Editorial Team

Renting is more affordable than buying in Spain's wealthiest towns

Renting is more affordable than buying in Spain's wealthiest towns

Madrid and Barcelona provinces have the highest disposable incomes. With Tax Agency data corresponding to 2021 for personal income tax, Pozuelo de Alarcon is once again the wealthiest town in Spain, with €80,244. Matadepera (€69,511) and Boadilla del Monte (€63,007) follow at a distance.
Galicia will reduce transfer tax (ITP) to 8% as of 2024

Galicia will reduce transfer tax (ITP) to 8% as of 2024

The President of the Xunta de Galicia, Alfonso Rueda, announced, in the Debate on the State of the Autonomy, that his Government will reduce the Property Transfer Tax to 8% from 2024 and will automatically grant the "Tarxeta Benvida" to all households that meet the income requirements without needin
Catalonia's oldest village and a World Heritage Site

Catalonia's oldest village and World Heritage Site

Have you ever wondered which is Catalonia's oldest village? Its name is Ullastret, a small but captivating town of 250 inhabitants in Girona province, Catalonia. This charming spot is especially famous for its historical and cultural wealth and is a magnet for tourists and archaeology lovers.
Foreigners already buy 22% of homes in real estate agencies

Foreigners already buy 22% of homes in real estate agencies

The Spanish real estate market is experiencing moderation in the face of uncertainty, adjustments in the global economy and interest rate hikes.  House sale rates are falling sharply across the board in Spain and foreigners are playing a more prominent role in the market.
Rates in September remained at their highest since February 2009, according to the Bank of Spain.

The average interest rate on new mortgages is already above 4.3%

The average rate at which Spanish banks granted mortgages in September exceeded 4.3%, at its highest level since February 2009, when it stood at 4.324%, according to data from the Bank of Spain published on Friday. Thus, the average rate on mortgage loans over three years for the purchase of free h
Cohousing projects available in Spain starting at €75,000

Cohousing projects available in Spain starting at €75,000

Cohousing is gradually gaining ground in the residential market as an alternative to traditional housing. This model is based on combining private spaces in properties with large communal areas and, above all, promoting shared usage among neighbours, who are both developers and end users.