December 2021

This New Year’s Eve could be the warmest in 20 years in Spain

In the province of Malaga the last day of this year will feature high temperatures thanks to the arrival of an anticyclone and a subtropical air mass, allowing a warm New Year's Eve in most parts of Spain, where temperatures will reach 20º. Thus it could be the warmest New Year's Eve in 20 years. One of the representatives of the State Meteorological Agency, notes that this is an abnormal rise in...

Property sales in the province of Malaga are at their best level since the boom of 2007.

In the new construction segment, only Madrid has sold more properties than Malaga, where 26,000 transactions have been registered this year. The sale and purchase of homes in Malaga in 2021 shows its best figures since the times of the real estate boom, reaffirming once again that the pandemic has not been an obstacle for the sector. According to the real estate transaction statistics published by...

Big changes in the method of taxation for real estate transactions in Spain

With the new Law 11/2021, of 9 July, on Measures to Prevent and Combat Tax Fraud,a series of changes will come into force in the taxation of real estate purchase operations. Specifically, as of 1 January 2022, individuals who buy or inherit will pay tax on the property based on the " reference value " and not on the cost they have paid for the property. This reference value will be determined by the...

NFT reaches the real estate sector

Apart from marking the lack of digitalisation in the real estate sector, the Covid-19 pandemic triggered a trend that triumphed thanks to social networks.Non-fungible tokens (NFT) flooded the feeds of thousands of users, providing the proof of authenticity to digital art and thereby creating a new mechanism for trading of electronic artworks. The market of digital art exploded in February 2021, and even...