The person supposedly buying the painting had, on a number of occasions, told the property buyers that the funds were on their way and that after a few more checks from the bank and money laundering department and once these checks had been done and further paperwork received, the funds would be on their way.

The buyer pulling out…awful for all parties but to lose that money and have had no complaining in the outcome is pretty awful. The only losers in this case are the property buyers but as I explained earlier, it was out of their hands — nobody would have put down the value of an apartment as a deposit if they knew that they were messing about.

View videos on Youtube Three right arrows icon. See previous editions. It's easy to schedule a virtual viewing with Spanish Property Choice. My wife and I would like to thank you personally and the rest of the team at Spanish Property Choice for the excellent way in which you handled the sale of our property.

We are both pleased and cannot thank you enough. We have already recommended SPC to others we know who will also be returning to the UK in the near future. Once again many thanks. John and Elizabeth Daykin. SEARCH Sales For Sale - All For Sale - Coastal For Sale - Country.

Province Any province Alicante Almeria Cadiz Granada Jaen Malaga Murcia. This practice is not only unethical but is also illegal under Spanish law. In this situation, both the seller and the buyer would be committing a tax evasion offense, which is a serious crime.

The seller may suggest this to reduce their capital gains tax liability, as it would appear that they are selling the property for a lower price. For you, the buyer, while it might reduce your immediate liability for the property transfer tax, it could increase your capital gains tax liability when you come to sell the property in the future.

This is because it would seem as though you had sold the property for a greater profit. The Spanish Tax Authority conducts regular inspections and punishes this type of offence. Additionally, please note that your refusal to pay in cash should not affect the agreed-upon price of the property.

The legality of the transaction should be paramount, and any reputable seller should respect your decision to abide by the law. Thank you so much for this valuable information! It is very clear and concise. It actually brings me to another question regarding estate agents.

What are the regulations for estate agents in Spain? Do they have to take an examination and obtain a license before opening an agency? Thank you again. Your email address will not be published.

Save my name, email, and website in this browser for the next time I comment. Risks of paying under the table for Spanish property.

Home Blog Risks of paying under the table for Spanish property. What is paying under the table? Why pay under the table for Spanish property? Play safe when buying Spanish property As this article shows, the risk involved in paying under the table for Spanish property is high and it could end up costing you thousands of euros more.

Maria Luisa Castro Director and Founder.

CASH BACK OFFERS: Every property you view for the first time with us, from any of our friends in Spain, will come with the unique bonus of a SPB Cash-Back Offer Benefit from our €5, cashback offer on any listed property. Our FAQ on property hunting in Spain. Can I buy a property in Spain without being there? Yes It involves a cash payment that does not officially exist and is never declared to the tax authorities. VAT also goes undeclared and unpaid. It forms part of

Video

Spanish property cashback program - This is good news for you as a client, as we will guarantee to give you a cashback of 1% of the purchase price of your property, payable on completion CASH BACK OFFERS: Every property you view for the first time with us, from any of our friends in Spain, will come with the unique bonus of a SPB Cash-Back Offer Benefit from our €5, cashback offer on any listed property. Our FAQ on property hunting in Spain. Can I buy a property in Spain without being there? Yes It involves a cash payment that does not officially exist and is never declared to the tax authorities. VAT also goes undeclared and unpaid. It forms part of

All card payments count, regardless of whether they are made with a physical card, Google Pay, Apple Pay, or online shopping.

To mark the launch of Cashback 2. More information about Cashback 2. Vivid Beat now available for all After the successful beta test of Vivid Beat with over Vivid users, registration is now open to all customers.

With Vivid Beat, the community can exchange information about the development of the financial markets as well as their own trading experiences and share personal opinions and tips.

This exchange is intended to enable even more people to enter the world of investing and saving and to make smarter investment decisions. Version 2. All features will be rolled out gradually to all Vivid customers in Germany starting today.

The company's mission is to provide their over , customers throughout Europe with a superior banking and investment experience and to offer a wide range of financial services without unnecessary fees. Vivid Money was founded in in Berlin and consists of an international, highly qualified team of more than employees.

Vivid has already raised over million euros from renowned investors, including Ribbit Capital, Greenoaks Capital, and the SoftBank Vision Fund 2, and is valued at million euros. With the release of app version 2. Together with Banking-as-a-Service platform Solarisbank, Vivid launches Spanish IBANs.

From now on, users will be able to set up savings plans for over 3, shares, ETFs, and precious metals. press vivid. Your personal shopper will search the market for you.

He is on the ground and can make many visits in one day… Surfing the Internet in search of your ideal property, arranging meetings and visiting them will take a long time.

It´s complicated. What are the properties that buyers are searching for today? Which one suits your project the most? Which are the best neighbourhoods in the city? Where to start searching? Who to trust?

When you don´t know the answers to these questions, property buying can turn into a very stressful process. The property hunter is not working for the seller as the real estate agents are. His goal is to protect your interests: the interests of the buyer.

Language could be a barrier which brings additional challenges. The search is mainly in Spanish, as most local real estate agents are only speaking Spanish. And of course, all the legal paperwork in Spain is Spanish. So, it will help the process a lot to have a local intermediary speaking Spanish and at the same time speaking your language or at least English.

Once you bought the property, the real work starts: Opening utility meters, getting in contact with the property owners, paying taxes,…Renovation work? I guess you will need some local partners, no? Buying for investment, I guess you will need a property manager,….

Most property hunters will organize a meeting or a call in order to understand what the customer is ideally looking for:. Buying a property in Spain has its own costs. Owning a property as well! Once the customer knows all about the personal shopper and he is confident that he is a good partner, the real estate personal shopper will send his contract to the customer with the detail of his mission and the financial terms.

After signing the contract, usually, the customer will have to pay an initial down payment to cover the initial costs and start the mission. The real search is starting now. The real estate shopper will first establish a list of the different criteria of his customer. Then he will get in touch with his contacts at many different real estate agents and he will search the market and the different portals.

Once he has found a property, he will organize visits. Once the property finder has found a property fitting the criteria, he will revert to the customer. Please enter your username or email address. You will receive a link to create a new password via email.

Gavota Edificio Royal El Paso El Rincón El Tesoro del Galeon Flamingo Jardines Colgantes Jardines del Sur La Chunga La Finca La Florida Laderas Del Palmar Lagos de Fañabé Los Brezos Los Diamantes 1 Los Diamantes 2 Los Girasoles Los Seres Magnolia Golf Resort Mareverde Marina Palace Paraiso Oasis Golf Resort Panorama Paraiso del Sur Parque Albatros Parque Carolina Parque Cattleya Parque del Conde Parque la Duquesa Parque Margarita Parque Santiago 1 Parque Santiago 2 Parque Santiago 3 Parque Tropical 3 Playa Honda Apartments Port Royale Porta Nova Rocas del Mar Rosamar San Marino Solum Sueño Azul Sun Villas Tajinaste Teneguia Terrazas del Conde 2 The Palms Torres de Yomely Victoria Court 2 Vista Hermosa Windsor Park Winter Gardens.