ADVANTAGES OF SIGNING A MORTGAGE BEFORE THE 2017

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Differential low ebb, less Commission and no euribor plus.

The sector financial Spanish is located in a time only. Unlike what was happening before the crisis, When interests were low but the price of housing was high, buying a property is now more affordable, mainly because these two indicators, price and interest, are found in levels low.

This situation causes a reactivation gradual of the market of the housing. According to the National Institute of statistics, the sale and purchase of housing is increased a 20,5 % year on year in June of 2016. A study by the financial comparisonHelpMyCash.com and analyzed by habitaclia.com shows the advantages that now have mortgages vs. the arrival of 2017.

-Differential more low, reaching its minimum

2016 It may be the last chance of sign mortgages to type variable with differential next to the 1 %. Entities are already transferring all its efforts to improve the range of its fixed rate mortgages and some banks have already begun to raise their variable mortgage differential.

Against what had been going on since 2014, banking has buried the hatchet in respect of mortgage spreads. The reason: the decline and consolidation of the euribor to 12 months in negative values.

Few entities have continued betting by the variable rate after six months with a euribor below zero. Spreads throughout the year sales are counted on the fingers of one hand. Currently, the differential half of those loans mortgage variable round the 1 %, According to data of the comparator.

On the other hand, Although fixed-rate mortgages offer unusual interests, still appear more expensive in the short term. Today is possible to sign a mortgage fixed below the 2 %, but a very short time, less than 10 years. For deadlines more own of the type variable, as they can be 30 years, those interests will rise until the 3 %, practically 2 percentage points above an average differential.

-In 2017, the commissions will be most common

Following the instructions of the Bank of Spain, entities are incorporating more commissions in its financial products. So far, variable rate mortgages not used to include opening Committee, However, each time there are more banks that are setting this tariff, it becomes effective to arrange financing. The Commission can oscillate between the 0 % and the 1 % of the capital borrowed. Like this, for a mortgage of 100.000 EUR, with a Commission from the 1 %, the client must pay an amount of 1.000 EUR.

Currently, There is a fee-free mortgage loans.Like this, If your client is going to sign a mortgage the last months of 2016, This is no doubt another advantage that it saves you interesting.

-The euribor plus more expensive the cost of those mortgages in 2017

According to the European monetary markets (EMMI), This new rate mortgage will see the light in 2017. Everything seems to indicate that its value of contributions will be positive and therefore higher than the current euribor. Like this, sign a variable mortgage months of 2016 supposed benefit from fees more affordable than in 2017, According to HelpMyCash.

It must take into account that the euribor plus is not a new index but a modification of the current. The euribor to 12 months, applied in the 90 % mortgage, are obtained with data estimates of the 24 major banks European. In order to obtain a more reliable and less manipulable indicator, the euribor plus no be based on estimates, but you will get with data real. Sample of entities that data will be expanded.

The euribor plus will apply directly to them new mortgages that is formed in 2017 and it will progressively in mortgage loans referenced to euribor signed before this date.

The advantage of signing a variable mortgage before 2017 It is that we enjoy a year with a lower interest, Since the euribor is listed at the -0,056 %, While the euribor plus quote in positive.

The sale of ’ housing increased in March and is 38.674 operations

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The sale of housing ’, According to the data of central statistical information ’ notaries, was increased in March 12016 a 5,8% year-on-, at the national level, with a total of 38.674 transactions.

Buying and selling homesThe average price per m2 of housing units sold in March 2016 He was of 1.261 €, that represents a slight increase from the 1.9% year-on-’.

Housing price purchases m2

The mortgage préstems ’ ’ for the acquisition of a property rose 17,1% CPI in March, up to 18.075 new préstems.

The average amount increased by ’ 2,7%, in the case interanuals, up to 125.265 €

Number mortgage

Who wins the League of housing in Spain?

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sales floors

 

Tecnitasa reveals the value of the flats in the vicinity of the football stadiums

The tasadora Tecnitasa has created the League of the Housing ’. It is ’ a rating on how much it costs to live near ’ a first division Stadium. The more elevated is the average value of the square meter in the “perimeter area” of ’ a football field, above the table there is the club.

Guess who is the champion?

THE RENT IN CATALUNYA IN 2015

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The Minister of Interior, Public administration and housing, Meritxell Borràs, He has presented the report on the rental market in Catalonia 2015 and has announced the creation of a new law of urban leases catalana (LAU) the next year. In the presentation, they have also participated the Secretary of housing and urban improvement, Carles Sala; the president of the Chamber of urban property in Barcelona, ??Joan Ràfols, and the economist specializing in real estate cycles, Agustín Jové.

The report on the rental market in Catalonia 2015 It is based on the data collected by the Catalan land Institute * (INCASOL), Depositary entity of the bonds of the rental contracts, and allows you to get an idea of some key aspects of the rental market in Catalonia.

In 2015, is signed 141.000 new rental contracts in all Catalonia, a – 5,3 % the previous year. From these, 40.000 corresponding to rents in the city of Barcelona, ??which means a decline of the – 8,5 % with respect to the 2014.

In the metropolitan area, In 2015, It signed a – 9,1 % of contracts that the previous year. In the rest of Catalonia, the number of rental contracts is maintained with a moderate and sustained growth. In the Penedès, grew by + 4,4 % and in the rest of the territory, a + 1,6 %.

Despite the drop in the number of new contracts, for the second year in a row, the balance of new rental contracts remains positive, with more than 40.000 contracts across the country. Currently, the INCASÒL has more than 520.000 registered rental contracts.

Average rent

Rental prices have increased both the whole of Catalonia at Barcelona, ??In 2015.
– In the fourth quarter of 2015, the average rental in Catalonia was 572 €/month, a growth of the + 3,9 %, compared to the same period of last year.
– In the fourth quarter of 2015, the average rental in Barcelona is placed in 755 €/month, a growth of the + 7 %, compared to the same period of last year.
– In the metropolitan area, the increase is the 4 %, and in municipalities outside the metropolitan area remains in + 0,7 %.

The Government dismisses bubble symptoms in rent since, Although the prices have gone up, has decreased the number of contracts.

The expert in real estate data Agustín Jové pointed out that "in Catalonia, The 67 % the contracts are among the 301 in 600 €. In Barcelona, ??The 56 % the contracts are between the 450 in 750 €; 34 % is above the 750 €; and the 10 %, cost less than 450 € “.

The regional distribution of the rental market.

Barcelona and its metropolitan area concentrates the largest number of new rental contracts. There is also concentration in regions where there is tourism and seasonal rental, how the Tarragonès, the Gironès, the Alt Empordà, La Cerdanya, the Alt Urgell and Solsonès.

The rental income are higher in the regions where there is more demand, with two exceptions: the Vall d'Aran, where there is little rent – up to 10 rents for each 1.000 people – but more than 500 €/month, and el Garraf, where there is 15 in 20 rents for each 1.000 inhabitants, of more than 500 €/month.

In Barcelona

From 2013, the income tax return of the rentals in Barcelona increases and is situated at the level of the year 2006. On the other hand, reduce operations from that same year.

The increase in the rental Park has been more than 9.000 households in 2015 and the average price has been 735 €/month. Ciutat Vella, Eixample and Gracia are the districts with more rental contracts: more than 30 for each 1.000 inhabitants.

The district where the rent costs more money is passing of the Sarrià-Sant Gervasi 1.000 €/month. On the other hand, in Nou Barris, the average rental is close to the 500 €/month. Is compounded the polarization of the city, where the most expensive district is 2,03 Sometimes the cheapest.

There are two districts with the rent below 600 €/month: Horta-Guinardó and Nou Barris, they are also the Chamber and fifth in district, respectively.

A new law of urban leases catalana

The Minister of Interior, Meritxell Borràs, He announced that the Government is preparing a new law of urban leases catalana in front of the inefficiency of the current Spanish LAU, reformed in 2013 by the Government of the PP.

The current LAU "only takes into account the major tenants, not balanced the rights and obligations between landlords and tenants, It's not efficient ", stated Borrás, who designed the new draft for the second quarter of 2017.

"We will discuss with stakeholders, a cheap, local and University experts. We need this dialogue for a new modern LAU, they look for alternatives to buying and renting, new formulas of housing tenure, more options ", added.

Tax on empty homes

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The Parliament of Catalonia, by the law 14/2015, the 21 of July, passed the tax
on empty homes, that has been developed by means of the Decree 183/2016, of 16
February, by approving the regulation of the tax mentioned. This regulation will
complete with the order that approves the model 510 self-assessment of the tax on the
empty homes.
In accordance with this regulation, the legal entities owned by households in the
the territory of Catalonia, or holders of any real right that confers the right to use
Economic Affairs of these, and which are empty without justified cause for more than two
years, are required, in its quality of contributors, pay and submit
the corresponding payment to households subject to the tax of which they are the holders in
31 December in the year of accrual of the tax.
The regulations provides an exemption for homes that are located in
areas of low demand accredited, According to the who will establish the sectoral territorial plan
of housing, which will be determined. Now, in both this plan has not been approved, and
in relation to the exercise 2015, the tax on empty homes will be of application to municipalities
listed in the annex of the Decree 75/2014, the 27 may, the plan for the right to housing, The
which connects the municipalities with a strong residential demand and accredited, and that is attached
in this writing.
The presentation of the payment and the payment of the amount of the corresponding tax debt,
must be carried out in the period between the day 1 and the day 20 the month of March following
in the year of accrual of the tax, telematics, in accordance with the provisions of the article 5 the
DECREE 183/2016, of 16 February, by approving the regulation of the tax.
You can find more information about both this tax as a process to
the address:
http://etributs.gencat.cat/ca/tributs/impost-housing-empty
This electronic processing is available both for own account (When the subject
liabilities coincides with the presenter identified with the digital certificate used), as to
salaried employees (by using any of the subscribed agreements adhered to professional to the ATC with
the different collaborating groups in the tax field).
You can find a list of entities to the address conveniades
http://etributs.gencat.cat/ca/atc/convenis .
For the resolution of any question relating to the management and payment of the tax, You can
go to the tax agency of Catalonia, through the e-mail address
cqs@atc.cat

An August with more mortgages

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The number of ’ mortgages on homes listed in property records in August ’ is 19.272, a 25,8% more than in the same month 2014.

The average amount of mortgages ’ August ’ increases a 0,6% in annual rate and is located in 104.318 €.

Catalunya is the third autonomous community with the highest number of ’ mortgages on homes in the August ’ 2015 with 2.545 mortgages.

Which leaves more capital to the Constitution of ’ mortgages on homes is in Madrid (489,4 million €), Andalusia (331,4 million €) and Catalonia (304,5 million €).

 

For more information on: http://www.apigirona.com/cat/news/new/file/226/

Law 5/2015, Amendment of the Civil Code of Catalonia. The 20 June enters into force!

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Published in the OFFICIAL GAZETTE of the law 5/2015, the 13 may, Amendment of the Civil Code of Catalonia, related to property rights.

The law takes a chapter corresponding to the legal framework for regulating the Horizontal Property owners ' communities in Catalonia, to streamline it management:

– delete the ’ obligation to do first and second call of the Board of proprietors.
– gives more visibility to the Vice Presidency and regulates this position.
– discard the possibility of compensation for the charges of the community.
– modifies the majorities required in the making of ’ agreements.
– encourages mediation in the event of conflicts encountered in the ’ area of the horizontal property.
– replaces the term “building” by “property”.
– the estates passed to “horizontal properties by plots”
Also ’ he published the law 6/2015, the 13 may, of ’ harmonisation of the civil code of Catalonia.

The ’ entry into force is the day 20 June 2015

The communities of owners should inspect their buildings

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DECREE 67/2015, of 5 may, for the promotion of the duty of conservation, maintenance and renovation of buildings of ’ households, using the technical inspections and the book of the ’ building.
The communities of owners should inspect their buildings.
The Decree affects existing owners communities.
All residential buildings must pass the technical inspection of buildings, (ITE), before meeting the 45 years old.
As regards existing buildings will have to occur on the following dates depending on what their age:

Age of the building between 1951 and 1960: Until the 31 of December 2015.
Age of the building between 1961 and 1971: Until the 31 of December 2016.
Age from 1971: The year that the building complies with the 45 years old.
Communities of owners have to have the book out of the building that, from the receipt of the report of the ITE, must contain:

Instructions or recommendations for the use and maintenance of the building and its facilities.
Document file (new construction, user manuals, maintenance, etc.)
Event log.

More information:
» Decree 67-2015, of 5 may, for the promotion ….PDF [ + ]

Reasons to be positive with the ’ housing, but going with account

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The official statistics reflect an apparent stabilization of the housing ’. The experts claim that demand for flats will continue to grow and confirmed that it is a good time to invest by the attractive ’ profitability. However, warn of the possible rise of the Euribor ’. Discount to do so in the short term but warn of the danger that there will be when they start to do.

In general lines, experts and stakeholders in the real estate sector held the signs of optimism that ’ begin to see clearly. But some voices are clear that it is not gold that glitters, and that you should go with feet of lead in order to avoid to occur another real estate bubble as the experienced.

Experts such as Ignacio San Martín, responsible for the ’ service BBVA studies Real Estate, or Juan Fernández-Aceytuno, Director general of ’ ST Company valuation, point out four factors that demonstrate that the property sector is ’ is stabilizing, and even, recovering:

1.- The demand for housing ’ will continue to grow: San Martín ensures that the families income in real terms is growing, which will favour the demand. In addition to, the wealth of the families ’ has stabilized. You also have to count not only with national demand, but also for foreigners. Believes that this year will produce a new record of buying on the part of foreign.

2.- The ’ ’ excess supply will drop: Although slowly, the ’ stock was gradually reducing. The Ministry of public works is the ’ surplus ’ in 563.908 units in 31 December 2013, While BBVA Research the figure in 450.000, of which considered that a 30% are invendibles. This financial institution is confident that for the 2016 the ’ stock ceases to be a problem and you start to really absorb it.

3.- Stabilization of prices and even revaluation: BBVA says emphatically that the price of the ’ housing is stabilized and ’ dares to predict price revaluations this year. Sant Martí notes that the new growth of the demand for housing and ’ ’ stabilization of prices will cause the mortgage portfolio of the banks win in quality. “If the ’ rise in demand brings with it an increase in the funding and a stabilization of prices, This will improve the credit quality”, Add.

4.- Increase in the granting of mortgage ’: There is a return to mortgage financing, especially for individuals who want to buy a home. The banks have the need to give loans to increase earnings by interests of mortgages. In the current ’, the mortgage balance is falling and will continue to do so in the coming months if it is not that the banks stepping the accelerator ’ in the granting of mortgage loans.

But not all are positive news. If something has to worry about in this sector is a Euribor at historic lows. For the person you think about mortgage today, you have to keep in mind that the ’ Euribor, the ’ indicator used for the calculation of mortgage loans, has the entire route to climb.

For example, Adicae is one of the organizations that recommended not mortgaged today because “is a risk of non-payment ’ in the future”. The ’ Euribor is below but how much start up will cause the mortgage payments are high, as it spreads remain elevated with respect to the ’ era pre-crisis. “A superior interest at euribor plus a difference already represents a large increase. Above ’ Euribor + 2 It is dangerous “, make sure Manuel Pardos, ’ President of Adicae.

That's why there are experts like Juan Villén, responsible for ’ idealist mortgages, We recommend taking out a mortgage to a fixed rate so that you know what you pay every month. At the beginning of this year ’ Kutxabank launched a mortgage with a fixed rate of 2,5%.

The ’ municipal added value tax could be unconstitutional when it sells a House for losses

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A court in San Sebastian has been the first to put into question the constitutionality of the tax ’ of municipal added value when a home is sold in losses, that is to say, When ’ gets a negative performance in the ’ operation because the ’ property is sold below the cost of buying. According to the law firm Legal Penthouse-Salcedo Lawyers, the Basque Court has raised the unconstitutionality of the tribute to understand that violates articles 24 and 31 the Magna Carta.

Apparently, Finance stipulates this tax regardless of the specific circumstances of the transmission of the ’ housing and calculates the tax base so totally oblivious to the profit or loss that you have retrieved from the seller in the ’ operation.

This circumstance, in the operations in which there are losses, infringement containing the ’ article 31 of the Constitution: “All will contribute to the maintenance of the public expenditures of ’ according to their economic capacity through a fair tax system based on the principles of equality and ’ progressiveness that, in no event shall, will be available confiscatori”.

This is, for the Court of San Sebastian the ’ application of the method proposed by the Tax Law, in the case in which an operation ‘ in losses’ shows that the ’ increase in the value of the municipal land is not real or true, so we require your payment could pose a violation of the principle of economic capacity.

In addition to, According to Legal Penthouse, “the fact that the regulations do not consider the possibility that the transmission produces a loss or disability means the burden of ’ a fictitious increase that, to be calculated by default by the method provided in the standard, may not be either the object of expert assessment ’ contradictory for the determination of the tax base, or support test on the contrary”.

This, According to the opinion of the experts, is a clear limitation of the right of defence provisions of the ’ article 24 of the Constitution, It stipulates that all people “have the right to obtain effective protection of the judges and courts in the ’ exercise of their rights and legitimate interests, without that, in no event shall, You can produce yourself defencelessness “and you also have the right” to use the means of proof relevant to their defence”.