Spanish house Prices Have A Long Way Further To Drop

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This topic contains 2 replies, has 3 voices, and was last updated by Profile photo of logan logan 3 years, 9 months ago.

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  • #57332
    Profile photo of Anonymous
    Anonymous
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  • #116027
    Profile photo of Anonymous
    Anonymous
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    Oh no its not!

    I rent out my apartment for about £6,000 a year, plus we live in it for maybe 2 months.

    So £100,000 would be about right as a selling price. About 5% below currently achieved prices for similar properties.

  • #116060
    Profile photo of logan
    logan
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    @ashtondav wrote:

    I rent out my apartment for about £6,000 a year, plus we live in it for maybe 2 months.

    If you declare that as income in the UK as you should the return is minimal. It may take you into the 40% tax band which is even worse. The attraction for Brits renting out holiday homes is declining, if they play by the rules of course.

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