government
November 4th, 2009
The Costa Blanca has been a destination for holiday makers and buyers of second homes since the late 1950's, in fact it's name was fabricated by the tourism industry to promote the industries, then new, package holidays to Spain. This included the, at the time, relatively unknown towns of Benidorm ...
Continue reading Costa Blanca … 50 years of tourism
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
November 30th, 2009
While not specifically Spanish related, many feel that this story is reflected worldwide and that banks are just looking to protect themselves and their shareholders and not helping normal mortgage payers as promised, even after seeking huge financial injections from world governments. The story stems from new evidence to suggest that ...
Continue reading Banks Relucatant to Refinance Mortgages with Public Money
November 30th, 2009
In more mortgage related news, the Euribor has closed the month of November with its ninth straight record low at 1.23%, meaning an average saving of 240 euros per month or 2880 per year compared to one year ago, this data is based on an average mortgage of € 150,000 ...
Continue reading 240 Euro per Month Saving on an Average Spanish Mortgage
December 15th, 2009
Prices rose a half point in November and confirm the emergence of signs of recovery after eight consecutive months of decline that has placed Spain in a period of recession. This finding was confirmed by the National Statistics Institute (INE) and gives the cumulative inflation from January at 0.8% and ...
Continue reading Real Signs of Recovery from Recession in Spain
December 21st, 2009
About 400,000 workers in Spain on permanent contracts will have access to intermittent unemployment benefits without having to have contributed at least six months social security, in an amendment to made to the Employment Act tomorrow that will reduce the minimum contributions to just 4 months. However, there is great concern ...
Continue reading Unemployment Benefit to be paid after only 4 Months work
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 ...
Continue reading Marriage Break-ups Increasing in Spain
December 22nd, 2009
The government aims to banish the current rules which state that workers are exempt from the obligation to contribute to Social Security if the duration of their work is less than 72 hours per month. With the new rules, employers and employees are required to declare "from the first hour ...
Continue reading Part time workers to pay Social Security
December 23rd, 2009
The electricity tariff set by the government and currently applied to 22.7 million homes and small businesses will rise from the 1st of January by 2.64%, as reported today by the Deputy Prime Minister, Maria Teresa Fernandez de la Vega. In a statement, the Ministry of Industry has suggested that the ...
Continue reading Spanish Electricity Prices to Rise by 2.6% in 2010
December 23rd, 2009
According to data from the National Association of Motor Vehicle Sellers (GANVAM), 190 million euros is lost every year due to the abandonment of vehicles at garages in Spain. In the last year alone, 75,000 cars were left unclaimed at repair centers by their owners. 90% of abandoned vehicles are priced ...
Continue reading Relief for Spanish Garages Over Unclaimed Vehicles
