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What are the taxes on the purchase and sale of a property?
07 10 - 2021
At the moment of the purchase, doubts arise about the taxes to be paid. IBI – Impuesto sobre Bienes Inmuebles It is the best known of all municipal taxes and is levied on the ownership of a property. It is levied annually and the amount is determined by the cadastral value assigned to the property, set by the Ministry of Finance according to the value of the land and the construction. It also depends on the tax ordinances of each Town Hall, so it can vary a lot from one locality to another. It is a tax that, although it will not be decisive when buying a property, it is important that you are aware of it, as they will have to pay it when you become an owner. ...
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How to buy an off-plan home?
16 06 - 2021
New our home is a dream that not everyone can fulfill. To buy a home in the Canary Islands, a buyer usually takes between 6 months and 1 year, although that time is not usually an active search. The first weeks are to decide the area and the amount we want to spend on the house. Buying off plan refers to buying before it is built, maybe even with the construction process underway. What should i take into account before buying an off-plan home? Buying a property is usually the biggest investment of our life, so it is important to review all the documents before taking the step. When we buy a second-hand home we can visit it, check its condition, although you must be very aware of hidden...
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How to buy a house with Bitcoins?
16 05 - 2021
If you have part of your wealth in cryptocurrencies, you may be thinking about reducing your risk and buying a house in Bitcoin. Most of the luxury home owners in Gran Canaria have their savings diversified: a business holding company, rental properties (houses and premises), investments in start-ups, stocks and cryptocurrencies. The best known cryptocurrencies are Bitcoin and Etherium, the rise they have had in the last year makes some prefer to take part of those profits to invest them in brick, an investment with much less volatility. In Spain it is completely legal to buy a house with cryptocurrencies, the purchase and sale process is the same as when buying in euros....
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Taxes when selling a house in the Canary Islands
14 04 - 2021
At La Boutique Canary Real Estate we differentiate ourselves by providing an exclusive service, from start to finish. One of the most common doubts that arises is not only the valuation of the home but the expenses that must be paid in the Canary Islands for the sale of a property. Taxes when selling a house in Gran Canaria Municipal taxes In Spain, national and local taxes are paid. In the case of housing, every year we pay the IBI (Real Estate Tax) in our town hall. When we sell a home this tax must also be paid. The IBI must be paid by the owner of the property on January 1. For this reason, in many house sales it is negotiated that the...
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Expenses when buying a home in the Canary Islands
15 03 - 2021
When we take the step to buy a home in the Canary Islands, we have to take into account not only how much the home will cost us but also the expenses associated with the sale. When choosing the home, after the visits, the valuation, a signal of 10% is delivered, this is what we know as the Arras Contract. In this way, the seller and the buyer agree to carry out the agreement. If one of them regrets, they must compensate the other: the buyer would lose the signal delivered and if it is the seller who backs down, they must return 10% to the buyer along with the same amount as compensation. When the deposit contract is signed, all the documentation begins to be processed so that...
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What is the best orientation for a home?
22 12 - 2020
Choosing a home is never easy, it is a very important investment and if we want the property to establish our home we will be much more demanding and careful. Normally, when we start looking for our next home, we decide the exact area in which we would like to live. Sometimes, we are very sure about what neighborhood we want to be and at other times we just need a certain proximity to the sea, services or schools. Once we decide the area and calculate how much our investment range is, then the search begins. Here, most families have some essential requirements and are flexible for others. In general, it is non-negotiable that you have at least two bathrooms or you are looking ...
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Homes post-covid
30 11 - 2020
Many luxury home buyers have turned their attention to the Canary Islands during the covid-19 health crisis. With the pandemic we have been forced to spend more time in our homes, even today we must limit our social interactions and avoid crowds. When the lock down forced us to stay in our homes, those who suffered the least stress were those who enjoyed their own terrace, garden and swimming pool. Buyers of luxury homes in the Canary Islands During 2019, the majority of buyers interested in luxury homes in the Canary Islands were foreigners and many of them bought as an investment. Now, the profile of the luxury home buyer in the south of Gran Canaria has changed...
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How to Install Solar Panels at Home
30 11 - 2020
The Canary Islands is the European region with the most hours of sunshine, a fact that should be used not only to attract tourism but also to ensure that respect for the environment is more frequent. In some areas of Gran Canaria, 4800 hours of light a year can be exceeded, the goodness of its temperatures also helps to reduce energy consumption. With an average outdoor temperature of 20º, there is less need to water for the shower than if it were in a cold area. Likewise, having an average maximum annual temperature of 24º helps that many homes do not need air conditioning to enjoy maximum comfort inside. With the installation of photovoltaic panels at home you will not only be...
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5 exclusive areas to live in the south of Gran Canaria
05 08 - 2020
Gran Canaria is a paradise unknown to many. A place with stable climate, spectacular beaches, quiet life, tax benefits and an enviable standard of living. The south of Gran Canaria is a unique area, it is possible to find virgin landscapes and practice a large number of water sports. If you are thinking of buying a luxury house in the Canary Islands, these are the 5 most exclusive areas in the south. Meloneras Possibly the most attractive area in the south of Gran Canaria, an exclusive area where luxury and privacy define the space. Meloneras has a quiet beach with golden sand away from the mass of urbanizations that occur in other tourist enclaves. The golf course, exclusive shops, spas ...
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Welcome home tourists
27 05 - 2020
These are difficult times due to the coronavirus, little by little we return to normality and in July the Canary Islands will reopen to foreign tourists and visitors. The evolution of the Covid-19 is being very favourable and the Canary Islands is the community in Spain with the best results, since out of 100,000 PCR tests, only 404 have been positive. The reopening of the borders in the Canary Islands will help with social and economic revival. It will allow foreign owners to enjoy their second residence in the best climate in the world. In addition, Spain has one of the best health care systems, a fact that provides extra peace of mind for all those who want to come and enjoy our ...
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The best golf courses in Gran Canaria
04 05 - 2020
Once you land on the island of Gran Canaria you will discover that the island has much more to offer than beach and sun. Amongst the favourite activities of tourists is golfing. They may come with a group of friends to spend a few days enjoying this outdoor sport in contact with nature, releasing stress and improving personal relationships. Others take advantage of family vacations to play golf first thing in the morning, to then be fully charged with energy for a family beach day. Salobre Golf Possibly the best known golf course in Gran Canaria thanks to the fact that it has 2 golf courses with 18 holes each. If you want to improve your technique, this field is the only one that has a club fitting ...
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Buying a pot of land: a safe investment
28 02 - 2020
Are you looking for a good investment to secure your future? Buy land. Choose the right location having in mind what you would like to build. Plot of land in Gran Canaria If you want to build a house to live or rent later, it would be wise to choose aplot located in an area with good communications and close to all services. If you are going to live there for a long time, make sure the neighborhood meets all the requirements you need. For you it may be a priority to have sea views or excellent roadcommunications to the airport if your business forces you to travel frequently. Everyone has different criteria depending on their lifestyle and needs. In case that you would like to build a house in order to let it...
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