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Our Services

Spanish Property Exhibition Paris

Published in uncatgoried


Free entry tickets to the Spanish Property Exhibition in Paris

 

 

On the 19th, 20th and 21st of September of 2014 we are represented at the Spanish Property Exhibition in Paris. Our professional staff is looking forward to see you there to inform you about the purchase of your second home in Spain.

Visit us at the Spanish Property Exhibition in Paris on the 19th, 20th and 21st of September of 2014.

You can find us at stand number C18-D19.
Make an appointment with us during the exhibition!

Location: Complexe de Porte de Versailles, Pavillon 2.1, Paris

Opening hours:
19 September 2014:             10:00 – 19:00
20 September 2014:             10:00 – 19:00
21 September 2014:             10:00 – 19:00

Contact us for free entry tickets!

We look forward to meet you at our stand number C18 - D19.

 

Second Home International Brussel

Published in uncatgoried


Gratis toegangskaarten Second Home beurs Brussel


Op 27, 28 en 29 september 2013 staan wij op de Second Home beurs in Brussel. Onze professionele medewerkers zien uw komst graag tegemoet om u uitgebreid te informeren over de aankoop van uw tweede huis in Spanje.

Bezoek ons op de Secondhome beurs in Brussel op 27, 28 en 29 september.

U vindt ons op stand nummer 313. Maak een afspraak met ons tijdens de beurs!


Locatie: Brussels Expo, Belgiëplein 1, Brussel / Hal 1


Openingstijden:
27 september 2013:             14:00 – 18:00
28 september 2013:             11:00 – 18:00
29 september 2013:             11:00 – 18:00


DOWNLOAD HIER UW GRATIS ENTREE KAARTEN!


Wij kijken ernaar uit u op de beurs persoonlijk te ontmoeten op onze stand nummer 313.


 

Energy Performance Certificate Spanish Properties

Published in uncatgoried

 

Energy Performance Certificate obligatory from the 1st of June 2013 in Spain

The Spanish government approved on the 5th of April 2013 the Royal Decree 235/2013, which requires obtaining an energy performance certificate from the 1st of June 2013 for all homes that are on offer for sale or for rental for more than 4 months a year.

An Energy Performance Certificate (Certificado de Eficiencia Energética) is a document which states the energy efficiency of a building based on the standardised way the building is used. The certificate provides as well the property owner a series of recommendations to improve the energy performance of the home and enable it to go up in the energy efficiency scale.The property is given an energy efficiency grade from ‘A’ to ‘G’, where ‘A’ is the most efficient and ‘G’ is the least efficient.

The energy performance certificates are issued by qualified professional technicians or arquitects who are authorised to undertake building projects and thermal installations for buildings.

The certificate is valid for 10 years. This means owners will not have to obtain a new certificate during this period unless they renovate or change the property in any way.

The regulations require the energy efficiency certificate to be included in any offer, promotions or advertising for the sale or the rental of a property. The owner of the home, building, or business premises will be responsible for obtaining the certificate. Who fail to comply with this may be fined.

For your convenience, we can help you to obtain the energy performance certificate. Please contact us for more information.

 

Property management Service

Published in Our Services
 

Did you ever come out on holidays to your Spanish home and found out that the electricity was cut off, the kitchen floor was flooded, a cat sneaked in through an open window and made a mess?
Lately many house owners have required a property management service for their house. Just to keep an eye on the property, open doors and windows every now and then and solve your problems about your property. Just a small check can save you thousands of euros.
Only 350 € can save you thousands of headaches.
 
Our property management service includes:
- Key holding
- Regular property inspections (general control, ventilation, flush of toilets and plumbing)
- Utility check
- Report of the inspections and maintenance that may be required

Our fee for this service is 350 € (excl. VAT) per year. We require a fund of 200 € for any emergencies that may arise.

We also offer additional assistance by building works, supervised access etc. The price for this service is 20 € per hour (excl. VAT) on workdays between 9 a.m. and 6 p.m. Out of the office hours there is an extra fee of 30 € call out plus 20 € (excl. VAT) per hour. For more information please contact our office.






Home Owners

Published in Frontpage

Why is it wise to sell your property through our office?
B&L Promotions is a full service company with a long experience. We are active on various markets including the most stabile like United Kingdom, Holland, Belgium and France. Selling your house is not just placing a "for sale" sign on your gate and wait until a buyer presents himself and hands over a check. Much more is involved. The house has to be in the picture, not only for your neighbours but very much in foreign countries, in the main cities of Spain, on Google etc.
A professional guidance with a complete service is needed to sell your property with success.

B&L Promotions offers as well a home management service for home owners.

Why selling your property with B&L Promotions?
Our company has been operating for many years from the head office in Orihuela Costa.

- We are based in a commercial complex of the well known golf resort Villamartin.
- We are one of the longest existing estate agencies of this area.
- Our experience in selling new and resale properties is enormous.
- We are very flexible on terms and conditions.
- We speak 6 languages.
- We do marketing in most European countries.

Please contact us, we always need good value resale properties for our clients.

Are you interested in property rental?
We can help you as well if you are interested in renting your property. We offer properties as well as for holiday and for long term rental. Please contact us for more information.



Property Sales - Properties on the Costa Blanca

Published in Frontpage
Our team will help you to find your dream home in Spain. We have a wide range of villas, townhouses, apartments and penthouses for sale along the coast and on golf courses. We have the right house for you if you look for a property with sea view, mountain view or view on the golf course. The properties and resorts have usually swimming pools, gardens and parking spaces.

Our property offers are located on the Costa Blanca, Alicante and the Costa Calida, Murcia; a beautiful coastal line with yacht clubs, beach villages, mountain villages and historical cities.

Before we take any kind of real estate on our books, we check the complete legal situation of the property. We check who the legal owner is, if there is a mortgage or seizure on the property, if taxes are paid and if the sales price is in line with the market value. It is quite a time consuming investigation but it is very important. It is our duty to give you the full information about the property of your interest.

We have build up a good relationship with a lot of building companies in the area, they inform us continuously about new phases and new areas they are going to build. Therefore our database of properties is continuously changing.
There are times when not a lot of houses are being build as there is a stock of key ready houses. You as the buyer have here the advantage that you do not have to wait until the construction is finished and you can see the qualities, the view and the sizes of the rooms.

As you know the three most important aspects of buying a property is the location, the location and the location.


Spanish property news - Costa Blanca

Published in uncatgoried
22-07-2014
Visit us at the Spanish Property Exhibition in Paris
Visit the stand of B&L Promotions at the Spanish Property Exhibition from the 19th till the 21st of September of 2014 in the Complex Porte de Versailles in Paris. Request your free entrance tickets and let us inform you about the purchase of your second home in Spain. You can find us at stand number C18-D19. More information

08-10-2013
Two-year residence permit for buying a home worth over 500.000 euros
Foreigners who buy a home in Spain worth over 500.000 euros will be granted a two-year residence permit. The aim of this measure is to prevent them from having to leave the country every 90 days to renew their visa. However, the Ministry for the Economy has explained that this measure will not entitle them to national health care or welfare benefits, and they will not be granted a work permit.
Furthermore, the money used to buy the property must come from outside Spain, as they may not apply for a mortgage loan from a Spanish bank.

13-04-2013
Energy Performance Certificate obligatory from the 1st of June 2013 in Spain
The Spanish government approved the Royal Decree 235/2013, which requires obtaining an energy certificate from the 1st of June 2013 for all homes that are on offer for sale or for rental for more than 4 months a year.
Contact us for more information on how to apply for the energy certificate and what are the expenses. More information about the energy certificate.

03-04-2013
Holiday lettings in Spain
For holiday lettings across all of Spain visit: www.spain-holiday.com. Leading online holiday rental site with over 6900 properties listed.

04-02-2013
Mandatory energy certificate
All owners who wish to sell or rent their homes must have an energy certificate from 2013. It is a document that describes how efficient a home is regarding the energy consumption. The law is currently being processed.

20-09-2012
Europeans who want to live more than three months in Spain must certify that they have a health insurance
The European Union citizens and their families who want to spend more than three months in Spain without work must prove that they have a public or private health insurance, engaged in this or in another country to provide similar coverage to that offered by the National Health System, as well as sufficient financial resources to support themselves during their stay. This is specified in the new Ministerial Order which came into force in July this year.
As an official agent of Caser Insurance we offer a wide range of health insurances. Contact us for a free quote.

16-07-2012
VAT increase on new build homes
The Spanish government has decided to increase the VAT on new build homes from the current 4% to 10% from the 1st of January of 2013.
Buy your home before 2013 and save 6% on the price of your home. We have a wide range of new build homes for sale at the coast and on golf courses. More information

02-01-2012
VAT reduction on new built properties extended
The Spanish government decided to extend temporarily the VAT reduction (from 8% to 4%) on new built properties. This reduction is applicable for permanent residence and second home. In case you want to take advantage of this limited time offer do not hesitate to contact us. We have a wide range of new built homes in our portfolio on the southern Costa Blanca.
New build apartments on the Costa Blanca from 69.900 euro.
New build villas on the Costa Blanca from 115.000 euro.
 
22-09-2011
Spain sets new record with 7.6 million foreign tourists in August
7.64 million foreign tourists visited Spain in August, a 9.4% increase on 2010 figures and a new record for August. So far this year, tourist figures are up by 8% on last year's according to the latest data from FRONTUR, who started compiling data back in 1995.
As far as the nationalities of the foreign tourists is concerned, August saw a 16.7% in the number of Americans coming into Spain, a 12.3% increase in Germans and a 10.5% increase in Italians, with the faithful Brits accounting for almost 9.5 million over the first eight months of the year.
Source: thinkspain.com

22-08-2011
Reduction of the VAT on new built properties
The Spanish government decided to reduce temporarily the VAT on new built properties from 8% to 4%. This reduction is applicable for those who decide to purchase a property before the 1st of January of 2012.
In case you want to take advantage of this limited time offer do not hesitate to contact us. We have a wide range of new built homes in our portfolio on the southern Costa Blanca.

Agents

Published in uncatgoried
B&L Promotions is working to expand its network in whole Europe and is searching for professional organizations for collaboration as agency for Spain with:

A network of clients with interest in Spain as a location for a second home or as property investment.

B&L Promotions is interested in collaboration with entrepreneurs with own customer base like:
- Insurance and real estate agents
- Accountants' Offices
- Investment advisors and asset managers
- Notaries
- Property funds
- Other entrepreneurs with broad customer base

B&L Promotions offers its agents a vast experience in selling Spanish property, a wide range of properties on the Costa Blanca and interesting conditions.

For more information please do not hesitate to contact us.



Buyers Guide

Published in uncatgoried

Buying a property in Spain
With the purchase of a property in Spain, you will be confronted with several different aspects as taxes, notary fees and registry costs, but also other regular costs as community fees, etc. Because of the rapidly changing regulations within the European Community, it is not easy to give a standard guide book. Nevertheless we will try to explain some main guidelines.

Your real estate agent
The real estate agent in Spain is paid by the seller. Prices are the same at the estate agency and the promotor. However, the big difference lies in the fact that the real estate agent will show you those objects which are most suitable to your whishes and budget, while on the other hand the individual developers can only offer their own products. Furthermore, your own real estate agent can assist you with the arranging of financing and you will be guided by a legal advisor during the purchase procedure.

The purchase
The process of buying in Spain differs essentially in a number of aspects from buying in the UK or other countries. For example, in Spain the possibility exists to take an option, however for the deal to be legitimate, an amount for reservation needs to be paid. In most cases, this amount is approximately 3000 euros. If you don't turn the option into a final purchase within a 30 days; you will loose the amount for reservation. The purchase agreement often is a combination of a reservation document and a buying agreement. This means that if you accomplish the option and the first mentioned payment in the agreement is fulfilled, the option automatically will become a definite buying agreement.

Fiscal number
Before you are going to sign for the public title deed for yourproperty in Spain you are obliged to apply for a fiscal number, called NIE number (Número de Identificación de Extranjeros). You will also need this number later on for doing your future tax declarations. Your legal adviser can help you with the application for the NIE number.

Notary fees and register fee
With the signing of the deeds you have to take into account approximately 3% of the registered purchase price for notary costs, registration and the presentation costs. The notary and Register fees will be charged by the notary by means of estimation. As soon as the property is registered in the Property Register you will receive a specified invoice and the possibly too much or too little calculated amount will be rectified. In general, we advise our clients at purchase to bear in mind approximately 12-13% extra costs so that disappointments afterwards will be avoided.

Financing
In case you want to use a mortgage for the purchase of a property in Spain, there are several options. There are numerous possibilities, even till 70% of the purchase price and with a running time up to 30 years. To provide a mortgage in Spain a valuation of the property has to be made, prove of income and a credit report has to be shown.

Remaining costs and taxes
Of course in Spain you will also have costs like the public utilities, communal taxes and in most cases also community fees. The community fee depends on the amount of services and utilities in your Community, of which you and your fellow owners have the use and /or the possession. Think about community parks and gardens, pools and other facilities. But also corridors, galleries and elevators are part of the services. Income tax and wealth tax are totally depending on your possessions and possible income in Spain.

Note : Non-residents have the obligation to appoint a fiscal representative to arrange their taxes; this can be a person or a company, but most likely this will be an administration office that is specialized in these matters. You will pay approximately 150,- euro for a standard declaration, being a non-resident. These kind of offices can receive your tax mail, make all the declarations and payments and answer all the questions referring to your property in Spain. On this way you won't have to worry about the fiscal part of your property and you can use your time enjoying your holiday home in Spain. With the above explanations we hope to have given you more intelligibility concerning the purchase procedure of a property in Spain. Please do not forget that for yourself it is quite an event, but for us it is our daily routine and we will guide you through the procedure as pleasant as possible.

Fiscal information about the purchase of your (second) home
B&L Promotions informs you about the fiscal items when purchasing a second home in Spain. Any foreigner owing a property in Spain has to pay tax. The average buyer is not familiar with the sort and the height of tax to be paid and where they have to pay them. Below you find a short list of the taxes where you have to count with:

- Income tax
- Wealth tax
- Property tax
- Income tax for non residents
- Wealth tax for non residents
- Tax on capital increase of the plot
- Capital gains tax
- Transmission tax
- VAT

Income Tax Residents (Impuesto Sobre la Renta de las Personas Fisicas - IRPF)
Any foreigner being resident in Spain has to make a tax declaration about his personal obligations and worldwide income. If you reside in Spain for over 6 month per year you will become a fiscal resident, even without having applied for the residence certificate. But there are some sorts of income (like state pensions for disability) which are exempted for income tax. Spain has agreements with many other countries stating where to pay the different sorts of tax. Spain counts with a progressive income tax percentage with a maximum of 43%. Being resident you can deduct the cost of your mortgage up to a maximum from your income tax declaration. Income below about 8.000 Euros are exempted for income tax and under certain circumstances this limit is 22.000 Euros.

Wealth Tax (Impuesto Sobre Patrimonio)
Per 1st of January 2008 the wealth tax has been lowered to 0%. So there still is an obligation to produce the tax declaration.

Property Tax (Impuesto Sobre Bienes Inmuebles)
Each owner of property is obliged to bay between 0,3 and 0,8% property tax. Each municipy uses a different percentage. For this tax there is no difference between residents and non-residents.

Income Tax For Non Residents
The Spanish tax system uses a kind of computed income for non resident property owners. This does not count for residents. In case of not renting out your property, you will have to pay 24% over 2% of the cadastral value. In case you are renting out your property, you have to pay 24% of rental income tax. You will have to pay a proportion over the period that the house was not rented out.

Tax on Capital Increase of the Land
(Plusvalia)
At selling your property you have to pay tax on the increase of value. This tax is payable to the town hall and is calculated by the size, the amount of year that the property was owned by you and the area of the municipality.

Capital Gains Tax (Impuesto Sobre Incremento de Patrimonio de la Venta de Bien Inmueble)
A Spanish citizen will unlikely pay this tax as he normally reinvests the capital in real estate. In case this new property is cheaper, he has to pay 18% on the benefit, deducing several costs. In case of selling a second home, even if the owner is a resident, a capital gains tax of 18% over the benefit has to be paid. The tax has to be paid over the difference between the purchase price and the sales price. The sales price can be incremented with expenses for maintenance, improvements etc. For calculating this tax an indexation is used to look after the inflation.

At the purchase, the buyer has to retain 3% of the selling price and pay this to the tax office through a form with the number 211. This is a pre payment which is obligation of the purchaser. In case the purchaser does not pay this 3%, the tax office will oblige the purchaser to pay for this.
Owners who had their property before 1994 can apply for a reduction.

Transmission Tax (Impuesto de Transmisiones Patrimoniales)
In case you purchase from a private person, you will have to pay 10% tax over the declared value of the property.
Buying from a company you will have to pay VAT.

VAT (IVA)
Purchasing land from a promoter you will have to pay 21% IVA. Purchasing from a private person you do not pay IVA but transmission tax. Buying a new property including the land and from a promoter/developer you will have to pay only 10% IVA. If you purchase the land first and later you order the new build, you pay 21% on the land and 10% on the building. Extras like pools, garages terraces etc, ordered separate are charged with a 21% VAT.

IVA at new built
At the purchase of a new holiday home, the purchaser has to pay IVA. Is the property being bought for own use, it is not possible to apply to be a VAT enterprise. For this the VAT will not be refunded.  In case of purchase with the purpose to rent out through a professional rental company, the purchaser can be qualified as a VAT enterprise. This can be done by applying for a VAT number at the tax office.

In this case the owner can apply VAT tax return under certain conditions.
- The owner has to make a contract with a rental company (the owner will be seen as a regular guest)
- In case of own use, the owner has to pay VAT on the rent he has to pay for the use of his property
- To get a tax return, the appliance has to be done before the 30th of June of the year after having paid the VAT.

For more exact information we can make an appointment for you with our accountant. Fiscal advice is individual and will have to be designed for each property owner separately.


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