by Grupo VAPF | Sep 22, 2012 | Uncategorized
Eufides Project
The organization of Notaries EU Europe (CNUE) has launched the project EUFides that will allow EU citizens to have easy access to all the information needed to easily buy a property in any EU Member State in a safe way under the communitarian law.
Due to the increased mobility of citizens within the EU and regular purchases abroad of almost any kind of products, buyers have a lot legal questions every day, especially in the real estate field.
by Grupo VAPF | Aug 10, 2012 | Uncategorized
Tax advantages when buying a house in 2012
Today we bring you some information regarding recent changes in Spanish legislation affecting home ownership. These new laws published by the government of Spain in the BOE (Official State Gazette) No. 168, Saturday July 14, 2012, will be in force from 1 January 2013.
Among the new measures we can mention:
* Elimination of tax deduction for purchase of main residences in 2013
* Increase of VAT in 2% on housing and end of the Super-reduced VAT, so that in 2013 the VAT rate will go from 4 to 10%.
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by Grupo VAPF | Jul 20, 2012 | Uncategorized
Euribor interest rate decreases
Good news for mortgage holders! The announcement of decreasing of the price of money approved by the European Central Bank (ECB) has caused a drop of 1.118% to Euribor mortgage index reference.
The 12-month Euribor -the main reference for most mortgages in Spain- has experienced a historic decline, following the press release of the European Central Bank (ECB) to lower the price of money at a record low of just 0.75%.
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by Grupo VAPF | Jul 16, 2012 | Financial News, Financial News, Financial News, Financial News, Financial News, Financial News
CIEN Notary website
The Consejo General del Notariado (General Council of Notaries) has recently presented the Statistical Information Center of Notaries (CIEN) website with statistics on the real estate market. This open access website offers more than a million statistical series with anonymous data from deeds and other notarized documents from January 2007 to March 2012, including statistics on property sales, leases, mortgages, etc.
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by Grupo VAPF | Apr 28, 2012 | Uncategorized
The Euribor rate drops again in April
The Euribor continues its downward trend. The interest rate index lost another five thousandths and closes the second week of April with its 87th consecutive day going down. The index (at April second week) is 0.695 points below its mark at the same week last year, which means that the mortgage interest are going to be cheaper. Euribor has lost another five thousandths in its daily rate since end of March and reaches the 1.352%.
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by Grupo VAPF | Apr 7, 2012 | Uncategorized
Euribor interest rate decreases
The closing rate of the Euribor for March 2012 means that any families having their mortgages revised this month will benefit from savings of approx. 365 EUR per year, that is, one EUR a day. These savings of approx. 30 EUR per month are the highest discount since April 2010.
This standard rate closed March on an average of 1,499%. That is the lowest rate since November 2010, and will allow families on mortgages to be revised this month to enjoy reduced monthly payments, The daily Euribor rate for today is 1.416%, below the 1.599% with which the month opened.
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