Spain

SPAIN The ever popular destination for people from all over the world it remains the No1 choice for homes abroad among Britons. Spain has been a member of the EU since 1986. Apart from the obvious attractions of good weather and relaxed lifestyle, for retirees, there is a financial incentive to relocating to Spain.

For tax purposes, if you live in Spain for more than 183 days per year, you are classed as a resident. If you are over 65 and have been a resident in the property for 3 years, no capital gains tax is payable, making Spain a highly desirable location for retirement.

The availability of cheap air travel and the favourable climate means that Spain is a popular year-round destination for visitors. This means that there is a steady demand for accommodation, visible in the rising occupancy rates (which in 2006 are 64.7%) and great rental returns. Investors can make good, solid returns from holiday-makers all year round. If there is an added attraction, for example a golf course nearby or sea views, the rental yield will rise further. Whether looking to invest in a rental property or to live Spain is an excellent choice!

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