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The International Monetary Fund has advised Spanish Banks to consider limiting mortgage approvals as house prices continue to soar.

Valencia and the Canary Islands are considering introducing the Tourist Tax but the Mayor of Benidorm is adamant that holidaymakers there won’t be paying extra.

And Iberia is changing its ticketing rules – if people don’t turn up for an outbound flight their return ticket won’t be cancelled but they will have to pay a surcharge.

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