Thursday, July 9, 2020
Home Coronavirus Madrid Offers...

Madrid Offers Discounts on IBI and IAE Payments for More than 109,000 Properties

Up to 109,106 properties in Madrid, above all those located in the Central District, could qualify for a 25% discount on their IBI and IAE payments. The City Council of the Spanish capital has approved the initiative to mitigate the effects of the coronavirus crisis.

Illustration by MJgraphics.

The owners of various properties located in Madrid may benefit from tax credits established by the City Council of the Spanish capital to mitigate the effects of the Covid crisis. In this way, up to 109,106 premises and buildings in Madrid, especially those located in the Central District, could qualify for a 25% discount on their Real Estate Tax (IBI) and Tax on Economic Activities (IAE).

On 3 June, the Plenary session of Madrid City Council approved these measures for the properties and activities of people affected by Covid-19. The deadline for requests is 29 June 2020. These discounts are intended for declared activities and properties of special interest; for example, in the case of the IBI, they will apply to owners of leisure and hospitality premises, as well as of commercial, entertainment and cultural venues.

Read the full article in Spanish.


House Prices in Madrid Rise by More Than 45% in Five Years

The average home cost 295,927 euros in the Spanish capital at the end of March, compared to 165,280 euros on average in Spain.

How Much Does it Cost to Rent a Home in Your Area According to the Government’s Statistics?

The map prepared by Brains RE using data from the Ministry of Development's index reveals the rental prices in each municipality in Spain; and they vary quite a lot compared to other indicators.

Where are the Most Expensive Homes in Spain?

25 Spanish towns registered house sales costing more than 3,300 euros per square metre during the first quarter, including eight municipalities in the Balearic Islands.

House Sales Reach their Highest Prices in 8 Years

Homes sold during the first quarter of 2020 registered the highest prices seen in the last eight years, with an average of 1,747 euros per square metre; four autonomous regions accounted for 70% of the total sales volume.

Latest news

Alcampo Negotiates the Purchase of 42 Supersol Supermarkets

Auchan Retail Spain, owner of the Alcampo supermarket chain, is negotiating the purchase of 42 Supersol stores in Madrid and other nearby provinces.

A New Change in the Law Causes Online Auctions to Soar

A decree law approved during the State of Emergency declares that all auctions will have to be extrajudicial and executed through specialist entities.

Luxury Estates and Homes in Spain Enjoy a New Boom with Dozens of Post-Covid Operations

The most exclusive homes are continuing to be sold, even during lockdown. They are less sensitive to price decreases and a new star product has emerged: rural estates.