Comprehensive renovations that increase value in income tax on the sale of your home When selling a home, comprehensive renovations can be a smart strategy to optimize capital gains and reduce income tax payments. However, not all renovation works are viewed the same by the tax authorities, and it is essential to understand which improvements are recognized for tax benefits. The General Directorate...
Annual Rent Update in Residential Lease Agreements. Dear owners and tenants of Dust and Sand Luxury Homes in Sitges, Starting January 1, 2024, significant adjustments will be implemented in the annual update of residential lease agreements governed by the national-level Urban Leases Law (LAU). These modifications, established by the final sixth provision of the Housing Law, extend the extraordinary...
In the universe of Dust and Sand Luxury Homes, discretion is not merely a marketing strategy; it is a meticulously cultivated art that defines our brand and the service we offer to our high-standing clients. In an industry where privacy and confidentiality are as cherished as the properties themselves, discreet marketing emerges as an essential tool to ensure smooth and seamless real estate...
The luxury real estate market in Sitges, Barcelona, has witnessed a remarkable phenomenon in 2023: the increasing investment by Americans looking to acquire properties in this beautiful coastal town. During the first half of the year, American home purchases in Spain experienced a significant increase of 13.6% compared to the previous year, reaching a total of 1,339 transactions. This...
The first half of 2023 witnessed an intriguing phenomenon in the Spanish real estate market: foreign home acquisitions accounted for 21.4% of the total transactions, despite a 7.5% decline compared to the same period the previous year. What truly stands out in this scenario is the average price that foreigners are willing to pay, with a rate of 2,095 euros per square meter. This figure marks the highest...
The Golden Visa, a migration program that grants non-residents the possibility to obtain permanent residency or even citizenship in exchange for a significant investment in the destination country's economy, has gained increasing interest in the world of luxury investments and real estate. In Spain, this program offers an attractive opportunity for foreign investors seeking residency in a country with a...
In this interview by Adaia Matas for Dust and Sand Luxury Homes, Dani Gracia shares his insights into his career, large-scale projects, sustainability, and the impact of the construction industry in Sitges. Discover Dani Gracia's most challenging project, the intricacies of urban project planning, the builder's contribution to the La Palma volcano, the impact that Covid and the Ukraine war have had on...
Spain's luxury real estate market is currently experiencing a high point, partially thanks to the influx of younger generations. In fact, millennials, those born between 1981 and 1995, now account for 25% of all transactions involving luxury homes priced at over three million euros, according to the First Luxury Housing Market Report in Spain by Hiscox, an insurance company specializing in solutions for...
The Boom in Luxury Home Inheritances in Spain: Record-Breaking Numbers! Amidst a slowing real estate market, inherited homes are experiencing an unprecedented boom in Spain. Despite a decrease in property sales and mortgage signings attributed to rising interest rates and economic uncertainty, inherited properties are reaching historic levels. According to the latest data from the National Institute...
The Camí de Miralpeix: Catalonia's Oasis of Luxury Imagine for a moment living in a modern mansion, away from the hustle and bustle of the city, with breathtaking views, close to the sea, and where peace reigns in every corner. This vision of an idyllic location comes true in the Garraf region of Catalonia, specifically on the Camí de Miralpeix, which holds the title of "the most expensive street in...