Spanish Property Investment is one of the oldest forms of wealth accumulation and should always be part of a larger portfolio of investments so as to balance out your risk. nevertheless, unlike other paper securities, the financial value of a house or for that matter any other investment property does not vary very much.

If you sold a property in Spain between 1997 and 2006 and you were a non-resident, you could now be eligible to reclaim most part of the capital gains tax that you paid.

Following a recent case brought by the European Court of Justice against the Spanish Government in March 2010 it has resulted in a favourable tax position for non-resident property owners.