Archive for the ‘Property Matters’ Category

New Law Should Make Eviction Process Quicker

evict tenants spain

Check out the most complete guide available in English on Spanish Property Law. The Spanish government has introduced a new law that will overhaul certain aspects of the so-called ‘Express Eviction’ laws introduced in 2009 to speed-up the existing eviction process that saw non-paying tenants able to delay having to leave the property for well [...]

Notaries to Ensure Similar Guarantees on Foreclosed Properties as Judges

The National Council of Public Notaries in Spain has issued a circular to all practicing notaries to the effect that the new laws relating to foreclosures approved judicially should be extended to ‘extra-judicial’ foreclosures. The new rules have a number of effects, the most important perhaps being that the minimum value that may be attributed [...]

Spanish Mortgages that permit Dación en Pago

Two Spanish high street banks – Bankinter and Bankia – have confirmed that they are offering mortgages that contemplate the possibility that the borrower may default and the banks will therefore accept the property in full and complete satisfaction of the mortgage debt – in certain circumstances. In Spain, mortgage debts are normally a permanent [...]

Typical Errors When Renting a Property in Spain

Problems Renting in Spain

Many people choose to rent in Spain when they arrive rather than buying as they want to get an idea of the area before making a long term commitment. So it is a good idea to understand how the rental market in Spain works, as otherwise you could end-up spending a lot more than you [...]

Home Sales in Spain Fell 17.7% in 2011

Home Sales in Spain

The total number of home sales in Spain during 2011 fel by 17.7% to a total of 361,831. The fall represents a reversal of the upward trend noted in 2010 when sales rose 6.3% with respect to 2009. The annual figures mask a deteriorating tendency towards the end of the year when sales plunged to [...]

New Law to Make Eviction Process in Spain Faster

Check out the most complete guide available in English on Spanish Property Law. The Spanish government has introduced a new law that will overhaul certain aspects of the so-called ‘Express Eviction’ laws introduced in 2009 to speed-up the existing eviction process that saw non-paying tenants able to delay having to leave the property for well [...]

OCU Denounce Overcharging by Notaries and Registrars in Spain

cancellation of mortgage spain

Check out the most complete guide available in English on Spanish Property Law. The Spanish consumers association OCU (Organización de Consumidores y Usarios) has made a formal complaint on behalf of its members to the Spanish government and the attorney-general regarding the fees that are charged by notaries and registrars for the administration of the [...]

Will your Property in Spain make you liable for Wealth Tax?

wealth tax spain

Check out the most complete guide available in English on Spanish Property Law. Over the period of 1995 to 2007, the average price of property in Spain increased a massive 155%, falling only 22% since then. While this has meant either a windfall profit or an ever decreasing possibility of ever getting on the property [...]

Bid via Internet on Repossessed Properties in Spain

repossessed properties spain

Check out the most complete guide available in English on Spanish Property Law. The Spanish Government has launched a new initiative to help clear the backlog of excess properties built during the property bubble over the last number of years. The plan involves enabling internet access to auctions of Spanish properties that have been repossessed [...]

Spanish Property Tax Summary

Check out the most complete guide available in English on Spanish Property Law. The recent changes made by the Spanish government to the property sales tax make it a good time to review the taxes in Spain that relate to property transfers. While quite straightforward, the matter is complicated by the difference in treatment of [...]