Regular legal-contributor Raymundo Larraín Nesbitt explains the tax allowances that non-resident landlords may now benefit from following a recent European Court of Justice ruling.
Rental prices are rising in most Spanish cities, led by Barcelona up almost 66% in the last five years, reports the Spanish press.
The average rent asked by landlords rose 4.5% over 12 months to the end of April, according to data from the Spanish property portal Fotocasa.es.
The municipal authorities worry that Barcelona is heading for a rental price bubble, in part due to holiday rentals, the local press reports.
Rental prices are rising after years of declines, but many landlords fail to declare their rental income to the tax authorities.
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