A staggering 150,000 residential properties have vanished from Spain’s long-term rental market since 2023, leaving many Spaniards struggling to find affordable housing. Experts suggest the controversial Housing Law, combined with landlords’ pursuit of higher profits and legal uncertainties,......

A government report released Tuesday has revealed that the massive power outage that paralyzed Spain and parts of Portugal in April was triggered by an "overvoltage" on the electrical grid, leading to a cascading failure. The incident, which disrupted internet, telephone services, train operations,......

Netflix, the US-based streaming giant, has announced plans to invest €1.1 billion in Spain’s audiovisual sector between 2025 and 2029. The announcement underscores Spain’s growing importance as a creative hub for global film and television production in Europe. Speaking at Netflix's......

Stellantis has taken a decisive step in strengthening its industrial footprint in Morocco by launching engine production at its kenitra plant. This move marks a significant evolution from vehicle assembly to a fully integrated manufacturing site capable of producing critical components like turbocharged......

Spain amended its housing law two years ago to curb soaring property prices and rents. The reform aimed to regulate rent prices through a rent control index, increase taxes on landlords with vacant properties, and incentivize below-market rental rates. Since then, rental prices have risen by 24 percent......

A high-level economic delegation from Spain’s Valencia region will visit Tangier on June 2 and 3 to reinforce trade and investment ties with Morocco. Organized by the Valencia Chamber of Commerce, the Tangier-Tetouan-Al Hoceima Chamber of Commerce, and the Moroccan Consulate General in Valencia,......

Low-cost airline Ryanair has raised alarms regarding a potential increase of up to 20% in flight delays for routes to and from Spain during the upcoming summer months. The airline attributes this worrying forecast to a shortage of air traffic controllers (ATCs) within the country. The airline has publicly......

Since The Local Spain reported the Spanish government’s intention to impose a 100 percent tax on property purchases by non-EU non-residents, questions have arisen regarding the specifics of this tax. This draft bill, introduced by the Socialist government of Pedro Sánchez, aims to address......

The Bank of Spain recently issued a cautionary note, indicating that signs of a property bubble may be emerging in the country. As house prices soar to historic levels, the question arises: is Spain witnessing a real estate bubble, and if so, could it burst within the next year? A property bubble is......

Following Spain's announcement of a proposed 100 percent tax on property purchases by non-EU non-residents, legal and real estate experts are raising significant concerns regarding its viability and legality. The initiative, spearheaded by the Socialist-led government, aims to curb foreign speculation......

A draft law proposing a 100 percent tax on non-EU, non-resident home buyers in Spain has sparked significant controversy and confusion. This initiative, introduced by Spanish Prime Minister Pedro Sánchez, aims to curb what he describes as "foreign speculation" in the property market.......

Since the local Spain broke the news that the Spanish government has lodged a draft bill to charge non-EU, non-resident home buyers a 100 percent tax, there have been doubts about how much this tax would truly amount to. The Socialist government of Pedro Sánchez last week presented a draft law......

Two new direct flight routes connecting the United States and Spain have recently commenced, significantly improving travel options for passengers. JetBlue Airways, an American low-cost airline, launched its inaugural flight between Boston and Madrid on Tuesday, marking its entry into the Spanish market.......