File - Card payment at POS.

Spanish banks will offer instant transfers from January

Banks are set to begin offering instant money transfers at the same cost as standard ones starting next month, following the government’s schedule for implementing this European Union (EU) initiative.From 9 January 2025, credit institutions will be required to provide instant transfers within the si
Mortgages in Spain

Buying a house in Spain: mortgage guide

Spain has long been a dream destination for property buyers seeking sunny skies, beautiful beaches, and a laid-back lifestyle, whether looking for a second home, quiet spot for retirement or an investment opportunity.No matter the reason for your purchase, understanding the Spanish mortgage system i
¿Cómo saber el valor fiscal de un inmueble?

Taxes on selling property in Spain

Today’s article mirrors our published article Taxes on buying property in Spain.Sellers in Spain are liable for two taxes:1. Capital Gains Tax (CGT, for short), and2.
Valencia flooding

Valencia offers tax deductions for flood victims

The Valencian Council has approved a decree law establishing extraordinary tax measures to provide immediate support to families and companies affected by the recent floods for those taxes over which the Valencian Community has regulatory powers.
idealistic

Barcelona real estate investment rises 12% by September due to lower intrest rates

Real estate investment in Barcelona has shown signs of recovery during 2024, reaching a volume of €1.5 billion between January and September, according to data from CBRE, one of the leading real estate consulting and services firms globally. This figure represents a growth of 12% compared to the same period in 2023, although it is still 12% below the last decade's average.
Amancio Ortega and his daughter Sandra, Rafael del Pino, Juan Roig Alfonso and Isak Andik are the five largest Spanish fortunes, according to the ranking of the list of 'The 100 richest Spaniards' by Forbes Spain

Who are the richest people in Spain in 2024?

Amancio Ortega and his daughter Sandra Ortega, Rafael del Pino, Juan Roig and Isak Andic, are the five wealthiest individuals in Spain, according to Forbes Spain's list of "The 100 Richest Spaniards."In 2024, the combined wealth of Spain's 100 richest people totals €250.4 billion, marking a 27.7% in
Donald Trump, the new president of the United States

The four major impacts of Trump's victory on financial markets

Donald Trump's landslide victory in the US elections has significantly impacted major financial assets. The dollar, bitcoin, and stock indices surged following the Republican candidate's win, which had caught financial markets by surprise, given the close race reflected in the polls.
Tax in Spain

Spain: tax haven or tax hell?

Spain: tax haven or tax hell? Actually, it’s both. In John Boorman’s 1981 Excalibur movie, there is a part of the dialogue between Merlin and King Arthur where Merlin explains he is a dream to some but a nightmare to others.
Property for sale in Pozuelo de Alarcón

Pozuelo de Alarcón has the highest average gross income in Spain

Pozuelo de Alarcón (Madrid) has retained its title as the Spanish town with the highest average gross income for the fourth consecutive year, reaching €85,323 – a 6.3% increase from €80,243 the previous year. The Tax Agency's statistics on personal income tax filers in municipalities with over 1,00