The current housing situation in Spain is simply shameful. For the first time since official records began, the average price per square meter of subsidized housing exceeds €1,170 across the country. And what is most scandalous is that in eleven provinces, this type of supposedly affordable housing is even more expensive than private housing. What […]
Buying a home is one of the most important financial decisions in anyone’s life. One of the first questions that arises when starting this process is: ‘What mortgage can I afford? Answering this question is fundamental to avoid an excessive financial burden and to ensure long-term financial stability. From our team of mortgage advisors, we […]
Acquiring a property represents a decision of enormous importance in any person’s life. It involves a significant change and, at the same time, a considerable investment. It is therefore essential to ensure that all details are well considered. Approaching the purchase of a new-build home in an optimal way requires several essential steps. It is […]
I am pleased to inform you about recent news that positively affects foreigners investing in property in Spain. The Directorate General of Taxes has reconsidered its position with regard to wealth and wealth taxes for non-residents who have investments in the Spanish property market, either directly (through the purchase of assets) or indirectly (through shareholdings […]
For many people, the acquisition of a home represents one of the most crucial goals in their lives. This action provides a significant sense of security. However, it is often necessary to apply for a bank mortgage to carry out this transaction. Although the bank charges interest, it may also have decided that we bear […]
The Organization of Consumers and Users (OCU) has expressed its concern about the Housing Act of 2023. Despite being enacted as legislation intended to regulate contractual relations between landlords and tenants for social benefit, the OCU considers that, as far as rental payments are concerned, it establishes measures that can be considered “discriminatory”. The OCU […]
The Supreme Court recently issued a ruling, confirming the limitation of effects contained in the Constitutional Court ruling number 182/2021 (STC 182/2021). This limitation implies that those who did not claim before 26-10-2021, the date on which the ruling was issued, will not be able to recover the municipal capital gains tax unduly paid due […]
The Court of Justice of the European Union (CJEU) could annul approximately one million mortgages referenced to the IRPH index, which would imply the return of 25,000 million euros. This week is the last chance for more than one million Spanish households seeking to recover the money overcharged by banks for using the IRPH index […]
Subprime mortgages are declining: banks are becoming more cautious and demand from buyers with no savings is disappearing. Today, only 44% of homes are purchased through mortgages, and the average loan-to-value (LTV) ratio has fallen to levels similar to 2019. Mortgages exceeding 80% of the value of the property have reached historic lows. Rising interest […]
The Euribor has experienced an unstoppable rise since January 2022, reaching a rate of 3.647% in March 2023. This rise exceeds previous rises, which represents a burden for variable-rate mortgagors. Since its creation, the Euribor has undergone three periods of rises, the current one being the highest. It is difficult to make forecasts about the […]
