The Ultimate Homes Blog

With so much movement in the currency market of late we have invited Keith Spitalnick of HIFX to provide us with a (mid-week) weekly market commentary so without further ado, their commentary: GBP/EUR Range of the week - 1.2708 - 1.2878 Variance on £10k - €170 Sterling /Euro reached 1.2878 on Monday, a rate of exchange not traded since October 2008 – clearly a great time to be buying Euros!! In Europe this week we continued to see more of the same, looming bankruptcy for Spanish Provinces, dangerously high borrowing costs, and fears of further contagion. A number of the larger Spanish provinces have now made it clear that they will need emergency funding from the Spanish Government as their income has plummeted, and unemployment costs have soared. A clear indicator that the overall health of the Spanish economy – right down to grassroots level – is weak. This issue is now becoming more common across southern Europe, and the rate the markets are charging ...

Via our collaboration with banks, we are able to offer some great opportunities to own property at a fraction of the price that they previously commanded. Last week we (Steve and I) visited this property which is located in one of the most desirable residential areas of Benidorm, close to the theme parks of Mundomar and Aqualandia. Take a look at the photos and if you are seriously interested we can arrange viewings at short notice so contact us  now  or telephone +34 966 112 773. Oh and the price: 170.700 This is a three bedroom semi-detached property in an established development featuring 21 properties in total and with access to a communal swimming pool. The area and street is one of the nicest residential streets in Benidorm where similar properties were changing hand for in excess of 500.000 Euros a few years ago, it is  relatively flat and within easy walking distance of local amenities. In fact the beach is only one kilometer so very convenient ...

The Rajoy government yesterday announced an increase in IVA (VAT) so here is a look at what is means to us all (courtesy of the Typically Spanish website):- The 4% rate – to be kept at 4% This is applied to items considered to be of basic need. It includes basic bread, frozen dough, eggs, cheese, milk, beans and fruit and vegetables. Books, magazines and newspapers. School material with the exception of electronic items. Medicines for human use. Vehicles for the disabled, wheel chairs and collective transport for the disabled. Prosthesis and implants. Official protection housing. The 8% rate – to increase to 10% Foodstuffs in general, with the exception of those in the 4% band, soft drinks. Animals destined for human consumption or breeding. Items used in agricultural, farming and forestry activities, such as seeds and fertilisers. Contact lenses and glasses.   Disabled lifts and items for the diagnosis of illnesses. Health assistance services, social services, and dental work. I...