The Spanish property market is incredibly diverse. There’s a wide variety of different property types, some needing renovation and some brand new. There are properties to suit all budgets, spanning a range of different locations. Modern apartments, fixer-upper townhouses, luxury villas, rural retreats or exciting city pads – whatever takes your fancy. There’s a property for everyone in Spain.
There are different taxes for buying a property, owning a property and selling a property in Spain. You need to be aware that there are further and significant differences in how taxes are calculated depending on whether you are a tax resident in Spain (i.e. which you are if you spend more than 183 days of the year in Spain) or not.
Choosing a location to buy a property in Spain may come very easy to some buyers as they simply choose their favourite holiday spot. For others, there are many other considerations depending on whether this is going to be a purely holiday home or their permanent residence.
Buying a property in Spain, whether it is a holiday home, your first or next investment or a retirement to the sun, can be very exciting but also daunting. Here are some basics to help you navigate this exciting journey.
If you are planning a holiday or a viewing trip to Spain soon, you’ll need more than just your passport to pass through. Plus, find out why now is a great time for a viewing trip.