Author: AntonioGuillen
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About the Spanish “swaps” in the banking practice
Photograph by www.freefoto.com “Swaps”. Perhaps not a word that would mean much to the people who live outside Spain but the truth is that this is a hot topic right now in the Iberian Peninsula. The reason, as always, has something to do with the banks. In this case, the word “swaps” refers to…
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About the convenience of making a separate Spanish will
Many Britons own property in Spain. The majority of them will know by now how convenient is to make a Will to cover their Spanish assets. They will have seen it on TV programs or read about in in the press or on the internet. However, I still find many cases where a Spanish Will has…
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Spanish powers of attorney for litigation- What is going on in Spain?
The fall of the Spanish property market has inevitably led to an increase in litigation matters, as many notaries have seen. Over-inflated property prices, short demand, tight financial conditions and a very worrying increase in unemployment have all contributed to the fall of a large number of Spanish developers during the last three years. The…
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Spanish property market feels the pain
As a Spanish property lawyer based in Manchester, the first thing I am asked when I am introduced to people is: How is the Spanish property market doing? The words “Spanish” and “property lawyer” appear to have a sudden effect on the other person and they start to interrogate me on the subject. This…
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Holiday home Brits have now three weeks to claim following Aifos collapse
British home buyers who fear they may lose out due to the insolvency of one of Spain’s best known developers have been given until the end of September to register their claim with the Spanish authorities. Aifos Arquitectura y Promociones Inmobiliarias SA has gone into administration leaving 4,000 unfinished homes. Aifos was one of the…
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Struggling Britons seek ways to offload Spanish holiday homes
Higher mortgage interest rates in the Eurozone, a fall in the value of the pound and the effects of the recession mean that many Britons who have bought holiday homes in Spain are now struggling to meet their monthly repayments. Our firm has seen a rise in the number of people seeking help to renegotiate…
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Court threat for Brits who back out of ‘home in the sun’ deals
Britons who have had second thoughts about buying holiday homes in Spain are being pursued in the Spanish courts by the developers – despite a clause in their contract allowing them to back out of the deal. Our firm is acting for a number of British buyers who have been threatened with legal action. Hard-pressed…