Selling a Spanish property can be quite an undertaking, and when it's a house in Spain, international elements come into play. In this article, we will delve into the current status of the property market in Spain, discuss strategies for attracting international investors, explore the intricacies of taxes when selling a house in Spain, and conclude by emphasising why this might be an opportune moment to...
Selling property in Spain as a non-resident can be a complex process, but it is important to understand the taxes involved and the steps required to ensure a successful sale. Taxes Non-resident sellers of property in Spain are subject to a number of taxes, including: Non-resident income tax (IRNR): This tax is payable on the capital gain made on the sale of the property. The capital gain is...
Congratulations are in order if you have been successful in locating the Madrid real estate you were looking for. However, keep in mind that the process of purchasing something in another country can be difficult, particularly if you are unfamiliar with the local market or the specific laws of Spain that apply to this area of the country. If you are considering purchasing a home in Spain, it is recommended...
Although Valencia's property prices are less expensive than those in Madrid and Barcelona, they are no longer cheap in terms of the rental market. There isn't much to be had for less than 700 euros, and the rental market fluctuates between an average monthly cost of 800 and 1500 euros. It makes sense that more locals and expats are buying homes given that renting in Valencia City currently costs...
Owning real estate in Marbella provides you with the lucrative option of renting it out throughout the year, not just during peak tourist season. This additional income can help you offset a part of your initial investment while the property sits unused during your absence. Strategic Location Marbella is uniquely positioned within driving distance of spectacular cities like Malaga, Seville, Granada, and...
Are you looking for justifications to buy or sell real estate in Barcelona? The key information you need to be aware of before investing in this market will be covered in this article. After a dip during the worst of the Covid-19 pandemic, Barcelona's property market has recovered to be one of the most booming in Spain. Since 2014, both property values and rental prices in Barcelona have increased...
Why Choose Granada Spain? Located in the heart of southern Spain, Granada offers a plethora of attractions, ranging from historic landmarks like the Alhambra palace—a UNESCO World Heritage site—to the scenic beaches of the Costa Tropical. Not only is the region a year-round tourist magnet, but its real estate market is equally versatile, offering everything from rustic cave houses and villas to modern...
Spain is a popular destination for overseas property buyers, and the trend is only getting stronger. In 2022, there were 88,800 transactions involving international buyers, and the first quarter of 2023 saw a further 23,380. There are a number of reasons for Spain's popularity with international buyers. The country has a warm climate, beautiful beaches, and a relaxed lifestyle. It's also relatively...
According to the European Mortgage Federation (EMF), Spain had the third lowest average interest rate on a mortgage loan in the first quarter of 2023, at 2.67%. Only Portugal and France had lower rates, at 2.63% and 2.5%, respectively. Spain has been below the European average for several quarters. In the third quarter of 2022, the average European interest rate was 3.48%, but Spain's rate was 42% lower,...
The Alicante real estate market has rebounded strongly after the pandemic, with sales reaching a 15-year high in 2022. About 60,000 transactions were concluded, of which the majority were by foreign buyers, mostly from Europe. The focus was on the secondary residential market, with prices rising in both the capital, Alicante, and the tourist areas of the province. The lack of new construction was a...