The Spanish Ministry of Transport and Movement has officially announced reform of its current housing plan – Housing Plan 2018-2021. Its aims are to streamline the management of this plan, in addition to achieving a greater efficiency of the resources allocated to this scheme. Among the main clauses to be introduced is the extension of […]Continue reading
If you’re thinking about purchasing or renting a property in Ibiza as a foreign resident of another country within the European Union or further abroad then it’s essential to research and understand that both the legalisation and roles of professionals are more than likely to be different than those of your home country. Therefore it’s […]Continue reading
Many mortgage holders in Mallorca, Menorca and Ibiza are looking for an improvement in the terms and conditions of their mortgage agreement. In most cases, a smaller monthly payment is considered the main objective of such investigations. To achieve this objective, there are several different operations that can be carried out: novation, subrogation and cancellation […]Continue reading
Unfortunately the economic crisis caused by COVID-19 has affected the mortgage sector in Mallorca, Menorca & Ibiza. Although the Spanish banking sector assures that the granting of mortgages has not stopped, it recognizes that the number of applications has decreased. Mortgage industry sources say that because of the current situation some consumers are postponing purchase […]Continue reading
Can you buy a home without a mortgage? In Spain the most common practice is to obtain a mortgage loan when you need financing for the purchase of a property. However, in other countries such as France this purchase can also be made with a personal loan. “It is true that in Spain it may seem […]Continue reading
Homeowners and businesses who have problems paying their mortgage this month can take advantage of the mortgage moratorium approved by the Government. However, in order to benefit from this measure, several conditions must be met: you have been made unemployed or have lost 40% of sales, have earned less than 1,613.52 euros as a family […]Continue reading
