Team Group Magazine Spring / Summer Edition

Since Brexit the UK still represents the largest share of buyers in Spain - 2016

The number of overseas purchasers in Spain increased by 15% in 2016 over 2015. The market of some 53,500 buyers posted an increase of 15% with the UK providing 10,156 buyers.

 

Read more   Date: 21 April 2017


Team Group Magazine Autumn

I am delighted to be able to say that 2015 was the best year in the 16 years that the business has been trading here in this beautiful location of Nerja. Growth came from both holiday rentals and property sales, almost in equal parts, which is a first since 2008. Most of us are determined to take a holiday irrespective of conditions back home and this is reflected in the performance of our holiday rental business which continues to go from strength to strength.

Read more   Date: 01 September 2016


Team Group Property Magazine Spring 2016

According to Government figures from the Ministerio de Fomento there have been almost 100% more resale properties (as opposed to new build) signed in Nerja for the period January to September 2015 versus the same period in 2012 – 464 sales versus 235 sales. Compared to 2014 for the same period sales have increased by 42%. There is no doubt that the region’s property market is on the move.

Read more   Date: 24 December 2015


Property tax breaks for energy efficiency

According to Survey Spain reputable Chartered Surveyors with whom Team España have had a long association predicted more than two years ago (when energy efficiency certificate were initiated in Spain),  that local property taxes are to be discounted for properties with better energy ratings. This has now been confirmed by Government. The lower two ratings F and G, which is by far the majority of buildings we encounter, receive no discount nor do those of course that do not have a rating assessed as yet. We foresee that the lowest rated properties are likely to be penalised in the near future as a further incentive to upgrade the efficiency of the property (and raise money!). Owners will now be more encouraged to balance the energy and tax savings of improvements of the property against the cost of those improvements.

A good Energy Efficiency rating CEE (EPC in UK) will bring tax rebates as well as lower energy bills. From the 1st January 2016, the central Government will instruct the rebate of property taxes - IBI - according to the following schedule.

Grade A - 20%

Grade B - 16%

Grade C - 12%

Grade D - 8%

Grade E - 4%

 

Those in Grades F or G or that haven't already submitted a certificate will receive no rebate. 

It's only a matter of time before the lowest grades are taxed higher, so get out the calculator to work out the cost of improving the installation through double-glazing windows, permanent draft proofing, modernising old central heating boilers and air conditioning units, etc and balancing that against the lower energy bills and now lower property taxes.

Read more   Date: 16 October 2015