Now that all the festivities and end of year taxes are finally out of the way, we can breathe a little easier and get back to reality. Priority? Making sure our businesses stay on track and implement improvements for the upcoming year. Did you find time to make any resolutions? I’m sure that you diligent, dedicated people have made time to sit down and plan ahead but just in case I’m wrong, here are a few that will hopefully help you get organized and become even more successful before the year is out so take note…
Are you selling or renting your property? Make sure you know the facts, to avoid getting caught out!
A while back, we covered how the Spanish government had been given an ultimatum from the European Union, regarding energy performance certificates, since the rest of Europe had already been applying this obligatory system for a number of years. Since the law was enforced back in June of this year, there has been much talk and confusion about it so I thought it would be a good idea to revisit the matter.
Only a week after the Spanish Tribunals obligated CajaSur to remove the polemic floor clause from their mortgage contracts, the financial entity has bounced back by offering one of the lowest mortgage rates currently available in the market at a mere rate of Euribor +1,25%.
The Andalusian based bank offers even more benefits to those who take on other products and services tied into the mortgage contract, reducing in this way the differential. Even though these other products are yet to be confirmed by the bank, typically these would include customers lodging their monthly payslip with them, taking out life and house insurance policies and the like.
In another valiant attempt to recover from Spain’s property crash and to offload uncountable properties for sale on their books, Bankia, has launched its first eBay style property auctions. More than one thousand properties from SAREB bad bank have been made available to bidders from 43.393€ and in many cases, the newly reduced price is 40% lower than the original sale price, which is excellent news for cash buyers.
Anybody who has lived and worked in the Canary Islands for any significant amount of time knows that business owners must navigate a labyrinth of regulations and procedures to ensure their business operates legally. The Canaries are predominantly touristic so it is only logical to assume that specific laws have been drafted to govern the sector and to assure the quality of the products and services on offer to our visitors.
