Spanish Investment Opportunities
Making an investment in Spain is an appealing option for many investors looking to invest in Europe. However, before investing in Spain, it is very important to know the ins and outs regarding these opportunities.
There are nearly 60 golf courses in Andalusia, of which 30 are on the Costa del Sol. The fine weather allows golf to be popular all year round. Those who purchase golf property as an investment usually rent their property for most of the year. Real estate agents or the golf complex developer will arrange to manage the rentals for a fee of around 15%.
Investing on Andalusia’s Alternative Coast–the Costa de la Luz
Andalusia is actually bigger than some countries. Many people think the province and the Costa del Sol are the same thing, but there’s a lot more to Andalusia than endless resorts. It’s divided into eight provinces: Málaga, Seville, Córdoba, Granada, Jaén, Almería, Huelva, and Cádiz.
Care is being taken to protect this undiscovered region around Huelva and Cádiz, nicknamed “the Spanish Algarve” because of its proximity to the Portuguese border. A property here could be a worthwhile investment—homes are substantially cheaper than equivalent properties on both the Costa del Sol and the Portuguese Algarve. Plus, strict planning laws mean that it will never become overbuilt.
A good town for a property search in the Costa de la Luz is Chiclana de la Frontera. Splendid beaches are just seven miles away, and settlements near Playa La Barrosa are some of Spain’s most architecturally charming. Small, lowrise apartments and intensely white, attached houses with neat, flowery gardens front the beach. In the pine woods beyond are low-density developments–apartments and individual bungalows, usually set around a communal swimming pool. La Barrosa’s golden sands run for five miles down to Novo Sancti Petri, where there’s a golf course. Even in winter, these little resorts aren’t dead–most beachfront cafés remain open and there are plenty of people about.
Taxes in Spain
Income tax: Spain’s individual income tax rates are progressive, from 24.75% to 52%.
Capital gains: Capital gains of companies are added to the regular income and are taxable at 27% rate. Under certain terms there is a participation exemption for sale of shares of a subsidiary.