Spain is appealing to foreign investors

In case there was any doubt of the increasing appeal of Spain to foreign investors, we now know that in the first half of 2015 foreign purchases in Spain have reached nearly the same high as in the entire of 2014. In July alone there have been international transactions totaling 5165.5 million euros. In this… Continue reading

Buying property in Spain? Avoid tax extorsion!

In Spain, property buyers must pay sales tax on the property, known as Impuesto de Transmisiones  Patrimoniales (ITP). It is paid as a percentage of the value of the house although the exact figure varies depending on what type of property is being bought and what región of the country it is located. Since the… Continue reading