How European regulation affects foreign resident’s Spanish Wills

image

The following article has been kindly supplied by Raymundo Larraín Nesbitt who I hope will become a regular legal contributor to my blog. Here we will be looking at the legal consequences that European Regulation 650/2012 is going to have on foreign resident’s Spanish Wills.

More..

Spanish Economy forecast to grow

graph1

Spain’s economic growth is set to pick up as domestic demand benefits from an improving labour market, easier financing conditions, greater confidence and lower oil prices. Net exports, by contrast, are expected to dampen growth, although this effect will gradually diminish this year and next, as Spain’s competitiveness improves. At the same time, the government deficit should continue to narrow. More..

Interanual drop in property prices for January

balancing

The average price of a built property (whether new or used) fell 2.7% in January compared with the same month of 2014, according to the latest report by Spanish appraisal company TINSA More..

Light at the end of the tunnel for the Spanish property market?

graph

This year could be the year where all indicators on the health of the property market emerge from the red.

More..

Andalucia gets ambitious at FITUR

fitur

More..

Spain records best perfomance since 2008

Eurozone’s fourth largest economy defies deflationary threat to record its best performance since 2008

spain
More..

Foreign buyers returning to Spanish property

In the third quarter Spanish property purchases by foreigners stood at 13.10% of the total, a new record, according to the ‘colegio de registradores’, which has you can imaging is being seen as a very positive sign that we all hope will continue. The British appear to be the largest group of foreign buyers, making up 18% of the total, followed by French, Russians and Germans.
More..

Kick-starting southern Europe

“MONEY is pouring in from everywhere,” said Emilio Botín, chairman of Santander, Spain’s largest bank, late in 2013. Others in southern Europe might say the same as they stumble over representatives of foreign-investment firms legging it round office blocks and down-at-heel plants looking for the deal of the century. More..

Spanish property sales up 11.1%

abril

More..

Foreign investments acquire 100 million euro portfolio from Spanish bad bank

H.I.G. Capital Announces the Acquisition of the First Property Portfolio Sale by Sareb
• The transaction values the portfolio at €100m.
• The portfolio comprises close to one thousand homes, primarily located in the community of Valencia, Andalusia, Murcia, the Canary Islands and Madrid.
More..

The Energy Performance Certificates explained

As has been reported on a range of property news sites, Spain recently approved Royal Decree 235/2013. From the 1st of June if you intend to rent or sell your property you will require an energy rating certificate.

According to the legislation the energy rating certification will need to be present on all advertisements, offers and promotions relating to the sale or rental of any property.
Royal Decree (in Spanish)
More..

Spain, UK, France, Germany and Italy sign tax deal

An information exchange agreement has been singed by the finance ministers of Spain, France, Germany, UK and Italy in the latest effort to crack down on tax evasion. More..

Declare overseas assets, warns Hacienda

In a little over a week’s time anyone who lives in Spain for more than 183 days per tax year – and is, therefore, almost always categorised as being a ‘tax resident of Spain’ – and who has overseas assets worth more than 50,000 euros in any single asset class, should have declared them to the Spanish tax authorities. More..

Informing the taxman about assets held abroad

If you have a bank account, property, shares or bonds abroad worth more than 50,000 euros for each category of asset, then you have only about a week left to declare these assets to the taxman. Failure to do so on time could mean facing a hefty fine. More..

Andalusia may embargo some family homes subject to eviction orders

The Andalusian government on Tuesday approved a decree under which in the most extreme cases the homes of the most needy families subject to eviction proceedings initiated by banks will be embargoed by the region for a maximum of three years.

The Andalusian commissioner responsible for public works and housing, Elena Cortés, said the government also plans to impose fines of up to 9,000 euros on banks and real estate companies that leave empty homes that are fit to live in. More..