Buying real estate in Spain: Your advantages at a glance
Whether you are planning to purchase a property on the Costa Blanca, Tenerife, Mallorca, Ibiza or directly in the metropolis of Barcelona – as the owner of a finca or apartment in Spain, you have various options open to you to improve your living situation both personally and economically. Find out what benefits await you when purchasing an apartment, house, villa, land or commercial property in Spain.
1. live where others go on vacation
Perhaps you dream of spending your retirement on the Iberian peninsula in a few years’ time, or you initially prefer to rent out with an option to sell at a later date: Thanks to the health-promoting Mediterranean climate, Spain scores not only as a popular vacation destination and inexpensive retirement residence, but is also a winner from an economic perspective.
2. tax and financial advantages of buying property in Spain
Provided that your tax residence is outside Spain, you will benefit from tax advantages in terms of wealth tax, income tax and inheritance and gift tax when financing the purchase of a Spanish property.
3. increase in value in popular tourist areas
The strategic acquisition of a property in Spain can have a value-increasing effect on the respective object of purchase. Depending on the location and tourist development, there is the possibility of profitably renting out your property until you can use it yourself, or selling it at a profit, which will improve your financial situation.
4. acquisition and leasing of a commercial property
By purchasing a commercial property, you give solvent tenants the opportunity to successfully start their business under the Spanish sun. Especially in the high season, you can generate lucrative amounts from rental income that enable you to reinvest and carry out maintenance measures in the low season with a view to an additional increase in value.
5. specialized real estate agents assist in the purchase
In order to make the purchase of a property in Spain legally effective and to avoid any mistakes, it is advantageous to involve another person in addition to the notary for the planned real estate purchase. This can be, for example, a specialized real estate agent who handles the pending purchase professionally and also fulfills an advisory function. We will be happy to help you with this.
Would you like more information about buying a property in Spain? As your personal advisor on site, we at WEISS IMMOBILIEN will accompany you on the way to your future dream property and will be happy to assist you with sound expert knowledge.