Valencia remains a top contender on my list of prospective locations. However, I have concerns about the overall cost of ownership, including taxes (10% stamp duty), utilities, internet, and insurance, which is approximately 3,500 to 4,000 euros for an average 80-square-meter apartment. Additionally, if the apartment is not registered as one's primary or permanent residence, an additional tax is imposed for leaving the property vacant/not rent-out. Furthermore, there is a notable risk of illegal occupancy by organized ''ocupas' groups, particularly in cases where properties are unoccupied for extended periods. Two of my friends had faced such situations in Valencia and Xavia. Therefore, it is imperative to have a reliable entity or a friend to periodically oversee the property to clean your post box and check the inside. Overall, the taxes and 'ocupas' risks are what keep me from investing in Spain heavily. I switched to Portugal, though the market situation isn't for the buyers right now.
I would not touch most of Portugal now as it is very expensive. In 2024 I intend doing videos on the very topics you have mentioned. Unfortunately as I have said Spain is more of a lifestyle purchase than investment opportunity.
@@saveandinvestwithgiorgiolo8375 yes, indeed. I’ve just making a market research. I guess it would be great to review for the audience - how to protect the right of ownership form ‘ocupas’ and renters, by establishing an LLC or Autonomos in Spain, for both renting out and investment. By this way, it way work out as an investment opportunity. But Spain isn’t for the real estate investor for sure, as it tax the residents for the not rented property abroad too.
If you are not from an EU/EEA country and you rent out your property you pay 24% rental income tax with no deductions for expenses. Definitely not an investment opportunity!!!
Valencia or Alicante are my 2nd top contenders for retirement, both offer a good quality of life for the money, but traveling a mere 15-30 minutes south or north to smaller communities along the cost offers an even better value for the dollar, and still allows easy access to the same amenities.
Amazing value for money! just wish we liked the city more.. got everything on paper but like lacking something.. thanks for the video! nicely done and showed the good value to be had... would have been nice to see one with a pool tho.. for those looking for life style but understood this is a city video.
@@saveandinvestwithgiorgiolo8375 was last there in 2015 for a research trip & felt it was just Ok. Maybe it’s got better now! Certainly enjoy & get excited by the prices of real estate! That’s for sure. The beaches that are closest to the city looked tired & run down…you have to travel further north or south if you want to find nice beach areas that are well looked after…etc…that empty river does not always look the most appealing it has to be said. It falls in to a second tire Spanish city category for me but with the potential to grow. Which is the most important thing we are looking at here. The home of paella and super good value real estate.. whats not to like but if you are looking for a bigger more diverse city then Madrid and Barcelona win but come with the chubby price tag.
Another informative video on Spain. Thanks! Could you please post a video on estimated ownership costs (property tax %, maintenance fees, insurance costs, etc.) in some of these regions?
Valencia is on my Top 5 retirement destinations - climate, food, arts, entertainment, beaches, airport, trains, decent property value for the money. What's not to love?
These look like great properties (though the historic center is out of my budget, lol)! What do you think of Gandia as a slightly smaller and less expensive option to Valencia?
Millet inmobilaria , Oliva Valencia, is a great property agent.
Valencia remains a top contender on my list of prospective locations. However, I have concerns about the overall cost of ownership, including taxes (10% stamp duty), utilities, internet, and insurance, which is approximately 3,500 to 4,000 euros for an average 80-square-meter apartment. Additionally, if the apartment is not registered as one's primary or permanent residence, an additional tax is imposed for leaving the property vacant/not rent-out. Furthermore, there is a notable risk of illegal occupancy by organized ''ocupas' groups, particularly in cases where properties are unoccupied for extended periods. Two of my friends had faced such situations in Valencia and Xavia. Therefore, it is imperative to have a reliable entity or a friend to periodically oversee the property to clean your post box and check the inside. Overall, the taxes and 'ocupas' risks are what keep me from investing in Spain heavily. I switched to Portugal, though the market situation isn't for the buyers right now.
NO
I would not touch most of Portugal now as it is very expensive. In 2024 I intend doing videos on the very topics you have mentioned. Unfortunately as I have said Spain is more of a lifestyle purchase than investment opportunity.
No what?
@@saveandinvestwithgiorgiolo8375 yes, indeed. I’ve just making a market research.
I guess it would be great to review for the audience - how to protect the right of ownership form ‘ocupas’ and renters, by establishing an LLC or Autonomos in Spain, for both renting out and investment. By this way, it way work out as an investment opportunity. But Spain isn’t for the real estate investor for sure, as it tax the residents for the not rented property abroad too.
If you are not from an EU/EEA country and you rent out your property you pay 24% rental income tax with no deductions for expenses. Definitely not an investment opportunity!!!
Valencia or Alicante are my 2nd top contenders for retirement, both offer a good quality of life for the money, but traveling a mere 15-30 minutes south or north to smaller communities along the cost offers an even better value for the dollar, and still allows easy access to the same amenities.
Alicante and Valencia are my favorite cities in Spain. Both offer very good value for money.
Amazing value for money! just wish we liked the city more.. got everything on paper but like lacking something.. thanks for the video! nicely done and showed the good value to be had... would have been nice to see one with a pool tho.. for those looking for life style but understood this is a city video.
Many thanks for your feedback tomjo. I am surprised you don''t really like Valencia.
@@saveandinvestwithgiorgiolo8375 was last there in 2015 for a research trip & felt it was just Ok.
Maybe it’s got better now! Certainly enjoy & get excited by the prices of real estate! That’s for sure.
The beaches that are closest to the city looked tired & run down…you have to travel further north or south if you want to find nice beach areas that are well looked after…etc…that empty river does not always look the most appealing it has to be said.
It falls in to a second tire Spanish city category for me but with the potential to grow. Which is the most important thing we are looking at here. The home of paella and super good value real estate.. whats not to like but if you are looking for a bigger more diverse city then Madrid and Barcelona win but come with the chubby price tag.
Another informative video on Spain. Thanks! Could you please post a video on estimated ownership costs (property tax %, maintenance fees, insurance costs, etc.) in some of these regions?
Many thanks DreamWork. I do intend doing videos like this in 2024.
A d arguably the best quality of life in the world, awesome destination
Agree 100% kipps. Great destination.
Valencia is on my Top 5 retirement destinations - climate, food, arts, entertainment, beaches, airport, trains, decent property value for the money. What's not to love?
Exactly Mike. What is there not too love.
what about rental income sir.
These look like great properties (though the historic center is out of my budget, lol)! What do you think of Gandia as a slightly smaller and less expensive option to Valencia?
Gnadia is definitely worth considereing. Prices are quite cheap and remember I saw some good size apartments with sea view for under 200,000 Euros