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Ok thanks for that. I may will give him a call. The problem I am having is that it is august so bank managers are on holiday and only the staff that do not speak English seem to be around....

I too am looking at Barcelona. As far as I have been informed the taxes are the same as the rest of the mainland... 4% IVA for new and 7% for second hand. although I do not know whether they are going to lower the second hand property tax as well. It would be good.

Agree that Costa Blanca north is a great destination, Moraira, Altea, Denia etc Beautiful place

What a mess! I feel sorry for all of those investors that now have little or no hope..... Its going to take a long time for that problem to be solved I think

The problem now however is not the price or the "right price". We now have a bigger problem in Spain.... The banks and their reluctant attitude to lending......

Ok I am sure that there are a few cases but during the property boom I am also sure that many accepted cash as part payment to reduce the profit they made on paper...... I have come across agents that actually even recommend it..... This practice is illegal but appears to be the way things are...

Am I right in saying that it is only for new properties though? Or will it be for second hand homes too?