{"id":10646,"date":"2024-10-17T17:00:00","date_gmt":"2024-10-17T16:00:00","guid":{"rendered":"https:\/\/www.ingenieromalaga.com\/?p=10646"},"modified":"2024-11-26T14:18:20","modified_gmt":"2024-11-26T12:18:20","slug":"the-importance-of-ite-property-sales-and-rentals","status":"publish","type":"post","link":"https:\/\/www.ingenieromalaga.com\/en\/the-importance-of-ite-property-sales-and-rentals\/","title":{"rendered":"The importance of the ITE in the sale and rental of properties"},"content":{"rendered":"

With the current growth of the real estate market in Malaga, especially in the real estate sector, the rental<\/strong>it is important to bear in mind that the Technical Inspection of Buildings (ITE)<\/strong> is a fundamental requirement. According to the regulation<\/a>, all buildings more than 50 years old<\/strong> and\/or those protected<\/strong> must pass this inspection. At 2025<\/strong>This particularly affects real estate built in 1975<\/strong> or earlier.<\/p>\r\n\r\n\r\n\r\n

The ITE is a key requirement for your property.<\/strong><\/h2>\r\n\r\n\r\n\r\n

As we explained in our previous blog on the ITE - Technical Inspection of Buildings: prepare for 2024<\/a> <\/strong>The purpose of this inspection is to ensure the structural safety and the good state of conservation of the building. The non-compliance<\/strong> Failure to comply with these regulations can result in financial penalties and even in the loss of value of the property.<\/p>\r\n\r\n\r\n\r\n

Impact on the rental and purchase market<\/strong><\/h2>\r\n\r\n\r\n
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Buildings in the city centre<\/figcaption>\r\n<\/figure>\r\n<\/div>\r\n\r\n\r\n

The rise of the tourist rental<\/strong> and residential property in Malaga is driving landlords to take care of every detail to attract tenants or buyers. Having a ITE certificate<\/strong> favourable<\/strong> provides confidence, demonstrating that the property meets conservation and safety standards. Moreover, in many cases, tenants prioritise properties that guarantee adequate maintenance, especially if they are long-term contracts.<\/p>\r\n\r\n\r\n\r\n

On the other hand, a property without an updated ITE<\/strong> can lead to difficulties in sale and purchase transactions. Many buyers prefer to avoid buildings without this inspection, as it can lead to renovations and problems in the future. Having the ITE in force streamlines these processes, avoids municipal sanctions and reinforces the image of the building<\/strong>.<\/p>\r\n\r\n\r\n\r\n

Additional benefits of the ITE for homeowners<\/strong><\/h2>\r\n\r\n\r\n\r\n

Beyond regulatory compliance, performing the ITE can help owners identify needed improvements and aspects that are highly valued in today's market.<\/p>\r\n\r\n\r\n\r\n