Post by: Stefana
Just a reminder that this Saturday 24th March/Sunday 25th March is the beginning of Daylight Saving Time which means that clocks go forward by one hour.
Roll on the summer…
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Don’t forget that the clocks change tonight / tomorrow morning due to the beginning of Daylight Saving Time
So on Sunday, 25 March 2012 at 02:00 clocks change to 03:00
One hours sleep less people!
Post by: FM Estates
A water mains underground pipe breakage during Saturday night (17th March) has caused closure to part of the roundabout area near OpenCor at Riviera del Sol, Mijas Costa on the Costa del Sol.
Work is already underway to find the extent of the damage but it may be some time before the work is completed.
The authorities have done well to minimize disruption to local businesses and traffic, and they have already put in place a system to allow access to Riviera, in both directions, via the underpass.
However, if you are travelling from Fuengirola direction you will need to pull off at the Miraflores entrance or turn round in Calahonda and come back on yourself and enter Riviera using the underpass.
It is still possible to walk the whole strip on the pavements and the section of the road which is closed to traffic is mainly in front of residential properties.
We will keep you updated on the progress as we hear about it.
Post by: FM Estates
Market lovers out there will be really pleased to hear that, finally, the market in Calypso (in between Calahonda and Riviera del Sol on the Mijas Costa in Malaga) has now re-opened.
It is held in its original place in front of the Valdepinos Commercial area (which has shops, banks, restaurants etc.) on a Thursday morning.
There are approximately 70 stalls selling a very wide range of produce including ‘Made in Mijas’ items, fruit & vegetables, olives, spices, nuts, ceramics, shoes and much more.
It is welcomed back by both local residents and tourist in the area.
Post by: Karen
Jazz In Blue is a touring festival starting out in Malaga on 10th February 2012 and finishing in Murcia on 18th May. There are 25 concerts taking place in various cities in Spain including Madrid, Bilbao, Barcelona, Murcia and many others. The programme features four major recording artists; The Erik Truffaz 4tet, The Joe Lovano Quartet Europe, The Robert Glasper Trio and The Bad Plus.
At the time of writing concerts scheduled for Málaga are as follows:-
10th February 2012 Erik Truffaz 4tet
2nd March 2012 Joe Lovano Quartet Europe
20th April 2012 Roberts Glasper Trio
17th May 2012 The Bad Plus
Further information and ticket prices contact Ticketmaster on www.ticketmaster.com or 902 15 00 25 or FNAC (La Cañada) on 952 899 300
According to information presented by Health Councillor Maria Jesus Montero, more than 50% of the people of Andalucía reckon that the health system has improved in the last 3 years and an even higher percentage think it will improve even more in the future.
Also more than 93% of residents living in Malaga are happy with the amount of time that their doctors give to them. So, that’s good news for everyone who is fortunate enough to be included in the system.
Post by: FM Estates
Please be aware that it is no longer possible for a lawyer to apply for an NIE number through a Power of Attorney. Due to recent changes in the Spanish law, people now need to apply for their NIE number personally, at the police station.
NIE numbers may also be applied for at any Spanish consulate or embassy, in a person’s home country, although this process might take longer, between 3 and 4 months.
You need an NIE number to purchase a property in Spain and this could delay the property completion.
Please keep this in mind and consider allocating some time for a NIE application appointment whilst on your inspection trip to Spain.
Courtesy of Martínez-Echevarría Pérez y Ferrero Abogados
Post by: FM Estates
The Andalusia regional government has just introduced an increase on the Property Transfer Tax (ITP) and Stamp Duty (AJD), which is in force since 1st January 2012. From now on, Transfer Tax for resale property purchases will be calculated according to the following rate:
Any amount up to 400.000€ – 8% Transfer Tax
Any amount between 400.000€ and 700.000€ – 9% Transfer Tax
Any amount in excess of 700.000€ – 10% Transfer Tax
As an example, a property valued at 750.000€ will be subject to 64.000€, which is based on the following calculation:
8% up to 400.000€ – 32.000€
9% between 400.000€ and 700.000€ – 27.000€
10% over 700.000€ – 5.000€
Transfer Tax applicable for a private parking space, when purchased as an independent property, will be based on the following rate:
Any amount up to 30.000€ – 8% Transfer Tax
Any amount between 30.000€ and 50.000€ – 9% Transfer Tax
Any amount in excess of 50.000€ – 10% Transfer Tax
Please note that the Property Transfer Tax is not based on the property purchase price, but on the minimum fiscal value, which is regulated by the Regional Government.
Stamp Duty has also been increased from 1% to 1.2% and applies to brand new property purchases and mortgages, where Transfer Tax does not apply.
These taxes apply only for properties located within the Andalusia area.
Courtesy of Martínez-Echevarría Pérez y Ferrero Abogados
Post by: FM Estates
The new Spanish government has extended the 4% IVA (VAT) for brand new properties until the end of 2012. This way, brand new property buyers will keep on benefiting from a 4% reduction on their IVA (VAT). This reduction is only applicable to brand new properties from developers, not for resale properties, where transfer tax applies.
Courtesy of Martínez-Echevarría Pérez y Ferrero Abogados
Post by: Stefana
Post by: FM Estates
The Partido Popular were celebrating last week after achieving a massive win in the general elections held on Sunday 27th November 2011
They won by 186 securing seats in the Congreso de Diputados giving them an overall majority.
So, now it will be interesting to see how many of the changes, we are all hoping for, will actually happen.
Prime Minister elect Mariano Rajoy has already pointed out that he promises no miracles but let’s hope he will do good work for us all during the next 4 years.
Watch this space!…..
