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Spanish Economy News

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Spanish Inheritence Tax / Succession Tax

Spanish inheritence tax is a complicated business based on the different relationships between the donor and the receiver. Particularly at risk are unmaried couples and step children.... More »

Spanish Economic Growth Continues to Fall

Latest statistics from the Bank of Spain indicate that economic growth during the first 4 months of 2008 has fallen short of expectations. This fall to an annual equivalent rate of 2.8% is blamed largely on external factors, specifically the international financial crisis.... More »

Spanish Economic Growth Slows

One of Spain's largest banks, the Santander (owner of the Abbey in the UK) estimates that Spain's economic growth for 2008 will be a still robust 2.5% although down from the actual 3.8% growth for 2007.... More »

Spanish Government To Help Homeowners Extend Without Cost the Length of Mortgage Terms.

As part of a package of financial incentives aimed at confronting the economic slowdown, the Government announced last week that homeowners will be permitted to extend the term of their mortgages, thus reducing monthly repayments, without any notary or land registry fees.... More »

Spanish Construction Activity Falls By 8%

Construction activity, which along with tourism was the motor behind much of the Spanish economic boom of the last few years, continues to fall at a rate much higher than elsewhere in Europe.... More »