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Arquitecto Francisco Casas 17, A06 (Geschäftszentrum Plaza Bendinat), 07181 Portals-Bendinat, Mallorca, Islas Baleares

10 basic tips you should consider before buying a holiday home

If you are one of those people who can afford to buy a property without financing, then congratulations are in order.

In reality, however, there are many more questions and problems involved, so it is important that you are well informed about the process, the facts and all the issues involved before you buy, so that you are clear about the first steps of the transaction.

Do you own property in Spain?

If you do not live in Spain for more than 183 days a year, you are not liable for tax in Spain. The exception to this is income from a property in Spain. In this case, you are liable for tax, but only on that property. This could be an apartment or a house that you use during your holidays, while your permanent residence is in your home country. You can also let the property on a permanent or occasional basis.

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