ENGLISH BLOG

THE MORTGAGE ACT REFORM

URGENT NEWSFLASH SOME ASPECTS OF THE MORTGAGE ACT REFORM (Act 1/2013) – It introduces increased protection measures for “habitual residences”, particularly where especially vulnerable groups and persons in risk of social exclusion are involved. – The “habitual residence” status will have to be reflected in the new mortgage deeds. – The maximum interest rate on […]

EXPEDITING VISAS AND RESIDENCY PERMITS FOR FOREIGNERS IN SPAIN

The Spanish Government will promote an expedited process for issuing visas to foreigners, granting residency permits to those foreigners who decide to invest in Spain and contribute to the creation of employment. It was thus resolved by the Spanish Council of Ministers on 26th April, 2013 within the framework of the approval of the National […]

WHO HOLDS MY MORTGAGE?

MY BANK HAS SOLD MY MORTGAGE                       WITHOUT MY KNOWLEDGE!  ASSIGNMENT BY THE BANK OF YOUR MORTGAGE LOAN TO ANOTHER BANK OR  COMPANY. Some of our clients have been paying the monthly instalments of their mortgage in the same way they always had, i.e. by […]

A REQUISITE FOR SELLING PROPERTIES

MANDATORY ENERGY EFFICIENCY CERTIFICATE FOR PROPERTIES RENTED OUT OR SOLD AS  FROM 1st JUNE, 2013.  The obligation to show to any person wishing to rent or buy a building or dwelling the document called “ENERGY EFFICIENCY CERTIFICATE” will come into force on 1st June 2013. In the event that the lease or conveyance of the […]

FOREIGNERS’ INHERITANCE IN SPAIN: FALSE MYTHS AND PLATITUDES (I)

One of the legal matters that has changed the least in Spain over the past decades is that concerning inheritance, even more so in the case of the Spanish rules of international private law regarding the law applicable to the inheritance of foreigners owning property in Spain. Despite this, the false myths and platitudes commonly […]

Reduction in property tax in the town of Estepona (Málaga)

Estepona Council has approved an important 60% reduction in the municipal tax on capital appreciation of real property (Plusvalía) which is payable on the transfer of dwellings and other real property regardless of whether such a transfer generates a profit or a loss. The Council has further agreed to reduce the I.B.I. (Local Rates) Tax […]

Investments Bank Morgan Stanley: Spain may in a few years’ time become the “new Germany of the Euro zone»

The prestigious Investments Bank Morgan Stanley has issued a press release stating that Spain may in a few years’ time become the “new Germany of the Euro zone” based on the reduction in labour costs, the reforms introduced by the Government and the improvement in exports. The President of the European Central Bank Mario Draghi […]

MR. Juan Gil (Club Meliá) has been elected President of A.N.E.T.C- – RDO-SPAIN

On the 18th January last Mr Juan Gil, Managing Director of Club Meliá in Spain, was unanimously elected President of the National Timeshare Association – Asociación Nacional de Tiempo Compartido (ANETC) – , which is the Spanish Chapter of the European Entrepreneurial Association RDO.- He was proposed for the position by Mr Francisco J. Lizarza, […]