Entries by Gonzalo Calderón Chao


LEY 57/68-New appeal case won against BBVA and SGR for off-plan property buyers of Herrada del Tollo (Residencial Santa Ana del Monte-Jumilla) We just informed our client, who paid a deposit for a property in Residencial Santa Ana del Monte (Herrada del Tollo).  We won the case at 1st Instance Court in Alicante and now […]


Este Despacho se encontraba esperando la decisión del Tribunal Supremo sobre si los bancos y entidades que entregaron avales a distintos compradores de viviendas en construcción debían proteger también a compradores que no tenían avales individuales y que se encontraban desamparados. Hasta ahora el Tribunal Supremo se había mostrado reacio a proteger a compradores que […]

general bank guarantees case won at the Supreme Court

We have very good news because we are the 1st Law Firm to win  a case for off-plan property buyers who only had  general bank guarantees at the Supreme Court in Spain. The Judgement won is for clients who bought a property to Herrada del Tollo-Santa Ana del Monte Jumilla. TRIBUNAL SUPREMO-SALA DE LO CIVIL-PLENO Sentencia […]

Cancelling your mortgage at the land registry

If you have cancelled the mortgage for your property, it is important to inform the Land Registry about it. If you cancel your mortgage with the bank but never inform the Land Registry, the mortgage will still be registered against the property for 20 years. If you decide to sell your property and the possible […]

enforcement of foreign judgements in Spain

The enforcement of foreign judgements in Spain is very common. If you have a Foreign Judgement or Court Order from you country against any person residing in Spain, you can enforce it directly in the Spanish Courts. The European Union ensures that judgements obtained in one EU country can be recognized and enforced in any other EU country. Therefore, […]

End with your shared ownership property

If you bought a property with someone or if you are co-owner because you inherited it along with someone else, or any other reason, and one of the co-owners wants to keep your quota or vice versa, you should know that in Spain this transaction (called Extinción de Condominio) implies 1% tax instead of the […]

What is a Spanish Bank Guarantee?

What is a Spanish Bank Guarantee? It is a guarantee for the deposits you pay for your off-plan property to a developer. It can be issued by a bank or an insurance company. If you are buying an off-plan property you should think about securing the amounts paid in advance to the developer. Having a […]