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Category: Real Estate

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Published on 5 Comments on Andalusia reduces the Tax on Patrimonial Transmissions and Documented Legal Actions
Andalucia rebaja el Impuesto de Transmisiones Patrimoniales y Actos Juridicos Documentados - Andalusia reduces the Tax on Patrimonial Transmissions and Documented Legal Actions

The decision of the Andalusian government will have a significant impact on those who buy a home before December 31, 2021, the end date of the measure. We must consider that the Tax on Patrimonial Transmissions and Documented Legal Actions is the most outstanding tribute that buyers of second-hand property must pay.

In Andalusia, this tax levied between 8% and 10% according to the property's value. Nevertheless, since the end of April, the Tax on Patrimonial Transmissions has become a single general rate of 7%. Meanwhile, that of Documented Legal Actions, which is satisfied when formalizing the public deed of sale, goes from 1.5% to 1.2%.

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Published on Leave a comment on Coping with the stress of buying and selling a home
Como afrontar el estres de comprar y vender una casa - Coping with the stress of buying and selling a home

Buying a house is an important decision and, inevitably, countless concerns arise, both for those looking for a new home or investment and those who carry out the sale. Knowing how to handle the stress of buying and selling a home is essential to avoid making serious mistakes in the operation.

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Published on Leave a comment on How to choose the location of a real estate investment: what factors to consider
Como elegir la ubicacion de una inversion inmobiliaria que factores tener en cuenta - How to choose the location of a real estate investment: what factors to consider

The goal of any investment is financial profitability. In the real estate market, this depends on several factors, but the location is one of the most important. Not all areas have the same characteristics and development prospects.

Rushing when choosing the location of a real estate investment can have a high economic cost. Therefore, the essential advice is to take the time to assess what type of property and where to invest. The list of criteria to be taken into account is extensive, but the following are worth highlighting:

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Published on 4 Comments on Buying bank repossession properties: pros and cons
comprar vivienda de banco pros y contras 1 - Buying bank repossession properties: pros and cons

The 2008 crisis and subsequent economic difficulties had countless consequences, including the fact that many individuals couldn't pay their mortgages and suffered foreclosures. Also, numerous developers with buildings already built went bankrupt.

All these homes passed into the hands of financial entities. Today many of them are in the hands of investment funds or Sareb (Sociedad de Gestión de Activos Procedentes de la Reestructuración Bancaria), the Management Company of Assets from Bank Restructuring, in charge of bringing them back to the real estate market.

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Published on Leave a comment on Spaniards’ savings in pandemic: tips to avoid long-term losses
El ahorro de los espanoles en pandemia consejos para evitar perdidas a largo plazo - Spaniards' savings in pandemic: tips to avoid long-term losses

2020 has been a tough year at all levels. The world economy, and also the domestic ones, have suffered the consequences of the health crisis. However, the savings of Spaniards in the pandemic have been higher than in the immediately previous months.

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Published on Leave a comment on What is better, buying a new or a second-hand home?
que es mejor comprar vivienda nueva o de segunda mano 1 - What is better, buying a new or a second-hand home?

Buying a home can be one of the higher investments you have to face. Therefore, it is a decision we shouldn't take lightly. In general, the search starts from a simple question: what is better, buying a new or second-hand home.

There is no perfect answer. In the end, the choice will depend on several factors that we should consider calmly since both options have their advantages and disadvantages.

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Published on 4 Comments on How much rent can I afford: calculate your max budget
Que alquiler me puedo permitir calcula tu maximo - How much rent can I afford: calculate your max budget

Many people, especially young people, choose to rent a home instead of buying. Predictable expenses, savings in taxes and maintenance, as well as job instability, are factors that tip the balance. But once the decision is clear, the big question comes: How much rent can I afford? Figuring it out is essential to search for a home according to your actual circumstances.

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Published on Leave a comment on What is the best age to buy a home?
Cual es la mejor edad para comprar una casa - What is the best age to buy a home?

Buying a home is one of the most important decisions we can take in our life. The age factor plays an important role, and not only because of the job stability that defines the debt capacity and that is associated with maturity. In determining the best age to buy a home, there are also vital circumstances that can incline preferences towards buying or renting or towards a particular property.

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Published on 3 Comments on Buying a house without a mortgage: what are your options?
Comprar casa sin hipoteca cuales son tus opciones - Buying a house without a mortgage: what are your options?

Bank interest rates have broken historic lows in recent months. However, the increasing demands of banks and the expenses associated with mortgage loans are pushing more and more buyers to consider the possibility of buying a house without a mortgage.

This option has significant advantages. On the one hand, we avoid commissions and expenses associated with bank financing. On the other, it's a time-saver, as we won't need to carry out all the necessary procedures to obtain and sign the mortgage. And, finally, it is easier to negotiate conditions with the seller and make a profit.

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Published on 1 Comment on When to buy a second home?
Cuando comprar una segunda vivienda - When to buy a second home?

We are immersed in a time of uncertainty at all levels, also in the real estate market. Therefore, whether to buy a second home now or wait, has become a big question for many people.

The complicated economic situation derived from COVID-19 leads us to think that this is not the best situation to assume a new investment. However, several factors make this the appropriate time to buy a second home.

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