Finance and Property News

The Spanish Supreme Court yesterday decided 15 to 13 in a plenary session of the disputes tribunal that borrowers should pay the tax, as they have done for the last 23 years, reversing a ruling on the 18th October by the same court that banks should pay. So the...

New restrictions on short-term rentals A new bill came into law on Sunday with the aim of controlling short-term rentals in certain parts of the country. It will allow local municipalities to set out ‘containment areas’, in which any person or entity can only rent out...

According to the latest report from the Association of Spanish Land Registrars, foreign demand for property in Spain increased by 11% to 17,338 purchases. The overall Spanish property market increased by 12% with 134,196 recorded sales in the period. Local demand...

More homes in the upper price brackets in the residential housing market in Mallorca are being sold, up 13.8% in 2017 than in the previous year, according to the latest market report. It comes at a time when prices across the Balearics have been rising, up since the...

The latest press releases indicate that prices in Spain have risen by more than 10% in a year for the first time since 2007. 2007 was the start of the crash in prices that continued until 2014 and have only gradually stabilised for the average property, but recently...

The following residential property price indices were updated in Q3 2018 (all figures show latest year-on-year percentage change): The Ministry of Public Works (Fomento) +3.8% in the second quarter, based on official valuations The National Institute of Statistics...

Just bought a property in Spain? These are the taxes and costs to budget for! Purchasing a property abroad opens a treasure trove of promises and dreams! You’ll meet new people, enjoy totally different landscapes, partake of our many festivals and traditions and enjoy...

Limousin, Poitou-Charentes and Provence are the top regions generating buyer enquiries in France. Overall buyers are looking for a wide range of homes, from rural areas to the coast and the Alps, according to research from agents FrenchEntrée but traditional...

If you have money to invest, it can be difficult to know what to do with it. Interest rates are low and leaving large quantities of money in the bank can seem like a waste of investment potential. For many people putting their money into property is a good...

The number of Spanish home sales inscribed in the national Land Registry rose by 18% in July compared to the same month last year, show the latest figures from the National Institute of Statistics (INE). Sales were up in every province bar Las Palmas in the Canaries....