Latest Spanish Property News

Between January and June this year, Spain recorded a 2.2% drop, close to one million, in tourist numbers, as well as a 3.1% decrease in overnight stays, according to the National Institute of Statistics (INE). Fears of excessive heat this summer and protests by locals against the onslaught of holidaymakers seen in recent years may be to blame for this fall in tourists.

Tue, 04/09/2018 - 10:13

According to the National Institute of Statistics' (INE) latest report, sales transactions in the Balearic Islands fell by 27% on an annual basis in May and by 18% in June of this year, despite growth in most other Spanish markets, where demand from foreign buyers increased. Why has there been a downturn in the Balearic market, when the Costa del Sol for example has seen a robust growth of demand?

Fri, 31/08/2018 - 12:15

According to the National Institute of Statistics, sales in Malaga province rose just shy of 5% in the first quarter of 2018, compared to the same quarter in 2017. Both sales transactions and property prices are rising steadily. Property portal Idealista.com even quoted price rises of 12% in Malaga province, based on the portal's own sales data for the first quarter.

Mon, 20/08/2018 - 11:37

If you own real estate in Spain, but are not resident in the country, you are liable to pay non-resident's income tax. You must submit an annual return every year and will be asked to pay an annual tax, if you are using the property as a holiday home.

What you will be taxed will depend on the rateable value of your Spanish property. The amount is usually not very high, as it is based on a taxable amount of 1.1% of the rateable value of your property.

Mon, 30/07/2018 - 09:59

If so, the Spanish tax authorities may have you in their sights. In the past, tax advisors told wealthy investors that the most tax-efficient way of owning Spanish property was to establish an international company. Some international companies were set up as a layer of structures, including trust funds as the ultimate top layer. Several thousand residential properties in Spain are owned in this fashion.

Fri, 20/07/2018 - 10:22