Real Estate Tax (IBI) is a tax charge levied on the owners of real estate and is due on 1 January of each year. In the context of a real estate sale and purchase, the question arises as to who must pay the IBI for the current year: the seller, as the owner at the […]
When we acquire a property or premises, it is common that, due to its condition, personal preferences or family needs, it is necessary to carry out works that, in many cases, imply a complete or partial renovation of the property. It is essential to remember that when we buy our property, we also acquire a […]
The new ICO guarantees, approved by the Government, constitute a line of financing of 2,500 million euros aimed at the purchase of the first home for young people under 35 years of age and families with dependent minors. This government initiative seeks to offer a concrete solution to a complex problem that requires specific instruments […]
Closing the Deal Once you have selected your future home, the closing process involves the signing of several contracts as it progresses: -Earnest money contract: This act represents the reservation of the home and requires a down payment. Failure to comply carries penalties for both parties and establishes deadlines and forms of payment to complete […]
Is the housing price overvalued in Europe? The technical services of the European Commission have just provided the answer in their recent report, and it’s clear: yes, it is. This applies not only to Spain but to two-thirds of the countries in the European Union, where prices don’t align with income levels. However, there are […]
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 […]
Steps to be followed by foreigners to purchase a property in Spain Foreign citizens must follow a series of steps to complete the process of buying a property in Spain, from hiring an expert to obtaining a Foreigner Identification Number (NIE) and opening a bank account in Spanish territory. Engage a professional to provide assistance […]
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 […]
