One of the documents that you may need to buy a property and get a mortgage is the property registry certification, which is usually a certificate of ownership and encumbrances.
This article explains what registry certification you will need for your real estate transactions, how much it costs and
It is very common for an owner to sell a property and receive all or most of the money but not hand it over to the buyer until after a certain amount of time (either because they need time to buy another property with the money obtained from the sale or because the previously purchased property has
Having a squatter in your home is a real headache. Not being able to use or rent it, or simply not knowing what state it is in are just some of the complications involved in this situation. A situation that more and more people decide to solve by putting their property up for sale.
When you decide to buy a house, you must remember that, apart from the price agreed with the seller, you will also have to pay a series of taxes associated with the transaction. When buying a used home, the most notable tax is the Property Transfer Tax (ITP by its acronym in Spanish).
Spain's new Housing Law is dominating real estate conversations across the country and beyond. At the recent real estate fair Sima, the vast majority of the speakers were opposed to the implementation of this law.
My professional experience is that most foreigners are completely unaware of the legal procedure involved on gifting property in Spain. To that end, I’ve written today’s post.
Gifting property arises when: Joint owners (i.e.
The residential sector was more dynamic than expected during 2022, especially the first half of the year. However, rising borrowing costs have led to a slowdown in the market and reduced the pace of housing growth, according to the latest figures from the consultancy firm CBRE.
The CEO of Bankinter, María Dolores Dancausa, has stated that she is against market intervention in general, "whether real estate or any other type", as, in her opinion, "it produces distortions", such as the measure to limit the price of rent included in Spain's Housing Law.
For Dancausa, int
On buying property in Spain, you should be mindful the title is clean. It is fairly common the previous owner is in arrears. In Spain, debts follow the property not the debtor. Meaning, when you take over the ownership, you also take on all the existing debts from the previous owner.
The Spanish real estate agency Solvia forecasts that house prices in Spain will continue their upward trend in 2023, although with a moderating trend that will lead to end the year with rises of between 1.5% and 2.5%.
With the arrival of spring, Spain's islands and coasts are regaining their tourist appeal, which means a boost for housing transactions. But what can we expect for this year, marked by uncertainty?
When talking about mortgages in Spain, an early repayment charge is a penalty paid by the customer when they repay part of the mortgage. It can put some people off making mortgage repayments. However, it is a small cost that usually allows us to save a lot of money in the long term.
Knowing a property's value is essential when you are ready to buy a home. However, there is not just one value to consider, but two (or even three if the final purchase value is taken into account). The most relevant are the rateable value and the market value.
Finding your dream home in Spain is a tricky business. And when you find it, the problem is that you may coincide with another buyer who is also keen to get their hands on the property.
There can be many reasons why a couple decides to divorce and there are many things to consider during the process, including what to do with the family home.
How long does it take to sell a house in Spain in 2023? According to a recent study published by idealista, 20% of the properties sold through idealista in December 2022 had not only been on the market for a week.
Will property prices fall in Spain in 2023? This is likely to be the case, as house prices in Spain and in most of Europe will experience a correction during 2023 and in some countries also in 2024.
Mortgage interest rates are on the rise, but in spite of this, many people are still choosing to buy property in Spain, as prices start to stabilise going into 2023. If you're renting and you want to own a property then the process is relatively simple.
The housing market in Spain continues to remain stable despite the turmoil in world economics, and many people are still choosing Spain as a destination to invest in property, especially in pre-owned housing. One trend that is also making a name for itself nowadays in the Spanish property marke