Termination of Co-Ownership, or Extinction of Condominium on Spanish properties

Termination of Co-Ownership in Spain: Extinction of Condominium   The Extinction of Condominium (EC), also known as Termination of Co-Ownership, is a legal mechanism in Spain that allows one co-owner of an indivisible asset (typically a property) to acquire full ownership by compensating the remaining co-owners. This type of transaction is common in cases of […]

Marriage system – Differences when buying in Spain

DIFFERENCES BETWEEN MARRIAGE IN COMMUNITY OR SEPARATION OF ASSETS IN SPAIN

It is the spouses themselves who have to opt for one of the three modalities in the matrimonial agreements. Community of assets is imposed in the event that the contracting parties have not opted for any, except in the case of the Valencian Community, the Balearic Islands o Catalonia, where the regime of separation of […]

Spanish mortgage- Embargo, Spanish repossession

tribunal with taxes and credit card

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 […]

Do I need to open a bank account when buying in Spain?

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 settle payments for utilities, local […]

Tax when buying plots for construction in Spain

SPANISH TAXES PAYABLE WHEN BUYING PLOTS OR LAND FOR CONSTRUCTION

 For the correct identification of the Spanish taxes derived from the purchase of a plot or land intended for construction, several factors must be taken into account: Tax status of the seller Tax status of the buyer Nature or urban classification of the land or plot Nature or urban classification of the construction   Table […]

Buying rustic land properties in Valencia Rustic land

This is a small presentation of our Purchase Legal Assistance service on properties placed in Valencia Rustic areas.  Valencia city is surrounded by spectacular mountains and countryside, with amazing views and nature. It is composed by local villages as:  Turís, Olocau, Montserrat, Villamarxant, Montroi, Casinos, Naquera, Andilla, Alberic, Estivella, Godella, and Lliria. If case you […]

Guide How to buy properties in Spain by regions

Guide How to buy properties in Spain PRACTICAL GUIDES ABOUT HOW TO BUY PROPERTIES IN DIFFERENT AREAS OF SPAIN Madrid Based on the experience and knowledge from our lawyers in Madrid transactions. Discover the tips about how to buy properties in Madrid, to sell  or to rent. Also, a comparison between why to chose Madrid […]

Militar Permit to buy rustic propertys in Spain for Non EU Citizens

fighter planes in the sky and MILITAR PERMIT TO BUY RUSTIC PROPERTIES IN SPAIN FOR NON EU NATIONALS

  Military Permit to Buy Rustic Properties in Spain for Non-EU Citizens Introduction If you are a non-EU citizen planning to purchase a rustic property in Spain, you may be required to obtain prior military authorization from the Spanish Ministry of Defence. This requirement, often unknown to foreign investors, can significantly delay or even block […]

How to buy properties in San Sebastian – Donosti

Table of Contents GETTING TO KNOW DONOSTI – SAN SEBASTIAN FOR FUTURE PROPERTY BUYERS AND REAL ESTATE INVESTORS The city of San Sebastian – Donosti Introduction  – Donosti’s origins Historically it is said that the settlement that gave rise to San Sebastián was the monastery of San Sebastián el Antiguo, as well as the castle […]