Why investing in Spain?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.Read more
Practical Aspects of the Purchase of Property in SpainThese 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.Read more
Foreclosure Procedures in Spain are Contrary to European Union LawThe 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.Read more
Renting: Another Option for Investment for Foreign Nationals in SpainAct 14/2013 on Support to Entrepreneurs and Internationalization (the Act) became effective on September 28, 2013. The Act allows foreign investors to live in Spain. Obtaining this residence permit is …Read more
2013 was the Year of Foreign Investment in SpainThe 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.Read more
A Single Market for Mortgage Loans for Real Estate ContractsOn January 28, 2014, a majority of the members of the Council of the European Union adopted a Directive to grant more protection to persons participating in mortgage loan proceedings. …Read more
Withdrawal of the lease agreement in SpainThe approval of the 4/2013 Act of June 4, on the relaxation and promotion of the housing rental market measures, amended Article 11 of the Urban Lease Act. According to …Read more
Recovery of the Investment in the Real Estate in SpainFavourable conditions to invest in the real estate market in Spain are the strategy to promote foreign investment. The Spanish Government encourages foreign executives to reside in Spain, which has resulted in an increase of investments in non-residential property in Spain.In 2013, this increase in investments reached 2,000 million Euros.Read more
Property purchase in Spain, an option for the spanish residence permitThanks to the new Spanish Internationalization and Entrepreneur Support Act 14/2013,, foreign investors and their family members may obtain a specific residence permit, which allows them to work and live in Spain. Foreign investors are mostly interested in purchasing real estate properties due to the current favourable conditions for this type of investment.Read more
The role of the notary public during the purchasing of Real Estate in SpainThe notary plays an important role in the purchasing of real estate property in Spain. The notary deed has access to the Land Registry, which grants legal protection to the owner of the property against third parties. Moreover, the notary validates the legal capacities and identities of the parties, which is another legal protection that the Spanish legal system provides.Read more
