“Officially”, Spanish residential values have declined 22% from peak in 2007.

In the same timeframe, US prices have dropped 50% & Ireland 55%.

How much further (if any) are Spanish values likely to drop ???

Cheers,

Andrea

Just a few thoughts and questions about the future for Spain.  Spain has HUGE problems as a country with the size of its debt.  Fireman are having to pay for the ITV on their fire engines, policemen have to walk to crime scenes because there is no car, etc etc all have a lighter side if it was not so serious.

Spain’s problems are being aired in the international press. http://www.telegraph.co.uk/news/worldnews/europe/spain/8712904/The-hilltop-Spanish-town-overshadowed-by-a-debt-mountain.html (Hold On, read the rest of the posting before going off to read this report)

But things are not all bad.  Remarkably Valencia Property (Find them on Facebook) are reporting barely being able to keep up with demand for property purchases.  Likewise at ExpatFinancialAdviceSpain (Also on Facebook) we are similarly busy helping with repositioning of money away from possible problematic institutions.

And I believe that we will have something to look forward to, a bright light at the end of the tunnel.  A change to the structure of the EURO could be very beneficial for Spain.  For arguments sake let’s say that Germany is in a different part of the new Euro system than the Spanish part (There are many reasons why Germany will leave, including not triggering defaults by expelling other countries).  With the Spanish part of the Euro weaker there will be a tremendous boost for the Northern Euro holders.  At present, Germans buying in Spain buy on a one to one basis because they are in the same currency.  BUT, when the MED is at a lower value Germans will be able to buy at half the price.  Spanish companies will be more competitive in the export market and the country will be able to reduce its debt with a bit of inflation.

I would like to propose the name of the new Spanish Euro as the MED.  Analysts suggest that the MED could be at a rate of
1 GBP = 1.90 MEDS.  Germans, Brits etc could get double their money by buying in Spain.  And wouldn’t this be a boost for those British people here with UK incomes.  Their income would also be nearly twice as much,  which will feed into the Spanish economy.

Until we see the politicians take control/responsibility we need to make sure that our investments are safe and secure.

Any suggestions for alternative names for the Spanish part of the Euro if not the Med?

http://www.telegraph.co.uk/news/worldnews/europe/spain/8712904/The-hilltop-Spanish-town-overshadowed-by-a-debt-mountain.html
EDITED BY JURDY

From what Ive read the banks cover up to 100,000E in an account , can any one confirm this and given the current situation should we be moving money back to the UK. ( Though i’m not sure its much better there in the long term)

Residency requirements - for information only , This Order has come into force . Royal Decree 240/2007, of 16 February 2007.

he the UKinspain like http://ukinspain.fco.gov.uk/en/help-for-british-nationals/living-in-spain/residence-req/residency-requirements-translation

The 500 page document Ley 2/2012 Presupuestos Generales del Estado 2012 can be found on the link for anyone else to wade through to see http://www.boe.es/boe/dias/2012/06/30/pdfs/BOE-A-2012-8745.pdf

In nut shell , you need start payying taxes in spain , no free loading anymore ... 

if you spend less the 90 day in spain in one 365 days (one tax year )

Expatriates and Spaniards who want to check whether they are covered for healthcare can enter the Social Security website at https://sede.seg-social.gob.es/Sede_1/index.htm and then click on Ciudadanos (‘citizens’) and from the left-hand menu, Asistencia sanitaria: comprobación del derecho (‘healthcare: checking your right to assistance’).

Next, click on acceso al servicio (‘access service’) just below the title.

At the bottom, click on the icon Consultar derecho asistencia sanitaria (‘check your right to medical assistance’).

If you have already made a consultation, you can chose the option Ver resultado consulta (‘see result of enquiry’) and enter the reference number you would have been given when submitting your details.

Fill in the form with your name, date of birth, NIE number – or DNI if you hold a Spanish passport – and email address. The NIE number should not include any spaces or hyphens, only the letters and numbers.

Your Social Security number will be required – this can be found on the back of your health service card and is 13 digits long – and should be typed without any forward slashes nor the letter at the end.

The next section requires all the same information, except the Social Security number, for the ‘beneficiary’– if you are checking for yourself, you will need to complete these details again, although if you are working or retired but have a partner who is not, or a dependent child or other family member and wish to find out whether they are still entitled to healthcare, you should place their details in the second section of the form.

Finally, click on the icon Consultar (‘consult’) and you will be given a número de referencia (‘reference number’) on the next page, normally starting with several zeros.

You can check the present position of your consultation on the website using this number, as explained above.

Otherwise, if you have included your email address, you will receive a reply within a matter of minutes.
SEDE
sede.seg-social.gob.es

The new VAT sept 1 2012 / El nuevo septiembre IVA 2012

GENERAL RATE (18% to 21%)
Electricity, Gas, Butano, Telephone calls both land line and mobile and ADSL connection to the internet.
Vehicles
Clothes, footwear and other compliments and jewellery
Electrical appliances including TV’s and electronic books
Alcoholic Drinks which contain ethyl alcohol, and distilled drinks such as gin and whisky
Products to clean the home, cosmetics, hygiene products including baby’s nappies and services related to aesthetics and beauty.
Office material from biros to files
The large superstores and hypermarkets are going to absorb the IVA increase as a gesture to the public, for a time.

REDUCED RATE (8% to 10%)
Tampons and protective slips
Some foodstuffs such as biscuits, cereals, salt, honey, meat, fish, yoghurts, sugar, soft drinks, oils, brown bread and sausages
Alcoholic drinks which contain no ethyl alcohol and which have not been distilled, such as wine and beer
Water apt for human or pet consumption or for irrigation
Hostelry services from bars to casinos, wedding receptions, camping, spas, restaurants and suppliers of food and drink
Appliances and supplements including graduated glasses and contact lenses
Transport of passengers and their luggage
Exhibitions and ferias of a commercial character
The entrance to libraries, archives, museums and art galleries
Amateur sports events
Cleaning of public highways, parks and public gardens. The collection, storage, transport, valuation or elimination of waste, cleaning of public drains and their deratting, and the collection or treatment of waste water
Sanitary products, material, instruments for prevention, diagnosis and treatment of illnesses in humans and animals
Seeds and materials of origin exclusively animal or vegetables, herbicides, pesticides, and plastic or paper bgs to protect the fruit before harvest
Medicaments for animal use and veterinary services
Seeds, bulbs and cuttings and other products of vegetable origin. Trees and fruit trees, vegetables and herbs
Flowers and plants which they are used in the carrying out of agricultural, forestry or farming activities
The lease purchasing of buildings or parts thereof, used exclusively for new housing, including garages, with a minimum of two units, and annexes that are leased together

ITEMS WHICH GO FROM SUPER REDUCED (4%) TO GENERAL (21%)
School materials, diaries, calendars, carts, crafts notebooks, compasses, coloured paper, clay, modelling dough, crayons, paints, watercolours, spiral notebooks, plastic sheeting for covering books, and rucksacks for children and youths.

ITEMS WHICH GO FROM REDUCED (8%) TO GENERAL (21%)
Entrance tickets for theatres, cinemas, shows, concerts, zoos, attraction parks, fairgrounds, and bullfights, discotheques, flamenco clubs, karaoke etc
Hairdressing, laser hair removal, cosmetic surgery, weight loss treatments, dietary services etc
Mixed services in hostelry, shows or discotheques
Urban spas, healthcare, dental and spa treatments that do not enjoy exception
Supply and reception of radio and digital television services
Flowers, plants of ornamental character
Funeral services
The import of objects of art, antiques, collection items
Services given by interpreters, artists, directors and technicians to film producers and theatre organisers
Services used by people who play sport. Classes for the practice of sport, gymnasiums, and the rental of items for the playing of sport. Skis, snowboards, boots, racquets, diving equipment etc. Adventure sports
Veterinary services for pets

SUPER REDUCED RATE (4%) – NO CHANGE
Common bread, frozen pastry and frozen bread. Flour which can be used to make bread
Milk produced by any species of animal, natural, certified, pasteurised, concentrated, skimmed, UHT, evaporated and powdered milk
Cheeses and eggs
Fruit, vegetables, beans, root crops and natural cereals
Text books, albums, sheet music, maps, and drawing books
Books, newspapers and magazines that not contain advertising or which complementary extras such as tapes, records or videos
Human medications and substances and products needed for the production
Internal prostheses and disabled implants. Vehicles intended for use by the disable which can transport wheelchairs. Wheelchair repair
Property classified by the administration as ‘official protection in special regime’ or of public promotion, when the handing over of the property is made by its promoters, If it includes garages or annexes in the same building they will be done together. The leasing of special regime or public advocacy or social housing, including two parking spaces.

Expat with sky Equipment who live in SPAIN and EU ZONE will be lostting there uk tv over the next few days ,
today bbc radio moved to there new home on Astra1N SO CANT GET IT , YOU GOING TO LOSS IT

the new footprint for Astran1 is http://www.ses.com/4674009/11-06-14-astra-1n-footprint

I read in a newspaper recently (one of the English Freebies - possibly Olive Press or Euro Weekly) that the govt is
planning to DISALLOW supermarkets to sell their own brand food.  I.e Stopping the lower pricing?

I am no economist and don’t understand what all this is about.

Surely if the point is to create growth (in any sense of the word), high turn over of cheaper goods, which benefits the end
user/enables them to survive is the way to go?

I have no knowledge of economics so please excuse my ignorance.

I can’t remember the exact wording of the article/the whole topic, only that they wanted to stop the sale of lower priced (own brand)
food.

Does this mean they want us to pay for more expensive branded/imported food?

Back to my original Q .. If we are suffering already, how are we supposed to survive on higher priced food.

:(

Could anyone tell me if Spain operates a reduction in Taxes if one experiences local problems that effect house prices, the possibility of selling and unsocial/health issues.

I live on an Urbanisation that has been effected by the gases and smell from a local Refuge processing Plant run by FCC.
The local residents have been fighting to get the problem resolved but no one takes any action.

I would like to apply for a reduction in my local taxes due to these issues but do not know who I would contact to ask this. I previously wrote to our local Ayuntamento and Mayor in El Campello, Alicante but did not receive a reply; which is usual for him.

Could anyone advise.

Steve

Could someone kindly answer the following question?

As a non resident who owns a Spanish property, my solicitor insisted that I needed to open a Spanish bank account even though I have an International bank account that has 2 branches in Valencia, which is in the area that my property is situated.
My International bank has all the facilities of a Spanish bank and more.
Could someone please offer a legal ruling on this as I am not happy with my Spanish bank.

Hoy he descubierto que existen páginas web que tienen que ver con la compra en los EE.UU. como residente europeo ( oneusaaddress , skybox , viabox ... ) Estoy interesado en el servicio Viabox pero parece bastante arriesgado para comprar antes de conocer un poco de experiencia de otros usuarios.
¿Cómo se supone que funciona: Usted compra en una tienda de Estados Unidos ( Newegg , Amazon ... ) y poner su dirección en él , entonces se envían a usted de algo de dinero . Podría ser una buena oportunidad para algunos residentes de la UE para comprar hardware a un costo barato ya que por ejemplo el zafiro R9 Furia Nitro cuesta $ 499 en Newegg y 650 € en la mayoría de las tiendas de la UE .
¿Alguien tiene experiencia con estos servicios ?

Para obtener más información www.viabox.com

The 12 months Euribor rate used to calculate most mortgage repayments in Spain came in at -0.013 in March 2016.

This is obviously terrible news for savers but in the short terms existing borrowers with an annually resetting mortgage product could see their monthly repayments decline by C€12pcm (based on €120,000 over 20 years).

Long term, no one (including us at EU Property Solutions) knows where this is going or how things are going to pan out. Financial experts certainly didn’t predict the Euribor rate to move negative so quickly. As it has turned negative Spanish Banks have gone into a frenzy to work out simply what to do! Technically Banks could start to pay their customers who are due a mortgage repayment review. Crazy!

The President of the Spanish Banking association has been quoted saying the above is “insane, unsustainable and unreasonable” and we understand the association is currently seeking legal advice on how to respond to these rates. It would seem though that Banks have commenced measures to protect themselves.

As stated above EU Property Solutions (and no one else it seems) know how the situation is going to pan out. Ambrose Evans Pritchard, International Business Editor at The Daily Telegraph, outlined the scenario as “grotesque…devastating for Banks….a calamitous misadventure.”

We understand this brings about yet more uncertainty for Spanish property owners. It is incredibly to think that 8 years on from the Global Financial Crisis we are still obviously seeing repercussions.

Hello,
Are you in search of a legitimate loan?
Tired search for loans and Mortgages?
Were you rejected by your banks?
Do you need a loan to pay your debts, invoices?
We Offer loans starting from 5.000€ with an interest rate of 3% rate. We are worthy of confidence.
If you are interested do not hesitate with us contact.

Dear Partner/Associate,

I am a direct Mandate to a genuinely renowned Investment Finance Company offering Cash & Asset Backed Financial Instruments such as BG/SBLC/LC/DLC on Lease and Sale at the best rates and with the most feasible procedures.

Instruments offered can be put in all forms of trade and can be monetized or discounted for direct funding. We offer certifiable and verifiable bank instruments via Swift Transmission from a genuine provider capable of taking up time bound transactions.

Kindly contact for genuine inquiries and I can provide you with the needed information.

Rudolf Gerben Zijlma
Contact Email: rgz.leasebrokerage@gmail.com
Skype ID: rgz.leasebrokerage

Best Regards

Dear Sir/Madam,

I write to introduce our financial services to you. I am a direct mandate to a Financial Institution who is also known as private lender specialized in the Lease of Bank / Financial Instruments in the form of Bank Guarantees (BG), Standby Letter of Credit (SBLC), Documentary Letter of Credit (DLC), Letter of Credit (LC), Performance Bonds (PB), Medium Term Notes (MTN) et al with funds is purely earned from private and corporate investment portfolios without criminal origin. We are able to issue from AAA Rated bank such as HSBC Bank Hong Kong, HSBC Bank London, Deutsche Bank AG Frankfurt, Barclays Bank , Standard Chartered Bank and others on lease at the lowest available rates depending on the face value of the instrument needed.

We offer these from a genuine and certifiable finance company as the provider hence we are able finance your signatory projects and help you enhance your business plan. Furthermore, our financial instrument can be used for the purchase of goods from any manufacturer irrespective of their location. It can also serve as collateral with any bank in the world to secure loans for your project or to activate credit line to finance your business plan.

Our financial instrument can be invested into High Yield Investment Trading Program {HYITP) or Private Placement Program (PPP).  All bank instruments are for lease and/or sale from a genuine and reliable source without broker chain / joker broker story or chauffer driven offer while having your required time frame in mind.

We will be glad to share our working procedures with you upon request to help us proceed towards closing deals effectively.

Thank you
Richard Das
Email: leasemandate.richdas@gmail.com
Skype: leasemandate.richdas

Dear All,

We have a providers of financial instrument and at this time Provider only has Fresh Cut Bank Guarantee and Standby Letters of Credit (FC BG/SBLC) for offer.

At this time they can issue from Deutsche Bank, HSBC, Barclays and Standard Chartered UK.  
 
We can also help introduce clients to monetizing companies who can help monetize your BG and grant you a non refundable financing of between 90% to 100% of the value of the BG/SBLC, this is only for BUY OUT BG/SBLC as the Monetizers DO NOT monetize Lease BG/SBLC; but we only introduce clients to monetizing company if the client secures a BG/SBLC from our Provider..
 
As soon as you fill out the DOA and meet with Provider’s respective requirements, Provider will immediately countersign and proceed issue with issuance of the BG/SBLC.  

We look forward to working with you.

Mr. Georgii Vinner
Email: gvconsults.vinn@gmail.com
Skype:consults.vinn

We are direct provider for BG/SBLC specifically for lease, at Leasing Price: 5.0% of Face Value plus (0.5+X)% commission fees to brokers,

Issuance by HSBC Bank London , Barclays Bank London,&AAA; Rated Banks

Our BG/SBLC Financing can help you get your project funded, loan financing by providing you with yearly renewable leased bank instruments. We work directly with issuing bank lease providers, this Instrument can be monetized on your behalf for 100% funding. Intermediaries/Consultants/Brokers are welcome to bring their clients and are 100% protected. In complete confidence, we will work together for the benefits of all parties involved: For further details contact us with the below information.

Email: bgsblc.boskovic@gmail.com
Skype ID: bg.boskovic
Thank you.

Dear Sir/Ma
We have direct providers of Fresh Cut BG, SBLC and MTN which are specifically for lease. Our bank instrument can be engaged in PPP Trading, Discounting, Signature Project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, Construction of Dams, Bridges, Real Estate and all kind of projects.

If you have need for corporate loans, International project funding, etc. or if you have a client that requires funding for his project or business, We are also affiliated with lenders who specialize on funding against financial instruments, such as BG, SBLC, POF or MTN, we fund 100% of the face value of the financial instrument.

Thank you.
For contacting purpose:
Contact : Mr. Kim sungnyon
Skype ID: kim.sungnyon
Email : sungnyon.bgsblc@gmail.com

Are you an individual businessman or a business organisation that wishes to expand in business ??, we offer financial instrument such as BGs, SBLCs,MTNs, LCs, CDs and others on lease and sales at a rate of 4%+2% of the face value and reasonable conditionfrom a genuine provider. You are at liberty to engage our leased facilities into trade programs as well as in signatory project(s) such as Aviation, Agriculture, Petroleum, Telecommunication and any other project(s) etc.

Email:~  inquiry.firstchoice@gmail.com      
Skype ID:contact.firstchoice

With our financial/bank instrument you can establish line of credit with your bank and/or secure loan for your projects in which our bank instrument will serve collateral in your bank to fund your project.

We deliver with time and precision as set forth in the agreement. Our terms and Conditions are reasonable and we work directly with issuing bank lease providers, this instrument can be monetized on your behalf for upto 100% funding. Intermediaries/Consultants/Brokers are welcome to bring their clients and are 100% protected. In complete confidence, we will work together for the benefits of all parties involved.

All relevant business information will be provided upon request.
BROKERS ARE WELCOME & 100% PROTECTED!!!

If Interested kindly contact me via

Email:~  inquiry.firstchoice@gmail.com
Skype ID:contact.firstchoice

serious enquiry

Dear Partner/Associate,

I am a direct Mandate to a genuinely renowned Investment Finance Company offering Cash & Asset Backed Financial Instruments such as BG/SBLC/LC/DLC on Lease and Sale at the best rates and with the most feasible procedures. Instruments offered can be put in all forms of trade and can be monetized or discounted for direct funding. We offer certifiable and verifiable bank instruments via Swift Transmission from a genuine provider capable of taking up time bound transactions.

Kindly contact for genuine inquiries and I can provide you with the needed information.
Email: sungnyon.bgsblc@gmail.com
Skype:    kim.sungnyon

Best Regards