Responsibility of the construction agents to the landowners and the usersArticle 17.1 in the Law of Construction Planning, “Responsibilities and guarantees,” regulates the civil responsibility of the agents involved in the construction process as well as the deadlines for dealing with them.Read more
Financing the acquisition of real estate in SpainIn Spain, banks usually finance real estate acquisitions through mortgages as well as other services. Borrowers run the risk of finding the liability for fees incurred by the appraisal of the property, notarisation of the mortgage and entry into the land registry shifted onto them.Read more
The forward purchase contract VS the forward funding contract in SpainForward purchase and forward funding contracts are particular kinds of contracts that perfectly meet the characteristics of a sales contract of a future good. These are two types of bilateral sales contracts of a future building concluded between an owner builder seller and an investor buyer. These contracts are often used in large real estate transactions.Read more
The sale of property under construction, an alternative to the crisisBefore the economic and financial crisis, the Spanish real estate and construction sectors constituted one of the pillars of the country’s economy and real estate promoters used to benefit from the support of national banks. Because of the crisis, the real estate market has sharply declined. Real estate promoters had to find alternative funding sources.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
