Property valuation in Spain

But that seems Spanish to me. Compared to the German expert opinion, there are neither expert committees, nor purchase price collections or Mietspiegel in Spain. Especially with this background, a special regional expertise and overview of the regional real estate markets is necessary. For this reason, I only evaluate real estate in the Castellon region, mainly in Alcossebre, Peniscola, Benicarlo and Vinaros. A typical Spanish feature is that the official sources of information such as land registry (Registro de la Propiedad) the land registry (Catastro) and the building authorities (Urbanismo ) can not work together and can not access uniform data. It is not uncommon that a land register extract no clearly identifiable property can be assigned. The error rate in Spanish land registers can be significant, since in Spain there is no obligation to have a real estate purchase notarized or even if this is done, the change of ownership of the land register display. Since all notifications in the cadastre and in the land register must be made by the new owner after the notarial certification and are not initiated by the notary, as in Germany, many changes of ownership have not been recorded. Additions and conversions regularly involve notarial declarations and are also to be regarded as a debt of the owner vis-à-vis the land register. The community, the architect or the developers do or can not do this. Unfortunately, it shows the practice that foreign real estate transactions are not sufficiently cleared up and about 35% of all real estate have serious land registry errors. For the foreign layman or foreign expert it is with view On top of the above, it is very complicated to thoroughly examine a property in Spain, regardless of whether it is a valuation or a transaction. Particularly important is the transparency of court reports with the involvement of Spanish real estate. The German hereditary wave does not stop at Spanish property. The beloved holiday home of the parents ... .Also, if the inheritance is handled by a German probate court (German certificate of inheritance) - for the Spanish assets a notary in Spain notarized inheritance acceptance (and inheritance tax payment!) Is absolutely necessary. For a property, the market value must be set out to declare the total value of the inheritance. Even in the case of divorces or gain-sharing, the parties rarely agree on a value of the property. For such cases, a neutral - independent - competent and comprehensible valuation appraisal In Spain, as a rule, the comparative value - the real value and, depending on the real estate, the income value is determined. Due to the still missing European standardization of the valuation basis, it is very important in Spain to hire a competent expert who knows the problems and can carry out professional valuation according to the best possible standard.

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