Question about House SWAP in Spain Can I exchange my property in Spain for a property in another country, and if so, what are the tax implications in each country? Answer. This transaction is known in Spain as a permute and is becoming increasingly common due to the difficult housing market in the whole of […]
DACION EN PAGO: handing back the keys and the property to the bank in settlement of the mortgage loan.
Question regarding handing back the keys in Spain. Dear Sirs. We are a British couple, and we purchased a property in Oliva (between Alicante and Valencia) 5 years ago. The exchange rate together with the economic crisis that affects both the UK and Spain mean that we can no longer afford the mortgage. The Spanish […]
Debt collection in Spain
In times of financial crisis such as now we find that consultations about legal proceedings for debt collection /recovery at professional offices and Law firms are becoming more and more frequent. This week we would like to provide some concepts and a basic explanation about the different legal procedures for debt collection in Spain. It […]