Celebrated in Alicante from June 20-24, Las Hogueras features bonfires ("Feux de joie"), "Ninots" (colorful statues), and culminates in "La Crema" on June 24-25. The festival marks the summer solstice with artistic displays, street parties, and fireworks, rooted in historical agricultural traditions.

Seasonal rentals, also known as short-term rentals, involve renting a furnished and equipped property for a short period. Are you planning to invest in a property in Spain for seasonal rental? So... good or bad idea? Before diving in, make sure to consider the pros and cons. Prime Estate explains everything! What are the advantages of seasonal rentals in Spain? High occupancy rate...

We are thrilled to announce our new collaboration with Baerz & Co Luxury Homes. Together, we strengthen our expertise and network to provide you with a refined experience in the world of exclusive real estate in Spain. Our alliance represents the perfect combination of local knowledge and global insight, offering our discerning clients unparalleled access to exclusive real estate...

The luxury real estate market in Spain is currently experiencing a peak, especially due to the increasing interest from younger generations. Millennials, born between 1981 and 1995, already represent 25% of all transactions in luxury homes valued at over three million euros. This is revealed in the first report on the luxury real estate market in Spain by Hiscox, an insurance company specializing in...

Non-Resident Rental Income Taxes Are you a non-resident in Spain? Do you own an urban property in this country? If you’ve answered Yes to both questions, you are subject to both the Spanish property taxes for non-residents (Impuesto sobre la Renta de No Residentes) and a local tax known as the Real Estate Tax (IBI). Ownership Structure Do you share ownership with your partner? With several...

Spain is a popular destination for foreigners who want to acquire property or retire. However, it is important to be aware of the inheritance tax implications before receiving an inheritance in Spain. Who is subject to inheritance tax in Spain? Inheritance tax in Spain is payable by all heirs, regardless of their residency status. This means that both residents and non-residents of Spain are liable...

Spain, with its recent economic growth, robust infrastructure, and thriving market, stands prominently as one of Europe’s stronger economies. The following factors highlight why Spain is an appealing investment destination: Economic Stability:Spain has experienced significant economic progress in recent years, making it a robust market for various sectors. Tourism:As one of the world’s most...

In the dynamic world of Spanish real estate, where trust, competence, and professionalism are the cornerstones, working with a certified real estate agent API like Prime Estate guarantees a reliable and secure real estate experience. In this article, we will explore the undeniable benefits of collaborating with an agent holding this prestigious certification, providing an insight into the reliability and...