Spain

holiday rental tax in spain

Tax in Spain: learn more about taxes for holiday rentals in Spain

Do you pay tax on a second home in Spain? How much? We have all the details about declaring income for your Spanish holiday rental. Summer is the time of year when we tend to spend the most time in our second homes, whether on the beach or in the mountains. And if you're a foreigner with a holiday home in Spain and you pay tax in Spain as a resident, it is important to know that this type of home is not...

no capital gains tax when selling property in Spain

No capital gains tax when selling property in Spain

The reasons why non-residents don't have to pay capital gains tax when selling property in Spain. In 1999, the Spanish government modified the regulations governing the municipal capital gains tax, the tax paid when selling a property, and since then foreigners not resident in Spain have been exempt from declaring and paying this tax, i.e. the State has freed them from this obligation,...

Spanish Government extends the 2% rental cap a further 3 months

The Spanish rental cap is used by the government to regulate the long term rentals in Spain. As we predicted in our previous article, because of Spain’s high inflation, the government would continue to ‘chain’ (by this we mean renew every 3 months) the 2% inflation Spanish rental cap on long term rentals. Spain’s National Bureau of Statistics (INE) reported inflation hit 8.7% Year-Over-Year...

How to rent out a property in Spain

If you own a property in Spain and want to rent it out, our simple guide will help you along the way so that you know how to rent out a property in Spain as a foreigner. Perhaps you own a Spanish property or holiday but don't get much of a chance to use it. Having an empty house in Spain is a missed opportunity. You have to pay expenses and taxes, even if you don't use it. On the other hand, renting out...

How to get your rental deposit back from a landlord in Spain

What can you do if a landlord refuses to return your deposit in Spain? When renting a property in Spain, in the majority of cases, and as stated in Spain's rental law (LAU), you will be required to pay a deposit to cover possible damages that may arise during the lease. But what happens if the owner refuses to return your deposit in Spain at the end of the contract? We explain how to deal with this...

Foreigners pay record prices to buy property in Spain

Average property prices exceed 2,000 euros/m2, the highest since 2008, while the average price for non-residents is at a record high of 2,480 euros/m2. Foreigners have made a strong comeback in the housing market in Spain and have regained pre-pandemic levels when it comes to both sales and purchases. According to statistics from Spanish notaries, foreigners carried out 63,934 property transactions in...

The demand for second homes in Spain grows by 50% and will continue to grow in 2022

Increases have been observed since mid-February and will continue to rise until December. Easter marks the start of the period of the year in which the highest volume of journeys to holiday destinations or second homes in Spain is recorded. Although cultural tourism destinations such as Madrid, Barcelona or Seville are some of the most sought after by Spaniards to enjoy these dates, the demand for...

Factors boosting luxury housing in Spain, according to the Instituto de Valoraciones

After the impact of the pandemic, the real estate sector in Spain has been recovering positively, with property sales figures higher than pre-pandemic levels. In this recovery, private buyers and investors interested in luxury properties located in large cities such as Madrid or Barcelona, on the islands and in coastal areas have played a major role. In times of crisis and uncertainty, it is to be...

Real estate more attractive than ever: investment in Europe hits record highs

The real estate sector continues to be attractive to investors. So much so that it has reached an unprecedented level in history. According to a report published by the consultancy firm CBRE, the sector attracted record investment in Europe in 2021, reaching a volume of 359 billion euros. The figure is 25% higher than that recorded in 2020 and 8% higher than in 2019, before the pandemic broke out...

The price of housing in the EU rises at the fastest pace since 2007, while in Spain it grows by 4.2%

House prices in the European Union (EU) as a whole rose by 9.1% year-on-year in the third quarter of 2021, their highest increase since the second quarter of 2007, according to data published by Eurostat. The largest increases were recorded in the Czech Republic (22%), Lithuania (18.9%), Estonia (17.3%) and the Netherlands (16.8%). The most moderate increases were observed in Cyprus (2.2%), Italy,...

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