Spanish Tax office will force Banks to inform about fiscal information from clients We have been informing for long time to friends and clients that the Spanish Tax office was being increasing to control fiscal and finance situation of citizens in Spain. A high number of our foreign clients have
Prospects for the real estate market of the year 2018. 2017 was a good year for the real estate market. We are witnessing price increases, increase of new construction and buildings, and growth of the number of new mortgages (favoured by of low interest rates – mortgages). Construction sector has
There is a popular misconception regarding the process of cancelation of Spanish mortgages. In general is understood that when the current mortgage amount is paid, then the debt is canceled. And this is true. But, owners of Spanish properties should remember that, when they bought their properties, and part of
In Spain, unlike other countries, the sale of personal furniture between particulars pays taxes. There is widespread confusion in the real estate purchase system in Spain where it is believed that the sale of furniture between particulars does not pay taxes. That is why, sometimes, we fall into the mistake of separating the
“Castalla Internacional” is an urbanisation built in Castalla, Alicante It was built in the years 2000-2005 where the main aspect to consider is that the urbanisation infrastructure has not been completed. This urbanization was divided in 2 Phases: Phase I : Which was practically completed in all the urbanisation infrastructure, and from
One of the most important points when buying a property in Spain is to open a bank account in Spain. Is this obligatory?. Before or later, is necessary to open a bank account in Spain if you decided to purchase a Spanish property. It will help you to pay and
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