Key Takeaway for US Buyers: Yes, you can live in your Mallorca home year-round by securing a Non-Lucrative Visa (NLV). Designed for retirees and high-net-worth individuals with passive income, the NLV allows you to bypass the strict 90-day tourist limit. Our VIP Dedicated Buyer’s Agent Service coordinates with expert immigration lawyers to align your property […]
When purchasing a luxury property in Mallorca, American buyers should budget approximately one percent to one and a half percent of the total purchase price for independent legal fees, plus the mandatory twenty-one percent VAT applied to professional services in Spain. The Non-Negotiable Expense In the United States, the real estate closing process is heavily […]
Key Takeaway for US Buyers: Although the direct «Golden Visa» real estate pathway was closed in 2025, owning a property in Mallorca remains a massive strategic advantage for securing Spanish residency in 2026. Purchasing a luxury villa unequivocally satisfies the strict «Proof of Accommodation» requirements for the Non-Lucrative Visa and the Digital Nomad Visa, significantly […]
The fundamental difference between IVA and ITP lies in their jurisdiction and calculation. IVA is a national, flat-rate tax applied to new properties and paid directly to the seller. ITP is a regional, progressive tax applied to resale properties and paid directly to the local tax authority after the purchase. Two Taxes, One Purpose For […]
Key Takeaway for US Buyers: As of April 2025, the Spanish government officially eliminated the real estate investment route (the 500,000 euro property purchase) for the Golden Visa. While this specific residency pathway is no longer available in 2026, foreign property ownership rights remain entirely intact, and highly favorable alternative residency visas are still readily […]
Whether you pay IVA (Value Added Tax) or ITP (Property Transfer Tax) depends entirely on the status of the property you are purchasing. As a strict rule, you pay IVA if you are buying a brand-new property directly from a developer, and you pay ITP if you are buying a resale property from a previous […]
Key Takeaway for US Buyers: Illegal extensions are rampant in Mallorca, especially on rural fincas and older estates. Discovering these infractions requires cross-referencing the Land Registry with the local town hall’s urban planning files. Our VIP Dedicated Buyer’s Agent Service coordinates rigorous technical and legal due diligence to ensure you never buy a property facing […]
You cannot pay for a Spanish property by transferring cryptocurrency directly to a seller’s digital wallet, as the Spanish Notary system requires all real estate transactions to be executed in Euros. However, US citizens can legally buy property in Mallorca by converting their crypto wealth into fiat currency through regulated European exchanges, provided they pass […]
Key Takeaway for US Buyers: The Nota Simple is an official extract from the Spanish Land Registry that reveals the true legal owner of a property and any hidden debts, mortgages, or embargoes attached to it. Requesting and analyzing this document is the most critical first step of legal due diligence. Our VIP Dedicated Buyer’s […]
While you cannot illegally evade taxes, United States expats can legally minimize or completely eliminate their Spanish inheritance tax exposure through proactive estate planning. The most effective strategies involve leveraging the Balearic regional tax exemptions, utilizing bare ownership structures, and drafting a dedicated Spanish Will. The Difference Between Evasion and Planning When American buyers ask […]
