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KLEV&VERA > Real estate

Why should I buy a property in Spain?

Spain is considered one of the most attractive countries for real estate investment in the entire European continent. Its location, security, historical and cultural richness, the large number of tourists it receives each year and the expanding market create positive conditions for investment. Unlike other countries, investments here are protected by one of the most important members of the European Union. Spain is located in a privileged geographical position, it is the European country with the easiest access from the American Continent. Also three Spanish airports are part of the top ten most busiest airports in Europe. In addition, Spain has...

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Catalan outdated taxes paralyzing the sale and purchase of properties will be lifted in 2022

The Catalan Civil Code will be amended later this year to prevent a medieval tax, which continues to be enforced by current legislation, from continuing to intervene with the purchase and sale of estates. The tax, known as an emphyteutic census, is a kind of tribute of feudal origin, often associated with the purchase and sale of property, which must be paid to the nobility, as former owners of the land where the estate now stands. Emphyteutic censuses date back to the 16th Century and allowed nobles and feudal lords to rent land to farmers for cultivation in exchange for an annual...

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Barcelona Real Estate Investment

Investment in the Barcelona commercial real estate market has weathered the storm of COVID pretty well, especially when compared to Spain’s other large market, Madrid. In the first half of 2021, Barcelona accounted for 80% of commercial real estate investments in Spain. This is according to the commercial real estate consulting firm Cushman and Wakefield. Barcelona’s continued success in real estate investment is a testament to the work done in the past as well as the outlook for the future. Much of the commercial real estate success is centered around Barcelona’s “22@,” an urban renewal zone in the Poblenou neighborhood. This...

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What is the right of usufruct?

A usufruct is a real, non-saleable and non-inheritable property right that grants another person - the usufructuary - the right to make use of one or more assets which belong to someone else - the main proprietor - and to earn income such as rent from it without owning it himself. A usufruct is a combination of the two property rights usus and fructus. Usus refers to the right to use something directly without damaging or altering it. Fructus refers to the right to enjoy the fruits of the property being used, which basically means profiting from the real property by leasing it,...

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What rights do tenants have in Spain?

Spain has recently updated its urban lease law to prohibit certain clauses found in rental contracts. While these types of provisions are now prohibited, many lease contracts still contain them. For such contracts, these provisions will be null. It is important to know them when you see them. Duration of the Lease In the wake of COVID-19, many lessors have tried to convert vacation rentals into more permanent residencies with vacation rental time periods. These time limitations are generally null and void. Renters for contracts of less than five years have the opportunity to extend their lease regardless of constraints the lessor...

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