Financial advice in Spain

Gross foreign investment in Spain, excluding Foreign Securities Holding Entities (ETVE), grew by 20.3% in the first quarter of the year, to €9.912 billion, representing a growth of 50.8% compared to the five-year average, according to the Secretary of State for Trade's Foreign Investment Register, D

When we plan to buy a house and need to ask for a mortgage, a concept we must be familiar with is mortgage-related origination fees.

When you decide to buy a house, you must remember that, apart from the price agreed with the seller, you will also have to pay a series of taxes associated with the transaction. When buying a used home, the most notable tax is the Property Transfer Tax (ITP by its acronym in Spanish).

Zara is the only Spanish brand among the 100 most valuable in the world, according to the 2023 Kantar BrandZ ranking, based on market capitalisation and the value given by consumers themselves.

Jaime Malet, Chairperson of the United States Chamber of Commerce in Spain (AmChamSpain), believes that Spain holds a "strategic position" on the world map, and therefore must cement its position as one of the main destinations for European and US investment in Europe, especially in key sectors such

The recent boost in the tourism sector has kept Spain among the most attractive European countries for hotel investment. According to consultancy firm Cushman & Wakefield, between March 2022 and March 2023, the sector attracted € 2.654 billion in investment, the third-highest figure in Europe.

The opening of physical shops in Spain is returning to pre-pandemic levels.

Spain's economic confidence indicator worsened in May with a score of 100.5 – three points lower than in April and the biggest month-on-month drop among the large economies of the European Union, according to the European Commission's Eurozone Economic Sentiment. This is due to worse forecasts

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.

The European Central Bank's (ECB) latest Economic Bulletin states that residential investment in the euro area is expected to fall in the short term despite the resilience it has shown over the past year.

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

Housing markets are slowing down. The IMF advises large economies and emerging countries to be "vigilant" about the housing crisis and gauge the risks for financial stability.

The latest employment data published by the Spanish government seem to be a double-edged sword.

Between January and March this year, 103,800 more people were unemployed, which is 3.4% more than in the previous quarter, while there were 11,100 fewer jobs (-0.05%).

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, int

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.

As long as the current economic situation persists and the Portuguese government continues with its zero VAT policy, it is expected that residents of Spanish border regions will continue to travel across the border to save money.

The Ministry of Industry, Trade and Tourism will set aside €208.5 m for a programme to improve the competitiveness and revitalisation of historical heritage for tourist use, as published in the Official State Gazette (BOE). The call's objective, within the framework of the Recovery, Transformation

Spain is among the countries with the cheapest mortgages in Europe, despite the sharp increase in interest rates in recent months, according to data compiled by the European Mortgage Federation (EMF). This group collects data from 12 European countries and, according to its latest statistical bulle

Navigating banks in Spain can be challenging, especially when it comes to opening and closing accounts.

According to data published by the European Commission, the Community of Madrid, the Basque Country and Catalonia are the only Spanish regions above the European average in the European Union's Regional Competitiveness Index. The Community services note that southern European regions tend to be bel

In 2022, Spain attracted more than €34,178 m in foreign investment in gross terms, 13.9% more than the previous year.

Spaniards spent 12.4% more in February on their food shopping than a year earlier, with a 15.4% increase in average prices and a 2.6% drop in volume sales, offsetting the fall compared to January, according to data published by the consultancy firm NIQ. More specifically, for yet another month, foo

At the beginning of the year, the Spanish government introduced a new benefit for mothers of young children (aged 0 to 3), which amounts to 1,200 euros per year.

Stamp Duty (known in Spain as AJD or Impuesto de Actos Jurídicos Documentados) is one of the taxes associated with the purchase and sale of a property in Spain.