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I) OBJECT, DURATION AND RENEWAL This new system visa allows you to enter and reside in Spain for a period of 2 years. This visa allows to circulate freely and without restrictions in the ‘Schengen Area’ (Spain, France, Germany, Austria, Belgium, Denmark, Estonia, Finland, Greece, Hungary, Iceland, Italy, Latvia, Lithuania, Czech Republic, Liechtenstein, Luxemburg, Malta, Netherlands, Norway, Poland, Portugal, Slovenia, Slovakia, Sweden and Switzerland). Together with the investor, his/her family can also benefit: spouse and children under 18 years of age or of legal age but economically dependent. According to the Article 67 the initial authorization of residence for investors will last two years (subject to the provisions of Article 66.3 for property purchases normalization). Once this time period has expired, those foreign investors wishing to reside in Spain for a longer period of time may apply for the renewal of the residence permit for successive five-years periods, providing the conditions generated the right are maintained. The granting of a "Authorizaton of Residence" (Golden Visa) for investors constitutes title enough to live and work in Spain during its term. II) PROCEDURE In accordance with the Law 14/2013, holders of a temporary visa or residance permit that are legally in Spain…
What Does “Buying Off-Plan” Mean? Buying off-plan property means purchasing property – typically an apartment or villa – in advance of its completion. Off-plan property is typically sold prior to construction beginning at a significant discount (between 15% to 40%), often with a small deposit requirement (around € 6.000). Advantages of Buying Off-Plan Properties in Spain Real estate prices in Marbella and the rest of the Costa del Sol are rising steadily, and although there’s no guarantee that a home or apartment worth € 300,000 will be worth € 420,000 next year, residential property in Marbella has shown itself to be a safe asset class. Buying off-plan lets you purchase property at a price that could be below its future market value and the principle has become a commonplace method of sale across the country; although Marbella and surroundings , due to the exclusivity, best weather, potential returns on capital, and a strong rental market, is where most off-plan purchases take place. Buying off-plan is ideal if you want to resell the property once it’s finished. In order to purchase off-plan property, you usually need to provide a deposit of just 10-30% of the property’s value, making securing the property…
The claim of debts at international level is often a major concern for citizens and companies that having their domiciles in a country of the European Union, have to claim a debt in another State member. Our legal has a broad experience in recovery of international debts at non litigation stage, in Court, or via court enforcement of judgments obtained in member countries of the European Union. Recently, we have been awarded with both successful Judgments for our clients; one in a Judicial Claim Procedure and another by the Enforcement of an European Order. Depending on what is the situation of the debt in origin, we will go right to a judicial procedure in Spain or, if the client has already in its possession a favourable judgment, to a process of execution of the sentence. When a creditor who wishes to request the execution, two paths can be followed: Execution in accordance with Regulation (EC) No 44/2001 on jurisdiction and the recognition and enforcement of judgments in civil and commercial matters (“Brussels I”). Obtain an EEO – European Enforcement Order- in the Member State in which the judgment was issued, in accordance with Regulation (EC) No 805/2004…
The assistance of a solicitor is not required in Spain by Law, nor is mandatory, to represent and assist a buyer or seller of a property while completing the transaction. However, it is quite advisable to engage legal help. The reasons are numerous and do start in the obvious fact of a different language and also completely different legal system to those jurisdictions of Anglo-Saxon rule. Our conveyancing package covers every aspect of transfer of ownership and has been designed with foreign clients in mind. A purchase of a property involves several and different angles: administrative (Council bills, Licenses, etc.), legal (registration, title deeds, liens and embargos, etc.), financial (taxes, mortgages), and others, hence it is quite important to have all these mentioned angles covered. In normal circumstances a minimum of two weeks is required, but in some specific cases when issues are found it does take up to four weeks or even more if the transaction has a specific circumstance which needs to be handled or dealt with. A buyer (or seller) can go personally or can give power of attorney to a third party, but it is one or the other.…
With real estate agents’ commissions running as high of 5% of a home’s final sale price, it is tempting to hang out a “For Sale By Owner” sign and save the commission. But, is it easy to sale a house? For sale by owner is hard work and sometimes it is negative. Use these tips to decide if for sale by owner is a good option for you. It requires time, energy, market knowledge, some money and most importantly, that you leave all emotion at the door. If you are a owner needing to sell fast it is better if you agree to sell it with a professional that will protect your interests... # Real Estate Agent VS For Sale by Owner 1 Market on more than 20 websites. Very high exposure vs Market in 1-3 websites. Exposure home extremely less 2 Negotiate Contracts, deal with other agents, lawyers and potential buyers vs May miss some details on contract, a non represented owner, answer all phone calls and emails 3 Will help get more money into your pocket vs Will probably spend more money, buyers want same commission you are saving as they will negotiate more 4 Is a qualified…
Learn how to get the most from your home in Spain, and save money with cost-effective solutions from the best providers. If you are selling a property in Spain you need to be aware that the procedure is very similar as for buying a home. Once you have made the decision you have two options: to announce and show it by yourself or, choose a real estate agency for them to list your property and to do the hard work. They protect your interests. It is important to talk to several estate agents in order to find one that you feel comfortable with, trust and they have clients interested in a property like yours. Charges will vary with different estate agents depending on the services they offer, so it is important to be clear on what you will be expected to pay when the house sells. It is recommended that the small print of any agreement with an estate agent is checked as there could be hidden charges that they have not made clear. The successful selling of a property depends on the course of actions followed by the real estate Agent. Once you have chosen the…
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