22
Jun 2019
11

New Property Rental Laws 2019

The Office has been extremely busy lately and I am behind with my blog posts, so I will

New Property Rental Laws 2019

Real Estate , Sabrina L. Williams

The Office has been extremely busy lately and I am behind with my blog posts, so I will post articles that have appeared in The Voice Fuerteventura magazine over the next few days to catch up and post new content too…

It seems that reviewing property laws is a hot topic at the Government this year. This comes after another shake up over property rental law following the most recent changes made in 2013. Apparently, the modifications made at the time did not provide the desired results, i.e., an increase in availability of primary residences on offer and moderation in price. This failure has prolonged the vulnerability detected at the time for those who require a respectable home for their families with the stability that should come with being long-term tenants.

27
Feb 2019
0

The Canarian Supreme Court and Holiday Rentals

Whether you are a property owner or not, I’m sure you’ve been following the Holiday Let (Vivienda Vacacional)

The Canarian Supreme Court and Holiday Rentals

Real Estate , , , , , , Sabrina L. Williams

Whether you are a property owner or not, I’m sure you’ve been following the Holiday Let (Vivienda Vacacional) debacle with interest. Since the Canarian Government finally issued regulations back in 2015, Decreto 113/2015, 22nd May after years of an unofficial standoff, the law has been heavily criticized, mainly because it was full of discriminatory clauses that excluded many property owners from exercising their right to legally let their properties under this system, never mind the grey areas that were difficult to interpret and portions that made no sense whatsoever!

21
Oct 2018
5

Overturned Mortgage Rulings Creates Chaos at the Supreme Court and Bank Stock Falls

This week has seen unprecedented Supreme Court action that has unleashed all kinds of mayhem on an internal

Overturned Mortgage Rulings Creates Chaos at the Supreme Court and Bank Stock Falls

Real Estate , , , , , , , , , , , , , , , Sabrina L. Williams

This week has seen unprecedented Supreme Court action that has unleashed all kinds of mayhem on an internal level, not to mention the consequences this has had on the financial sector. Over the past few years we have seen thousands of court cases revolving around the financial sector and their methods when it comes to granting mortgages. The primary issue was in relation to the infamous Floor Clause inserted in mortgage agreements (in many cases without advising the mortgage holder!) but a Supreme Court ruling in favour of mortgage holders obligated banks to reimburse any benefits obtained which could be a few thousand euros per case. The secondary issue and the one this article referrs to has to do with reclaiming the Stamp Duty paid on the Mortgage Deed.

22
Apr 2018
4

The Okupa Epidemic

Scenario: You go on holiday and enjoy seven fun-filled days with your family and return home with the

The Okupa Epidemic

Real Estate, Spanish News , , , , , , , , , , , , , , , , Sabrina L. Williams

Scenario: You go on holiday and enjoy seven fun-filled days with your family and return home with the usual feelings of renewed interest in life mixed with dread as you know you have to go back to work the following day. You open the front door and begin to wheel your suitcase in but to your surprise, somebody else is now living in YOUR home! Congratulations, you now have an Okupa!

22
Apr 2018
0

Government Housing Plan 2018-2021

As is customary, a new year brings with it a new set of law reforms, improvements, progress and

Government Housing Plan 2018-2021

Real Estate, Spanish News , , , Sabrina L. Williams

As is customary, a new year brings with it a new set of law reforms, improvements, progress and change and 2018 is no exception. A couple of issues ago, I explained the Sole-Trader Reform that came into effect on 1st January but now I am going to talk about a Project the Ministry of Infrastructure and Planning has had in the pipeline for a while now but is now in motion.

In this instance, Íñigo de la Serna, Cabinet Minister of the above-mentioned Department submitted a draft of the Decree in Congress last year; decree that outlines the Housing Plan Project 2018-2021 his department has been working on after extensive research and dialogue with Autonomous Regions, Town Halls, Associations, Political Groups and other administrations uncovered the needs that had been detected in this area.

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