The Supreme Court of Justice of the European Union (CJEU) sentenced last December the Spanish banks to pay back all the money overcharged for the floor clauses, eliminating the non-retroactivity set by the Supreme Court (TS) in May 2013 and which limited the refund of what was charged in excess as of that same date. […]Continue reading
It is a clear fact that foreign capital is strongly committed to the recovery of the real estate sector in Spain. Fundamentally since 2014, several firms have entered in Spain through the purchase of office buildings, shopping malls or logistics complexes. Subsequently, several funds landed in SOCIMI’s that have raised more than 3,000 million to […]Continue reading
The Government of the Balearic Islands has recently published the latest developments in reference to the tourism law in the Balearic Islands. The Balearic Government aims to guarantee the coexistence between tourists and residents in the islands and move towards a sustainable tourism model, which will give neighboring communities the appropriate instruments to solve any […]Continue reading
The purchase of a house for rent offers in Spain an average return of 5.3%. Acquiring a property to rent it is each year a little more profitable. Compared to 5.4% in 2016, profitability in 2015 was 5.2%, in 2014 5% and 4.8% in 2013.Mallorca, offers a return of 5.4%, being one of the most […]Continue reading
One of the curiosities of the real estate sector in the last years is being the increase of the demand of singular houses. Mallorca is one of the areas with the highest market for high-quality construction, presenting great prospects for the future. This growth is being presented in Mallorca at a time of crisis in […]Continue reading
As we have said on numerous occasions, acquiring a property in Mallorca is a very different process from other foreign countries and requires information and professional advice that facilitates the purchase while minimizing the risks. Among other procedures, we strongly recommend carrying out construction surveys previous to the closing of the purchase sales process. These, […]Continue reading
