Latest Spanish Property News

In the first quarter of 2018, according to data published by the Ministry of Development and National Statistics Institute, Spain saw 134,705 house sales completed, an annual increase of 7.97%, compared to the same quarter a year earlier. Of these, 16.67% were sales to international buyers. This part of the market segment experienced a downturn of 0.44%. One reason for this slight downturn was due to the fact that Pound Sterling has been underperforming against the euro.

Thu, 19/07/2018 - 09:00

Year-on-year, according to the Spanish Statistical Office, the number of mortgage approvals soared by 34% this April, with the average mortgage value rising by 9.1% to 123,256 euros. The capital loaned by Spanish lenders amounted to 3.54 billion euros, a 46.5% increase on the same month a year earlier.

Wed, 18/07/2018 - 09:00

The beginning of 2018 saw fresh changes to the way in which buy-to-let landlords are being taxed in Spain. Not paying your taxes is no longer an option - you could be facing huge fines, when the Spanish Tax Office (AEAT) finds out you are letting your property, whether you are resident or a non-resident landlord, and fail to report your rental income. A tax advisor or accountant will be able to tell you, just how much you can save in tax with the latest changes in taxation rules. Broadly speaking, the changes are these:

Thu, 12/07/2018 - 09:00

Record numbers of tourists, declining unemployment, more than 3% GDP and similar forecasts for 2018, plus improved international credit rating all contributed to an upsurge of the country's housing market, especially for Costa del Sol property. Property portal Panorama.es predicted a "golden age" for Spain's property market, this time "without excesses, until at least 2022".

Thu, 05/07/2018 - 09:00

According to the National Statistics Institute, INE, Torremolinos saw the highest increase in tourist numbers this spring recorded in the last decade. In May 2018, Torremolinos became the most popular tourist destination at the Costa del Sol. The survey revealed that the city saw an 11.12% increase in visitors in May, compared to the same month in 2017. Overnight hotel stays rose by 7.8% at the same time, the highest rise Torremolinos has experienced in the last ten years, according to INE's hotel occupancy survey.

Mon, 02/07/2018 - 09:00