Re: Re: Costa Brava – but where?

#118619

Anonymous
Participant

If you are only going to buy a property in Spain in order to spend just a few weeks of the year living in it then you will be far better off renting a property instead rather than going through all the trials and tribulations and expense of buying a property and all the hassle and taxes that you will be paying for a property that will remain vacant for most of the year.

The Spanish government recently introduced a new tax on vacant properties based on the rental income the property will earn if you let it out. You will be paying the yearly Spanish property taxes and utility bills for a property that will be vacant for most of the year.

If you are planning to pay 70,000 euros for an apartment in Spain then you should prepare to pay around 8,000 euros just in taxes. I personally would not pay more than 20,000 euros for a two-bedroom apartment in Spain as Spain is fast becoming a Third World country. Who wants to buy a property in a country where unemployment is nearly 30% and youth unemployment is 60% and the economy is in a state of collapse, the Government is corrupt and are desperate for money and will get it from anybody who is stupid enough to own a property in Spain.

Didn’t you know that Spain has been in a Depression since 2007 and that Europe has also been in a Depression since 2008. Now is not a good time to buy a property in Europe as the bottom has not been reached yet.