by Grupo VAPF | Mar 16, 2013 | Financial News, Financial News, Financial News, Financial News, Financial News, Financial News
Tourism in Spain
On the last months, the news about Spain have changed for the good, as the article “Spain, the 4th most competitive country in the tourism industry” published by the Las Provincias newspaper shows in 7 March 2013.
The biannual report about tourism and competitiveness by the World Economic Forum (WEF) issued on 07 March 2013 explains that Spain has escalated to the 4th position, just behind Switzerland, Germany and Austria, thanks to competitive prices, experience and a real support to the industry in the country. (more…)
by Grupo VAPF | Feb 5, 2013 | Uncategorized
Spain, one of the favourite tourist detination among Expats
Food, weathere and lifestyle, make Spain the third best destination in the world for expatriate
That’s the result of ‘Expat Explorer Survey’, a survey conducted by the British bank HSBC, that places Spain as the third best country in the world to emigrate, and, despite the economic uncertainty that was experienced last year, this study confirms that our country is a good destination to start a new life.
As revealed by the study by the British bank, Spain has a very easy going lifestyle, helped in large part by its excellent climate, a factor highly valued by people who leave their country and especially for those who are retired.
This ranking confirms other information of general interest about Spain as a destination for expatriate. For example, 32% of expatriates in Spain are retirees. By contrast, in other countries included in this ranking, the percentage retired expatriate population that is only 9%.
(more…)
by Grupo VAPF | Jan 25, 2013 | Uncategorized
AVE Madrid – Alicante
Spanish Development Minister Ana Pastor made public last year that AVE high speed train would start servicing Alicante city in late June 2013, but now we know that this milestone will be joined by a discounts on the travel fares.
Discounts of between 30% and 70% in the price of tickets for high-speed trains (AVE) will be offered in function of the train occupation and advanced purchase in a system similar to the one used by airlines.
(more…)
by Grupo VAPF | Dec 2, 2012 | Uncategorized
35 Lirios Villa
Next January, the current 4% VAT on the purchase of a new home will rise to 10%, so if you are thinking of buying a home by the sea at Cumbre del Sol Residential Estates (Costa Blanca North), you still have 30 days to buy and get significant savings.
Setting an example, if we take an average mortgage of € 150.000, the taxation in January would be € 15,000 (10%) instead of 6000 € (4%) that you would pay if you buy before 31 December.
(more…)
by Grupo VAPF | Nov 18, 2012 | Uncategorized
Interest rate swap index in Spain
The Interest Rate Swap (IRS) is an official alternative to the Euribor mortgage reference index published for the first time in October by the Bank of Spain.
This official IRS index at five years published by the Bank of Spain finally opens the market to new financial instruments as a benchmark interest rate on new loans. This index rate is considered more transparent and steady than others like Euribor or IRPH because the IRS reflects the average fluctuation of the interbank interest rates over the past five year, which has been traditionally slightly above Euribor.
(more…)
by Grupo VAPF | Oct 13, 2012 | News
Euribor interest rate decreases
Euribor rate index is the main variable rate mortgages reference, which is calculated based on the internal loan bid prices of the major European banks.
The Euribor -reference for most Spanish mortgages- has fallen to an historic minimum mark to reach 0.677%.
Thus, this mortgage index retakes the downtrend that has been present the past couple of years, falling below the official price of money, set by the European Central Bank (ECB) at 0.75%.
(more…)
