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Government considers hiking income tax on Spain's highest earners

Under the proposed plans, the new levy would be imposed on net wealth in excess of EUR700,000, affecting an estimated 160,000 of Spain’s wealthiest individuals. Expected to yield around EUR1.08bn (USD1.48bn) a year for the government, the threshold for the proposed levy is around seven times the previous EUR120,000 2008 threshold to ensure that the middle class is protected from the measure.

The government's move follows an announcement by Spain's FinanceMinister Elena Salgado at the end of August, in which she explained that the government is currently considering the idea of ...continue reading "Target: Spain’s Super-Rich"

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Crown your livingroom with Art

Planning to decorate your livingroom? Here's three artistic works to give a tone of sophistication to your livingroom.

...continue reading "Art in your Livingroom"

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A whole wall for your bookcase 

estantería - A House Full of Books

Have you ever imagined your ideal house? Mine has the largest bookcase. This combination of nature and culture in the image makes it a great example of a good use of space in a house.

A mystifying equation:  1 + 1 equals 2.5 on real estate

It's a new way to make better profit according the New York Times. "It applies to breakthrough combinations", says the paper, "in which someone buys two adjoining apartments and breaks through the connecting wall, or in some cases the floor or ceiling, to create a bigger place. The equation makes ...continue reading "Selling Contiguous Apartments"

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If ever there was a time to snap up a bargain Spanish property is now

Never before has the chance been so affordable to own your own Spanish property, to live, retire, work or generate revenue by cashing in on the still increasing tourism market.

According to the real estate valuation firm Tasaciones Inmobiliarias (Tinsa), in Andalucia, the average price of housing fell by 6.8 per cent in August over the same month of 2010, which marks an incredible accumulated drop of 23.5 per cent since its peak in late 2007.

...continue reading "Doors Open on the Spanish Property Sales"