Daily Archives: March 20, 2015

New tax reduction for Madrid property investors from 2016

Great News for Property Investors in Spain. Madrid authorities are still encouraging property investment by reducing tax burdens. According to a website especialised in economy, the IBI (which is what we call in the Uk the Council Tax ), will be reduced an average of 20% from 2016. Also, the Plusvalia Tax, the equivalent to Capital Gains taxable to property vendors, will be reduced by a 27%
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The housing sector starts off a year of growth, supported by good economic predictions

According to a research conducted by the Spanish bank BBVA, the growth of home sales in December elevated transactions in 2014 to 364,00, 19% more than the year before.  On the other hand, home prices ended 2014 with the first trimester growth since the start of the crisis at the same time as the start of homes closing the year in the black. That includes the Salamanca district in Madrid property
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