Estate agents cannot force house hunters to pay fees on collapsed purchases when acting for the vendor, a Spanish court has ruled. According to reports, an estate agency tried charging buyers for a failed property transaction involving a home listed by the agency. The Provincial Court of Caceres rejected a claim by an estate agency for €9,038.70 from a couple who made an offer on […]

Andalucia will lower its Property Transfer Tax from 7% to 6.75% in 2027, according to the Junta de Andalucia. Regional economy minister Carolina España announced the plan during a parliamentary commission meeting. Transfer tax applies when you purchase a resale/second hand property (new developments are subject to IVA (sales tax/VAT). On a €1 million property, this works out as a saving of €2,500. Carolina España […]

Spanish landlords are increasing protection against rent default, according to a survey by Asval, the Association of Rental Home Owners, reported by elEconomista. The study shows that 39% (38.89%) of surveyed landlords hold rent default insurance (also known as rent guarantee insurance), a policy that guarantees rental income and covers legal costs if a tenant stops paying. This is an increase from 33% in the […]