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The Journey of Wynn 574

steampump36's blog

Regulation For The Real Estate Sector In Spain

Spanish Real Estate market has recovered from the bubble burst in 2008 and demand hits pre-crisis levels. In notarial proceedings, the sale is supervised by a Spanish notary public and, if after two auctions no one is willing to purchase the relevant asset, the lender can acquire control of the pledged asset, provided it accepts the debtor's full discharge.
Foreign equity has driven the recovery of the Spanish property market; initially the opportunistic international funds put their blog de derecho inmobiliario shoes in the country in 2013, but now the bulk of the investment is driven by Spanish REITs (SOCIMIs) and added-value funds.

And even though the complexity of real estate matters - mainly in relation to civil law issues, town planning, and licensing - can work as a barrier to new legal market entrants, "it is true that there is some commoditised work that they can handle", Azofra admits.
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Additionally, investors from around the world are becoming more involved in the ownership of business or commercial real estate in some of the major cities in Bulgaria, most particularly in Sofia, the Bulgarian capital and the big cities around the Black Sea.
The Spanish real estate market, one of the most important sectors of the economy, was paralysed in mid-March when the Spanish Government decreed the state of alarm and subsequently the cessation of all non-essential activities, including construction work on hundreds of property developments.

The court also makes an interesting reference to a precedent in which the tax authorities accepted this argument when analyzing a special rule for the transfer of real estate companies in the field of indirect taxation, which aimed to tax indirect transfers of immovable properties by denying the application of general exemptions for the transfer of shares.
Contract Period (just for long term rental agreement): The original three years term is extended to five or seven, depending on whether the landlord is an individual or a company If after that period none of the parties communicates (30 natural days in advance) their willingness to terminate the agreement, the contract will be extended for three years, instead of one year.

H3 Consulting Real Estate are one company made ​​up of administrators properties, real estate experts, lawyers, economists and architects, born to give one professional and comprehensive response to the needs of marketing and Gestión de los buildings.

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