Financial advice in Spain
Latest articles about Financial advice in Spain
All homes in Spain must have home insurance. Home insurance is important to consider if you are buying a property in Spain. In spite of this, studies show that one out of every four homes in Spain is not insured, something that comes with consequent risk.
In these challenging financial times, a lifetime loan (LTL) is a life jacket that offers a financial opportunity that not many borrowers are aware of. It is a type of loan available only to resident senior citizens.
The employment specialist website Jobatus has carried out a study that points out the drop in demand for professionals in certain sectors in July compared to the same month in 2018 and 2019.
The Spanish Government has recently approved a guaranteed minimum income scheme (“ingreso mínimo vital”) set to help 850,000 of Spain’s most vulnerable families amounting to around 4.89% of the population.
The president of the Santander bank in Spain, Ana Botín, has announced that the bank is leading a project, together with the construction sector and the ICO ("Instituto de Crédito Oficial", a public bank attached to the Ministry of Economy and Business), to promote access to housing for young people
Some trade associations are advocating the same freedom of opening that the sector already enjoyed during the 2008 crisis.
The COVID-19 crisis has taken its toll on the Spanish holiday home market, along with so many other economic implications.
Unbeknownst to most non-resident property owners, on buying property in Spain, you automatically become liable to pay IBI tax the following year. No one will give you the heads up on this tax, so it is up to you to find out how much you owe and comply with your local Tax Authorities.
The time has once again arrived for taxpayers in Spain to consult their tax data online or on the Agencia Tributaria app run by the Spanish tax office.
The Spanish government already has a first estimate of what the impact on public accounts may be due to the measures introduced to help vulnerable rental tenants that were recently announced.
For the time being, the COVID-19 crisis has not changed the risk criteria for mortgages in Spain. The banks have kept their eligibility criteria stable and the current situation has not had an impact on the offers they have for their clients.
Spain is facing one of its most complicated moments due to the COVID-19 outbreak in the country.