SPANISH bank Bankinter has changed its mind about property prices in Spain this year, saying they will go up by 3% compared to a previous forecast of a 2% fall. It has reported that ‘house prices will rise throughout this year at least in line with estimated inflation in Spain’, although it does not rule out a possible slowdown, In 2023, prices went up 4.2%, compared to the projection that they...

Navigating the complexities of taxes in Spain, including taxes in Spain for residents and non-residents, is essential for anyone looking to optimize their financial obligations. This comprehensive guide delves into the intricacies of the Spanish tax system, offering strategies and tips to maximize tax benefits and minimize excessive taxation. We'll cover everything from filing tax returns in Spain to...

It’s beginning to look a lot like Christmas in Spain as many places have already switched on their festive lights. Some Spanish cities go all out, covering their streets with lots of sparkle and magic. Here are some of the best displays to see during Christmas in Spain. Spain puts on a great show during the festive time of year and many of its cities look especially Christmassy covered in twinkly lights...

What is the IBI Tax in Spain? - Definition: The 'Impuesto sobre Bienes Inmuebles' ('IBI', for short) is a local tax levied by the town hall where your property is located. It is paid once a year (normally due in August through to November) and applies to both resident and non-resident owners. In some parts of Spain it is known as SUMA. IBI Tax - Definition Valor catastral - Definition Why you should...

According to the INE (National Institute of Economy in Spain), holiday rental prices in Spain grew by 11% in the first quarter. This evolution of the holiday rental prices in Spain reflects a higher tension in the market that is in line with the recovery of foreign tourism observed in the last year. The housing supply for holiday rental in Spain is estimated at more than 305,100 units throughout the...

Properties in Malaga - Discover why the luxury real estate market in Malaga is so attractive for high-end buyers in Spain... The first few months of 2023 have proven Malaga's growing dynamism in the luxury real estate market. The city has become an increasingly attractive destination for high-end international buyers, driving solid and promising growth in this market. At Lucas Fox, we have seen a 6%...

This is according to the CEO of Ibercaja, Víctor Iglesias, regarding the rental problem in Spain. The CEO of Ibercaja, Víctor Iglesias, has stated that the rental problem in Spain "must be tackled" by increasing the supply of rental housing available, "rather than reducing or limiting the amount of rent". He considered that the proposal to mobilise 50,000 Sareb homes for rent to families and young people...

Learn how Spain's Luxury Property prices are developing and why you should invest now! Spain's Luxury Property prices are closed with an average of €1,921/m2 in 2022, with a year-on-year increase of 5%, according to the year-end report by idealista, the real estate marketplace in southern Europe. In the same period, the price of luxury homes, i.e. those on the market for over €1 m, ended the year with...

If you are interested in learning how to add a minimalist touch to your home, you're in the right place: take note and put it into practice our minimalist decoration tips. There are many ideas and trends to apply to the world of decoration. Every home should reflect its owner's style and character. Some people like their homes to be extravagant and colourful, while others prefer modern or eclectic, and...

Learn more about the consequences if you rent a property under the table in Spain. The Spanish Tax Authorities are considering penalties of up to 150% of the undeclared amounts for those who commit this offence. The income received from renting a property in Spain is taxed for personal income tax purposes as real estate capital. However, many people rent under the table – without a contract – to avoid...