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IMS Lawyers in Spain
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Up to date Information on Spanish Law and buying in Spain
Up to date Information on Spanish Law and buying in Spain

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This week saw a mixed bag of results for both house prices in Spain quarter 1 and house sales for April.

The housing market looks to be stable but growth is still at best only steady.

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House sales increased slowly year on year in March for the Spanish property market.

Given evidence of activity at Place in the Sun show in UK last week this will continue as buyers who are taking advantage of the new pension rules look to invest in Spain.

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Inheritance tax in Spain is payable by the beneficary not the Estate and there is no Spousal exemption.

It is wise before buying in Spain to understand the rules applicable to the asset on your death..

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February shows another increase year on year for the transfer of Property rights. Residential sales remain well ahead of other title transfers being up over 15%.

Resales are making up the lion share of sales with new builds faltering slightly.

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Sales of dwelings in Spain scrape into positive year on year numbers for 2014.

After a poor start to the year finally some year on year growth within the property market.

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Data out today confirms the trend seen in the last two quarters in relation to house prices in Spain.

Whilst rather static for quarter 3 in comparision to the previous two quarters increases, never the less the bottom seems to have been reached and slow but steady growth can be anticipated through 2015 into 2016. 

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Sales of dwellings in Spain showed another month of increases in September indicating the housing crisis may slowly but surely be a thing of past.

Too soon to say this is a sustained recovery but all the indicators are the positive trend will continue.
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