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PAYMENTS ABOVE 1,000 EUROS BANNED IN SPAIN?
In Spain, cash payments over €1,000 are prohibited in business transactions (since 2021), even if split. Non-residents may pay up to €10,000 in cash. Violations carry a 25% fine. There are no limits between private individuals. Payments...
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PURCHASEPROCES
The purchasing process in Spain: Here are the 10 steps to buying a property in Spain: 1. Check the title deed via Nota Simple to verify the owner and any debts. 2. Research development plans in the area through the municipality....
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ENERGY CERTIFICATE SPAIN
When must homes in Spain comply with the new European insulation and fire safety standards? Is it wiser to buy a new home? What are the pros and cons of new build? And can you renovate an existing home to meet the standards? Is...
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SILENT ACCEPTANCE OF URBANIZATION BY MUNICIPALITIES
The explanation states that an urbanisation is deemed accepted by the municipality even without a formal act when it is in use, licences are granted and taxes are collected. This creates the same effects as formal acceptance. Ownership...
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REAL ESTATE BUBBLE
The Bank of Spain notes that there are some signs of a housing bubble, but the situation is far from comparable to 2007. Housing prices remain about 20% below their pre-crisis peak, and current increases are mainly due to limited...
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