THE BLOG

Reading on the world’s property markets.

Market updates, country spotlights, ownership and tax, and platform news. Written to be read, not skimmed. Members of The Onora Club get a note whenever a new article goes live.

THE LIBRARY

All articles

24 reads

THE LATEST READ

When the price is not in your currency.

A property priced in euros and paid for from a sterling or dollar account is two transactions, not one. The exchange rate you get on completion day is not the one you saw when you agreed the price.

Market Updates · 7 September 2026 · 3 min read

Ownership & Tax · 7 September 2026

The costs on top of the asking price, country by country.

Transfer tax, notary, registry and legal fees add somewhere between 4% and 15% to a Southern European purchase. Here is roughly what each country takes, and why the spread is so wide.

Onora Capital · 3 min read

Market Updates · 7 September 2026

Foreign buyers just took a record share of the Spanish market.

In the second quarter of 2026 foreign buyers accounted for 15.98% of registered Spanish home purchases, the highest share on record, while the market as a whole shrank.

Onora Capital · 3 min read

Portugal now charges non-residents a flat 7.5% transfer tax.

Browse all 24 reads

THE ONORA CLUB

Never miss a new article.

Join The Onora Club and get a note the moment a new article goes live, plus the quarterly online Onora magazine and member updates. Free, and open to everyone.

We will ask you to confirm by email. By joining you agree to receive The Onora Club letter from Onora Capital, about once a quarter. Unsubscribe any time.

Ownership & Tax · 7 September 2026

Portugal now charges non-residents a flat 7.5% transfer tax.

Since 25 May 2026 a buyer who is not tax-resident in Portugal pays one flat IMT rate, with no brackets and no exemptions. What it costs, and the two routes back to the old rates.

Onora Capital · 3 min read

Reading on the world’s property markets.

All articles

When the price is not in your currency.

The costs on top of the asking price, country by country.

Foreign buyers just took a record share of the Spanish market.

Never miss a new article.

Portugal now charges non-residents a flat 7.5% transfer tax.

Italy property taxes for investors: a factual guide

Greece property taxes for investors: a factual guide

France property taxes for investors: a factual guide