Property news

🌟 La Zagaleta Acquired by Modon Holding: Europe's Most Luxurious Residential Estate 🌟 💼 Modon Holding, based in Abu Dhabi, has acquired 100% of La Zagaleta S.L., the exclusive owner of the La Zagaleta luxury residential estate in Benahavís, Spain. This milestone marks Modon's entry into the European high-end real estate market and aligns...

🚨 The Ministry of Labor fines real estate companies more than €250,000 for false self-employment 🚨   🏘️ Many major real estate companies in Marbella 🌴 have been fined 💸, as a significant portion of their permanent staff 🧑‍💼 lacks proper work contracts 📄. 🔍 Massive inspections and fines hit the sector hard: smaller companies threaten to close 🚪 🏢 Real...

🔍 Understanding the Reform of the Ultimate Beneficial Owner Registry in Spain 🇪🇸💼 In April 2021, Spain incorporated Directive (EU) 2018/843, known as the EU Fifth Directive on Anti-Money Laundering, into its law via Royal Decree-Law 7/2021. This directive aims to prevent money laundering and terrorist financing through the financial system. 💰🚫 One significant change brought by the...

🌍🏡 Spain's Mortgage Landscape: A Positive Paradigm Shift Unveiled! 🏡🌟 In a captivating turn of events this summer, the dynamics of foreigners seeking mortgages in Spain underwent a significant and positive transformation. Departing from the status quo, Germans have taken the lead, representing a substantial 13.1% of total mortgage applications in the third quarter. This surpasses the...