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...
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...
"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...
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:...
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...
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...
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...