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The Spanish real estate market has experienced a significant recovery since the 2008 economic crisis. Thanks to low interest rates and improving economic conditions, the demand for real estate has grown steadily over the past few years.
The market is a combination of traditional and modern real estate, with many investors from countries outside of Spain looking to invest in property in this country. The rise of Airbnb and other vacation rental platforms has also had a significant impact on the industry.
The most popular places to invest in real estate in Spain are Madrid, Barcelona and the Costa del Sol. Real estate prices in these areas have risen significantly over the past few years, with the high-end real estate market being particularly active.
However, it is important to note that the Spanish real estate market can be complex, with different rules and processes varying from region to region. It is important to understand the market well before investing in Spain.
Property Taxes in Spain: Regional Differences to Know In Spain, when buying a resale property, a property transfer tax (Impuesto sobre Transmisiones Patrimoniales, ITP) is