NOTES FROM THE ONORA DESK

The Onora Journal

Region reads, market notes and the occasional honest opinion. Factual, never advice.

Taxation · 4 June 2026

Italy property taxes for investors: a factual guide

Registration tax, IMU, the cedolare secca on rental income, capital gains and the (non-property) investor visa for international buyers in Italy. Factual, no advice.

Onora Capital · 3 min read

FROM THE ARCHIVE
Portugal property taxes for investors: a factual guide

Taxation · 4 June 2026

Portugal property taxes for investors: a factual guide

IMT, IMI, rental-income tax and capital gains for international buyers in Portugal — plus the end of the real-estate Golden Visa route. Factual, no advice.

Onora Capital · 2 min read

Spain property taxes for investors: a factual guide

Taxation · 4 June 2026

Spain property taxes for investors: a factual guide

Purchase taxes, annual property tax, rental-income tax and capital gains for international buyers in Spain — plus what changed for residency. Factual, no advice.

Onora Capital · 3 min read

Italy real-estate investment hotspots: where investors focus

Market Insights · 4 June 2026

Italy real-estate investment hotspots: where investors focus

Lake Como, Tuscany, Milan, Puglia and the Amalfi Coast — the Italian markets drawing international investors, with indicative yields and character.

Onora Capital · 2 min read

Greece real-estate investment hotspots: a region guide

Market Insights · 4 June 2026

Greece real-estate investment hotspots: a region guide

Athens, the Cyclades, the Ionian and more — where international investors are active in Greece, with indicative yields and market character.

Onora Capital · 2 min read

France real-estate investment hotspots: where to look

Market Insights · 4 June 2026

France real-estate investment hotspots: where to look

From the Côte d’Azur to Paris and the Alps — the French markets international investors focus on, with indicative yields and what drives each.

Onora Capital · 2 min read

Portugal real-estate investment hotspots: a region guide

Market Insights · 4 June 2026

Portugal real-estate investment hotspots: a region guide

Where international investors are buying in Portugal — Lisbon, the Algarve, Porto and beyond — with indicative yields and the character of each market.

Onora Capital · 2 min read

Spain real-estate investment hotspots: where investors are looking

Market Insights · 4 June 2026

Spain real-estate investment hotspots: where investors are looking

A region-by-region look at the Spanish markets drawing international real-estate investors — from the Costa del Sol to the Balearics — with indicative yields and what each area is known for.

Onora Capital · 2 min read

Why every Onora listing publishes its figures before it goes live.

Platform · 18 May 2026

Why every Onora listing publishes its figures before it goes live.

Most marketplaces let sellers decide which numbers to publish and which to keep for later. Onora flips that and explains why.

Onora Capital · 4 min read

How to read a listing figure: gross yield, net yield, cap rate.

Investor Education · 18 May 2026

How to read a listing figure: gross yield, net yield, cap rate.

Three of the most common figures on a real estate listing — and what each actually tells you before you request an introduction.

Onora Capital · 3 min read

Property as an asset class. Listed with the numbers attached.

Platform · 18 May 2026

Property as an asset class. Listed with the numbers attached.

Real estate has always been an investment, but most listings show floor plans and lifestyle photos before they show a single financial figure. Onora flips that order.

Onora Capital · 3 min read

Off-plan in Southern Europe — what we're watching in 2026

Market Insights · 12 May 2026

Off-plan in Southern Europe — what we're watching in 2026

Climate, residency programmes, infrastructure: a descriptive look at the factors shaping new-build inventory across Spain, Portugal, France and Greece this year.

Onora Capital · 2 min read

What 'curated' actually means at Onora

Platform · 12 May 2026

What 'curated' actually means at Onora

A transparency piece on the screening process — what every listing on the platform has been checked against, and what we deliberately don't do.

Onora Capital · 2 min read

What to Check Before Investing in a New-Build Development

Investor Education · 5 May 2026

What to Check Before Investing in a New-Build Development

Building permit, developer track record, financing structure, completion documents: the customary documentation list professional buyers and investors review for new-build.

Onora Capital Editorial · 4 min read

Spanish Real Estate Market: Key Facts for International Investors (Q4 2025)

Market Insights · 5 May 2026

Spanish Real Estate Market: Key Facts for International Investors (Q4 2025)

According to INE, Spanish house prices rose 12.9% year-on-year in Q4 2025. Foreign buyers accounted for 13.52% of registered transactions. A factual overview.

Onora Capital Editorial · 3 min read

Tax Implications of Foreign Property Ownership for Dutch Residents (2025)

Taxation · 5 May 2026

Tax Implications of Foreign Property Ownership for Dutch Residents (2025)

Foreign real estate falls under box 3 for Dutch residents. The Supreme Court ruling of 18 July 2025 changes the calculation of actual returns. An overview.

Onora Capital Editorial · 3 min read

Investing in Greek Real Estate: Market Overview and Regulations (2025)

Market Insights · 5 May 2026

Investing in Greek Real Estate: Market Overview and Regulations (2025)

Greece overhauled its Golden Visa programme in two waves in 2024. Thresholds now range from €250,000 to €800,000 by zone. A factual overview of market and regulation.

Onora Capital Editorial · 3 min read

European Real Estate Markets in 2025: Data and Trends

Market Insights · 5 May 2026

European Real Estate Markets in 2025: Data and Trends

Eurozone prices +5.1% YoY in Q4 2025, leaders Hungary, Portugal and Croatia. ECB holds rate at 2.00%. A factual overview of the European real estate market.

Onora Capital Editorial · 3 min read

Buying Property Abroad: A Due Diligence Checklist

Investor Education · 5 May 2026

Buying Property Abroad: A Due Diligence Checklist

Legal, financial, tax and technical: a neutral overview of the investigation steps international buyers customarily complete before closing a transaction.

Onora Capital Editorial · 3 min read

Property Taxes in Portugal: What Foreign Buyers Need to Know (2025)

Taxation · 5 May 2026

Property Taxes in Portugal: What Foreign Buyers Need to Know (2025)

IMT, IMI, stamp duty and AIMI — at a glance. Foreign buyers pay the same rates as Portuguese residents, with a few specific points around rentals and resident status.

Onora Capital Editorial · 3 min read

The Onora Letter

The Journal, condensed — off-market notes and region reads, every other Friday.

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