When purchasing an apartment, there are a number of special features that the prospective buyer should be aware of.

These are in addition to important points on the checklist for every property purchase which are not discussed here: The current extract from the land register (“nota simple”); the cadastral information on the living space (which sometimes does not match the data registered in the Property Registry); and the certificate of habitability (“cédula”).

Since the summer of 2019, the process of real estate financing in Spain has changed in favour of consumers. On the basis of a European directive, a new mortgage law has been implemented in Spain which aims to protect consumers.
The law is only applicable to natural persons (individual borrowers or guarantors) and it does not apply to ‘legal persons’ (companies).

This is a question we are often asked by property owners in Ibiza.

To find the right answer we must look at the fiscal consequences (taxes) of a donation compared with those of an inheritance.