The Land Registry
Properties in Spain must be registered with the Land Registry or “Registro de la Propiedad”. This is an official document that states the identity of the owner and contains other important information. But what is the benefit of this registration and how is it applied in practice? Registro de la Propiedad or Land Registry is an official document that includes information about the owner of the property. It also includes whether there are fees, perks, or any kind of charges. The information contained therein can also assist determine the boundaries of the property and the type of land it is built on and is an important check for anyone considering buying a property in Spain. This official registry is managed by the Spanish government, under the supervision of the Ministry of Justice. The Land Registry protects property rights and can provide important information through ‘not so simple’ information, including legal…
Real Estate Regulations: Some good News
Are there any regulations for real estate brokerage? Until recently, there were no formal regulations required of real estate agents in Spain. Today the situation is changing in some areas. In this article, we explain what the new expectations will look like, how your local agent will be charged, and what it means for buyers and sellers. Estate agents are one of the professional organizations trusted by people who want to buy or sell their property. Since real estate is probably the largest financial transaction you will ever make, it is a huge responsibility, but only now have measures and regulations been put in place for estate agents to hold those responsible accountable for the work they do. The approach to monitoring real estate agents is addressed at the regional level rather than at the national level. Andalusia, the Canary Islands, Madrid and Murcia have already begun requesting registration, and…