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 […]
For years, the squatting movement, known as “okupa”, has known how to invade houses and take possession of them, taking advantage of the legal loopholes in Spain. The problem of squatting is growing in Spain, which is why the most conservative parties promise to implement express evictions within 24 hours, following the example of other […]
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 […]
Con todo lo que se está hablando sobre la nueva ley aprobada hoy, y resulta que este gobierno, pasa por alto el informe preceptivo del Consejo General del Poder Judicial, en el que se subrayan las competencias autonómicas en materia de vivienda.
Opening Fee on Mortgage Loans: Analysis of the CJEU Ruling of March 2023 The origination fee for mortgage loans has been the subject of numerous judgments handed down by the Courts of Justice in recent years. However, different interpretations gave rise to an oscillating jurisprudence, which led to several preliminary rulings being referred to the […]
Fixed, mixed or variable mortgage: Which is the best option for you? Choosing the right mortgage to buy a house is an important decision. In this article, we will help you choose the best option by comparing between the different types of mortgages: fixed, variable and mixed, so you can see which of all of […]
A few days ago a client asked me the following question: I am going to buy a house that is 50 years old and in a regular state, with the purpose of reforming it. The value of the property on the market is lower than the cadastral reference value, for what value do I have […]
The Euribor, the indicator to which most variable mortgages in Spain are referenced, will close October with the highest monthly average since December 2008, standing at 2.626%. This increase is the tenth consecutive month and is due, among other things, to the new interest rate hikes by the European Central Bank (ECB), which took the […]
