Welcome to our Ibiza real estate blog! This time, we're excited to share crucial information about villa tourist licenses on this beautiful island. If you're considering renting or buying a villa for your Ibiza vacation, understanding the process and importance of obtaining a tourist license is key. So, join us as we guide you through this fascinating world of hassle-free, authentic vacation...
Drone imagery in the realm of real estate has surpassed mere aesthetic enhancement; it has become an indispensable tool in the art of property sales. This technological marvel provides us with an extraordinary and compelling means to exhibit homes, especially those of opulent charm situated by the water. Drones unveil a distinct perspective that enables potential buyers to truly experience the ambiance...
"Ley 12/2023 de 24 de mayo de 2023 por el derecho a la vivienda, has come into force and was published in the Spanish Official State Gazette (BOE) on May 25, 2023." The Law 12/2023 of May 24, 2023, safeguarding the right to housing, has come into force and was officially published in the Official State Gazette (BOE) on May 25, 2023. This informative circular aims to elucidate what we consider the...
Owning a piece of paradise in Ibiza comes with its fiscal responsibilities, where both local property tax (IBI) and wealth tax demand attention. Let's delve into the intricacies, ensuring you're well-versed in the financial landscape. Local Property Tax in Ibiza – IBI – MOD210 Enter the realm of IBI, a municipal tax, an annual rendezvous for Ibiza property owners. Calculated based on the valor...
Non-residents selling property in Spain are subject to a 24% capital gains tax, except for those residing in another European Union, Iceland, or Norway country, where the rate is reduced to 19%. Since 2015, individuals from European Union or European Economic Area countries with tax information exchange agreements with Spain may benefit from a reinvestment exemption. The new habitual residence doesn't...
Many of our clients purchasing second homes in Ibiza express an interest in leasing their properties when not personally occupying them, especially during the lucrative high summer season. To rent out officially, a rental license is necessary, which can be applied for at the town hall. Certain criteria must be met by the villa, as outlined below. Tax on rental income in Ibiza If you are a...
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...
The new rental law establishes that the price index will be determined according to the reference index set by the Generalitat. As specified by the Generalitat, the new law "allows the Administration to classify certain areas of the territory as areas with a tense housing market and subject leases concluded in those areas to a rent containment regime." "Its application is excluded for leases signed before...
The Balearic Official Gazette (BOIB) has recently published the Urban Planning Law of the Balearic Islands, set to come into effect on January 1, 2018. This comprehensive law aims to bring about lasting changes and has incorporated over 30% of amendments proposed by various parliamentary groups. The final text is the result of a participatory process involving more than 60 professionals in the urban...