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With the continuing COVID-19 pandemic having dominated the international conversation for about a year now, you might understandably be wondering what impact this could have on how much you can expect to have to pay for Sotogrande property. Well, looking back over the past year’s statistics for property in Spain as a whole, the picture is actually a lot more ambiguous than you might expect. One online property portal recently reported, for example, that Spanish house prices had actually gone up by 1.6 per cent in 2020, after a fall the previous year. But on the other hand, a Reuters article a few weeks ago indicated that property prices in the country saw a 5.7 per cent decline in November compared to 2019. Other eye-catching statistics about the condition of the Spanish property market amid the COVID-19 crisis came from Standard & Poor’s. The American credit rating agency forecast late last year that 2020 would see a 1.4 per cent drop in property prices in Spain, albeit with ...

  As we’ve touched on in many previous articles here on the Property Sotogrande website, you don’t have to be Spanish in order to purchase a Spanish property . That’s great news for people from around the globe who would like to buy apartments in Sotogrande . But once you do become the owner of property in this highly desirable part of the Costa del Sol, for how long can you actually stay there – presuming you intend to live in the property yourself? Don’t get confused about your rights to stay in Spain! A lot of bewilderment can arise around the subject of how long someone can remain in Spain as a non-resident, not least as the given person’s country of origin plays a big role in this. Many of the foreigners who buy apartments in Sotogrande, for instance, are Britons, for whom Brexit is an additional complicating factor. If this describes you, we would always direct you in the first instance to the GOV.UK website’s advice on travelling to and living in Spain. W...

One of the most important things to appreciate for anyone looking to  buy a house in Sotogrande  is the fact that the outlay involved in a property purchase is not restricted purely to the property’s purchase or mortgage price. There are other key costs to account for, including relevant taxes and duties, which together typically add about 10% to 15% to the price of a house in Spain. Stamp duty is very much one of those costs; however, there can be some scope for confusion here, including as to whether and how stamp duty applies for new-build and second-hand properties. So, here’s a quick rundown of the latest stamp duty situation for those interested in acquiring a property in this part of the Costa del Sol. How the situation differs between new and resale properties Stamp duty in Spain is commonly referred to as AJD, or Actos Jurídicos Documentados. It is most associated with the purchase of new homes – that is, properties that have never been bought before. The bu...