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  1. Cadiz Seagull

    Buying property abroad

    Varies from area to area. In Extremadura, it's only recently that they have clamped down, in the last year or two. That said, it's always been illegal. People who bought with lots of black money may well have a problem if they sell now with no black. They have to pay capital gains tax on the...
  2. Cadiz Seagull

    Buying property abroad

    You're taking a huge risk if you go down this route these days. We tell all our sellers our buyers will not agree to any black money. But we still get asked by sellers. We were offered a fantastic property a few months ago where the seller wanted 250k. It was worth every penny but the seller...
  3. Cadiz Seagull

    Buying property abroad

    Any decent lawyer will put a clause in the contract saying the sellers must clear all debts before completion. Otherwise the debt will pass to the new owner. Then they check the nota simple on the morning of completion to make sure it has been done.
  4. Cadiz Seagull

    Buying property abroad

    Agree with all that. Whereabouts are you inland?
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