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November 27th, 2009

The Ministry of Finance has estimated that more than half of all residential leases in Spain not declared to the relevant tax authorities. This has been stated just over a month since income tax rent relief for landlords was raised from 50 to 60%. Specifically, they estimate that there are ...

Continue reading Massive Tax Evasion on Rental Properties in Spain

December 21st, 2009

According to a report by the Spanish Institute for Family Policy, every day there are 333 broken marriages in Spai , making the total number of break-ups for the first nine months of this year 89,883 . This total includes 83,616 divorces, 6,145 separations and 122 annulments, the full total ...

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December 21st, 2009

The nine Spanish provinces of La Rioja, Navarra, Burgos, León, Palencia, Soria, Huesca, Zaragoza and Teruel are on alert for the "high risk" of snow, according to the State Meteorological Agency (AEMET). However, the AEMET announced that the heavy snowfalls that have occurred recently will soon give way to rain ...

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December 28th, 2009

Nearly one million Spanish are now older than eighty-five years, representing some 2.1% of the population, according to the latest municipal census released today by the National Statistics Institute (INE). In total there are 46,661,950 people in Spain, of whom 989,047 are aged 85 or over - 679,699 women and

Continue reading Spain’s Ageing Population

December 29th, 2009

FC Barcelona will start a tour tomorrow in their "Bus of Champions", which will travel to 110 communities of Catalonia and southern France to show off the six trophies they have won this year. The idea is to allow all fans to be photographed with the six cups (Liga, Copa del ...

Continue reading 110 Years of FC Barcelona

January 4th, 2010

The price of newly constructed properties in Spain was down 5.7% on average during 2009, according to a report by the Appraisal Society. The Community of Madrid, had the highest depreciation of 7.7%, followed by Catalonia (6.3%) and Valencia (5.5%). The lowest drops were seen in Asturias, with a fall ...

Continue reading 2010 – a Transitional Year For New Property in Spain

January 7th, 2010

The bad weather is continuing in Spain with a total of eleven autonomous regions now on orange alert (significant risk) for snowfall and freezing temperatures, as predicted by the State Meteorological Agency (AEMET). In particular, Aragon, Cantabria, Castilla-La Mancha, Catalonia, Madrid, Navarra, Valencia, Galicia,

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January 8th, 2010

45% of Spanish households had internet access with broadband speeds at the end of 2008, a figure which is close to the average percentage in the EU of 48%. Within Spain, the Community of Madrid has the highest penetration of 58 %, this is according to more Eurostat figures

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January 16th, 2010

The average rental price of a home rose 1.8% last year, representing a one percent jump above the General Index of Consumer prices (CPI), which finished 2009 at 0.8%, according to the National Statistics Institute (INE). This increase contrasts with the sustained fall in selling prices

Continue reading Spanish Property Rental Price Boost

January 21st, 2010

For 2010, the Government has agreed with banks that have signed cooperative agreements with the Ministry of Housing, an amount of 5,314 million euros to fund the National Housing and Rehabilitation Plan. According to a provision issued today, the overall ceiling

Continue reading National Housing and Rehabilitation Plan