Spain will shortly use 'blockchain' approach to register properties for Holiday Rentals There is a new service launched by The Association of Registrars of Spain (CRE) to register properties for holiday rentals. The structure of the service is based on a 'blockchain' approach and the actual platform is called REGTURI. With this new system, the [...]
This article looks at the latest update relating to the regularization of illegal properties in Andalucía The real estate boom together with the increasing price of a property in the years prior to the recession in coastal areas in Andalucía, gave rise to a high demand of properties in the countryside. A lot of them [...]
On Monday 17th June 2019, a new Mortgage Act (Law 5/2019 of 15th of March) came into force in Spain With the introduction of the new mortgage act, it has raised a few questions, this article aims to address most questions people may have in relation to the change. 1) To which mortgage loans is [...]
Contingency Regulations in Spain for BREXIT in case of No Deal The withdrawal process of the United Kingdom (BREXIT) commenced following the referendum held on 23rd June 2016 and the subsequent notification to the European Council on 29 March 2017. Which means they should leave the UE on 29th of March 2019. At present there [...]
These are the latest changes introduced in the Urban Letting Act, 1994 by Royal Decree 7-2019 passed by the Spanish Cabinet which is pending ratification by the Parliament. LATEST CHANGES RE REGISTRATION OF THE RENTAL CONTRACT IN THE LAND REGISTRY. It is not longer required to register the contract in the Land Registry in order for [...]
Government moves fast to force Banks to pay mortgage tax after tax ruling A most unusual event has happened by the Government; a Royal decree has been passed after the Supreme Court said the client should pay the tax. The government has responded fast after the Supreme Court controversially ruled this month that customers must [...]
The acronym AFO – Asimilado Fuera de ordenación – has now become a part of the selling process for rural properties. But why has this come about? Well the AFO by means of an administrative certificate confirms the legal status of the property as officially recognised out of planning. This means that although the construction of the [...]
You have a house in an urbanisation, and your neighbour, to have more air and light, has decided to put in a window in the wall of their house, a short distance from your land ... Can they do that? How should you act as now your privacy is compromised? The window - By putting [...]
As Lawyers we are very pleased to see the new sentence that has been passed relating to traffic fines, as reported in Málaga hoy the 12th February 2018. Much of our work is in dealing with such cases and to date we have had a 100% success rate and the reason being is stated below. [...]
Do I Buy a Reformed Property or an Unreformed Property? You are looking for a second residence, and are torn between a property that needs renovation and another more expensive property but that is already renovated. Buying the Property - Well, if the total amount you are going to pay for both properties is the [...]