What is IBI? IBI is a local tax levied annually on the ownership of rural or urban real estate properties. The tax is based on assessed property values known as the cadastral value (valor catastral). It is payable to the local council to cover its expenses such as maintenance of local facilities and all manner… Read more »
Posts By: Rafael Guerrero
Buying Property from a Developer
What should I check if I am buying property in Spain from a developer? Ensure that there is either a building licence, a first occupation licence or ten year inherent defects insurance (seguro decenal). Check that the developer owns the property and that there are no charges or encumbrances against the property. Check descriptions of… Read more »
What is a Power of Attorney?
Why might I want a power of attorney? As soon as you have found the right property for you in Spain, you will want to get things moving to make it your own as quickly as possible. Buying a property in Spain is a complicated process involving lots of paperwork to be signed before final… Read more »