For foreign investors looking to purchase property in Torrox, it is essential to understand the tax implications in Spain. There are several taxes and fees that buyers must be aware of when making a property purchase, including: Property Transfer Tax (ITP): This tax is applicable when purchasing a second-hand property. The rate depends on the region, but in Andalusia, it ranges from 8% to 10% of the...

Properties for sale in Torrox The infrastructure and connectivity in Torrox are key factors that contribute to its appeal for long-term living and property investment. Despite being a small, picturesque village, Torrox offers excellent accessibility to nearby towns, airports, and main roads, making it a practical choice for both residents and investors. Road access: Torrox is well connected to...

Yes, the Golden Mile is constantly evolving, with new luxury developments being launched to meet the demand for high-end real estate. Many of these new developments feature modern villas, contemporary apartments, and state-of-the-art facilities, combining cutting-edge designs with traditional Andalusian charm. Recent trends in new developments on the Golden Mile include: Eco-friendly Villas: Many...

Yes, foreigners can buy property in Marbella and on the Golden Mile without any restrictions. Spain is known for its favorable property laws for non-residents, which makes it an attractive destination for international buyers. Whether you’re purchasing a villa, an apartment, or a townhouse, the process is relatively straightforward, although it’s essential to work with a local real estate agent and...

Financing a property purchase on Marbella’s Golden Mile is possible for both residents and non-residents, though the process may vary depending on your country of residence. Spanish banks offer mortgages to foreigners, typically requiring a down payment of around 30-40% for non-residents. The mortgage rates in Spain are relatively competitive, and the loan amount will usually be based on the...

The Golden Visa is a special residence visa granted by Spain to non-EU citizens who make a significant investment in the country. The most common investment is a real estate investment of at least €500,000, although other types of investments, such as business investments or financial assets, may also qualify. The Golden Visa allows the holder to live and work in Spain, offering access to the...

To obtain the Golden Visa in Spain, applicants must meet specific requirements. These include: Minimum investment of €500,000: This amount must be invested in real estate (free of any liens or mortgages). The investment must be made directly, not through funds or shares. Health insurance: Applicants must have private health insurance that covers them and their family members during their stay in...

Frigiliana, a beautiful white-washed village nestled in the hills of Málaga’s Axarquía region, is one of the most sought-after destinations in Andalusia. Known for its traditional charm, breathtaking mountain views, and proximity to the coast, Frigiliana offers an idyllic setting for those looking to buy a rural house or apartment in Spain. Whether you're seeking a holiday home, an investment property...

Yes, it is possible to finance the property purchase for the Golden Visa in Spain. The Spanish law allows buyers to finance up to 70% of the property’s value. However, to qualify for the visa, the net amount invested must be at least €500,000. This means that if you choose to finance part of the property, you will need to invest €500,000 of your own funds, and you can finance the remaining...

Yes, one of the major benefits of the Golden Visa is that you can rent out the property you acquire. Many investors choose to rent their properties to generate passive income, especially in high-demand areas like Madrid, Barcelona, or the Costa del Sol, where the demand for rental properties is high. However, if you plan to rent the property as a vacation rental, you need to be aware of local...