Real Estate Tax (IBI): What it is and how it is calculated
Once you acquire a residential property, you are required to make a series of payments and fees related to it, and the Property Tax, commonly known as IBI (Impuesto sobre Bienes Inmuebles) in Spanish, is one of these levies. Any building, regardless of its type and...
Do you know what an energy certificate is?
The Energy Efficiency Certificate is a document required by the Ministry of Industry, Energy, and Tourism for all homes that are going to be rented or sold to another person. This measure aims to promote energy efficiency improvement in all European Union countries by...
All about the deferred home purchase
More and more people are considering alternatives to mortgages. This is why a substitute formula that was very popular during the previous economic crisis and allowed successful property transactions, the deferred purchase of a home, has made a comeback. While it's...
PPC and deposit contract: what are the differences?
"The acquisition of a flat involves a significant number of procedures with which you may not be familiar. Some of these take place before the formalization of the sale, such as the housing reservation contract and the earnest money contract. These are two different...
Expenses and taxes when selling your home in Spain
What are the taxes and expenses of a seller when selling a property in Spain? What taxes and expenses are paid when a property is sold? Do you want to sell a property in Marbella and are not sure what your expenses will be? It is highly recommended to research this...
Expenses and taxes to buy a home in Spain
As a general rule, buyers need to consider adding 10-15% to the agreed upon sales price to pay any taxes arising from the sale. Resale properties – Property Transfer Tax When the seller is an individual*, he or she must pay the Property Transfer Tax, collected by the...
Mortgage signing falls 14% in the first half and interest rates are at 2017 highs
The signing of mortgages in the first half of 2023 fell by 14.2%, according to the latest statistics published by the National Institute of Statistics. In the first six months of 2022, 310,523 mortgage loans were contracted, compared to the 266,350 registered in the...
Requirements to buy a second-hand VPO home in Malaga
Before visiting a second-hand VPO home, you should know that it is not a usual home: as a buyer, you must meet a series of requirements for its transmission. Not everyone can access them! Do you want to know if you could acquire one? Before starting to read this...
How to calculate the profitability of your rental home
The dream of many Spaniards is to have a home to rent that provides you with extra passive income. If you are considering that possibility, do not take the step of buying a home without finding out how profitable it is. To find out, read this guide in which we explain...
Málaga, Madrid and Seville are among the cities in the world in which housing is most appreciated
The Spanish cities of Málaga, Madrid and Seville have slipped into the cities where housing is most appreciated, according to a report by the Knight Frank consultancy that studies trends in the main real estate markets in 150 cities around the world. The study...
The keys to the new electricity bill: what changes as of June 1?
From June 1, 2021, "to encourage consumption at times when the networks are less congested", a new structure of the electricity bill will come into force based on hourly discrimination and on giving greater weight to the term variable of the bill, which depends on the...
Marbella extends the authorization of the quarry to Starlite until 2027
The Marbella City Council has extended until 2027 the authorization of the use of the Nagüeles Quarry to the Starlite Festival, which has generated an economic impact of 460 million euros and more than 6,000 jobs in a decade, as announced this Monday by the mayor of...
