Tax Avoidance Crackdown On Wealthy Expats In Spain

Wealthy British expats in Spain face a tax crackdown as huge amounts of information about their offshore finances is swapped with other countries. Spain’s tax authority, the Hacienda, has new powers and technology to scrutinise data received under the international common reporting standard. Under Spanish laws, every expat should have filed a Modelo 720 tax […]

Spanish Bad Bank ready To Sell Homes

Property investors with nerves of steel could do well when the Spanish ‘bad bank’ Sareb releases thousands of repossessed properties on to the market. Sareb was created last year as a vehicle for Spain’s leading banks to offload toxic debts from its books – mainly in distressed property. The first batch of around 13,000 properties, […]

House Prices In Spain Are Still Tumbling

Now might be the opportune time to invest in new Spanish property as prices continue to fall, according to a real estate valuations company The Sociedad de Tasacion says that since the country’s housing market collapsed in 2007, new house prices have fallen by 33.5%. And with prices predicted to fall still further through 2013, […]