Ten Years Insurance on Spanish properties
(Seguro Decenal) When you buy off-plan from a builder or developer, or you, by yourself, build new property, the builder or developer, together with the architect, must guaranty you that the essential and most important parts of the construction will be secure at least for ten years, following the Spanish laws. In order to confirm this […]
Spanish mortgage- Embargo, Spanish repossession
When there are monthly payments on arrears, usually, there the Spanish banks give 2 solutions to execute an unpaid mortgage: 1.- Public Auction – Embargo Once a determinate number of non-paid monthly mortgage payments occur, the bank sue the property in the Courts, and open a seizure process. In this moment, the costs of the […]
Increase of previous years Council Tax (IBI) for undeclared constructions
When you own a property in Spain, it’s crucial to ensure that all constructions, including any extensions or modifications, are properly declared to the Cadastre (Catastro), the official register of property for tax purposes. Failing to do so can lead to unexpected tax adjustments and financial liabilities, particularly when you decide to sell the property. […]
Legalization of constructions-extensions-update deeds
[vc_row][vc_column][vc_column_text]It is really common in practice that owners of properties, after acquisition, have made new buildings on their properties, or new extensions. For example, a pool, a garage, an outside kitchen or toilette, or a second floor. When this happens, it is necessary to legalize these constructions with a two main actions: Updating deeds, and registering […]
Inspections on banks for property owners by Spanish Tax Office
The Spanish Tax Office, known as the “Agencia Tributaria” (or simply Hacienda), has significantly ramped up efforts to monitor and control the financial activities of individuals and businesses within Spain. This enhanced scrutiny is part of a broader strategy to combat tax evasion and ensure that all residents, including foreign nationals living in Spain, are […]
Horizontal division – Spanish Illegal Urbanisations
Horizontal Division in Spanish Urbanisations What Is Horizontal Division? Horizontal Division (“División Horizontal” in Spanish) refers to a legal structure in which different properties—such as houses, villas, or apartments—share ownership of the land on which they are built. This model is frequently used in urbanisations and residential developments throughout Spain. In this framework, each […]
Inspections on properties older than 50 years in Spain
Technical Inspections for Buildings Over 50 Years Old in Spain What foreign buyers and property owners must know to comply with Spanish law Why Building Maintenance Is a Legal Obligation in Spain All EU countries, including Spain, require property owners to maintain their buildings and plots in a safe, healthy, and structurally sound condition. […]