On November 14, 2024, the Spanish Congress passed an important amendment to the law that...
Information for buyers
If you are planning to buy a property in Spain, there are some important points you should bear in mind. Here you will find a clear summary of the most important information:
A valid N.I.E. certificate is required for the purchase of real estate.
The N.I.E. number ("Número de Identificación para Extranjeros") is used for identification at public offices and other service providers. This tax number for foreigners is one of the most important documents for Mallorca fans, not only when buying property.
Confirms the habitability of a property.
Should be renewed every 10 years, especially in view of a future resale. Not a must, but advisable.
"Certificado de no infracción urbanística": Confirms that no building violations have been reported to the authorities.
"Certificado de situación urbanística": Provides information on the total stock of the property. Only the owner can apply for this certificate.
The building permit, building project and building plans should be presented to the buyer.
The certificate of habitability is issued by the architect.
Buyers should obtain the "DRIAT" or "ETV" license.
Receipts from the ATIB for property tax and garbage fee for the last 4 years are required.
The buyer pays these costs pro rata in the year of sale.
The Balearic Tax Office (ATIB) is responsible for local taxes, including vehicle tax.
The buyer pays the transfer tax, which is calculated according to the value of the property.
A Spanish (!) bank account is required for debiting ancillary costs, taxes and other fees.
All ancillary costs must be re-registered within 7 days of the sale.
It is recommended to consult a lawyer licensed in Spain for the purchase transaction.
The notary's office takes care of the notarial purchase transaction.
A Gestoría can help with official matters and sometimes also with tax advice.
The change of ownership must be entered in the land register and registered with the land registry.
Differentiation between rural and urban properties is important due to different building regulations.
It is recommended to hire an architect with a Spanish license and local construction companies.
Insurance for the purchased property is necessary.
If required, we can put buyers in touch with a trustworthy interior design firm.
In conclusion, buying a property in Spain can be complex, but with the right preparation and support, the process can go smoothly. WE HELP WITH EVERYTHING. If you have any questions or need assistance with buying a property in Mallorca, we are here to help.voluptua.
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