The Canary Islands are a dream destination for property buyers seeking sunshine, affordability, and tax advantages. But buying here involves specific legal considerations every foreigner should understand.
🏠 Why the Canary Islands Attract Foreign Buyers
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Year-round warm climate and beach lifestyle
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More affordable property prices than mainland Spain
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Special tax regime (REF – Régimen Económico y Fiscal de Canarias)
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Popular for second homes and long-term relocation
📄 Legal Considerations for Property Buyers
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Always verify the cadastral data and ownership history
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The Canary Islands follow national property law but with autonomous tax rules
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Pay close attention to land classification — urban vs. rustic
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Coastal properties may be subject to coastal law restrictions
💶 Taxes and Fees
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IGIC (7%) replaces VAT (21%) for most transactions
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Notary and land registry fees apply as elsewhere in Spain
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Non-resident buyers may be subject to capital gains tax upon resale
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Local lawyers are essential to ensure compliance with Canarian tax norms
🛂 Residency and Visa Support
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Buying property doesn’t automatically grant residency
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You can combine property purchase with a Non-Lucrative Visa
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Borderless Lawyers helps ensure your real estate and residency plans align legally
🛡️ How Borderless Lawyers Can Help
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Conduct full due diligence on Canary Islands property
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Advise on regional tax advantages and obligations
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Handle the entire purchase remotely with Power of Attorney
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Support your visa/residency application post-purchase
📞 Contact Borderless Lawyers Today
Buying in the Canary Islands? Borderless Lawyers provides expert legal assistance to make your purchase secure, tax-compliant, and stress-free. Contact us for tailored support across all islands.