Congress has registered a BILL that will increase the tourist flat rental tax in Spain, which includes a 100% new levy for non-EU buyers of property. The socialist PSOE party group on Thursday presented the first draft written of the package which includes the extensive housing reforms announced by the Prime Minister Pedro Sanchez in January. The bill seeks to …
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A LUXURY villa on Marbella’s ‘Golden Mile’ is up for sale for €25 million. The Altos Reales house on a 2,000 m2 site was renovated by GC Studio. It features seven bedrooms, a heated indoor swimming pool and a gymnasium. GC Studio says the home has been designed as ‘a refuge of Peace and sophistication through bright architecture, spacious spaces and …
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MARBELLA City Council awarded a 75 year land concession to Marbella FC Foundation for the development of a new ambitious football stadium complex which could host matches at the FIFA World Cup 2030. The €114 million private investment project will transform the site of the old Antonio Lorenzo Cuevas stadium into a state-of-the-art sports facility with a capacity increase from …
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Fears that Russia may attack their homeland have prompted many Poles to purchase foreign property in Spain. The number of non-Spanish buyers of real estate in Spain increased by 153% last year. The Russian invasion of Ukraine, which took place in February 2022, has pushed East Europeans towards buying or renting properties on the opposite side of the continent. READ …
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After a Madrid Court threw out AIRBNB’s appeal, 65,000 listings for unlicensed holiday flats in Spain could be removed. In recent months, the Ministry of Consumer Affairs has sent three orders demanding that online advertisements be removed because accommodation violates tourist housing regulations. The Madrid High Court has backed the Ministry over its first submission, which results in a ban …
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The property sales in Alicante province were at their highest level ever recorded. The National Institute of Statistics reported that 4664 purchases had been made in March, which is higher than the previous record of 4,541 set two years earlier. The number of homes sold in Spain in March 2007 was 4,400 plus, at the heights of the boom in …
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A PROPERTY Expert, also known as @crismasfamilia in TikTok, has revealed a strategy that pensioners can use to begin investing in real estate. I’m not crazy. This is the investment strategy that I came to tell you about today. “This is the investment strategy I am going to tell you today, and I’m really not crazy,” she said on one …
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A MALLORCAN real estate agent has blamed some ‘locals’ for pushing up property prices because of foreign buyers. Maria Antonia Bermejo from the Gestpropiedad company says that supply of homes is scarce due to ‘exorbitant prices’. Interview by the Diario de Mallorca newspaper, the agent said: “We are talking about €300,000 or €400,000 for a flat covering just 80m2.” READ …
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Squatters in Spain find ways to get around a new, tougher law that aims to evict the squatters despite promises of a speedy trial. A change to the Criminal Procedure Act technically allows the crimes of ‘usurpation of a home’ and ‘breaking and entering’ to be heard in short hearings within a maximum period of 15 days. The squatters evictions …
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The smallest island in Spain will ban all new construction. Tabarca Island is located off the Costa Blanca, close to Alicante and Santa Pola. It has about 70 permanent residents. Alicante City Council, which administers the island, published on Monday their proposals for a Tabarca protection plan. READ MORE TABARCA PROPERTIES(Pixabay image) Plan will prohibit new buildings and ban the …
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