Buyers and sellers of bargains punished by Spanish taxman
People who buy or sell bargain properties in Spain are being fined by the Spanish taxman, or even having their assets in Spain embargoed, on the assumption they are not paying their taxes.
Demolition hangs over 2,000 properties in popular resort of Chiclana
I’ve written on several occasions about the dire town planning situation in Chiclana, where the authorities are struggling to come up with a solution for some 15,000 illegal properties, almost as bad as Marbella 20,000 illegally built homes. But whereas Marbella’s new town-plan means it may only have to knock down around 500 occupied homes, [...]
Sharp improvement in housing affordability as property prices come down
The cost of property relative to income, known as housing affordability, has improved sharply this year as Spanish property prices have tumbled with the housing crisis. The percentage of annual gross income that Spanish families have to spend on financing the purchase of a home (taking into account tax deductions) has fallen from 40.3% in [...]
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