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Co-ownership is a business model that is revolutionizing the second home market in Spain. This model allows those interested in acquiring a second home to divide the property equally and buy a fraction of it. The fractions that a single buyer can acquire can never reach 50% of the total. Expenses are divided among co-owners and the right to enjoy the property is for six weeks per year, including one week during high season.
The Golden Visa is a program that offers foreign investors the opportunity to obtain residency in Spain, and therefore in all European countries affiliated with the Schengen Area, in exchange for a significant investment in the country. The program has been popular among investors seeking a way to obtain residency in Europe, as it is essentially a shortcut for those willing to purchase a real estate property of €500,000 or more in Spanish territory.
If you're looking for information on how to buy a house with Bitcoin in Spain, you'll likely find articles that tell you it's possible but ultimately advise you to convert your Bitcoins into Euros before completing the transaction. However, this is not what you were looking for. In this article, we will explain how to buy and sell a house in Spain using Bitcoin without converting them into Euros.
In Spain, unlike other countries in our environment, there is a belief that if a real estate agent, a notary, and the bank that grants us the mortgage are involved in the purchase-sale transaction, any problem or inconvenience will be warned by one of these parties and therefore avoided before becoming a catastrophe. Nothing could be further from the truth.
Americans significantly increased the purchase of homes in Spain, with a 90% increase in transactions since 2019. In the first half of 2022 alone, they bought 1,162 homes, 75.5% more than in the same period of 2021. Experts point to structural and cyclical factors to explain this bullish trend. Spain is seen as an investment option in luxury properties.
Buying a home is one of the most important decisions you can make in life, but in most cases, it is based on emotional decisions and not a professional analysis of the real situation of the property. This can lead many buyers to become trapped in legal and economic problems resulting from poor purchase management.
Buying a home is one of the most significant financial transactions a person can make in their lifetime. Therefore, the buyer must be properly informed and advised before signing any contract or delivering any amount of money. One crucial aspect is to know the property's ownership situation. In this sense, it is essential to know the difference between naked ownership and usufruct, as it can significantly affect the property's value and use.
Malaga, located on the Costa del Sol, is known for its warm climate, beaches, and tourist attractions. However, it is also a very attractive place for those looking for a luxury home. According to a report by the real estate platform Idealista, Malaga is the second Spanish province with the most expensive villas, after the Balearic Islands.
Buying a second-hand house can be exciting and the best solution when the buyer's priority is its location, but it's important to keep in mind that the risk involved in this case is greater than when buying a new house from a developer, as any physical defects that may arise will be legally covered for a period ranging from one year to ten, depending on the type of problem.
The property transfer tax (named ITP) can be one of the most important expenses in a real estate transaction, so it is important to understand its tax implications to avoid unpleasant surprises in the future.
Malaga has become one of the most popular destinations for foreigners looking to buy a house in Spain. In 2022, the province of Malaga witnessed a significant increase in the number of home purchases by foreigners, with a total of 13,908 transactions registered, according to the latest data published by the General Council of Notaries.
Marbella is about to become the first city in Andalusia with an urban plan adapted to the new regional law for the sustainability of its territory (LISTA). The city's local government has approved the initial proposal for its Municipal General Urban Development Plan (PGOU).
