Ibiza Property For Sale Holiday
Villas Or Apartments
Ibiza
Properties for Sale
The glorious weather in Ibiza is
one of the main reasons why people decide to flock to the island in droves to
snap up holiday or investment villas, fincas, apartments and houses. There are
numerous foreign property owners on Ibiza. Villas in the countryside, hills and
urban areas of Ibiza are particularly popular, as are apartments and houses in
some of the island’s beachside resorts. Buying a property
in Ibiza does not necessarily mean uprooting to go and live there permanently;
many property owners buy to rent, only visiting their property out of season in
order to maximise the amount of money that can be made through renting during
the high summer season. There is a great market in renting properties; a surprising
number of people visit the island in order to get away from it all, and can’t
imagine anything worse than staying in one of the busy all inclusive touristic
hotels or apatments amongst hundreds of holidaymakers. There
are, of course, a number of legal concerns and procedures to keep in mind as you
prepare to buy a property in Ibiza. Unless your Spanish is very good, it is probably
best to use the services of a translator who will explain the legal situation
to you. At the local Registro de la Propriedad (Property Registrar) you will need
to ask and see what is known as a Notaría Registral, which proves that
the property’s previous owner is registered as such and actually has the
right to sell the property, and also shows what - if any - charges, taxes and
all outstanding encumbrances that remain attached to the property. If
you are planning to develop the land you buy, or to build an extension to an existing
property, you will need to consult the local Departamento de Obras (Building Officials)
to find out what the relevant regulations are for the area in which you intend
to build. Any property purchase will incur fees and costs,
including notary’s fees if you go through an agency, or a land transfer tax
in the case of a private sale. You will also need to pay for the property to be
entered onto the property register. This summary of regulations
is basic, and it is best to check with the Registro de Propriedad (via your translator)
that you have a full list of procedures and details before entering into any kind
of contract.
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