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Spain OVERALL LOOK AT THE COSTA DEL SOL, ALMERIA & THE COSTA BLANCA ALMERIA LOCATION • Located in the province of Andalucia, Southern coast of Spain in-between Costa Tropical and Costa Calida - On the Mediterranean Sea • 2 ½ hr flight time from most UK international airports FACTS • 80 km long – Principal City is Almeria • Almeria has the biggest marina in Andalucia with a capacity of 1100 berths located in the town of Almerimar • General infrastructure is good and improving daily - the Spanish government is pumping 2.2 Billion Euros into this area • Popular towns include, Vera, Garrucha, Las Negras, San Jose, Almeria, Mojacar & Almerimar • Home to the Original Spaghetti westerns – films like A Fist Full of Dollars, & The Good, The Bad & The Ugly. • 2005 capital appreciation in Almeria average 25% - Fantastic rental opportunities. • 1 hour ahead of GMT • Beautiful Sierra Nevada mountains • 3 National Parks • Almeria is the birth place of sherry LIVING IN ALMERIA • Strong northern European community including Spanish buyers from the northern part of Spain – very cosmopolitan • Cheap cost of living. €2.cigarettes, €3 bottle of wine. Dinner € 20. Tapas from €1.50 • Traditional foods. Paella, Jamon, and fantastic seafoods • No visas for EU passport holders • Dentists, 24hr pharmacy, modern hospitals, specialist clinics, beauty clinics and multilingual doctors DESCRIPTION OF ALMERIA • Over 320 days of sunshine – Over 3000 hours of sunshine • Weather: 35 degrees in summer, 18 degrees in winter – average temp through out the year 21 degrees • Golden sandy beaches, there are more blue flag beaches per Km than anywhere else in Spain. • Many championship 18 hole golf courses including the world famous Desert Springs one of only 8 desert golf courses in the world • Fully equipped marinas, amazing night life, restaurants, clubs and pavement cafes • Beautiful “white cities” (hilltop towns and villages) scattered across the mountain range ACTIVITIES • Windsurfing, sailing, waterskiing and water sports • Shooting, archery, quad biking, hiking, horse riding and tennis • Winter sports – Sierra Nevada • Classical and modern music events • Full cultural programme - Bull fights, Ferrias and Fiestas INVESTMENT • Held Mediterranean Games in 2005 – Meant massive exposure for the area and upgrade of infrastructure and athletic facilities – Coca Cola main sponsors • Capital growth 15%-26% • We recommend medium to long term investment • Building guarantees for 10 years, bank guarantees are in place • Very strict building regulations – max 3 stories high in most areas • Construction period will be 24 months • Utility bills approx. €25 per month • Community charges approx. €50 - €75per month • Lowest deposit available in Spain 15% on some developments OVERALL LOOK AT THE COSTA BLANCA LOCATION • East coast of Spain from Valencia to Murcia • On the Mediterranean Sea • 2 hr flight time from most UK international airports FACTS • Costa Blanca has been elected as the healthiest place on earth to live by the World Health Organization & the highest life expectancy • General infrastructure is good - Excellent roads, public transport and marinas • The towns of importance are Moraira, Calpe, Javea, Denia, and Alicante. • Two main airports that service the Costa Blanca are Valencia & Alicante and can be reached from most major European cities and beyond. Also accessible through Murcia airport in San Javier. • New “Corvera International airport” in Murcia complete 2008 • Very cosmopolitan lifestyle • 2005 capital appreciation in the Costa Blanca average 20% - Fantastic rental opportunities. • 1 hour ahead of GMT • Murcia new emerging market – fastest growing city in Spain LIVING ON COSTA BLANCA • Strong ex-pat community in certain areas • Cheap cost of living. €2.cigarettes, €3 bottle of wine. Dinner € 15. Tapas from €1.50 • Traditional foods. Paella, Jamon, and fantastic sea foods • No visas for EU passport holders • Dentists, 24hr pharmacy, modern hospitals, specialist clinics, beauty clinics and multilingual doctors (excellent health care), international schools, championship golf courses, great shopping. DESCRIPTION OF THE COSTA BLANCA • Costa Blanca is very exclusive, many stunning bays and long strips of beaches are complemented by the backdrop of mountains • Extremely low property density – very exclusive feel • 310 days of sunshine - 32 degrees in summer, 13 degrees in winter • Murcia has 315 days of sunshine – and average temp of 21 degrees • 217 km of Golden sandy beaches over 106 blue flags • Fully equipped marinas with luxurious 5 star hotels some of Spain’s best are here in Denia, Javea, Moraira and Calpe – all have future plans accepted for expansion 300 – 400 berths each • 20 championship 18 hole golf courses – plus 20 under construction • Amazing night life, restaurants, clubs, pavement cafes and tapas bars • Moraira fast becoming the new “Puerto Banús” of the Costa Blanca • Shoppers paradise • Beautiful “white cities” (hilltop towns and villages) scattered across the mountain range • Superb academic institutions • The region offers beautiful Spanish countryside, natural parks & conservation areas protected by the Spanish Government • La Manga – established resort – affluent area very expensive, Mar menor will rise to reflect this. ACTIVITIES • Windsurfing, sailing, waterskiing and water sports – Marmenor is the best area for this • Shooting, archery, quad biking, hiking, horse riding and tennis • Europe’s largest in-door spa – Marina D’or over 50,000 sq meters in size • Safari parks • Classical and modern music events • Full cultural programme - Bull fights, Ferias and Fiestas OVERALL LOOK AT THE COSTA DEL SOL LOCATION • South West coast of Spain from Gibraltar to Motril • On the Mediterranean Sea • 2 1/2 hr flight time from most UK international airports FACTS • 150 km long – Principal City and Provincial Capital Malaga • Malaga also has a major port for trade and tourism, Cruise ships dock. • General infrastructure is excellent - Excellent roads and public transport. • Popular towns include, Torremolinos, Benalmadena, Fuengirola, Marbella, Puerto Banus, Estepona & Duquesa. • Very cosmopolitan lifestyle - Playground of the rich and famous. • 2006 capital appreciation in CDS average 15% - Fantastic rental opportunities. • 1 hour ahead of GMT LIVING ON COSTA DEL SOL • Strong English community • Cheap cost of living. €2.cigarettes, €3 bottle of wine. Dinner € 20. Tapas from €1.50 • Traditional foods. Paella, Jamon, and fantastic seafoods • No visas for EU passport holders • Dentists, 24hr pharmacy, modern hospitals, specialist clinics, beauty clinics and multilingual doctors and international schools. DESCRIPTION OF THE COSTA DEL SOL • 320 days of sunshine. • Weather: 35 degrees in summer, 17 degrees in winter • Golden sandy beaches some are blue flag standard • Fully equipped marinas with luxurious 5 star hotels • Over 40 championship 18 hole golf courses • Amazing night life, restaurants, clubs, pavement cafes and tapas bars • Shoppers paradise • Beautiful pueblos or “white cities” (hilltop towns and villages) scattered across the mountain range ACTIVITIES • Excursions to Gibraltar and Morocco • Windsurfing, sailing, waterskiing and watersports • Shooting, archery, quad biking, hiking, horse riding and tennis • Skiing and other winter sports in Sierra Nevada mountains • Selwo Safari park - Fuengirola Zoo • Classical and modern music events - Live shows by top artist’s e.g. Elton John. • Full cultural programme - Bull fights, Ferias and Fiestas INHERITANCE TAX • Put your siblings name on the title deeds, if they are over 18 years old they don’t inherit anything they own it. If not they’ll have to pay 40% of inheritance money CAPITAL GAINS TAX • 1yr after sale of property you have to pay either of the following: o 18% on profit made. Said profit is the difference between the purchase and sales price less taxes and costs related to the sale and purchase. o Buyer’s retention of 5% on the sales price of a property sold by a non-resident has been reduced from 5% to 3%. The purchaser of a property owned by a non-resident seller must make this retention from the sales price and pay it over to hacienda – the tax office- as an account of the seller’s CGT liability. o It should be noted that a non resident seller of a Spanish property may have residual CGT liability under applicable rules in their own country of residence, subject to any relevant double taxation treaty between Spain and their tax residence. • Or invest your profits back into the country and no Capital gains to be paid if this is paid into your principal residence. • However, as a company, we would suggest that the clients do their due diligence and check their tax liabilities in their country of origin. (We are not tax specialists) INCOME TAX • 24% • Double taxation agreement with number of European countries RENTALS • We have a rental & after-sales division • High season is June, July, August and September months • Golfing season is also good for rentals – December, January, February, March, and April • Average annual rental yield 10%