23 June 10

Capital Gains (CGT) Tax changes in the Uk's emergency budget June 2010: how it affects your purchase in Spain

CGT has increased to 28%. So how does this affect you?

Spain and the UK have a double tax agreement (DTT) which means that once you pay your CGT to the Spanish government on the profits of the sale of your holiday home in Spain, you will only have to pay the difference between Spain's CGT and that of the UK's. The CGT in Spain is currently 18%. This is deducted from your profit after all expenses, costs and inflation are factored in.

Additionally, allowances specific to the buyer also apply. You will need to discuss the fine detail with your accountant.

Britons over the age of 65 who have lived in Spain for over 3 years are exempt from CGT.

Britons domiciled in Spain are also exempt on disposal of their property as long as the proceeds are used to buy another home.

10 Apr 10

The Times: A new generation of Britons warms to a life of sun, sea, sand and Spain

They became a symbol of the global housing market crash, unsold, half-built, lining the Mediterranean like skeletal relics of a bygone, more prosperous age.

But villas and apartments on the Spanish Costas are suddenly hot property again as Britain’s second-home buyers rediscover the attractions of life in southern Spain.

Fresh from a chilly, dismal winter, drawn by falling prices and apparently undaunted by the low sterling-euro exchange rate, a new generation of would-be buyers has descended on Spain, according to the Spanish division of Taylor Wimpey.

Typical holiday home buyers are no longer “stereotype retirees”, the UK’s biggest house builder said. Instead, executives with families who spend an average of 60 days a year in Spain have emerged as the dominant British buyers in a region that enjoyed huge popularity during the credit-fueled boom years.

26 Mar 10
A Place in the Sun Live "best exhibition for years"

After two of our worst years in recent properties abroad history, it came as a long overdue relief to be able to report that this Spring's 2010 A Place in the Sun exhibition offering, in London's Earls Court, was one of the best for many years. Not only were visitor numbers heading back towards pre-recession levels, but crucially, the number of serious buyers at the quality end of the Spanish market is the main market sector driving the recovery. This confirms the anecdotal rumour doing the rounds that the higher end Spanish market is definitely returning.

Peter Mustafa of Monte Pego UK said: "This show was a great success for us. Many visitors to our stand have booked viewing trips to Monte Pego and with higher budgets than we have seen in recent years. This was definitely our best exhibition for years."

21 Oct 09
Free extended structural warranty on all resales

Monte Pego's founders and builders, Juan Porsellanes, introduces an exclusive new service to give buyers and vendors of resales additional peace of mind. This facility is exclusive and only available for villas bought through the official Monte Pego resales department. The idea is to provide the villa you are buying with an extended structural warranty free of charge. This valuable facility is completely unique to their company. It is only possible because as builders, they provided the original warranty, have all the original plans and know the history of each villa.
The only caveat being that it applies only to villas built by Juan Porsellanes and excludes villas where structural building works have been carried out by other builders.

The aim of the company is to de fragment the marketing of resales by making the official on-site Monte Pego resales department, which the company is now expanding, user-friendly and a one-stop-shop for all sellers and buyers of resales in Monte Pego.

Additionally, any client interested in a specific resale not already shown on official lists, can simply inform the company of their interest by sending an email with details of the specific villa to info@montepego.co.uk and they will contact the owner and add that villa to their portfolio. This provides a buyer with all the official benefits which only the Monte Pego developers can give, at no extra cost more >

9 Oct 09

News release: 8th October 2009 A Place in the Sun

HIGH QUALITY VISITORS AT NEC
SHOW CONFIRMS INDUSTRY'S
CAUTIOUS OPTIMISM - more text to be added

8 Sep 09
New Villa Design - "Villa 4"
4 Apartments in 1 large villa.
Go see!

16 Oct 07
Feature in Belfast Telegraph
Featurette of Monte Pego.
Go see!

14 Sep 07
Exhibition dates released
Dates of our exhibition appearances have been announced...
Go see!

14 July 07
New Resales
We've added 4 more resales to the site.
Go see!

22 June 07
Monte Pego Villa Resales Arrive
Finally you may say, we have added resales in Monte Pego to the website. The section is in its early days but will evolve and improve quickly. Check it out here!

21 June 07
Monte Pego Social Club Opening
Coming to Monte Pego in 2008 is the opening of The Monte Pego Club Social. A place to meet, make friends, participate in games, activities, competitions and tournaments, learn Spanish, get in shape, free internet access and many more!

There'll be snooker tables, table tennis, a gym, aerobic rooms, conference and meeting rooms, a theatre, library... the list goes on. And to top it off, a Mediterranean Style Garden with Ponds and fountains together with areas for walks, jogging, bouls etc.

The plans for the "Club Social" are exhibited in the reception of the Monte Pego Service Center.