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The Forced Landing of the Real Estate Market Takes Shape in the US Following Historic Drop in a Key Housing Indicator

Alarmingly large drops in pending home sales and existing home sales. Analysts forecast price declines for 2023, and the sector’s downturn will significantly impact the US economy. Authors: Mario Becedas and Vicente Nieves Source: El Economista The US real estate market is increasingly approaching a forced landing. Although experts...

TEAC Endorses the Cadastre’s Criteria for the Reference Value of Rural Properties for 2022It Contains the Necessary Elements to Determine the Reference Value

Author: Xavier Gil Pecharromán Source: El Economista The resolution from the General Director of the Cadastre, dated November 10, 2021, regarding the reference values of rural properties for 2022, “contains the necessary elements to determine the reference value of each property,” according to the Central Economic-Administrative Court (TEAC), in...

How to Create a Valid Will Without Going to a Notary

El testamento es el el acto por el cual una persona dispone para después de su muerte de todos sus bienes o de parte de ellos Autora: Lidia Orellana Fuente: tododisca.com El testamento es un documento de vital importancia si se quiere dejar arreglado todo lo relacionado con los bienes, derechos...

Price Adjustments, Housing Renovation… Key Factors in the Real Estate Sector for the Coming Year

Source: elEconomista.es Following record housing sales figures in 2022, the uncertainty caused by high inflation and the war in Ukraine have tempered the optimistic outlook among real estate professionals. Now, one of the most pressing questions in the sector is: What factors will shape the real estate market in...

Housing Prices to Fall by 7.1% in Real Terms in 2023

In its Latest Real Estate Report, CaixaBank Anticipates a 7.1% Drop in Housing Prices in Real Terms for 2023 Author: Ruth Ugalde Source: elconfidencial.com The housing market is set for a downturn. According to CaixaBank’s latest real estate sector report, the price of housing is expected to fall by...

The Law Allows for Avoiding Transfer Tax (ITP) When Buying a Home with a Private Contract

Author: pmartinez-almeida Source: Idealista When purchasing a used property, one typically needs to pay the Transfer Tax (Impuesto de Transmisiones Patrimoniales or ITP), a tax regulated by regional authorities that varies depending on the region. However, Spanish law includes a provision that allows the buyer to avoid this tax,...

What is the ‘One for the Other’ Will?

Some couples, despite having children, decide to create a will in which they bequeath all their assets to each other. Author: Lidia Orellana Source: tododisca.com A will is a legal act through which a person stipulates who will inherit their assets upon their death. However, this process is more...

How to Sell Inheritance Rights Before Receiving Them

The heir has the option to sell their inheritance rights to a third party before accepting, renouncing, or accepting the inheritance with inventory. Author: Lidia Orellana Source: tododisca.com Inheritance includes all the assets, rights, and obligations of a person that do not expire upon their death. This means that,...

How to Sell Inheritance Rights Before Receiving Them

The heir has the option to sell their inheritance rights to a third party before accepting, renouncing, or accepting the inheritance with inventory. Author: Lidia Orellana Source: tododisca.com Inheritance includes all the assets, rights, and obligations of a person that do not expire upon their death. This means that,...

Key Points for the Real Estate Market in 2023: Idealista Warns of a Gap Between Home Purchase and Rental Markets

While home prices are expected to stagnate, rents will continue to rise. Idealista: “The factor that will shape the rental market will be the lack of stock. Prices could be set to keep increasing, making access even more difficult.” Source: El Economista The frenzied behavior of the real estate...

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