOR (the most common rate for calculating a mortgage) being at the current rate, getting a mortgage now makes financial sense. Getting a mortgage in the local currency compares rather favourably against the rates offered in the UK . It also saves you from currency fluctuations. With the current increase in people taking out mortgages here, the banks have been forced to compete for business and so therefore you can a better “deal” than in the UK. Here in Villas Valencia, we can help you find not only the best rate but also the most suitable length of term. On average, banks offer 60-80% of the value of the property. Speaking Spanish is not essential, as we´ll put you in touch with English speaking banks! APPLYING Normally, you will need the following papers when applying for a mortgage: Photocopy of passport / residence permit Work contract – Proof of employment Last 3 salary slips Short version/extract of the property register (deeds) Last 3 bank statements Any other assets or liabilities This is not a complete list but should get you well on your way. FEES Valuation – You will have to pay for […]

  • VALENCIA – Best bargain cities By chris22 on September 28, 2015 | 0 comment

    Valencia, Spain was hit hard 7 years ago, the property crisis . Now, again, it is a vibrant, accessible, historically interesting and culturally rich city with a beautiful coastline that, inexplicably, has been overlooked as a serious contender for retirement in the region. The cost of living in Valencia is one of its biggest attractions. You can see a doctor for as little as 35 euros, rent an apartment at the beach starting at 350 euros and enjoy a beer in a coastal bar for one euro. A man can have his hair cut (a good gauge for the cost of living in a place) in a city-center salon for 5-8 euros. Now is the best time in a long time to be paying attention to Valencia, but its real assets are timeless. Thanks to its long and complicated history, Valencia is a melting pot that has evolved to have its own distinct culture that is evident in its language, place names and architecture. Valencians are fierce individualists, though not separatist like their Catalan neighbors to the north. The weather in this part of Spain is ideal for living an active, healthy and outdoors lifestyle, and this part of the […]

  • Valencia’s Port Area. By chris22 on August 16, 2015 | 0 comment

    Extensively modernised for the 32nd America’s Cup of 2007 and then used again for the 33rd edition, the beach goes north from the port area and the Port itself is now the hub of a new plan for a technological park attracting new businesses into the area. Home to Formula One for a few years the area now has great potential, excellent communications with the metro lines coming in from the centre of the city and a brand spanking new superyacht marina. On the beachfront you get the best selection of Paella restaurants in the world and a huge and imposing five star hotel, Las Arenas, backing onto a squat and social housing ;-). Property in this area known locally as the Canyamelar part of the Cabañal is excellently priced and with great potential for both rental and long term capital growth. Foreign buyers of property in Valencia seem to love the area for its gritty realism, its excellent restaurants and the vibe that is given off.

  • What You should know about Spanish Tax By chris22 on February 9, 2015 | 0 comment

    The number of non-resident foreign citizens buying property in spain has increased gradually since 2010 even though the number of sales is still low: they represented 1.28% of total sales in the third quarter of 2014 according to figures from the ministry of development. however, properties are also sold so, as for any transaction, fiscal obligations exist. what taxes need to be paid for the purchase or sale of a property? When a person, whether spanish or foreign, makes the decision to buy a property in spain, not only do they need to pay for the property, they also need to include other mandatory expenses, like the cost of having the property valued and the applicable taxes Taxes on the purchase of a property There are two different taxes depending on whether the property is new or second hand – New properties The tax on this property is 10% iva (vat). therefore, on a property costing 250,000 euro, the tax would be 25,000 euro – Pre-owned properties The taxation on this type of property is the impuesto sobre transmisiones patrimoniales (itp)  (tax on property transfers) that varies by autonomous community, but it ranges between 5% and 10% of the price […]

  • British Passport Holders: Applicants need to allow 6 weeks for passport renewal By chris22 on June 11, 2014 | 0 comment

    The British Embassy in Madrid  has issued a warning for British nationals wanting to renew or obtain a British Passport that they should not leave their application too late, for their flight to Spain. –  The Passport Office took over the processing of all applications from British nationals. As part of the transition, the  Embassy in Madrid ceased to handle applications last year. – If you need a new British Passport son..(!)..don`t leave it until the last minute. You can make your application upto 9 months before expiry of your current Passport and the remaining validity time will be carried over to the new document.

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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