Ibavi will guarantee the purchase of homes for people with an income of less than €68,500
The Balearic Housing Institute (IBAVI) will guarantee 20% of the mortgage down payment for the purchase of a home, a measure aimed at helping all those people with the financial capacity to pay the mortgage loan but who cannot assume this initial expense. All in all, the range of possible beneficiaries arranged by the Government is strikingly wide, since people with an income of up to 68,541 euros per year -6.5 times the Public Indicator of Income for Multiple Effects (IPREM) with the modifying coefficients that the community itself can establish-, 73,437 euros in the case of couples.
Other conditions will be those of accrediting a minimum of five years of residence in the archipelago or not having any other home already owned. The maximum price of housing, free or protected (although it was specified that the bonds will be released "preferably" for the purchase of private official protection housing), will be 270,000 euros, as explained by the Minister of Mobility and Habitatge, Josep Marí. Said price, "is an appraised price that falls within the prices agreed between promoters and the Government." The measure will take effect on January 1.
REU receives the award for portal of the year in Spain
REU has been nominated in the Real Estate Portal of the Year category in Spain (Balearic Islands). We have been chosen as the winners of 2021/22. This recognition is an honor and a reward for the efforts made throughout the pandemic to improve the services we offer to our partners and customers.
During the awards process, more than 100,000 companies and corporate...
What is the Okupa movement and how can we protect ourselves?
Okupa is a movement that began in the 70's that seek the opportunity to forcibly and illegally invade an abandoned apartment, chalet or building. In Europe this type of people is very common, more than everything in Spain due to the difficult situation of acquiring a private...
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Real Estate Meeting
At the meeting on September 30, we will have the presence of the REU programmers, to present the latest updates and the advantages of publishing all the properties, also publicly, to users who may be interested in buying or rental.
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Legacy homes can be sold now without waiting for unforeseen heirs
With the pandemic and the death of many elderly people, the real estate sector has received a significant injection of housing stock for sale and rent. With the legal change on Friday, inherited home purchases that in the past required a warning from notaries to buyers, are no longer valid. Until now, many of these operations could be blocked or be susceptible to mistrust, due to the risk...
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The sale of homes rises 53.5% in July and marks its maximum in 13 years
The statistic chains five consecutive months of positive rates | The sale of used apartments increased 56.9%
The sale of homes soared 53.5% last July in relation to the same month of 2020, to add 50,258 operations, its highest figure since April 2008, when more than 54,000 transactions were carried out, as reported this Wednesday the...