Invest in real estate in Spain
If you are thinking of buying a property in Spain, we have many tips for you. The economic situation in Spain looks great and the real estate market is growing again. The situation is like 2007, the year before the crisis, as confirmed by Bloomberg. Therefore, the period is excellent because income is increasing and the return on investment can be very high. Next, we will offer a general description of Spanish legislation for foreigners who wish to invest in the Spanish real estate market. , say that there are no restrictions for foreigners to acquire property in Spain, be they housing, commercial spaces or land. You only need a tax identification number that you can obtain in a few days if you reside in the EU or in a few weeks if you do not reside in Europe.
Spain currently offers a “Golden Visa” program if you invest more than € 500,000 in Spanish properties, so if you buy one or more properties, you will automatically be entitled to a residence visa that allows you to live in the country. The main objective is to attract retirees and buyers of holiday homes. When buying a property in Spain it is necessary to take into account the rates and expenses, these commissions usually range between 6 and 13% of the value of the property. Include the property transfer tax that varies from 5 to 10% for existing properties according to the region, or 10% VAT for new properties throughout the country. Notary fees for filing and registration fees vary between 1 and 3%. Beahost.net has a lot of experience with foreign buyers and we can provide advice in multiple languages. We offer a wide portfolio of properties throughout Spain and we support you at every stage of the investment. We do not charge any commission to the buyer and you are totally free to choose the notary or the bank for a possible loan. However, we can advise you on notarial studies and help you with bureaucracy.
As Beahost.net is a real estate management company, we can also offer you a short term rental management service. We take care of your accommodation by publishing on multiple platforms in search of suitable clients and organize check-in and cleaning. The advantage for you is enormous, since you can enjoy your vacation home whenever you want and make a profit from the rental of your accommodation.
Contact us for more information and to schedule a visit without obligation.