Construction

Building a house in Ibiza: The Definitive Guide

Building a house in Ibiza: The Definitive Guide Embark on Your Ibiza Construction Journey with Confidence: Crucial Insights for 2023 1. Start Construction in Ibiza with Confidence: 4 Key Points Are you ready to transform your Ibiza dream into reality? Whether searching for the perfect property or maximizing financial potential, building your villa can be the answer. Navigate the...

Navigating the Cédula de Habitabilidad: A Comprehensive Guide for Ibiza (2023)

Navigating the Cédula de Habitabilidad: A Comprehensive Guide for Ibiza (2023) PART 1: Introduction a. What is the cédula de habitabilidad and what is it for? The cédula de habitabilidad (habitation certificate) stands as an official document issued by the Consell Insular (Island Council), affirming a building's compliance with minimum dimensions, sanitary installations, and facilities necessary...

Buying Expenses in the Balearic Islands: Formentera, Ibiza, Mallorca, Menorca

Buying Expenses in the Balearic Islands (Formentera, Ibiza, Mallorca, Menorca). It's advisable to allocate approximately 14% of the property value for buying costs. This breaks down into various components: a maximum 11% tax (akin to the Spanish stamp duty), local taxes, legal fees, and notary fees. In the Balearics, the tax structure is as follows: Up to €400,000: 8% From €400,001 to €600,000:...

Foreigners take advantage of the summer holidays in Spain to buy a property.

In the last semester of 2021, the purchase and sale of free-market housing by foreigners increased by 41.9% compared to the same period of the previous year, returning to a figure very similar to the pre-pandemic average records of 2019, according to data collected by the General Council of Notaries. The "Real Estate Tourist" chooses our country for its attractive investment potential and ease of purchase...

Embarking on the Exciting Journey of Off-Plan Property Purchase in Baleares Islands: Formentera, Ibiza, Mallorca, Menorca

Embarking on the Exciting Journey of Off-Plan Property Purchase in on of your favourite islands: Formentera, Ibiza, Mallorca, Menorca. 1. Safeguarding Your Investment: It's smart to wonder what happens to your deposit if the developer faces financial issues. To add an extra layer of protection, ask for a bank guarantee. This ensures you still have access to your funds even if the developer goes...

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