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Spain Tops List of Countries For Expat Retirees

46% of over 50s considering Spain for retirement

Spain has once again been named as the best destination to retire for Brits over 50, the 10th consecutive year. A new survey by Canada Life shows that despite Brexit and the pandemic almost half of those polled said they were considering moving to sunny Spain for their retirement. For the first time, Portugal has Continue Reading

Cost of Renting Reaches Historical Highs

Renting is more expensive than ever

The price of rental housing in Spain increased by 0.9% in July, when compared to the previous month. When compared to the same month in the previous year, rental prices have increased 7.4%. This brings the average cost per square metre to €11.21. The average cost exceeded €10 per square metre some 33 months ago, Continue Reading

Modelo 720 Fines Declared Null and Void

Modelo 720 Fines Declared Null and Void

The draconian fines which were imposed under the Modelo 720 Assets Declaration have been declared null and void opening the doors to claiming the money back. This is some welcome news for foreign residents and investors. Under Spain’s 720 tax model, which was introduced back in 2012, foreign residents had to declare the assets they Continue Reading

Rental Price Rises 2.40% in First Half

Average cost of renting in Spain was €10.22 in June

The average cost of renting a home in Spain was 10.22 euros per square meter at the end of the first half of the year. This figure marked a monthly decrease of -0.10% and a quarterly increase of 0.17%, half-yearly of 2.40% and interannual of 6.13%. According to Ferran Font, Director of Studies at piso.com, Continue Reading

House Prices Up Almost 5% in May

Second-hand houses increased 4.86% in May

The average price of second-hand housing in Spain in the month of May 2022 was 1,923 euros per square meter. This figure represented a rise of 0.91% compared to April, when the price was 1,906 euros per square meter. The rise compared to May 2021 was 4.86%, since the average price of homes for sale Continue Reading

Homes Sales Up 25% in March

Andalucía saw a 27.3% increase in home sales

The total number of transferred properties registered in the property registers (from public deeds) in the month of March is 227,773, which is 13.1% more than in the same month of 2021. In the case of registered property sales, the number of transfers is 120,462, showing an annual increase of 20.9%. These figures further confirm Continue Reading

Cost of Renting Up 5% Since Last April

Average rental costs reached €10.17 in April

The monthly cost of rental housing in Spain had an average monthly price of 10.17 euros per square meter in April 2022. This figure marked a monthly rise of 0.30%. In the year-on-year comparison it increased by 5.18%. According to Ferran Font, Director of Studies at piso.com, “The upward trend in monthly rental payments is Continue Reading

Big Increase in Home Sales in February

Big Increase in Home Sales in February

February 2022 saw a total of 198,895 properties transferred in the property registers. This is 11.4% more than in the same month of 2021. In the case of registered property sales, the number of transactions recorded is 108,299, representing an annual increase of 21.1%, according to data from the INE. 86.8% of the purchases registered Continue Reading

Second-Hand Housing Price Increase in Q1

Housing prices up 0.3% in Q1

In the first three months of 2022, Spain has seen positive variations in the price of second-hand housing. The first quarter closed with a quarterly increase of 0.3%, and a year-on-year increase of 0.8%.This brings the average price of a second-hand home to 1,913 euros per square metre, according to data from Fotocasa. “Although the Continue Reading

2021 Saw 33% Increase in Property Sales

Sales of new homes grew 37.7% in 2021

The total number of properties transferred in the property registers in Spain in December 2021 reached 178,243, which is 17.6% more than in the same month of 2020. In the case of property sales, the number is 96,466, representing an annual increase of 26%, according to data from the INE. 86.4% of the purchases registered Continue Reading