The Tax Agency will charge domiciled IRPF payments on June 30. Those who opted for fractional payment will pay 60% now and the remaining 40% on November 5. Insufficient funds can trigger penalties. Check your balance to avoid surcharges.
Spain faces Uruguay in its final group stage match on June 27 at 2 a.m. Mexico time. A win guarantees advancement to the next round. The match airs free on La 1 and on pay channel DAZN. The game is a major national event that will influence the mood across Spain.
The 2023 Housing Law cut the general tax reduction on new rental contracts from 60% to 50%. Many landlords mistakenly believe they qualify for a 90% reduction, but strict conditions apply—for example, rent reductions in stressed areas. Missing those requirements can trigger unexpected tax bills. Review the rules carefully to avoid costly mistakes.
Room rental prices in several Madrid suburbs now surpass city-center rates. Villanueva de la Cañada averages €703 per month, while Madrid city is €622 and Barcelona is €646. The national average stands at €475. The trend ends the assumption that moving to the suburbs offers cheaper accommodation.
Spain's competition watchdog (CNMC) is investigating mortgage practices. The IMF and European Systemic Risk Board recommend that Spain restrict high-risk lending, and the Bank of Spain may impose credit restrictions. Banks defend the market as sound. Tighter rules could make home loans harder to obtain for foreign residents.
Average household spending in Spain rose 3.1% to €35,101 in 2025. Housing costs, including utilities, jumped 5.8% to €11,665, absorbing a third of all budgets. Food spending increased 4.4% to €5,626, while transport rose 3.7% to €4,020. These three categories now make up 60% of spending, squeezing disposable income.
A Funcas survey reveals 68% of Spaniards believe paying pensions will become a major economic problem. Of those, 70% say young people will suffer the most. The fiscal authority AIReF has warned the latest reform may not guarantee sustainability. Germany is already linking retirement age to life expectancy and introducing mandatory private pensions.
INE confirmed GDP grew 0.6% in the first quarter of 2026, an annual rate of 2.7%, slightly above the previous quarter. Household consumption rose 0.6%, though exports dipped 0.6% and imports fell 1%. The government will approve new budget forecasts and war-related measures on June 29. The resilience supports job stability and public services.
The PP-led motion passed with 178 votes, backed by Junts, Vox, and others, urging Prime Minister Pedro Sánchez to submit to a confidence vote. A clause demanding his resignation gained 177 votes after Coalición Canaria abstained. The PSOE, Sumar, and other allies voted against it. The non-binding motion cites corruption investigations, raising political uncertainty.
A heatwave from Sunday to Thursday caused 212 temperature-attributed deaths, with 95 on Wednesday alone. June's provisional total stands at 380 deaths, 55% of them during this heatwave. Two direct heatstroke deaths were confirmed in Almería and Badajoz. Health authorities urge caution, especially for elderly and at-risk residents.
Brent crude has fallen to around $72, back to levels before the US-Israel offensive on Iran. Gasoline averages €1.46 per litre, down 2.6% in a week, while diesel is at €1.538. Overall fuel prices have dropped about 9% recently. Lower pump prices ease commuting and travel costs for drivers.
Stellantis will implement an ERE laying off 175 workers at its Villaverde plant in Madrid, with an additional ERTE for 89 workers from August to year-end. The company cites lower production forecasts. It is negotiating to transfer the plant to Chinese EV maker Leapmotor. The job cuts could affect those employed in the automotive sector.
The Foreign Ministry confirmed two Spaniards dead and about 80 missing after powerful earthquakes in Venezuela. The disaster killed at least 188 people and injured 1,520. A Spanish embassy driver and his family also died. Consular emergency lines remain open for the roughly 200,000 Spaniards resident in Venezuela.
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