Andalucia has become the region of Spain (with the exception of the Basque Country) with the fewest taxes after Madrid. The president of the Junta, Juanma Moreno, announced on Wednesday 21 September there will no longer be a wealth tax in Andalucia.  Moreno said this tax accounts for 0.6% of income for the regional government (95 million euros a year) and the change will have a very positive impact on increasing revenue and attracting investment. Ten of the top 20 wealth tax payers in 2019 left Andalucia in 2020, resulting in a loss of income of nearly 18 million euros (3.5 million euros ..read more

Marbella is a wonderful place to live. So unique in many ways, not least because it offers something for everyone. When you include the surrounding regions you will be able to cover pretty much all your favorite hobbies. Ranging from a variety of different sports, to touristic and cultural attractions and also the great outdoors.. In today’s blog, we will show you what many people, including us here at Verdin Property, like to get up to! Endless Sunshine Marbella’s micro-climate means that you can enjoy over 325 days of sunshine per year! Protected on its northern side by the mountains, i ..read more

Record sales + lack of inventory means one thing. Soaring prices. Welcome to the mid-term market report from your leading luxury agency in Marbella – Verdin Property. Since Europe’s nobility and A-list celebrities first discovered the Costa del Sol in the 1960s, this part of Spain has always been about luxury living. Not for nothing do Benahavis, Marbella and Estepona make up the ‘Golden Triangle’, home to some of southern Europe’s most exclusive properties, the majority with seven-figure price tags. A relative newcomer to the list of luxury, in-demand areas is Sotogrande, where sales and ..read more

Great news! Until the end of the current year (2021), transfer tax will be set at a flat rate of 7% on the purchase of resale properties, building land and garage spaces. Additionally, stamp duty will be charged at 1.2%, rather than at the previous rates, see an example below! These reduced rates only apply to Andalucia. The Junta de Andalucia, has recently announced a cut to resale property transfer tax and also stamp duty for the remainder of 2021, which is great news! This move is designed to benefit buyers and additionally boost sales at every level of the market. A tax reform deal struck ..read more