Information on Spanish real estate law
When purchasing or selling a property in Spain it is necessary to observe the country-specific regulations in order to satisfy the legal requirements in full and, on the other hand, to make full use of the tax advantages available.
We recommend, therefore, that our customers take professional advised from a competent law firm. Competent legal advice and preparation guarantees you not only the safe and legal purchase or sale of a property, but also the optimal taxation treatment.
Porta Mallorquina cooperates with selected law firms and lawyers in Mallorca who specialize in real estate law and, in particular, the sale and purchase of property in Spain by non-residents, and will advise you in your mother tongue.
In addition, we regularly inform about new developments in Spanish real estate and tax law in our blog and our monthly newsletter.
We have put together a selection of interesting articles on these topics for you. Please note that this is only general information, not legal advice, and the legal situations to which the articles refer may have changed in the meantime.
- New taxes for Mallorcan properties 2016: what buyers and owners need to know
Those who are living on the island for quite some time know: at the turn of the year, there will be some „famous” taxes changes in the Balearic Islands. Starting the year, the islands also have a new government and consequently many things will change that are especially interesting for buyers and sellers of properties.
- New tax laws for Spain in 2015
The proceeds from the sale of a property in Spain are taxable even for non-residents. From 2015, the tax rate on income to persons whose principal residence is in the EU is 20% instead of the previous 21%.
- Things to bear in mind before signing a Spanish rental agreement
Long-term rental in Majorca is also becoming increasingly popular for holiday homes. Often, the houses and fincas offered for rent are also available for sale and the prospective buyers have the opportunity to try out living in the property first.
- New right of residence for non-EU citizens in Spain
On 30th September 2013 the Spanish legal gazette – the Boletin Official del Estado (BOE) – announced the eagerly anticipated new Act for foreign investors. As of now, non-EU citizens who make a minimum investment of € 500,000 in Spain, for example in real estate, may apply for a so-called investor visa that is valid for one year.
- Everything you should know about Spanish real estate law
Gabriel Buades Castellá and Daniel Olabarría are lawyers that form part of Bufete Buades’ International Desk in Palma.
- New Rental Act takes effect in Spain
More flexibility, more control, and new rights: How the Spanish government wants to boost the crippling tenancy market and what implications this will have.