I am glad when clients ask me, "What are the fees for buying property in Spain?" First, it shows that you are a serious buyer, and second, it makes my job much easier when transitioning from different topics, such as legal, technical, and financial. We will briefly discuss what you must pay and the available options. However, we have a complete guide on all property taxes on the Costa del Sol,...
Property Law & Legal
Wenn Sie als Deutscher eine Immobilie in Spanien kaufen, stellt sich schnell die wichtige Frage: Muss ich Steuern in beiden Ländern zahlen? Die kurze Antwort lautet: Nein, denn dank des Doppelbesteuerungsabkommens (DBA) zwischen Deutschland und Spanien wird eine doppelte Besteuerung vermieden. Wie funktioniert das Doppelbesteuerungsabkommen? Das Doppelbesteuerungsabkommen legt fest, welches Land...
Investing in Spanish real estate is a popular way to combine lifestyle with financial return. The key is to keep things simple and focus on the fundamentals. Last year, rising prices outstripped inflation by a factor of five: officially, we had 2.7% inflation, while real estate prices in cities such as Fuengirola, Mijas and Benalmádena rose by 16%. At the same time, you can expect an average ROI of...
Buying property in Spain is completely legal and, surprisingly, straightforward for foreigners. No matter whether you’re from the UK, the US or anywhere else in or outside the EU, there are no restrictions on owning property in Spain. From what I have seen here on the Costa del Sol, most international buyers follow the same clear process. The Basic Steps to Buy Property in Spain To buy property...
In order to find the cadastral value of a property in Spain, you will need to consult official documents or access the Spanish Cadastre system (Sede Electrónica del Catastro). 1. Check the IBI Receipt (Most Reliable & Simple) The easiest and most common way is: Look at the latest IBI (property tax) bill The cadastral value is clearly stated there This is what most buyers and owners...
If you’re planning to buy a property in Spain, verifying the seller's ownership is an essential yet simple step. This will ensure that the seller is legitimate and that there are no hidden issues with the property. Check Ownership With a Nota Simple The most reliable method is to request a Nota Simple from the Land Registry (Registro de la Propiedad). This document confirms: Who legally owns...
I meet British people every week here on the Costa del Sol, and I'm hearing the question more and more often: 'Can we buy a property in Spain after Brexit?' Can we live here?' The good news is straightforward: yes, you can still definitely buy property in Spain. Although a few practical details have changed, the process remains secure, well-regulated and familiar. Can UK Citizens Still Buy Property...
Yes, you have to pay tax when you buy property in Spain. The exact tax depends on the type of property. For resale properties, buyers usually pay property transfer tax (impuesto sobre transmisiones patrimoniales, or ITP), which is currently 7% in Andalusia, the region that includes the Costa del Sol. If you buy a new property from a developer, the taxes are different. Typically, buyers pay VAT (IVA)...
When exploring Costa del Sol real estate, many American buyers ask the same question: Can Americans buy property in Spain? The short answer is yes. Spain imposes no restrictions on U.S. citizens looking to purchase real estate. In fact, many Americans choose the Costa del Sol as a location for a second home, for retirement or for investment purposes. However, there are a few additional documents and...
If you are researching non-resident property tax in Spain, you may initially feel confused. I often see this with clients. The term itself is misleading. In reality, there is no separate 'property tax' for non-residents. Instead, there is an annual income tax levied on property ownership in Spain. Let me explain in simple, practical terms. What Is the Non-Resident Income Tax in Spain? Let's start...
