The Spanish real estate market has recovered since the crisis of 2008 and there are still many opportunities. Nevertheless, when you don’t know the language and even less the rules, it is important to prepare yourself for this important step that is the purchase of a property. Spain is not so different from other European countries, but it has specific rules that must be taken into account before starting. What are the steps to buy a Spanish property? I am Lisbob, the expat assistant, and I will explain everything you need to know about buying a property in Spain.
As an employee or self-employed person living in Spain, you will have to pay income tax. The Spanish tax is progressive and is directly deducted at source by the employer who pays it to the State. There are 7 tax brackets ranging from 19% to 49% and they start from the first euro of salary received, with some possible deductions. I’m going to tell you everything about income tax in Spain.
The Spanish real estate market has recovered since the crisis of 2008 and there are still many opportunities. Nevertheless, when you don’t know the language and even less the rules, it is important to prepare yourself for this important step that is the purchase of a property. Spain is not so different from other European countries, but it has specific rules that must be taken into account before starting. What are the steps to buy a Spanish property? I am Lisbob, the expat assistant, and I will explain everything you need to know about buying a property in Spain.
Among the administrative procedures to be carried out during an expatriation in Spain, obtaining the NIE is one of the most important. Indeed, the Foreign Identity Number (NIE) is a unique and personal identification number that is mandatory when registering as a foreign resident living in Spain. Without this NIE number it will be impossible for you to rent an apartment, open a bank account, find a job or even take out subscriptions. In short, the NIE is a mandatory step as an expat in Spain. How do I get it ? What documents are needed ? I am Lisbob, the expats assistant, and I am going to tell you all about the NIE in Spain.
As an employee or self-employed person living in Spain, you will have to pay income tax. The Spanish tax is progressive and is directly deducted at source by the employer who pays it to the State. There are 7 tax brackets ranging from 19% to 49% and they start from the first euro of salary received, with some possible deductions. I’m going to tell you everything about income tax in Spain.
You are an expatriate in Spain and you are looking for the house of your dreams, the one that will welcome all your lovely family? Or are you simply looking to invest in real estate in Spain and make a profit? The reasons for buying a house in Spain are many, and mistakes to avoid too. Indeed, many expatriates who rushed during the acquisition of their property in Spain and who unfortunately had to face many adventures, and sometimes significant financial losses. House seized after purchase, bad estimate of property taxes, we must be careful when buying a house or real estate in Spain. What are the pitfalls to avoid when acquiring a property ? What are the 5 mistakes to avoid ? Lisbob, the expatriate assistant in Spain, accompanies you on this wonderful adventure. Here are the 5 mistakes not to make when buying your house or real estate in Spain.
