Law 2/2015 replaces the method of updating the rent of urban leases in Spain, the IPC, with the Warranty Competitiveness Index (IGC). This modification has affected various articles of the Urban Leasing Act in Spain.
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Real estate is an interesting possibility to invest in Spain due to the drop on property prices; it is nevertheless advisable to consult a qualified legal adviser to guarantee your investment.
On 1 April 2015, new legislation came into force in Spain requiring landlords and tenants to write down revisions to the rent. If not specified otherwise, the new Competitiveness Warranty Index (IGC) will replace the current CPI index as the default revision.
More and more non-resident foreign nationals, attracted by the good economic climate, decide to buy a property in Spain. The drop in real estate prices has increased the number of investors.
Spain is one of the countries with the largest economic growth in the short run. Its strong economic sectors and increasingly strong international focus places this country as one of the leading countries for the development of investment and internationalisation.
More than one reason makes Spain one of the most strategic countries to invest in Europe: fiscal incentives, second most spoken language in the world, unique real estate opportunities. This presentation shows investors the key points and advantages.
These simple steps will permit the secure purchase of a property in Spain: verify the ownership of the property, sign a contract with a reserve, protect your purchase by public writing and pay the correspondent taxes depending on whether you’re buying a new property or are acquiring a second-hand one.
The judgment of the European Court of Justice of March 14, 2013 declared that the measures in Spain that regulate foreclosure proceedings for default of a mortgage are contrary to the European legislation on consumer protection.
Act 14/2013 on Support to Entrepreneurs and Internationalization (the Act) became effective on September 28, 2013. The Act gives foreign investors the opportunity to live in Spain. Obtaining this residence permit is very advantageous for non-European citizens, and this permit allows them to circulate freely in Member States of the Schengen Area for three months […]
The rate of foreign investment in the Spanish real estate sector has grown by 1,4% in 2013 compared to 2012. Moreover, at the same time, the value of Spanish property decreased by 9,46% from the price recorded in 2012. Spain attracts foreign investors who can obtain legal residence and permission to work within Spanish territory by purchasing the property.