Financial advice in Spain

The company specialised in asset management and financial advice predicts normality in asset valuations and a general increase in rental profitability, in the midst of a change in the interest rate cycle. According to Abante, the "new rate scenario that allows a return to historical average returns on rental investment, moving away from the ridiculously low returns of recent years", which offers investment opportunities.

The financial institution's research service has revised upward the growth estimates in 2024 in all the autonomous communities, except in the Basque Country, which remains stable. According to BBVA Research, seven regions will grow above what is estimated for the country as a whole (2.5%), with the Balearic Islands, the Canary Islands and Madrid, followed by Navarra, Aragon, Castile and Leon and Catalonia.

Spain continues to slide on the list of the most competitive countries in the world, according to the latest "World Competitiveness Ranking" by the IMD Business School. This year, it ranks 40th out of 67 economies, which is the worst score since 2013 and the second worst in the entire historical series. Spain's declining competitive position in 2024 is mainly due to worsening results in government efficiency, including factors such as public finances, fiscal policy, institutional framework, business legislation and corporate framework. Singapore, Switzerland and Denmark occupy the podium.

Madrid and Barcelona are among the 30 most expensive European cities for expat professionals, as both cities have become more expensive for the second consecutive year in 2024, according to Mercer's annual ranking. Madrid and Barcelona ranked 30th and 25th in Europe, respectively, while globally th

Submitting your tax return after the deadline, either voluntarily or as requested by the Spanish tax authorities, are situations that could be negative for you and result in significant fines and penalties. The tax authorities allow you to file your tax return after the deadline, but with consequences, although the size of the penalty will depend mainly on whether your omission affects you or the tax authorities.

Spain will be the most-visited tourist destination in the world in 2040 with 110 million arrivals, followed by France with 105 million, and the United States with 100 million, according to the NextGen Travellers and Destinations report carried out by Deloitte and Google.

Garai (Vizcaya) and Pozuelo de Alarcón (Madrid) have the highest average net income per person and per household, according to calculations by the General Council of Economists (CGE).

Modular houses are becoming more and more common in Spain. Not surprisingly, they're built quickly and are also usually cheaper than traditional houses. Requesting a mortgage from a bank is one way to finance a prefab house, although it's worth keeping in mind that they have some particularities.

Spain's villages and rural areas have been suffering depopulation for decades, threatening to leave their streets and houses deserted and empty. This is why this problem has been aptly named: "Empty Spain". Around 40% of villages are at risk of depopulation.

Buying a flat is one of the most important decisions anyone will ever make. Finding one that you like, that is located where you want and, above all, that you can afford is an uphill battle.

Spain received more than 16.1 million international tourists in the first quarter of the year, which is 17.7% more than the same period in 2023, according to National Institute of Statistics (INE) data. Tourists spent €21.948 billion between January and March, 27.2% more, ending the first quarter of the year as a "historic" period for tourism, according to the government. Specifically, each tourist spent an average of €1,363 in March during a stay of an average of 7.6 days. The Canary Islands accounted for 26.7% of the total until March, where the British, Germans and French stood out.

Spain is crowned the most attractive European country to invest in hotels in the latest sector report published by the consulting firm CBRE, which analyses investors' appetite and their preferred investment destinations for 2024.

When a non-resident sells property in Spain, they undergo a 3% retention which is practised on the sales proceeds.

The transparency report is the notarial document that aims to certify that Real Estate Credit Law requirements have been met, by which individuals know and understand the scope and conditions of the mortgage they are subscribing to. It has been in force since June 2019 and is the way for notaries to help and advise individuals in a personal and impartial way before signing anything.

Spain captured a total of $2.210 billion (€2.060 billion) in real estate investment in the second half of 2023, placing it among Europe's top four countries to invest in real estate and the world's top 10. As revealed in Colliers' 'Global Capital Flows' report for the second half of 2023, Spain ranks eighth in the world, while the United Kingdom is in first place.

In 2023, Spain reached a Gross Domestic Product (GDP) per capita expressed in purchasing power standards equivalent to 89% of the EU measure (100), after reducing the gap with the EU-27 by three percentage points compared to 2022.

The movements of some banks to improve the conditions of their fixed-rate mortgage loans have given a twist to the mortgage war. And the trend will increase in the coming months. The luxury real estate company Engel & Völkers assures that the improvement in mortgage offers will give speed to the market, while the economist and consultant Gonzalo Bernardos believes that fixed rates will return to 2% at the end of the year.

Filing your annual tax return in Spain can seem daunting, but don't worry! This guide will walk you through everything you need to know about the 2023/2024 tax season, including deadlines, what to include, and how to file.

Every year, tens of thousands of foreigners decide to buy a home in Spain, regardless of whether or not they need to take out a mortgage. According to idealista/hipotecas, the profile requesting financing to buy a property in 2023 is a foreigner with an average income of almost €6,000 per month looking to buy a house for around €213,000 – 20% higher than the national average.

One in three foreign home buyers in Spain finance their purchase in our country, and two in three pay in cash. According to Engel & Völkers Finance Spain, the reason for this is that the mortgage offer is more competitive than what they can find in their home countries.

Remote working closed 2023 increasing 19.4% year-on-year, equivalent to 3.06 million people who at least occasionally worked from home in the fourth quarter of the year, according to Adecco's Employment Opportunities and Job Satisfaction Monitor. Before the pandemic, 1.64 million people worked from

International consulting firm Ipsos delivered a new edition of the "What Worries the World" survey at the end of 2023. Inflation, crime and poverty are the biggest concerns in the 29 countries analysed. On average, 61% of the population surveyed believe their country is heading in the wrong direction, with Spain (65%) slightly above the average.

The Spanish Government has approved Sumar's motion to promote reducing the working week to 38.5 hours this year without pay cuts, with the only Vox voting against it and the PP and Junts abstaining. This is the first initiative on reducing working hours that the Lower House has debated and voted on

The Spanish economy grew by 2.5% in 2023, one-tenth of a percentage point more than expected by the government. This was after recording a quarterly increase of 0.6% in the last quarter of the year, two-tenths of a percentage point more than in the previous quarter, according to the advance of

The Organisation for Economic Co-operation and Development (OECD) has revised its growth forecast for Spain upwards by one-tenth of a percentage point in 2024, which it now estimates at 1.5%, after the 2.5% growth in 2023, while it maintains expectations of a rebound in activity to 2% by 2025. The