Welcome to Bueno Newsletter, your trusted source for the latest insights on Spanish property.
Owning or planning to buy property in Spain, we've got you covered.
Here’s what’s new this week:
News
This week in Spanish Property
The top 3 updates and market moves in Spanish property this week:
Spain’s 100% tax proposal on non-EU buyers has stalled
The proposed tax that caused concern among many foreign buyers has hit a political roadblock. For now, there is no new tax in place, which brings short-term relief for non-EU buyers.
Banks are offering more competitive mortgage rates again
As inflation eases, mortgage conditions are gradually improving. Some non-resident buyers are now seeing rates from around 2.5% to 4.5%, depending on profile and deposit, making financing more accessible than a year ago.
Barcelona moves to eliminate all tourist apartment licences by 2028
Barcelona has confirmed its plan to eliminate all 10,000 tourist apartment licences by 2028, following a Constitutional Court ruling in March 2025. If you own in Barcelona and rely on short-term rental income, legal and financial advice is no longer optional.
Guide
Understanding the Plusvalía Tax When Selling Property in Spain
Selling property in Spain comes with tax obligations most foreign owners don't see coming. The Plusvalía Tax is one of them. It's separate from Capital Gains Tax, calculated differently, and paid to a completely different authority. Miss it, and you're looking at fines.
Once you understand how it works, it's straightforward to plan for.
Key topics covered:
What Plusvalía Tax actually is and where the money goes
How the amount is calculated (and what drives it up)
When you have to pay and what happens if you don't
Who pays it and the non-resident exception most people miss
Other taxes to factor in when selling: Capital Gains Tax and IBI
Bueno Tax
Stay Compliant. Save Time. Avoid Fines.
From rental income reporting to annual property taxes, Bueno Tax Filing Service makes Spanish property compliance simple, fast, and stress-free.
The smart move? Just reply to this email and we'll take care of everything for you.
Property
Trends in Spanish Property Market
The numbers, trends, and insights that matter most to your Spanish property investment:
Foreign buyers now make up 20% of all transactions
Foreign market share in Spain has more than doubled over two decades and now represents 1 in 5 property sales nationally. In coastal provinces like Alicante, overseas buyers account for more than half the market.
Spain is building at roughly half the rate it needs to
Spain adds around 180,000 new households every year but completes only 90,000 to 100,000 new homes. This structural gap is not closing.
See your property’s current valuation and understand its potential on Bueno Property.
💬 Reader’s Question
Q: What happens to my Spanish property if I pass away?
It does not automatically go to your spouse or children the way you might expect if you are a Spanish resident.
Spain applies its own inheritance rules to property located in Spanish territory. Without proper planning, your heirs could face a lengthy legal process, significant inheritance tax, and in some cases, forced sale of the property to cover the bill. Regional rates vary widely and can be steep for non-residents.
Simple steps to stay safe: Make a Spanish will that specifically covers your Spanish property if you are a Spanish resident. For most non-resident owners local inheritance laws will apply in the country of domicile, and not the Spanish laws. If you are in doubt take legal advice.
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Until next edition,
Maria
— The Bueno Team