Green electricity allows more ecosystem-conscious consumers to use electricity obtained from natural resources. What do we mean by green electricity? Green energy, also known as renewable energy or clean energy, is energy produced from 100% renewable sources. It is generated and fed into the electricity grid, where it is difficult to distinguish it from non-renewable […]
Mortgage loans are not the only major expense involved in buying a home. In fact, in order to formalise the deal and become the owner of the property, there are many expenses and taxes to be faced. Between the valuation of the house, the notary, the registry and the corresponding taxes (VAT, ITP…), depending on […]
Compared to previous years, the price of electricity in 2021 will change, so its cost will be slightly revised. These new versions were scheduled to be launched in November 2020, but due to the crisis caused by the coronavirus, they will be postponed until 1 April this year. This new electricity bill will not have […]
If you are buying a property in Spain from a person resident abroad, before going to the notary’s office, you should know that the taxes that correspond to the seller in this transfer, will have to be paid by you to the Public Treasury. For that reason you will have to withhold 3% of the […]
Another very interesting ruling is given by the European High Court on 16 July 2020. In the judgment with joined cases C-224/19, C-259/19, it rules on the payment of mortgage costs (derived from the formalization of mortgage loans, such as notary, registration, agency, appraisal and taxes) arising from the declaration as abusive of a clause […]
The government has decided to extend the package of social measures it has already decreed in the midst of the coronavirus scare. These include extending the deadlines for applying for a moratorium on the payment of mortgages and rent to large landowners until the end of September. In addition, rental contracts that have expired during […]
The European Court of Justice has ruled that IRPH index for mortgages may be abusive. The European Court of Justice (TEU) ruled today, Tuesday 3 March 2020, that the clause in a mortgage loan contract concluded between a consumer and a professional, with the controversial mortgage index (IRPH), “falls within the scope of the Unfair […]
When we decide to buy a property, the mortgage becomes an essential procedure in most cases. For which at least, we must have 20% of the capital saved, as mortgage lenders do not reach more than 90% of the appraisal value. One of the most important variables to determine the price of the mortgage of […]
The Plusvalia Tax, is the tax that is paid when a house is sold with profits, it is annulled, if the amount exceeds the profit by the sale of the good. The Constitutional Court has just declared the collection of this tax unconstitutional in those cases in which the amount payable by the taxpayer is […]
The market for second homes in Spain continues to grow this summer with a notable increase in both local and foreign demand. In this sense, 70% of second homes in Spain are located in coastal areas, both on the peninsular coast and in the archipelagos of the Balearic and Canary Islands. The areas of greatest […]
