Condominium extinguishment of a family home is a complex process that can have significant legal and financial implications for the owners involved. In the following, we will explore this process in detail, including the legal requirements and tax implications it may have. In Spain, the condominium of the family home is one of the most common forms of shared ownership.…
To begin with, we will explain what the term IRPH means. Basically, the acronym stands for Índice de Referencia de Préstamos Hipotecarios. This clause deals with how to acquire a house for a term of three years or more. These loans are currently supervised by the Bank of Spain. This mortgage is calculated based on the estimated interest rates that…
Deed of a house If you’ve ever needed a deed to a house, you’ve probably wondered how much it might cost. After all, this document is fundamental in the purchase and sale of real estate. However, many people are unaware that an outlay must be made for the drafting of the same. How important is the deed to a house?…
Have you just inherited a property and don’t know if it is possible to contract for electricity between several owners? Don’t worry. In this article, we will clarify some of the doubts you may have in this type of situation. Is it necessary to register the electricity before contracting electricity with a new owner? You may think that contracting…
Are you interested in buying a home? If so, there are several things to consider to ensure that your purchase is completely satisfactory. Housing has a mortgage burden One of the most important is, without a doubt, to make sure that the property in question is free of encumbrances, especially mortgage encumbrances. This type of encumbrances can make the property…
Nowadays, you can find some real estate advertising brochures that are not really true. They usually bring some differences with what actually has the house that will be delivered, becoming a false advertising. Many of the developers usually have excuses for these differences, which are usually noticed when the property is delivered. They usually mention before a Supreme Court that…
Processing an inheritance step by step Losing a family member or loved one is a painful event. In general, we feel frustrated and distressed and the least we want to do is to take care of legal procedures, for example, to process an inheritance. It is common to feel blocked in the face of such a painful situation. It is…
With the completion of a real estate project, it is essential to present the Final Construction Certificate verifying compliance with the regulations. To make sure you comply with all that is requested, it is necessary that you know its characteristics and who must sign it. Avoid inconveniences in your damage expiration deadlines and other procedures that depend on the date…
According to data from the National Statistics Office (INE), housing rental prices in Spain fell in 2020 for the first time in four years. The pandemic and its changes in the rental market explain this behavior, which has continued in the first half of this year. However, June data showed a slight increase in this indicator compared to the data…
Rental property owners Four out of ten owners consider the current rental supply to be sufficient. The owner’s profile has an average age of 54 years, higher education, an average income of 42 thousand euros gross per year, and the vast majority of them have individual accommodation to rent to a third party. The concerns of rental property owners are…