The Supreme Court has handed down Judgement Nr. 620/2026, 19th May (reported in the media on 21 May), in which it has definitively annulled the obligation to obtain the Unique Short-Term Rental Registration Number (NRUA). The High Court concluded that the central Government overstepped the autonomous communities’ competence
s by attempting to impose a national registry on top of those already in operation in the islands. It is worth highlighting that the Supreme Court itself used the Canary Islands as a key argument for annulling the national registry.
Purchasing a property in a foreign country can seem like a minefield as you try to understand the differences between the process you know and a new one you entrust a professional to advise you about. One of the questions that often arises is, who is responsible for payment of council rates? First of all, lets define what council rates are.
The Spanish Supreme Court has ruled in favour of OCU (Consumer Organization) by manifesting that Banco Popular’s floor clause to be null and void. This is another battle OCU has won against one of Spain’s leading banks following up from sentences in 2013 that ruled against BBVA, Abanca and Cajamar.
If you have been following this particular issue that is rampant in Spanish banks, you would know that during the property boom, limits were placed within clauses of mortgage loans to stipulate a minimum interest rate throughout the life of the mortgage. This means that if the interest rate were to fall below the stipulated minimum or floor clause, the holder would not benefit because the bank would charge the “agreed” floor clause. I say “agreed” simply because most holders were not properly advised of the existence or the meaning of this clause in their contracts.
Spanish banks find themselves yet again in the limelight of another scandal. The Supreme Court has given them until 31st July 2013 to review the floor clauses in their mortgage loan contracts to evaluate whether or not they comply with transparency requirements. If the outcome is negative, the clause must be eliminated altogether.
