On July 01-2011 the Spanish Cabinet enacted an executive Decree containing several measures aimed to protect individual home owners against wild bank repossessions. The most important measures are: - Firstly, in order to lessen the harmful impact of the economy crisis on the citizens who are...
This is an useful guide published by the Spanish Property Registrars Association worth reading by every non-resident English speaking investor. You will note however that even if this guide clearly explains the basic steps needed and even though going through these seems to be presented as...
The Spanish Cabinet has declared it is urgent to debate and approve a proposed law previously sent to the parliament partially amending the existing Spanish Law of Corporations (including S.A. and S.L. companies). At this stage, these are some of the changes worth to be mentioned: - ...
The Spanish cabinet has promulgated a new regulation concerning Collective Labour Agreements that is said to be forming part of the scenario of necessary general legal reforms aimed to fight against the present economic crisis the country is suffering. In what refers to the conflicts of...
A new Royal Decree approved by the Spanish Government on April 31st establishes a time-limited amnesty for the employers who decide to regularize the legal situation of workers irregularly employed by these. During such term these situations will not be subject to penalties concerning the...
Unperturbed by British investors protesting outside, Spain's development minister today explained to businessmen at the Spanish Embassy in London why now is the time to invest in Spain's 700,000 unsold holiday homes. The sales pitch reflects growing alarm in Spain at the huge stock of newly-built...
Practically the whole financial sector will be subject to trial in front of the judge in what refers to the controversial “ground clauses, or cláusulas suelo”, that prevented numerous mortgaged Spaniards or Spanish residents to benefit from the strong slope of the interest rates experienced...
A new Bill has passed the Cabinet’s approval in Spain last December concerning reforms to judicial procedures in general. In what refers to judicial auction of goods, past situations of unjust enrichment are avoided by eliminating the possibility that the creditor adjudges the debtor’s property by...
Web-savvy property investors are focusing their efforts on good deals in distressed markets. Online searches for Spanish holiday homes now exceed those for French homes by 20 per cent according to Primelocation. These figures show the opposite pattern to the previous results, released in April....
The Provincial High Court of Navarre establishes that the banking entity, in this case BBVA, in favour of whom a mortgaged house is adjudged in auction cannot go on demanding the part of the loan not covered by this route from its client . The Provincial...