THE WORD ON THE STREET
News and information from Spain
International Edition - July 2026
Welcome to the July issue of 'The Word on the Street'. This is your monthly news and information from Spain provided by Ábaco Advisers. We hope to keep you in touch with the news, events and just a little bit of gossip.
Annual costs of owning a property in Spain: what every foreign owner should know
Annual property costs

If you have a property in Spain – how much should you budget each year to maintain it? This is an important consideration when thinking of buying and can influence your choice of location and specification. Read this article to find out more about annual taxes, community fees, utilities and general maintenance costs:

Annual costs of owning a property in Spain: what every foreign owner should know
A booming market for luxury properties in Spain
Luxury properties are in demand

Whether it is in the most sought-after parts of Madrid or Marbella, houses with the highest price tag are part of a booming market. One reason is the perception of Spain as a safe haven for the rich and famous, particularly after uncertainty in the Middle East. So, who is buying where and which are the most popular locations?

A booming market for luxury properties in Spain
What is Modelo 210 in Spain and why must non-residents file it?
Non-residents and the obligatory Modelo 210

Just because you don’t live in Spain or receive your income here, doesn’t mean that you are without tax obligations. The 210 form is the official declaration that must be completed by non-residents. Find out what it is, why it is important and what the requirements are:

Spain’s love for the beautiful game
Campeones!

If you were in Spain when they won the world cup then your ears might still be ringing. There is no doubt that, in spite of league differences, the majority of Spanish do get behind their national team. We provide a little of the background to this devotion and provide some key vocabulary so you can follow the commentary too!

Spain’s love for the beautiful game
What to do in the case of a wildfire
What to do in the case of a wildfire

Until recently you might not have given it much thought. However, with the number of wildfires and their intensity increasing, it is advisable to give some consideration to what you should do in the event. This article outlines some ways in which you might protect your home, the implications of leaving it or locking down and emphasises how important it is to follow official advice:

What to do in the case of a wildfire
Estate Planning in Spain: How to Protect Your Assets and Make Things Easier for Your Family
The importance of inheritance planning

Spanish inheritance law means that there is no automatic transfer to the heirs. The legal process that is involved, without proper preparation, can be confusing and complicated for those you leave behind. In this article our legal department explain what measures you should take to ensure that your loved ones are not left to pick up the pieces:

Estate Planning in Spain: How to Protect Your Assets and Make Things Easier for Your Family
Living in Cordoba Spain: The Definitive Guide
Living in Córdoba

David Ruiz has taken us to many different parts of Spain, helping you decide where you might like to live and providing ideas for places to visit. His latest destination is Córdoba in southern Spain. David outlines its prehistoric beginnings, rise as a cultural centre and what you can expect from the weather across the year. As you might expect, Córdoba has a wealth of stunning architecture – find out about the features and attractions that you really shouldn’t miss:

Living in Cordoba Spain: The Definitive Guide
What does €300K (the cost of an average UK home) buy you in Spain?
Where would you prefer to spend your €300K?

In this article from A Place in the Sun – they compare what you can get for your money when buying property for €300K. They focus on the areas of the Costa Blanca and Costa del Sol and give you an idea of what specification might be within your reach. There is no doubt that you can still get plenty for your money:

What does €300K (the cost of an average UK home) buy you in Spain?
Healthy retirement in Spain: Lifestyle and wellness tips
Advice for making the most of retirement in Spain

It is an ambition for many people to spend their later years relaxing and enjoying the Spanish weather and lifestyle. However, although it might seem ideal, making the most of your retirement is something you have to work at – a little. This article outlines some of the real benefits of moving to Spain if you are retired as well as pointing you in the right direction of how to make the most of your newfound freedom:

Healthy retirement in Spain: Lifestyle and wellness tips
Region Of Murcia Hit By Three Separate Fires As Authorities Investigate Possible Negligence
Super vigilance is needed

As wildfires continue to rage in different parts of Spain, this article from Murcia Today reminds us just how easily we can be responsible for a fire that could destroy countryside, wildlife and put homes and even lives at risk. Three fires in Murcia were started through careless actions and although controlled and extinguished, this acts as a reminder of how we are all responsible for taking the utmost care:

Spain raises 2026 growth forecast to 2.6% despite Middle East conflict
Spain still looking strong

The financial outlook for Spain is still looking positive according to figures released towards the end of June. The Spanish government raised its economic growth forecast for 2026 to 2.6%. Spain in English provides more information:

N332 News & Traffic Facebook Page
The N-332 Facebook page is evolving

For many years the N-332 Facebook page has been providing English-speaking people with advice and information about driving in Spain. However, as their popularity has grown, so has the type of information they have supplied us with. Now they have announced their new name: N332 News & Traffic. This is to emphasise their expanded brief which includes important information for international residents, weather alerts and forecasts as well as the motoring updates we have become used to over the years. Find out more and follow them to receive trusted information and alerts: 

Fuel Prices Set To Rise But Spain Unveils New Temporary Relief Plan
Temporary discounts for fuel

The Spanish Government has acted as a buffer to increases in the cost of fuel. However, this help couldn’t last for ever and the removal of relief was planned for the end of June. At the last minute it was agreed that instead of removing the relief in one go, there will be a transition period that sees the amount gradually reduced. Good news for car drivers and those with businesses with transport costs:

EasyJet releases millions of Spain flights for summer 2027 – why booking today could save money
Are you ready to book your 2027 flights?

What your plans are for the 2027 summer season might not be on your mind at the moment, but perhaps they should be. EuroWeekly tells us about EasyJet’s early flight price releases and how we might benefit by making some timely decisions:

EasyJet releases millions of Spain flights for summer 2027 – why booking today could save money
Spain suddenly delays major rental changes
Delays on proposed rental changes

In spite of the expectation that housing reforms would be agreed before the summer, it looks as though we can expect a delay until after the summer break. Proposals had included a two-year extension for eligible residential tenancy agreements and new rent protection measures. EuroWeekly provides more information about what is still in place and what is now on hold:

King Charles And Queen Camilla Are Heading To Spain Next Year In The First Royal State Visit For Nearly 40 Years
A warm relationship gets warmer

The Spanish and English royal families have long since put aside any differences but now it looks as though the ties could be getting even closer. In this article Spanish News Today describes the growing respect there is and, in fact, the actual blood ties there are. Alongside recent agreements between the two countries, there is optimism that any discord brought by Brexit is being put firmly behind us:

What interests you?
What interests you?

We would welcome any suggestions for future themes you would like us to cover either in the newsletter or in an article on Spain Explained.

Please let us know by email at newsletter@abacoadvisers.com.

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