New hope for Brits trying to recover property deposits
When the housing bubble in Spain burst a few years ago, many international investors were left significantly out of pocket. These were large institutional investors, these were Northern Europeans, regular working people, that had invested life savings into buying their dream homes, off plan in Spain Whens some ofthese homes were never finished, as developers […]
Spain’s New Mortgage Law – Helping home owners in arrears
The economic crisis has hit Spain particularly hard and the subsequent high unemployment and economic hardship in this country has led to record levels of mortgage arrears and evictions. The recent Law 1/2013 of May 14, for mortgage holders, is intended to respond to the growing demand to help home owners that are encountering issues […]
Legalisation of rural properties in Coin, Malaga, Andalusia by De Cotta Law
The Coin Town Hall has initiated a plan that if approved would regularize up to 90% of properties on non-urban land.
EU Court rules that Spanish mortgage law is incompatible with European Law
In today’s ‘El Pais’ newspaper, the national Spanish periodical, the front page story is that the EU Court in Luxembourg considers present Spanish mortgage law to be incompatible with European Law as it prevents Judges from protecting home owners from evictions. The report goes on to say that the Spanish legislation is contrary to a […]
THE OWNERSHIP OF A SPANISH PROPERTY BY A LIMITED COMPANY
There can be advantages in purchasing or transferring Spanish property into the name of a UK limited company. There can be a significant saving on inheritance tax in Spain where there is no spouse exemption for non residents. Some companies are offering to set up standard structures but where the current tax value of the […]
Legal Article for our Dutch speaking clients – Legalisatie van eigendomsobjecten op het Andalusische platteland
Legalisatie van eigendomsobjecten op het Andalusische platteland Door Francisco Javier Martín Martín, Advocaat bij De Cotta Law In Andalusië, vooral in het gebied van de Axarquia, staan er en aantal eigendomsobjecten, met name woningen op land waar niet gebouwd mag worden. Deze eigendommen zijn gebouwd zonder licentie of zonder te voldoen aan de eisen van […]
Anbefaling – Thomas Gant De Cotta Law
Når den professionelle bistand af en advokat er påkrævet, er det sandsynligt at det sker på et tidspunkt med højt stress, og køb/salg af ejendom er ingen undtagelse. Thomas Gant López fra Advokatkontoret De Cotta Mckenna y Santafé i Nerja fortjener vores højeste ros for sine evner til at reducere stressniveauet blandt alle involverede parter. […]
A Lasting Power of Attorney for UK assets
What is a Lasting Power of Attorney (LPA)? It is a legal document that appoints someone to undertake actions and execute documents on your behalf. Often used by those that wish to plan ahead and set out in advance what they would like to happen should they become unable to make decisions for themselves in […]
Mortgage foreclosures – the facts you need to know By Javier Florido Martin, Lawyer with De Cotta Law.
FOR MORE INFORMATION CONTACT JAVIER FLORIDO AT OUR COIN OFFICE: Coín Office: Local 6, Sierra Chica 29100 Coín Málaga Mail: Spanbox B220 Apartado 178 29100 Coín Málaga Tel (0034) 951 315 161 Fax (0034) 951 315 162 Monday – Friday, 10 am – 7pm, no siesta E-mail: coin@decottalaw.net
Spanish Property Tax – Warning, the tax office is looking for you!
Are you a non-resident of Spain? Do you have a property here? If so, then each year you need to pay the revised property tax that has recently been strengthened due to Spain’s economic difficulties.If you haven’t paid your property or income taxes, you may be liable for a considerable fine. Here, legal tax expert, […]
El Consejo de Ministros ha acordado rebajar del 8 al 4 % el IVA que grava la compra de vivienda nueva – Spanish Council of Ministers reduces VAT from 8% to 4% for the purchase of new homes until 31 December
(To read this story in English – please see below) El Consejo de Ministros ha acordado rebajar del 8 al 4 % el IVA que grava la compra de vivienda nueva, una medida "excepcional y temporal" que se extenderá hasta el 31 de diciembre y con la que el Gobierno pretende dar salida al stock […]
DeCotta, McKenna & Santafé The independent legal property experts for the Costa del Sol & Inland
Distressed property sales, discounted homes and greater transparency and compliance to planning issues in town halls are combining to breathe some life back into the Spanish property market. Never before has Southern Spain been such good value. It’s a destination that will always be desirable to Europeans and those living further a field, and […]