NIE number

If you own property in Spain, or live here as a resident, you are going to need an N.I.E. number. This section explains what an NIE number is, why you need one, and how to get one, either in or outside of Spain. Spanish NIE Number Guide This guide is about Spanish NIE numbers for the purpose of buying property in Spain. If you need an NIE number for another purpose, for example to work in Spain, the...

New Spanish mortgage law 2019

The Law regulates the entire process of contracting a mortgage, from advertising to its signature, establishing new procedures that will affect both bank employees and their remuneration policies, as well as the client, who will have to make an extra effort to demonstrate that ‘Know what is done’ when signing a loan. For this reason, you should know the rule well. These are the 15 questions, with...

Costs when selling a property in Spain

The sale of a property in Spain can result a complex process, particularly if you don’t have the right information in advance. If you are planning to sell your property, the following information will help you to be prepared for that moment and will help you to avoid unpleasant last minute surprises. Firstly, let’s see what TAXES you will have to pay when selling a property in...

Calculate the return on your investment

Investing in real estate on the Spanish Coast is a safe way to invest. House prices continue to rise every year. So if you decide to sell your property later, you're definitely doing a good job. This also has a positive effect on the long-term return on your investment. Not only does the value of your property increase, your monthly rental income also increases as every year. If you want to enjoy...

Declaring your rental income in Spain

1. How much are your fees for the quarterly and annual declarations? On average 135,00 Euros +  IVA (163,35 Euros) for each quarterly declaration if the property has two owners (two tax submissions) and 110,00 Euros + IVA (133,10) if there is just one property owner (one tax submission). Normally the same for quarterly declarations on rental incomes than...

Duties of a property owner in Spain

Everyone owning a property in Spain, despite residency status, etc., has to pay the following two taxes to the local authorities (Ayuntamiento or Patronato de Recaudacion): “Impuesto de Bienes Inmuebles”. This is the Local Property Tax  or Council Tax. Some people call it the “rates”. It is based on the official value “valor catastral” of your property. Obviously the amount can...

What to do when a renter does not pay his rent

Three out of four owners fear to have to face a case of delinquency in the rental of their homes, according to the report by File of Tenant Tenants (FIM). According to this study, which argues that incidents due to late payments in rent have grown by 6.42% during the first five months of the year, 59% of the owners try to find out if tenants who have been interested in their property have a history of...

Compare listings

Compare