Legal & Finance news & information for Spain

TWO of Spain's largest high-street banks are reported to be in merger talks, potentially resulting in the joint entity being the second-biggest in the country in terms of share capital.

A SHARP rise in the number of fixed-rate mortgages in Spain has been reported in the past two years – and they now account for 43% of every new loan taken out.

A MERGER between two key telecommunications providers has now been finalised – Orange and MásMóvil will operate as a single company from April onwards.

GREATER practical and financial help for parents is on the cards now that a new 'family law' has passed its second reading in the Council of Ministers, with extended maternity and paternity pay, protected time...

A GROUND-BREAKING new customer service law has finally been approved by Spain's Council of Ministers after being shelved for nearly two years.

MORTGAGE-LENDING has reduced dramatically in Spain in the past year, but that has not stopped homes on sale being snapped up: Over a third were purchased in cash, according to the latest figures.

EVERY January in Spain sees the start of a new tax year and, with it, changes in prices of utilities, commodities and certain consumer goods, along with amendments to State benefits, the minimum wage, and contributory...

RESIDENTIAL property sales have been shrinking consistently throughout 2023, but latest figures show this trend is relenting.

SPAIN will be one of the fastest-growing member States in the European Union between now and the year 2025, but will 'almost certainly' fail to meet the fiscal requirements established in the bloc in 2024, and...

MORTGAGE signings have dropped by nearly a fifth as a result of the greatest leap in interest rates in over 20 years – but debt defaults have not risen, despite the Euribor being at its highest since 2011.

IN LIGHT of the news that four regions have axed inheritance and gift tax – either entirely, or for first-degree relatives – residents in Spain who have not had to deal with these as yet may not be clear on when it...

MASS reductions in inheritance and gift tax have been reported across Spain, with some regions axing it altogether – starting, in most cases, from January next year.