Payment of purchase price to notary account in Spain. Is this possible?
The Evolving Practices of Payment in Spanish Real Estate Transactions From Traditional Methods to Modern Adaptations For many years, and even decades, a specific form of payment has been prevalent in the Spanish real estate market, particularly in the purchase and sale of properties. This traditional method typically involved two main stages of payment: 1. […]
Tips to buy and invest in real estate in Spain
WHERE FUNDS? INTENTION RUNNING EXPENSES FISCAL REP TAX TAX CONCEPT TAX BASE DEDUCTIONS TAX RETENTIONS RATE MODEL TIME VAT RENT? PHYSICAL PERSON (NIE) Private funds To use it individually/family Low Spanish address IRPFNR IMPUTED TAX 2 % Cat. NO NO 19% (24 % Non EU) 210 ANNUALLY Bank loan To rent season/permanent Moderate Spanish address […]
Buying a house in Spain with mortgage- Power of attorney?
For many years now we have been experiencing a series of legislative reforms, and essential changes in the way in which the process of obtaining mortgages in Spain has been developing historically. Spanish banks have been subjected to great stress when it comes to legally confirming the positions and conditions in which they have been […]
Hidden defects on Spanish properties. Claim rights for buyers. Legal procedures
Legal Responsibilities for Property Defects in Spain: Your Rights as a Buyer One of the most common concerns during the purchase or sale of a property in Spain is the possibility of discovering construction defects after the transaction has been completed. Whether buying a new home or a resale property, buyers have legal rights, […]
New Law for Housing in Spain – Certificate of habitation obligatory
Table of Contents Law 12/2023, of May 24, for the right to housing (Ley para el Derecho de acceso a la Vivienda). Comprehensive Overview of Law 12/2023: The Right to Housing in Spain Law 12/2023, of May 24, for the Right to Housing (Ley para el Derecho de Acceso a la Vivienda), Click here to […]
New Legal Scenario When Buying a House in Spain: Certificate of Habitation Now Obligatory in Spanish Resales
Law 12/2023, of May 24, para el derecho de la Vivienda . Click here to see the law Enhanced Overview of the New Property Transaction Law This law marks a significant advancement in the protection of the rights of buyers and tenants of residential properties by imposing stricter obligations on builders, property owners, and real […]
Why using a lawyer when buying a house in Spain?
Why should you use a lawyer in the process of buying a property in Spain ?. Notary and lawyer/solicitor in the process of buying properties in Spain. The Spanish buying process is very similar to other countries. Foreign investors in the Spanish system will find many similarities with their home countries. But, however, also we […]
Rent with Option To Buy Contract (RTB)
Regarding the real estate residential market, that is, the purchase and sale of first/permanent residence, we were talking about the “latent demand” that exists in Spain with respect to those foreigners from other countries, who wish to come to Spain to live on permanent basis. A fact that has been constant for the last two […]
10 tips when buying a house in Spain – Prospection trip
Are you in the process of coming to Spain (Valencia, Alicante, Murcia Almeria, Malaga…) to visit properties to buy ?. What do you have to do? In relation to your future purchase in Spain, let us inform you with the steps to follow and share with you some information that can help you in the […]
Property not sold- Who pays agent’s commission?
There is a popular misconception on the agent’s commissions on Spanish property sales. It is understood that agents collect their commissions only on completion, and when the sale has been successfully completed. But, what’s the real position of the agents by the Spanish laws? AN EXAMPLE: When the buyer pull out the sale without “reasonable […]