28/10/2023
Spain – beautiful nature, historical sights and excellent food
Spain is one of the most visited countries in the World and it has long been a prevalent choice for foreign real estate investors. And it's no wonder, because of 3000 hours of sun per year and 8000 kilometres of coastline guarantees a perfect holiday. In addition, numerous cultural and nature sites guarantee that there is plenty to do.
🏠Housing costs
• The average house price is 1 943 €/sq. m.
Rent in Madrid
• Rent for a two-bedroom apartment 800 – 2 000 €/month.
• Rent for a four-bedroom 1 100 - 4,000 €/month.
Rent in Barcelona
• Rent for a two-bedroom 950 - 2,275 €/month.
• Rent for a four-bedroom apartment 1 500 – 4 099 €/month.
📈Real estate investments gross rental yield
• Madrid 2,99% - 6,91%
• Barcelona 3,33% - 10,03%
• Valencia 2,77% - 8.16%
• Córdoba 4, 00% - 7,32%,
• Alicante 4,57% - 6,79%,
• Seville 3,08% - 9,47%
• Palma de Mallorca 3,85% - 6.96%
• Murcia 3,16% - 8,67%
❗Property valuation
There are two independent value measurements associated with real estate in Spain, upon which various taxes and costs are calculated:
• The Cadastral Value of a property refers to the estimated capital value of a property officially recorded in the land registry.
• The Purchase Price refers to the sum agreed upon for the sale of the property.
💵Fees & Taxes
• No restrictions for a foreigner to buy a property.
• A foreign investor pays more overall fees and taxes.
• A foreigner must acquire a TAX ID or NIE before transaction to be able to pay taxes.
• ITP/IVA 6,00% - 10,00 % ➡️ buyer
• Stamp Duty (AJD) 0,40 % - 1,00 % ➡️ buyer
• Land Registry Fee 0,40 % - 1,00 % ➡️ buyer
• Notary Fee 0,1 % - 0,40 % ➡️ buyer
• Legal Fees 1,00 % - 2,00 % ➡️ buyer
Get to know our properties for sale in Spain ➡️ https://www.habita.com/country/3/Espanja
(source: https://www.globalpropertyguide.com/)
