Gecko Towers
Along with the awesome news that Andalucia is scrapping it’s pernicious Wealth Tax, by way of a 100% exemption, there is yet more good news this week. See our piece here Wealth Tax Abolished In Andalucia.
As part of his historic announcement, the President of the Andalucia regional government, Juanma Moreno, also confirmed that the 2022 income tax return for a private individual would be calculated on the basis of an overall reduction of 4.3% for those with earnings of €40,000 or less.
This should put hard earned Euros back in the pockets of many local Andalusian resident tax payers and has to be a good thing for the economy and confronting the increases, experienced Europe-wide, in the costs of electricity and gas.
Indeed there was an initiative this week launched by Francisco Salado, the President of the Costa del Sol tourist board. The campaign has identified that due to rising costs of energy in Britain, Germany and the Netherlands, those who are able to do so should be encouraged to relocate to Malaga – even temporarily – and become so called ‘energy nomads’.
While other parts of the EU have increased costs to keep the home fires burning, the Costa del Sol has the additional asset of a very reliable climate. The suggestion being – and who can argue with this – that such new visitors will be better off spending the winter months in the sun of Malaga province.
The Scanadavian countries have for many years provided the coast with so called “Snowbirds” who live out the cold and dark winter months typical in the countries bordering the Arctic Circle, in Andalucia.
While taking about “Nomads” you will have read before on our blog about “Digital Nomads” see here – Are you ready to become a Costa del Sol Digital Nomad? and New Spanish visa proposals aimed at attracting Digital Economy talent.
We are now awaiting for final plans from the Spanish central government for this entrepreneurial initiative. This should provide a stable landing for those who enjoy the ability to “work anywhere’.
This week saw the confirmation from Malaga’s Mayor, Francisco de la Torre, that he would again run for the post of Mayor. To be honest I have finger’s crossed that he take the poll as he and his team have been instrumental in the much of the development and execution of the growth of the Malaga University Technological Park. How will you benefit from Spain’s “Startup Act”?
S. de La Torre’s office has done an amazing job in terms of attracting to the provincial capital many heavy hitting businesses in the tech and financial sectors who are gradually changing the character of the local economy. They are offering the multi-lingual kids emerging from local schools and Universities the chance of pursuing a career in their favourite back yard as opposed to the need to relocate away from Malaga to achieve their ambitions. This starts to chip away at the reservation of family’s seeking to relocate to Malaga Province due to the lack of career options for their teenagers.
Certainty is a key asset in all things relating to property and Marbella took a step in the direction of closing the ongoing uncertainty surrounding town planning in the Municipality.
It has been announced that on Monday 26th September 2022 at a meeting of Marbella’s town council the eagerly anticipated new draft PGOU (which has been substantially revised and redefined) will be approved and escalated to Andalucia’s regional government in Seville.
Drafted in accordance with new laws focussed on sustainability, the old form of town’s plan, previously known as the PGOU, is now divided in two. The General Municipal Development Plan (PGOM) outlines the overall town planning, while the Urban Development Plan (POU) delivers granular detail of specific plot planning conditions.
It is anticipated following the referral, reporting and review stages, which will take several months, that the PGOM should be initially approved in early 2023 with its anticipated completion and enforcement coming in 2024, following regional elections.
This should bring to an end a more than thirty year hiatus in the clear and detailed planning of Marbella. Planning certainty should result!
Should you be interested in discussing the legal process involved in buying a property in the Marbella region, we would be delighted to assist you. Our multi-disciplinary team of bi-lingual, highly experienced and wholly independent Abogados and Asesores Fiscales are ready to help you.
Please call me, Mark FR Wilkins, during usual business hours on +34 600 343 917 or, if you prefer, or e-mail me at mark@roslegal.es
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