2018 is a good year to invest overseas

Have you considered investing in overseas real estate?

Then 2018 might be a good year to do it.

Overseas real estate can be an exceptional addition to your investment portfolio for various reasons, such as diversity, stability, or simply increased returns.

Certainly, Barcelona is one of the top destinations in 2018, especially after the recent political tension is coming to an end as both sides are interested in peaceful solutions.

Location, access and connectivity, cultural diversity, foreign investments, tourism, climate, food and people’s friendliness are some of the key factors that make this city so attractive.

But let’s analyze some of the major points that you should consider when investing in overseas real estate.



If you have all of your money invested in your country, it is inevitable that all of your investments will go down in case of a crisis.

It is therefore advisable, to distribute some of your savings into different “baskets”, and overseas real estate should be at the top of your list.

The strongest aspect of investing in overseas real estate is, indeed, the word overseas: by making an investment abroad you are protecting your money from any instabilities or mishaps that may happen in your country of residence.

This is the nature of any economic and business cycle around the world.

There is another great aspect of investing in overseas real estate. While stocks and bonds are still good ways to get good returns, they carry with them an inherent risk that a real estate investment doesn´t have.

There are for sure many valid reasons behind the common sentence “The value of real estate will never reach 0”.

Real estate is a great investment because it is an investment in a hard asset: hard assets are much more resistant to market fluctuations and they have an inalienable value that will never go away.


Good Returns

Finally, owning overseas real estate is a good move financially. The gains you make from an investment in stocks are basically limited to capital appreciation and dividends.

But think about the gains you can make with overseas real estate. You will certainly see capital appreciation, especially if you buy into a growing market, such as Nicaragua, or, in Europe, Spain and Portugal.

Surely you can make more money with your property overseas by renting it. A rental income on an overseas property is an excellent way to make extra money. And in some cases, the money you would earn in a rental income could be more than the money you would earn from dividends of an equivalent investment.



More than a financial expedient, overseas real estate investments provide a sort of personal stability: a place you can go to if ever the need should come up.

In many cases, purchasing real estate in a foreign country can be the first step to obtaining residency and passport. This is true in Spain, where more and more Chinese and Russians (among others) are buying properties in order to obtain their residency and a valid permit to live and work in the Schengen area.


Contact us for more info and a personal assessment!




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Buy a home in Spain and pay in bitcoins

Buy a house in bitcoins, the most popular cryptocurrency and whose value has increased above 14,000 euros, it is possible as long as certain steps are followed and the purchase is recorded in euros. The question, for the moment, is whether it makes sense to get rid of an asset that has appreciated more than 1,000% and could still maintain its exponential path.

It is not yet a common currency in Spain, but idealistic ads are starting to appear in houses where part of the purchase can be done in bitcoins. The purchase through this payment instrument is totally legal, but must go through several intermediate steps, such as its translation into euros, and is subject by the Tax Agency to prevent money laundering.

The simplest process is to agree with the seller and set the exchange rate of bitcoins and euros. The exchange of bitcoins would be carried out before the public deed at the notary and in the deed would appear the price in euros agreed for the sale. The transaction is nothing more than an ordinary purchase, with only one previous step: the buyer has made the change from bitcoin to euros. The only exception is that the buyer who delivers bitcoins will have to pay for the capital gain that has been reported by the divestment in bitcoin and that, obviously, must prove the legitimate origin of the money.

The only one who would assume a certain risk when accepting bitcoins would be the seller, especially if the bitcoin, a clearly volatile value, depreciates from the moment of the transaction. If you obtain benefits you will have to pay taxes for the capital gain that has been reported to you.

The purchase with cryptocurrencies could be seen as a swap, the exchange of two goods, in which bitcoin would be no more than an instrument of value. However, as it is not reliable money issued by a central bank, notarial writing and management can not be done in bitcoin, but in euros. The notary can establish that the payment has been made in part or in full in bitcoin, although he should inform the Tax Agency if he suspects that bitcoins have illicit origin or not proven enough.

What differentiates a transaction with bitcoin from one to euros is that the receiver of the payment by cryptocurrencies will have to declare and pay taxes for the profits derived from the appreciation of the bitcoin when it diverts, something that in the case of a payment in euros does not happen , since it was not appreciated or devaluated in front of anything.

In cases of purchase with bitcoin, the cryptocurrency can be used basically as if it were cash, since it is totally anonymous. Among individuals, for example, there is no limit on the amount that can be contributed in cash, which could apply in the case of bitcoins. The Treasury, for its part, controls the illicit origin of cryptocurrencies and if they are used to launder capital, while working in a common framework that controls these payment instruments.

The sale of a house is taxed with the ITPAJD, if it is a used house, or with the VAT, if it is a new house. However, the tax base of these taxes is, in the first case, the real value of the property, and in the second, the total amount of the consideration. Even if the transaction is paid with euros or with bictoins, it does not affect the taxation of the sale on these two taxes.

Another thing is the alteration of the patrimony that becomes evident with the purchase of the house (before it had bitcoins and now a house).

What is clear is that until the bitcoin price stabilizes and investors begin to try to liquidate their holdings through brick investments, it will not be clear to what extent the status, taxation and framework can be clearly defined. legal that affects the bitcoin as a means of payment.



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5 tips to help you sell your home faster

For all of you who might be interested in selling a home fast, here is a list of 5 points that we believe are crucial in this process.

Most probably, you don’t have time to spend researching the current housing market and thinking  how it’ll affect your home sale.

Of course, we can’t guarantee a quick sale, but adopting these simple tips definitely won’t hurt your chances of securing a buyer.


It may look obvious, but it’s very important to start cleaning, especially before taking any photo. This basically means clean from top to bottom in every room of the house, wipe down cabinets and drawers, remove any scuffs from the walls, give all kitchen appliances a once-over, clean air vents and your carpets, and then sweep, vacuum, or mop every corner of the house.


First impressions are very important and need to be done right. It may feel like hiring a professional is a waste of money and simply use your smartphone camera. But a professional photographer has all the tools to capture the right lighting and make everything look brighter. Moreover, with a wide-angle lense, the entire room will fit in the photo.


The extra mile beyond cleaning is considering having your house staged, a way of decorating it so it’s more attractive to buyers. Staging typically takes from a few days to a couple of weeks, depending on the availability of rental furniture, the movers, and the installers.


Once everything is set up, get ready to be flexible and spend a lot of time away from your home so buyers and real estate agents can view the property comfortably— without you or your pets wandering around the halls.


Staging and marketing your home are important components, but at the end of the day, the amount of money you’re asking buyers to pay could be what makes the deal happen. To this regard, it is also very important to consult a professional real estate agency that  will help you decide on the right price for your home by looking at a variety of factors, such as your house’s age, any updates, square footage, and district.


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Property sales and prices in Spain are expected to keep growing in 2018

The forecast for 2018 is that property sales and prices in Spain will continue to rise, as long as there are no sudden economic surprises or changes to the mortgage market.

One of Spain’s biggest real estate providers, Anticipa, expects sales to rise 9.3% next year to 526,000 units.

Over the fourth quarter of 2017, prices for resales and new builds are expected to continue to increase by 5.8%, said the firm in its latest real estate market report, allthough this was compiled before Catalonia declared independence and the national Government took over the administration of the region.

Mark Stucklin of Spanish Property Insight, pointed out that the company’s forecast for 2018 is 85% higher than the nadir of 2013, when only 285,000 homes were sold in Spain. Nevertheless, the report shows that the market is still 42% below its peak of over 900,000 sales back in 2006, before the crisis.

Forecasts could be affected by what will happen in Catalonia with the bid for independency from Spain. The region is considered as the wealthiest in Spain and its capital Barcelona has seen some of the highest property price rises this year.

In fact, with the Madrid Government controlling now the regional government and before the elections on 21st of December there is now a state of wait and see.

Here at Next Door, we believe that the political situation in between Spain and Catalonia is not going to worsen and the property sale for 2018 is set to increase steadily, also supported by the country’s economic growth.


Also check our article:

Market’s indifference to Catalonia-Spain debate: https://wordpress.com/post/nextdoorbcn.wordpress.com/76


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The sale of homes by foreigners grows 13.4%, to more than 50,000 operations

According to data from the General Council of Notaries, the operations carried out in that period, compared to 20.3% in the first half of 2016, although it has been increasing since 2007, coinciding with the start of the economic crisis.

Differentiating between resident and non-resident foreigners, 46.6% of the purchases were made by non-resident foreigners, which increased by 5.1% while resident foreign operations accounted for 53.4% the highest proportion since 2011. These grew by 21.8%.

All autonomous communities showed progress in the number of housing transactions by foreigners and only five of them registered increases below the national average (+13.4%): Balearic Islands (+10.1%) and Comunidad Valenciana (+12%).

In the first half of 2017, the sale of foreigners was concentrated in almost all the Mediterranean coast and archipelagos, with the Autonomous Communities with the greatest weight of free housing transactions carried out by foreigners Andalusia (19,4%), Murcia (26,9%), Comunidad Valenciana (35,5%), Baleares (37,7%) and Canarias (42,3%).


Ático en venta en Sants-Montjuïc


Prices rise by 2,9%

The average price per square meter of transactions carried out by foreign buyers stood at 1.667€, which represents an increase of 2,9% year-on-year. Specifically, the price paid by non-resident foreigners increased by 4,5% to 1.941 €/m², while the price of homes purchased by foreign residents increased by 2,8%, until 1.405€.

The average prices increase 5,1% in the national operations the first quarter, 2,8% of resident foreigners and 4,5% of non-resident foreigners, and in all three cases, there was an acceleration in the increase in relation to the second semester of 2016.

**This is a translation by Next door from the original posted in EL MUNDO in Spanish**


The Catalan conflict does not stop the sale of luxury homes


Duplex for sale located in the Sant Marti


Housing demand continues to rise, according to the latest real estate market report published by luxury real estate agency Lucas Fox. During the three quarters of 2017 compared to the same period of 2016. they recorded an increase in the sales number 50% on average in all regions where it is present.

Valencia and Sitges top of the list with an increase of more than 100% in sales during the first nine months of 2017. Madrid and Barcelona also continue in the Top 5 with an increase of 70% and 38%, respectively.

On the other hand, according to data from the same report, during these first nine months of the year, 65% Lucas Fox’s buyers have been foreigners. British and French are still the most active, accounting for 18% of transactions. US and Canadian investors have followed an upward trend and now account for 8% of the company’s total sales.

The latest data from the Association of Spanish Registrars also point to an increase in the demand for Spanish properties by foreigners. There represented 11.6% of the total real estate sales made in Spain during the third quarter of the year and have continued to grow until they currently stand at 12.9%. In addition, the main motivation for buying during this period was the acquisition of properties as a second home (31%), followed by investment (30%), and acquisition as a main home (26%). The remaining 13% corresponds to purchases to acquire the Golden Visa, among other reasons.


**This is a translated version by Next Door, the original article was posted on El Mundo **

Golden Visa: Spanish for the grace of the brick

This year more than 2,000 foreigners will become Spanish residents almost at the same time they sign their property purchase contract. With a minimum of half a million euros in residential investments, a non-EU citizen can obtain a Spanish passport: a great advantage for those who want to live in the sun or transit through the European Union freely.
Since 2013, Spain has in force the so-called “golden visa program”, a procedure that grants a quick residency for non-EU people with a special talent or who invest a minimum of 500,000 euros in the real estate sector. According to data from the State Secretariat of Commerce, in 2016, 2,236 people have benefited from this visa program, with 2,157 million euros in investment, three times the money invested in the first year of the program.
Chinese and Russian citizens are the main applicants to this fast track towards Spanish residence, which over time can be translated into the granting of Spanish citizenship. In the Chinese case, this type of dual nationality has served in the past for the exit of the so-called “hot money”, capital that the wealthiest Chinese take out of the country to avoid controls in operations such as gambling in casinos and reduce risks.
The good reception that the “golden visa” program has had, is leading real estate and legal advisory companies to offer information services for those who want to bring their money to Spain, buy a home and at the same time apply for Spanish residence.
The Spanish real estate sector shows clear signs of recovery, the Spanish residential sector is particularly attractive for young families and retirees from non-EU countries, as they can easily access Spanish schools, universities and the health system.
Investors who want to open their way to becoming Spaniards by the grace of the brick now benefit, in addition, from a rising real estate market, which also allows easy rental of property in tourist areas, which lowers the financial threshold for those who want to make the leap.
*This is a translation from the original IDEALISTA in Spanish by Next Door Bcn*