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Showing posts from August, 2021

Property Management Services are available!

The landlord is responsible for looking after, using, and maintaining the purchased real estate, according to the Civil Code. Certain norms and laws apply to all landlords who own property, and they all receive the same level of legal protection.  real estate in qatar All landlords are subject to the same basic obligations, regardless of how they own the property, i.e. whether they own it as a private individual or as a formal corporation. We'd like to call attention to a few of the more important rules, such as: Renting Out of Property - Civil Code Regulations If you rent out a property, you must provide it to the tenant in a habitable state. You are responsible for repairing any problems in the flat that prevent it from being used. In practice, this means that you must inspect the property on a regular basis, maintain the flat in good repair and condition, and so forth. Regulations of the Building Code Building permission, alterations to the building's constructio...

Booking contract! Contract Reservation

The reservation contract is a contract that enables the buyer to reserve the property for an agreed period of time. During this time, the seller or the real estate agency – which relates to the immovable in the contract – cannot sell it to anybody else.  qatar real estate The purpose of the contract is to provide the eventual purchaser with enough time to check the legal and factual position of the property and, where necessary, to ensure that the purchaser can check whether the purchase means are available for financial purposes. The contract is usually concluded by depositing the reservation fee. The size of the fee does not vary from 20 000 CZK,- CZK to 100 000 CZK for a dwelling unit, as may be specified by law or any other legal regulation. It is paid in cash when the reservation contract is signed. The purchaser should verify that the payment of the reservation fee is subsequently considered as part of the purchase price. We now reach the first potential pitfall - the con...

Hypothecary Application!

 From a legal point of view, mortgages are the designation of two legal subjects, that is, a credit agreement entered into in accordance with the Commercial Code, and ultimately a contract in accordance with the Civil Code, secured by lien to the real estate . real estate qatar Lien's right Lien rights may be characterized to entitle the lien creditor – in this case the bank that provides the loan - to claim satisfaction of something committed in the event that the debtor does not correctly and/or in good time meet the secured debt. The parties' rights and obligations arise from the Gift Contract, which usually clearly stipulates the rights and duties of all the parties. It should be noted that the right of lien is linked to the legal life of the guaranteed debt. This means that the origin and duration of the lien right are inseparable from the secured debt. The lien right has two functions, namely the function of the securing function – the debtor is encouraged to remove the ...

Residents and non-residents who are buying and selling a home in Spain have to pay additional taxes.

The majority of Spanish residents have concerns about taxes they'll be expected to pay when purchasing or selling a home. This article explains the tax on property ownership in a simple way by drawing on tax advisors and economists José Miguel Golpe Saavedra and Mario Borio. The taxes that must be paid to the Spanish State, Autonomous Communities, or Municipalities will be one of the many factors that we'll take into consideration.  Qatar sale Any natural person who purchases a home in Spain must pay the following taxes: If you buy a newly built home in Spain, you must pay VAT. A general rule of thumb is that when a home is sold directly by the developer, it has been newly built. 10% of the sales price, which appears in the title deed, will be the VAT percentage. The Property Transfer Tax is levied on properties that do not qualify for VAT because these types of properties are only purchased by those who already own property, or when someone other than the developer sells...

The instructions on how to return the keys to your landlord.

This appears simple to most people, but if you fail to do it correctly, you may find your tenant deposit will not be returned by your landlord, or worse, a new lease extension being added to your terms without your consent. Handing back the keys is a challenging time, as both parties stand to lose if the exchange is botched.  apartments for sale If you're looking for in-depth information on how to formally terminate a lease agreement in Spain, you have already been provided with comprehensive details. We stress once again that verbal termination of a lease agreement, including phone calls, e-mails, text messages, WhatsApp, social media messages, and any other form of written communication, is not an acceptable means of doing so. It must be done in accordance with a standard procedure, following which, it is critical that it is done formally. DID YOU DO THIS WRONG? THIS WILL HAVE ADVERSE LEGAL AND FINANCIAL CONSEQUENCES FOR YOU, THE TENANT. If you want to reclaim your deposit and av...

Your home insurance plan includes eight additional services (which you're unlikely to know about).

Most likely, you pay your home insurance payment religiously and never give anything up, thinking it doesn't compensate you. Until something goes wrong and you're glad you hired it. The truth is that we rarely read the insurance policy terms because of time constraints or the extra effort that they require. You might be surprised to know that your home insurance does offer useful services.  apartments for They are: Which are they? Obviously, your insurance package will determine everything, but there are several other services offered by companies beyond just fixing a broken glass within the basic package. This is just one example, but it demonstrates the point. Allianz reports that all businesses are going to offer additional services that are not related to the insured goods, but rather go beyond. Would you like to see some of these services? do-it-yourself services Do you have any issues with hanging pictures or putting furniture together? Are you aware of a dripping faucet?...

Four (legal) means of avoiding the tax on capital gains when selling a home in Spain

If a taxpayer sells a residence in Spain, he is obliged to pay the infamous municipal capital gains tax (the municipal plusvalía in Spanish), unless he has lost his transfer. Here we show you some strategies to avoid paying this tax, which depends on making a deliberate loss when selling your home.  Property 4 ways to save Spanish capital gains Update the property value under the CPI Spanish courts are increasingly allowing people to update their property values to the Consumer Price Index (IPC) so that the house seller can obtain a loss and, hence, avoid paying that tax. In many cases, after years of ownership, people sell their property. For example, consider a piece of land which was acquired in January 2003 for EUR 150,000 and sold for EUR 180,000 in October 2018. The value of the land has increased according to the values of the acts. If, however, you update the current CPI 2003 value in Spain, the result will be a loss. "The assumption is very common. In spite of the fact th...

The following is advice for those who want to invest in property in Spain:

As a result of the rising Spanish economy, increasing rental prices, progressive revaluation of properties, and the tourist boom, real estate is now one of the most fashionable investment assets.  properties Around 10% of Spanish citizens who are currently looking for a new property are doing so because they want to put their money into the real estate market. These buyers are mostly middle-aged with an investment portfolio of between €100,000 and €150,000. 33% of survey respondents said it's best to buy a property in order to rent it, while 14% said the same about vacation rental, and lastly, 14% said it's better to refurbish and resell (12 percent ). It helps to have prior knowledge of the market and to consult experts in the real estate sector when investing in Spain. To help with the process, Casaktua advises learning these six important things so you can do it better and achieve better profits: Consider the pros and cons before making a decision: Should you buy to rent or ...

In 2018, expats have bought over 65,000 homes in Spain.

It's estimated that approximately one million non-Spaniards are living in Spain, and Marbella, in Malaga province, is one of the most popular locations for non-Spaniards to live.  propertyfinder qatar Expats' housing transactions in Spain increased by 7.6% in 2015, according to a report by the College of Property Registrars (Colegio de Registradores de la Propiedad). Housing increased by 8.2% and non-Spaniards' property purchases weighed in at 12.6% of total sales in 2018, the highest figure in the last 10 years. According to the Real Estate Registry Statistics report, the fourth quarter of 2018 had the lowest sales numbers of the year. There was a year-on-year rise of 11.3% in the number of housing transactions, and the figure was the highest in a decade. Property prices increased by 8.2% in Spain when compared to last year. In the fourth quarter, sales of new and used housing increased by 7.4 percent over the third quarter, while the year-on-year decrease was 9.8 percent....

Luxury Costa del Sol property for sale: prices fall by 2020!

The coronavirus pandemic has also affected Spain's luxury property prices and, in the opinion of Barnes, prices fell by up to 20 percent on the Costa del Sol. Nevertheless, the new normal of Spain, the opening of Spanish borders and the arrival of foreigners and expats, according to the company's forecasts, are boosting the Costa del Sol luxury real estate market.  companies in qatar Barnes explains that the decline will depend on the liquidity needs of owners, so no variation is expected in the super luxury house segment with prices starting at five million euros. The average cost on the Costa del Sol luxury property market is EUR 7,000 per m2, particularly beneficial for potential buyers during the coming months. As demand for second homes in Spain is changing due to the health situation of foreigners, the behavior of international demand in the coming weeks will be of great significance, that is to say foreigners and expatriates who plan to purchase property in the Costa...

Week property: a luxury villa overlooking Palma Bay!

Spending your vacation in Mallorca sounds like a very attractive option for many in this summer, and even better, if you have a second home that can spend more time in the Spanish sun all year round. This luxury villa is located in Palma, in the Son Roqueta area and would make it the ideal family house, with an excellent location overlooking Palma Bay with all local services in the immediate vicinity, including a number of public and private schools.  living qatar This 400m2 villa is located on a 1,021m2 lot. In the ground floor, the property has a large veranda with views over the large saltwater pool and the well maintained garden, giving the property a rural atmosphere, although it is a short walk from Palma. There is absolute privacy in the outdoor area. And there is an additional terrace in the back part of the house, perfect for outdoor dining. A bright hall leading to the open living/dining area and a modern, integrated kitchen are on the ground level of the property. Th...

Quiet parks in Madrid this summer for a relaxing walk!

In these quiet parks in Spain's capital, avoid the post-COVID-19 crowds in Madrid.  the pearl qatar Spain's new normal is here and Madrid parks are again filling up with local people and visitors as lockdowns are regulated throughout the country. However, the parks of Madrid can get very busy, particularly during the summer months and while wearing a face mask in public places, where the 1.5-meter safety distance cannot be maintained, are compulsory, many will look for a quieter place for a walk this summer. Despite its busy parks, there are also certain locations in Madrid, including in central Madrid, where a relaxed walk can be found. There is very little public traffic during certain times of the day, and that means you can take your mask off even if you breathe fresh air only if and when nobody else is around and respects the safety distance. So if you plan to spend time in Madrid this summer, then head to this tried and tried-and-tested park, where you can have a qu...