Over 30% increase in property transactions by foreigners in Spain
Wed, 22 Mar 2023 07:43:38
According to the latest provisional data from the Ministry of Transport, Mobility and Urban Agenda (Mitma), real estate transactions involving foreign buyers increased at a greater rate than those carried out by Spaniards, reaching a total of 134,592 (a rise of 30.6%) by the end of 2022.
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'Most important' companies in every Spanish province revealed
Tue, 21 Feb 2023 09:56:31
WHICH company is seen as the biggest, most significant, most lucrative, and best-known in each province in Spain? And do these correspond with the ones that report the highest earnings? Recent research sought to identify the corporations that are considered to be the most representative of their geographical area.
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Rocketing Euribor rates – and how to get help - explained
Mon, 20 Feb 2023 09:09:12
AFTER more than six years with the Eurozone interest rate, or Euribor, in negative figures, mortgage repayments have now risen at unprecedented speed and within one calendar year, leading to first-time buyers or those originally seeking to upgrade their homes having a major rethink.
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Property market 2022 round-up: Best results in 15 years
Sun, 19 Feb 2023 21:36:57
ESTATE agencies have enjoyed their biggest boom in half a generation with home sales soaring in 2022, according to the National Statistics Institute (INE).
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Goya Awards 2023: The best of Spain's silver screen
Mon, 13 Feb 2023 17:16:30
AT LEAST as prestigious and famous as the Oscars within Spain, and almost as much so outside the country, the Goya Awards are on a par with the BAFTAs, a scaled-down Golden Globe, and equally as coveted as the trophies and statuettes presented at the world's major film festivals – Cannes, Venice, San Sebastián, and similar household names in the cinema industry.
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Spain triumphs in the ranking of the best cities to live and work in 2023
Wed, 08 Feb 2023 13:18:10
Just two months after Valencia was voted by Forbes Magazine the best city in the world to live in (https://www.thinkspain.com/news-spain/33510/valencia-is-the-world-s-most-liveable-city-here-s-why), two other Spanish cities have triumphed in another report published this week.
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Spain population hits all-time high
Tue, 31 Jan 2023 09:11:48
Spain is now home to more inhabitants than ever before. Census data published this week by the National Institute of Statistics (INE), puts the number of people registered as resident in Spain on January 1st 2022 at 47,475,420, a historical high, and 90,313 more inhabitants compared to the previous year (a 0.19% increase).
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The big freeze – unusually low temperatures across much of Spain
Mon, 30 Jan 2023 19:38:35
Forecast lows of -9ºC mean that 13 Spanish regions in central and northern Spain are still on yellow alert for icy conditions according to the state meteorological agency, AEMET.
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Government to ban regional authorities from excluding newly-registered citizens from essential social services.
Mon, 23 Jan 2023 07:58:30
The Council of Ministers has approved the preliminary draft of a new law on social services, leaving overall power, as it is now, in the hands of the autonomous communities, but establishing a common framework of minimum services with which all regional authorities will have to comply. Within this framework, services deemed to be essential will have to be provided to all citizens, regardless of how long they have been registered in a particular area.
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Joy in the ski resorts as the first major snowfalls of the season arrive
Mon, 16 Jan 2023 19:17:44
The first big snowfalls of the season started falling in the early hours of Monday morning and have brought smiles to the faces of skiers, snowboarders and ski resort staff alike.
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'Rolling Stone' ranking: Who are Spain's 'greatest singers of all time'?
Thu, 05 Jan 2023 16:48:32
TWO Spanish singers have made it into Rolling Stone magazine's 200 'greatest of all time' ranking – both of them women, but only one of them still living.
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Value-added tax reduced on staple groceries
Wed, 04 Jan 2023 22:27:43
CUTTING value-added tax on basic foodstuffs has already borne fruit for households in Spain, and the move will continue for at least the first six months of 2023, the national government confirms.
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Cash for companies which cut working hours for same wages
Wed, 04 Jan 2023 20:17:16
SMALL and medium-sized businesses will get up to €150,000 if they reduce staff's working hours by at least 10% without cutting their salaries, as long as they keep the new system in place for a minimum of two years.
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Best-ranked Roscón de Reyes and cava: Consumer group gives its verdict
Tue, 03 Jan 2023 13:19:03
EVEN though the festive season is now over for most of the world, the great news for anyone spending the holidays in Spain is that the country makes use of the full 12 days of Christmas – presents are given on the night of January 5 when the Magi parade through towns, or the Three Kings, as they are known uniquely here, and the following day is a public holiday.
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Spain's 'chime babies': First newborns of 2023
Mon, 02 Jan 2023 21:04:15
THE first baby to be born in Spain in 2023 is Iratxe, who came into the world exactly on the stroke of midnight at Madrid's Gregorio Marañón hospital weighing 3.72 kilos (8lb 3.2oz).
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Pound Euro exchange rate spikes to three-month high amid European banking crisis
Sun, 19 Mar 2023 09:05:48 +0000
The Pound Euro exchange rate rallied this week, the pairing even briefly striking a new three-month high, as the Euro was rocked by European bank share rout. Euro plunges amid European banking selloff The Pound Euro exchange rate raced higher this week amid the emergence of a crisis in the European banking sector. Shares in […] The post Pound Euro exchange rate spikes to three-month high amid European banking crisis appeared first on Spanish Property Insight .
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Amid calls for a ‘Balearic exception” to EU rules so foreign buyers can be excluded, how exceptional is the Balearic housing market?
Sun, 19 Mar 2023 09:04:59 +0000
The Balearic government says it needs an exception to EU rules allowing it to exclude foreigners from the market, whom it blames for driving up housing costs. So how exceptional is the housing market in the Balearics? The Balearic government, or Govern in local parlance, says the region is suffering a housing crisis caused by […] The post Amid calls for a ‘Balearic exception” to EU rules so foreign buyers can be excluded, how exceptional is the Balearic housing market? appeared first on Spanish Property Insight .
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When it makes sense to rent before you buy Spanish property
Sun, 19 Mar 2023 07:08:29 +0000
Should you buy Spanish property outright or is it better to rent a home before you take the plunge? In this article, we look at when renting before you buy is a good idea. Buying property anywhere is a significant investment and often involves spending most or all of your equity or your life’s savings. […] The post When it makes sense to rent before you buy Spanish property appeared first on Spanish Property Insight .
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Brussels pours cold water on Balearic dreams of excluding foreign buyers
Wed, 15 Mar 2023 19:44:28 +0000
The Balearic regional government’s idea of excluding foreign buyers from the housing market has not been warmly embraced by Brussels For a while now the regional government of the Balearics has been making noises about banning “non-residents”, by which they really mean foreigners, from buying property in Mallorca, Menorca, Ibiza and Formentera, blaming them for […] The post Brussels pours cold water on Balearic dreams of excluding foreign buyers appeared first on Spanish Property Insight .
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“Solidarity tax” on wealth likely to discourage foreign investment in Spanish real estate
Wed, 15 Mar 2023 17:33:27 +0000
At the end of last year the Spanish government rushed through a retroactive law to tax wealth in Spain that is particularly hard on foreign investors in Spanish real estate with €3m or more invested, even fund investors who might not be aware of their exposure to Spain. The ‘Solidarity Tax on Big Fortunes’ was […] The post “Solidarity tax” on wealth likely to discourage foreign investment in Spanish real estate appeared first on Spanish Property Insight .
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Pound Euro exchange rate strikes one-month low on fears of Fed-BoE policy divergence
Sun, 12 Mar 2023 08:13:57 +0000
The Pound Euro exchange rate struck its worst levels since the start of February this week amid concerns over a divergence in UK-US monetary policy. GBP/EUR punished by BoE’s apparent dovish bias The Pound Euro exchange rate got off to a poor start this week. The Euro strengthened at the start of the session after […] The post Pound Euro exchange rate strikes one-month low on fears of Fed-BoE policy divergence appeared first on Spanish Property Insight .
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Spanish home sales near record in January, but the trend is clearly down
Sun, 12 Mar 2023 08:09:49 +0000
The monthly home sales figures paint a picture of a market coming off the boil but still near record levels. There were 44,569 home sales witnessed by notaries in January, a decline of 7% on the year before, according to the latest data from the notaries’ association. As you can see from the chart above, […] The post Spanish home sales near record in January, but the trend is clearly down appeared first on Spanish Property Insight .
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Spanish ‘Golden Visa’ demand plunged in 2022
Fri, 10 Mar 2023 09:08:27 +0000
Interest in the Spanish ‘Golden Visa’ scheme plummeted last year according to new figures reported in the Spanish press. This undermines the case made by politicians calling for the scheme to be closed down on the grounds that ‘Golden Visa’ investors drive up house prices for locals. There were just 136 so-called ‘Golden Visas’ issued […] The post Spanish ‘Golden Visa’ demand plunged in 2022 appeared first on Spanish Property Insight .
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Mortgage foreclosures at record lows, despite rising interest rates
Fri, 10 Mar 2023 09:03:17 +0000
Foreclosures initiated by mortgage lenders were the lowest on record in 2022, suggesting that rising borrowing costs have not yet translated into a wave of mortgage defaults. There were just 16,851 mortgage foreclosures initiated by lenders in 2022, down 19%, and the lowest level since 2014, when the National Institute of Statistics started publishing these […] The post Mortgage foreclosures at record lows, despite rising interest rates appeared first on Spanish Property Insight .
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Madrid, passion for life
Thu, 09 Mar 2023 19:03:38 +0000
Lawyer Raymundo Larraín Nesbitt explains why Madrid is a top place to buy and live in Spain. Today I continue with my running series on top places to buy and live in Spain. I need to preface this article by admitting I have a soft spot for Madrid, having studied and worked there for almost […] The post Madrid, passion for life appeared first on Spanish Property Insight .
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