Blog | Excellent Spain
The lawyer in Spain
Why we always advise you to get your own independent lawyer, who looks after your interests only during a real estate transaction. You are buying in Spain, a country with different laws and customs than you are probably familiar with. Furthermore there is usually a large sum of money involved so it would be wise…
Running costs of a property
Besides the standard costs of owning a property such as maintenance, cleaning, repairs, utility, etc there are a few taxes and fees that have to be paid for by the owner. Property Ownership Tax (IBI in Spanish), the owner, being a Spanish resident or not, has to pay this local tax. It is calculated on…
Taxes and Costs When Buying a Property in Andalucia, Spain
When purchasing a property in Spain, it’s important to understand that taxes and associated costs vary depending on whether you’re buying a newly built property from a developer or a resale property. Below is a breakdown of the current tax structure and typical costs for each case. New property from a developer: VAT (IVA –…
Property Requirements
Clarifying your property needs makes your search easier and reduces the chance of you buying a property that isn’t right for you. Just some things to think about: Will this be a holiday home for just a few weeks a year, (semi) permanent living and /or an investment property? You personally might like a tranquil environment…
