Can I exchange my property in Spain for a property in another country, and if so what are the tax implications in each country? This transaction is known in Spain as a permuta and is becoming increasingly common due to the difficult housing market in the whole of Europe. We will concentrate on explaining how […]
DACION EN PAGO: handing back the keys and the property to the bank in settlement of the mortgage loan.
Dear Sirs. We are a British couple and we purchased a property in Oliva (between Alicante and Valencia) 5 years ago. The exchange rate together with the economic crisis that affects both the UK and Spain mean that we can no longer afford the mortgage. The Spanish bank is not prepared to accept the house […]
Debt collection in Spain
In times of financial crisis such as now we find that consultations about legal proceedings for debt collection /recovery at professional offices and Law firms are becoming more and more frequent. This week we would like to provide some concepts and a basic explanation about the different legal procedures for debt collection in Spain. It […]