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stamp duty on buying property.

It’s no secret that, unlike volatile investments such as stocks and bonds, real estate offers a gradual and constant increase in value over time. According to Idealista, property prices in Spain have risen by 16 per cent in the last five years. You can also generate passive income on your property by renting it out as a holiday home when you are not there.

A lot of people don’t know that Spain offers lenient tax allowances which reduce a landlord’s bill by 70 per cent or more (applies to EU residents only). You can deduct all property maintenance costs, including legal fees (used to compute the rental tax) and mortgage interest! Property provides excellent returns on investment after deductions.