JAVEA is one of the three municipalities in Spain with the most expensive properties. That’s according to a recent study from leading quantity surveyor’s firm UVE Valoraciones. The report found that a family would need 15.46 years of income, on average, to purchase a home in the coastal town in Alicante in 2022. The calculation is made by dividing the average market value of properties by the average...

The deputy governor of the financial supervisor expresses concern over rising food prices. Even so, there are important facts which provide positive expectations that Spain's economy will recover. Margarita Delgado, deputy governor of the Bank of Spain, believes that Spain's economy will recover and "will regain increasing dynamism" from spring onwards as a result of "a series of factors" after a...

With the start of 2023, many real estate market agents agree that a change of cycle has begun in the market that is linked to the macroeconomic situation caused by the war, inflation and the rising cost of living and financing. In this context, Inviertis, a real estate investment technology platform, predicts that the future of the economy and the Spanish real estate market will be marked by one main...

Where in the world are the wealthy buying homes? Spain has become one of the top choices for high net worth individuals when it comes to buying homes abroad, behind only the United States and the United Kingdom, according to Knight Frank's The Wealth Report. So, where in the world are the wealthy buying homes? We have the details. Spain is closely followed by Australia and France, the other two...

What is happening with Spanish property prices? Is it worth investing in property in Spain? We have the details. No one has a crystal ball to know exactly what the price of housing will do in the coming years, especially when totally unexpected events occur, such as the pandemic caused by COVID-19, or even the war in Ukraine. So, what is happening with Spanish property prices? Are house prices dropping...

On selling property in Spain, you are liable for two taxes: Capital Gains Tax (CGT) Plusvalia tax. The first tax is national and set by the government. The second one, is a devolved competency to municipalities (read town halls). They are free to set the rate within a sliding scale supplied by the government. The government will be moving the goal posts (read adjusting the coefficients) as...

Between January and June 2022, 328,208 home sales and purchases were recorded in Spain, levels not seen since 2008. In fact, the 163,909 sales recorded in the second quarter of this year alone are the second best result since the beginning of 2008, behind only the 164,299 recorded in the first quarter of 2022, according to the Real Estate Registry Statistics of the Association of Property Registrars,...

Spain received a total of 15.6 billion euros in foreign investment during the first half of the year 2022 (between January and June), which represents an increase of 53.4%, with the Community of Madrid being the region that leads in attracting funds from abroad, with 10,9 billion euros invested, 69.8% of the total. We have all the details of how foreign investment is looking to Spain in 2022. This is...

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...

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,...