THINKING ABOUT BUYING A HOUSE IN SPAIN? - JURISLEG:

Thinking about buying a house in Spain? Requirements you need to meet and help we can offer from Jurisleg:

British citizens who were living legally in Spain before December, 31st 2020 can buy a house just like any EU or Spanish citizen. They do not have restrictions from the authorities or legal requirements to meet apart from the ones demanded for the rest, mainly related to tax payments.

Unfortunately, since Brexit came true in January, 1st 2021, people from the UK who are interested in buying a house in Spain will be bound to the regulations set for non-EU countries’ citizens.

The main setbacks are (1) further difficulty in getting a mortgage loan; (2) tax increase -you will have to pay the 24% of non-resident income tax. Before it was the 19%. Also, and in case you rent the house during the periods you are not living in it, you will have to pay the 24% over the ‘catrastal value’ multiplied for the 1,1% or the 2%, depending of its last revision); (3) living time limitation -you cannot stay more than 3 month in Spain unless you ask for and are granted a regular residence permit. Before Brexit, you could stay without time limitation; and (4) Spanish Ministry of Defence’s authorisation to buy a house or a land in certain coastal areas (Gibraltar, Cadiz’s bay, Spain and Portugal’s border, some area in Torrevieja and Orihuela, part of the Galicia coast, islands and Spanish territories in the north of Africa).

In Jurisleg we have a team of English-speaking Lawyers specialized in the Real Estate sector, including legal proceedings with authorities and private persons. If you want to start a new adventure in Spain buying a house do not lose your faith and contact us to begin with the procedures.

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