Spain is currently considering a significant policy change: a 100% tax on property purchases made by non-EU residents. This proposal, announced by Prime Minister Pedro Sánchez in January 2025, aims to address the nation's escalating housing crisis by curbing foreign investment, which is believed to drive up property prices and reduce availability for local residents. Scope of the Proposed Tax The...
Marbella, renowned for its luxurious lifestyle and picturesque beaches, is set to implement new regulations on holiday rentals starting January 2025. With approximately 6,994 tourist accommodations, Marbella ranks fourth in Spain for the number of such properties, following Madrid, Barcelona, and Malaga. In response to the growing number of holiday lets and their impact on the local housing market, the...
Relocating to Spain, especially the stunning Costa del Sol, is a dream for many people seeking a better lifestyle, beautiful weather, and a vibrant community. However, making the move requires careful planning to ensure a smooth transition. This guide will walk you through the process, provide essential tips, and help you avoid common pitfalls. 1. Research the Area and Choose the Right...
In recent years, Spain has emerged as a top choice for Americans looking for new investment opportunities, second homes, or even a full-time move abroad. With its sunny Mediterranean climate, rich culture, and diverse real estate market, Spain offers an ideal setting for anyone looking to embrace a slower pace of life, explore beautiful cities, and enjoy a vibrant expat community. At Property del Sol,...
Recently, something significant changed for the Costa del Sol: new direct flights from New York City to Malaga made it easier than ever for Americans to reach this sunny, sought-after corner of Spain. As a result, the Costa del Sol has seen a noticeable increase in American visitors, many of whom are discovering the appeal of the region for the first time. What’s more, these direct connections are...
For years, Spain’s Golden Visa has been a popular choice for non-EU nationals seeking residency through investment, particularly among British citizens post-Brexit. However, recent changes to the program have altered its structure, especially for those hoping to gain residency through real estate purchases. In this article, we’ll look at what the Golden Visa was, how it’s changed, and the current...
Buying a house in Spain can be a dream come true for many, but as a foreigner, there are some specific pitfalls you should be aware of. Here’s a look at common issues, along with tips on how to avoid them for a smooth property purchase. Contact us, and we'll ensure a smooth and painless process. 1. Understanding Legal Requirements Pitfall: Spanish property laws differ from those in many other...
Firstly, we can connect you to the right people to help you get your NIE, so contact us and we can connect you to the right lawyers to make the process quick and painless. A miracle in Spain! If you’re moving to Spain, whether for work, study, retirement or buying a house, understanding the importance of the Número de Identificación de Extranjero (NIE) is crucial. This identification number for...
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