Property Tax (IBI) in Spain: How much is it?

Property Tax (IBI) in Spain: How much is it?

The IBI (Impuesto sobre Bienes Inmuebles) is the annual local property tax in Spain, similar to the property taxes paid to a county or city in the US. In Mallorca, the IBI usually ranges between 0.4% and 1.1% of the property's "valor catastral," which is the official government valuation of the home. Understanding the "Valor [...]
Leer +
Villas y Fincas Mallorca reviews: why we are the only dedicated buyer’s agency you need

Villas y Fincas Mallorca reviews: why we are the only dedicated buyer’s agency you need

Key Takeaway for US Buyers: Attempting to navigate the fragmented, complex Mallorcan real estate market alone leaves international buyers vulnerable to overpaying, legal liabilities, and wasted time. By hiring the VIP Dedicated Buyer’s Agent Service at Villas y Fincas Mallorca, you secure 100% exclusive, unbiased representation that grants you access to the entire island, fierce […]

Leer +
How to buy a villa in Mallorca through an LLC or a Spanish SL

How to buy a villa in Mallorca through an LLC or a Spanish SL

Key Takeaway for US Buyers: Purchasing a luxury villa in Mallorca through a corporate entity, such as a US LLC or a Spanish Sociedad Limitada (SL), is a complex but often highly beneficial strategy for high-net-worth individuals seeking privacy, liability protection, and potential tax efficiencies. However, navigating the cross-border tax implications requires a specialized legal […]

Leer +
What are the taxes on buying property in Mallorca?

What are the taxes on buying property in Mallorca?

When buying property in Mallorca, American buyers should budget between 8% and 13% of the purchase price for taxes and associated costs. The primary tax is either the Transfer Tax (ITP) for resale homes or VAT (IVA) for brand-new constructions, with rates varying based on the property's value. The Two Main Tax Paths: New vs. [...]
Leer +
Why do I need a condition survey (home inspection) in Mallorca and who arranges it?

Why do I need a condition survey (home inspection) in Mallorca and who arranges it?

Key Takeaway for US Buyers: A standard US-style home inspection contingency is not automatically built into Spanish real estate contracts. Because you are buying properties that may be centuries old or heavily renovated, a technical condition survey by an independent architect is vital. Our VIP Dedicated Buyer’s Agent Service coordinates this entirely on your behalf […]

Leer +
Does the Notary protect the buyer or the seller?

Does the Notary protect the buyer or the seller?

The Spanish Notary does not protect the individual interests of either the buyer or the seller. Instead, the Notary is a neutral public official whose duty is to protect the integrity of the transaction and ensure that it complies with the law of the State. They represent the "public faith," not the private parties. The [...]
Leer +
1 2 8

Comparar

Enter your keyword