Avoiding the risk of Spanish property embargoes
It can come as something of a surprise that in Spain certain authorities have the power to embargo your property and, ultimately, put it up for auction if a bill remains unpaid.
It can come as something of a surprise that in Spain certain authorities have the power to embargo your property and, ultimately, put it up for auction if a bill remains unpaid.
The Spanish government is tightening up on applications for residency certificates or cards in Spain. It isn’t enough any longer just to say that you want to live in Spain, you must prove that you have the means to do so.
Now that Spain’s new co-payment system for medications and prescription charges has come into effect we are beginning to see what the process looks like. There has been a lot of anxiety among residents of all nationalities about what the implications might be. This has not been helped by the trickle of information and regional differences in application.
The Spanish health service is under pressure. One of the ways in which it is hoping to increase revenue is through prescription charges. But announcements about the increase in the cost of prescriptions have caused both consternation and confusion.
With a lack of potential buyers for Spanish property in the United Kingdom and other traditional foreign markets it’s not surprising that sellers are looking further afield for buyers.
If you own a property in Spain it is likely that at some time or another you will have contact with your national consulate or embassy. In Spain, different countries have an embassy in Madrid and consulates in other Spanish cities. In your own country there will be a Spanish Embassy in the capital and Spanish consulates in different regions.
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