Taxation on gifting property in Spain

Taxation on gifting property in Spain

My professional experience is that most foreigners are completely unaware of the legal procedure involved on gifting property in Spain. To that end, I’ve written today’s post. Gifting property arises when: Joint owners (i.e.
Spain, the eighth highest minimum wage in Europe

Spain, the eighth highest minimum wage in Europe

The minimum wage in Spain was €1,167 in 2022, including the proportional part of supplementary payments, 65% higher than in 2016, according to the Adecco Group Institute's Labour Market Report. Adecco's research service highlighted that €1,167 is similar to the United States' minimum wage, even tho
Intervening in the Spanish real estate market produces "distortions"

Intervening in the Spanish real estate market produces "distortions"

The CEO of Bankinter, María Dolores Dancausa, has stated that she is against market intervention in general, "whether real estate or any other type", as, in her opinion, "it produces distortions", such as the measure to limit the price of rent included in Spain's Housing Law. For Dancausa, interven
10 reasons to buy property in Spain

10 reasons to buy property in Spain

1. Store of value. In times of political and economic instability (war, stock market crash, global pandemic, bank runs, high inflation, etc), gold and real estate are king as traditionally they act as safe havens where savers shelter their money to weather the storm. 2. Staves off inflation.