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Property Sales in Spain up 23% in May, Reaching Six-Year Highs

According to research from Spanish bankers BBVA, investment in housing will account for 9.4% of GDP growth in 2017, with around 500,000 transactions expected this year. The bank’s report goes on to suggest that national average property prices will see increases of around 3%, with an expected close of year rate of €1,570 per square […]

The Dangers of Not Declaring Income from Spanish Property Rental

Spain’s tax authorities are prepared to punish those taxpayers who do not declare income obtained from privately renting property they own by removing the 60% deduction on rental yields. In other words landlords will no longer be able to declare just 40% of their rental income for tax purposes. The Central Economic-Administrative Court (TEAC) has […]

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