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News
Pag 1/2 - Total 12 NewsExperts predict further growth in property prices in Spain
Spain Property market According to a report by Solvia, cited by Idealista, in 2025 the cost of housing in Spain will continue to grow, outpacing the growth in sales volumes. Average property prices are expected to grow by 4-5%, driven by high demand and limited supply. The most pronounced pressure on the cost per square metre is felt...
What happened on the Iberian Peninsula? Power is gradually being restored after a historic outage.
On April 28, millions of people in Spain and Portugal were left without power since midday in the worst power outage in the modern history of the Iberian Peninsula. The worst-hit cities are Madrid, Barcelona, Lisbon and Porto. Although both governments say power is gradually being restored, the cause of the outage remains unknown. The...
The price of homes purchased by foreigners in Spain has reached a new high, according to the latest data from notaries.
The price of homes purchased by foreigners in Spain has reached a new high, according to the latest data from notaries. In the second half of the year, the average price was €2,362 per square meter, 8.6% more than in the same period in 2023. This figure was the highest in the entire historical record. The main contributor to the record was...
The 2024 tax filing campaign kicked off on April 2, 2025. Here are some important dates to keep in mind:
• April 2, 2025 through June 30, 2025 — the deadline to file your 2024 tax return online. • May 6, 2025 through June 30, 2025 — during this period, the IRS can help you file your return over the phone. You must make an appointment in advance: appointments will be open from April 29 through June 27. • June 2, 2025...
Spain Ends 'Golden Visas' After 12 Years
Between 2013 and 2025, nearly 16,000 visas will have been granted to non-EU foreign citizens, barely 0.3% of the residential market transacted. On April 3, the amendment to Law 14/2013, of September 27, on support for entrepreneurs and their internationalization, came into force. This law eliminates investment visas, better known as...
"Housing is the main bottleneck for Spain's economic growth"
European Central Bank (ECB) Vice President Luis de Guindos called the housing issue a "bottleneck" for sustainable economic growth in Spain. He explained this by the sharp increase in demand compared to supply. However, unlike the crisis that erupted in the late 2000s (the so-called mortgage boom), the current financial system is in...
The Tax Authority proposes to exempt low-income families from income tax when receiving housing subsidies
The Tax Authority has submitted a non-legislative proposal to the Spanish Congress of Deputies asking for an exemption from personal income tax (IRPF) for low-income families who receive state housing subsidies. These measures concern the improvement of living conditions, safety, preservation of buildings, accessibility and the installation of...
Mortgage lending soars
New mortgages increased by 23.8% in January compared to the same period last year, reaching 28,127 transactions, marking the tenth consecutive period of growth. 16 autonomous communities saw an increase in home mortgages, while Navarre recorded a 10.1% decrease. Andalusia and Madrid led the way in terms of the number of mortgages issued, with...