This is something to have in mind when you're thinking of buying a property in Spain post Brexit.Regarding the issues of Brexit, whether you are a resident or non resident you have to be aware of the If you’re buying a property in Spain after Brexit and you’re looking to visit for short periods of time you won’t feel any difference.It is uncertain at the moment, but if you’re willing to visit your property for an ongoing period of time longer than 90 days you might be required to get a Visa. We will have to wait for negotiations to resume so we can know more about this matter.You will be able to rent your property without an issue but there could be a catch.As a Spanish or EU citizen the rental income tax is 19%, therefore Brits pay this percentage at the moment. This isn’t as daunting as it sounds and it will only require a small payment at the airport. Is to everyone's good.Finally, the biggest uncertainty is whether you can move to Spain in your brand new property or not. This is something that is keeping everyone awake and could have a potential impact on UK citizens after Brexit.The property market in Spain has fluctuated a lot throughout the past years, however it has been in a recovery phase since its devastating 30% fall between 2008 and 2014. There will probably be a bit more paperwork to do, such as the visa waiver ETIAS scheme. LayoutA staircase leads (...)Quiet house suitable for double occupancy On the Spanish coast, the province of Alicante ends the first half of the year as the province with the most homes sold in relation to the number of inhabitants.This area is unique because it offers a harmonious blend of Spanish culture, great weather, outstanding leisure activities, amazing food and beaches mixed with a big community of expats living here.This large villa with pool has two floors and can be used by two families Buying property and moving to Portugal after BrexitPortugal has become a popular destination for British property owners, with over 50,000 Brits living in the country. The withdrawal agreement with the EU should guarantee residence for Britons who move to EU countries before Brexit. Find out what are the tax benefits you will have if you retire in Portugal.There are also a couple of tax impacts for holiday home owners. While Brexit will end British citizens' Freedom of Movement rights, it looks likely that Portugal will introduce relatively relaxed arrangements for residence. It only takes an average 6-8 weeks in Portugal from making an offer to completing on a purchase, but you will also need some time to register for residence, organise healthcare, and so on.

It's worth noting, though, that you'll be limited to 90 days in any 180 spent within the Schengen area - not just Portugal. With this said, it is likely that the Spanish government does their best to keep this flow going, meaning they will make it as easy as possible for UK citizens to buy, visit or stay in Spain. There are two ways round it; rent the place out, or - if you have cash or unused borrowing power - buy a small and cheap property in Portugal, and move quickly.

(British Portuguese-resident owners will also be unable to benefit from one specific tax exemption if they repatriate; currently, if proceeds from selling your main residence are reinvested in another home within the EU or EEA, they're exempt. This is because these are basic factors in an everyday life and there should be taken into consideration heavily.Buying, selling and tips for the Spanish property market.Do you like our article?

Questions like, should I buy property in Spain after Brexit? Currently Brits who own holiday homes in Portugal benefit from EU provisions which bar member states from imposing a higher rate of income or capital gains tax on citizens of other EU states. The areaThe specific location is guaranteed an (...)Built on three plots, two kilometres from the beautiful seaside town of Moraira. Following this you add your title to the property in the land register.However, in Spain, you need a notary to witness this procedure so you can add your title to the property’s register. Whether you’re an EU citizen or not, you will pay the same amount for the property.The payment you have to do in Spain to buy a house is the same for everyone:Regarding the notary fees, to buy a property in the UK you simply exchange the property contracts, pay the vendor and the property belongs to you, is a simple procedure. Once Britain leaves the EU, Portugal would become able to impose a higher rate of tax on British owners - for instance, if you rent your holiday home out, you might have to pay a higher rate than before.
The fee you pay to the notary is controlled by the Spanish government and is based on the number of clauses in the property deeds and the declared value of the property. Is it safe?


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