Investing in Spanish real estate is an exciting venture, but one of the critical early decisions you’ll face is whether to buy a new development or a resale property. Each option has its distinct advantages, and understanding them is crucial. In this blog, we’ll explore the benefits of buying a new development property and the advantages of purchasing a resale property in Spain while also considering the tax implications associated with each choice.
Tax Considerations for New Development Properties: When purchasing a new development property, buyers should be aware of the following taxes:
When choosing between a new development and a resale property in Spain, it’s essential to consider your personal preferences, investment goals, and tax implications. New development properties offer modernity and customization but may involve VAT and other taxes. Resale properties provide historical charm and immediate availability, often with lower ITP taxes. Carefully assessing these factors will help you make the right choice for your Spanish real estate investment.
No results available
Reset