Useful vocabulary when selling/purchasing property in Spain

When you sell, or buy property in Spain, you will come across words that are used extensively and which could be good to master. Below you will find a selection of the ones that we think are the most important to know.

Catastro – The Cadastre is an entity attached to the Ministry of Finance. This body functions as the administrative registry of each and every property in Spain. The Cadastre would be used to indicate the indications of any property, but cannot confirm the ownership of this. The main function is to act as a base for taxes such as IBI, Inheritance and Gift Tax or Transfer Tax.

 

Registro de la Propiedad – The Land Registry is an entity attached to the Ministry of Justice. This body confirms the ownership or who is the owner of any property that is registered in this register. The big difference between the Cadastre and the Land Registry is the latter one shows the ownership of a house or property. Therefore, the prevailing entity is the Land Registry. If you see that there are differences in surface areas between the Cadastre and the Registry, you should ask the Cadastre to make the necessary modifications.

Nota simple – Is a document issued by the Land Registry in order to provide the essential information contained in the Register on a specific property, such as who owns the property, any associated charges or encumbrances and any limitations of use it may have.

 

Ayuntamiento – The municipality is the corporation formed by the mayor and the councillors who are in charge of the political administration of a municipality. Its main functions are to attend and propose to the town hall sessions the measures they deem most appropriate to address municipal affairs. They issue the land rates and refuse receipts.

Notario público – Notaries are State civil servants required to provide citizens with the legal certainty within the context of extra-judicial legal dealings. They are also legal professionals practising under the rules of competition. This dual status guarantees their independence. In the exercise of his/her function, he/she draws up two generic types of documents, namely the Deeds and the Minutes. The Deed is the original instrument in which the notary records one or more legal acts (contracts, agreements, wills, unilateral declarations of will, etc.).

 

Escritura/Copia simple“Escritura” is a notarial instrument and public document in which before a notary public a certain fact or a right authorised by said notary public is performed, which he/she signs with the grantor or grantors, showing about the legal capacity of the content and the date in which it was performed. The public deed when selling or purchasing a property is always signed with a notary for example. “Nota simple” or the authentic copy is a public document signed by the Notary with the same value and effects as the public deeds or matrix.

Cédula de habitabilidad – The certificate of habitability is the administrative document that ratifies that a dwelling meets the basic conditions to be inhabited, that it is fit to be destined for human residence, without prejudice to the fact that other duly authorised activities are carried out in it. It is obligatory when renting and selling a house.

 

CEE(Certificado de Eficiencia Energética) The Energy Efficiency Certificate is a document required by the Ministry of Industry, Energy and Tourism for all housing to be rented or purchased by another person. This measure aims to achieve an energy improvement in all countries of the European Union. The energy certificate is mandatory in Spain from June 1, 2013 in order to rent or sell a property or business unit.

IBI ( Impuesto sobre Bienes Inmuebles) The land rates tax paid once every year. (see more in our blog Spanish taxes for non-resident property owners https://mallorcaresidencia.com/news/)

Basuras – The refuse tax normally paid once a year. (see more in our blog Spanish taxes for non-resident property owners https://mallorcaresidencia.com/news/)

Endesa – It is one of the three largest companies in the electricity sector in Spain. Endesa generates, distributes and markets electricity and natural gas.

Referencia catastral – The cadastral reference is the official and obligatory identifier of real estate. It consists of an alphanumeric code that is assigned by the Cadastre so that every property must have a unique cadastral reference that allows it to be placed unequivocally in the cadastral cartography.

Valor catastral – The cadastral value is an administrative value objectively determined for each real estate from the data that exist in the real estate cadastre and that is integrated by the cadastral value of the land and the cadastral value of the constructions art.

IRPF(Impuesto sobre la Renta de las Personas Físicas) is a progressive and direct personal tax levied on the income obtained in a calendar year by residents in Spain. Thus, it is a tax figure belonging to the Spanish tax system.

IRNR(Impuesto sobre la Renta de No Residentes) The people who must pay this tax are individuals who have obtained income in Spain even if their tax residence is not in the country, for example, the income from real estate in Spanish territory, in other words, the money that may come from renting housing, among others. Model 210.

 

Agencia Tributaria (AEAT) – The Spanish Tax Authorities.

IVA(Impuesto sobre el Valor Añadido) Is the VAT. It is paid when the property is delivered for the first time. First delivery” is understood to be those acquired from the developer after the construction of the property.

ITP(Impuesto de Transmissiones Patrimoniales) – The tax only applies to the purchase of a second-hand home between private individuals. Its declaration is made through the 600 form, with a tax rate and tax benefits determined by each community.

Plusvalía – Is a tax under Spain’s local tax system which is levied on the increase in the value of urban land revealed at the time of transfer.

It is the profit obtained as the result of a positive difference between the price at which a property was purchased and the price of its sale in an economic transaction or operation.

 

ITEInspección Técnica de Edificaciones It is the technical inspection of buildings is the inspection through which every building with a certain age has to pass in order to assess whether it meets all the safety requirements. This inspection must be carried out by a qualified technician who may be an architect or quantity surveyor. If the professional in charge of carrying out the inspection certifies that the building remains in good condition and meets all the necessary safety conditions, the ITE will be approved.

Comunidad de propietarios – Community of owners.

 

 

Gestoría – Is a company that offers administration management services to companies and self-employed. Every agency is managed, at least, by an administrative manager accredited by a professional association. They offer services such as dealing with your tax return in Spain, labour procedures, management of the accounting and invoicing of a business, management of the setting up of a company and much more.

Mirlinda Jonuzi

Team Assistant @ Mallorcaresidencia

Skriv et svar

Din e-mailadresse vil ikke blive publiceret. Krævede felter er markeret med *

Name *

Udfyld dine detaljer, og vi vil hjælpe dig med at finde din drømme ejendom

Nedenfor er de nyeste ejendomme til salg i Mallorca

Luksus objekt

Penthouse with large terrace in good location in Son Espanyolet

Ref. MF2522

On a very good location in Son Espanyolet, in a small two-story building from 2008, you will find this nice penthouse. Here you will encounter peace and...

525.000
77 m2
69 m2
Son Espanyolet
2
1
Mere om ejendommen
Luksus objekt

Very nice house in exclusive community in Nova Santa Ponsa

Ref. MF2390

This is a relatively newly built house on two levels with a terrace and garden in Nova Santa Ponsa. The exclusive Port Adriano located right next door, just a few...

850.000
155 m2
17 m2
Santa Ponsa
3
3
Mere om ejendommen
Luksus objekt

Newly built apartments with terrace in Cala Bona

Ref. MFP157

This modern residential complex in Cala Bona is currently under construction and scheduled for completion in 2023. Each apartment within the complex boasts 2...

330.000
76 m2
28 m2
Son Servera
2
2
Mere om ejendommen
Luksus objekt

Modern apartment complex in luxurious harbour of Cala D´Or

Ref. MFP156

This modern residential complex, set very close to the luxury harbour of Cala d'Or, is currently under construction and scheduled for completion in 2023. Located...

313.000
61 m2
17 m2
Cala d´Or
2
2
Mere om ejendommen
Luksus objekt

Bright fully renovated penthouse in Santa Catalina

Ref. MF2520

This completely refurbished penthouse is located onthe the 7th floor on a quiet and charming street in the sought-after neighbourhood of Santa Catalina....

680.000
120 m2
20 m2
Santa Catalina - Tennis
3
2
Mere om ejendommen
Luksus objekt

Ground floor apartment with fantastic terrace and sea views in Sa Vinya Bendinat

Ref. MF2516

This fantastic ground floor apartment is located in Sa Vinya Bendinat, one of the best residential communities in the area, close to the beaches of Illetas and Real...

830.000
113 m2
40 m2
Bendinat
2
2
Mere om ejendommen
Luksus objekt

Grund til salg i området Son Gual II

Ref. MF2518

Son Gual er et kommende high-end boligområde kun 15 minutter væk fra Palma. Det er velkendt for sin internationalt anerkendte golfbane. Den...

390.000
354 m2
Son Gual
4
4
Mere om ejendommen
Luksus objekt

Newly built penthouse with private roof terrace and fantastic sea views in Cala Major

Ref. MF2483

This penthouse is located in a newly built high quality building in Cala Major, a privileged area surrounded by nature and very close to the sea. The apartment has...

1.990.000
111 m2
140 m2
Cala Major
2
3
Mere om ejendommen
Luksus objekt

New luxury villa project in Establiments

Ref. MFP155

This new project for a luxury villa is located in Establiments, just 15 minutes by car from Palma. Establiments is a charming village that offers supermarkets,...

3.450.000
280 m2
260 m2
Andratx
3
4
Mere om ejendommen
Luksus objekt

Top renovated apartment in Santa Catalina

Ref. MF2515

We find this ready-to-move-in two bedrooms flat in the neighborhood of Santa Catalina. It is a 3 story building with an 18m2 community roof terrace, shared with one...

450.000
95 m2
Santa Catalina - Tennis
2
2
Mere om ejendommen
Luksus objekt

Exceptional house in Son Espanyolet with pool and garden

Ref. MFP136

Two luxury villas of the very best quality will be built in the quiet part of Son Espanyolet. Behind these masterpieces are the renowned architects from AVW...

2.950.000
262 m2
324 m2
Son Espanyolet
3
3
Mere om ejendommen
Luksus objekt

Charming renovated apartment in the heart of Santa Catalina

Ref. MF2514

This is a very charming apartment has recently been renovated and is located in the popular area of Santa Catalina. Palma Old Town and the promenade by the...

365.000
54 m2
1 m2
Santa Catalina - Tennis
1
1
Mere om ejendommen
Luksus objekt

Newly renovated bright penthouse in Son Espanyolet

Ref. RH02630

This recently renovated penthouse is bright and airy and is within close proximity to various amenities such as the Palma Sport & Tennis Club, Pins Padel and...

390.000
97 m2
10 m2
Son Espanyolet
3
2
Mere om ejendommen
Luksus objekt

Modern penthouse with fantastic sea views in Cala Major

Ref. MF2400

This is a beautiful penthouse located at the top and third floor of a modern building from 2014 with an elevator and with one of Cala Major's best sea views! The...

795.000
70 m2
63 m2
Cala Major
2
2
Mere om ejendommen
Luksus objekt

Attractive townhouse in Son Espanyolet with private terrace and pool

Ref. MF2509

Located in the sought after neighborhood of Son Espanyolet, this newly built townhouse boasts one of the best outdoor spaces in the entire neighborhood. Upon entry,...

1.950.000
210 m2
130 m2
Son Espanyolet
3
3
Mere om ejendommen
Luksus objekt

Refurbished apartment in Cala Mayor

Ref. AB35891

This refurbished apartment is located just 100 meters from the beautiful sandy beach of Cala Mayor. Situated in a highly desirable area, this property offers an...

280.000
55 m2
8 m2
Cala Major
2
1
Mere om ejendommen
Luksus objekt

Newly built penthouse with private roof terrace with pool

Ref. MF2511

This luxury penthouse with a huge rooftop terrace overlooks Santa Catalina and Palma Tennis. It's ideal location means that is it is walking distance both to the...

2.200.000
97 m2
95 m2
Son Armadams
3
2
Mere om ejendommen
Luksus objekt

Luxury seafront apartment in San Agustin

Ref. 037632

This apartment is located at the sea front with direct sea access in the well known neighborgood of San Agustin. It is just a few steps away...

2.195.000
115 m2
26 m2
San Agustin
3
2
Mere om ejendommen
Luksus objekt

Spacious penthouse to refurbish in the center of Palma

Ref. MF2512

This spacious penthouse from the 1970s is located in the area of Camp d’en Serralta, a convenient area with easy access to various amenities such as...

700.000
135 m2
82 m2
El Camp d'en Serralta
5
2
Mere om ejendommen
Luksus objekt

Charming house for refurbishing with small garden in Son Rapinya

Ref. MF2513

This small house which dates back to 1910 is located in the area of Son Rapinya, a quiet charming residential area in the western part of Palma. The house is...

415.000
131 m2
25 m2
Son Rapinya
2
1
Mere om ejendommen
Luksus objekt

Penthouse with private rooftop terrace in Santa Catalina

Ref. MFP053D

We are proud to present this high quality penthouse by a team of renowned architects and developers on Mallorca.  The location couldn’t be better, just a...

950.000
77 m2
48 m2
Santa Catalina - Tennis
2
2
Mere om ejendommen
Luksus objektSolgt

Incredible apartment with sea views in Santa Catalina

Ref. MF2497

Discover this magnificent apartment in the heart of Santa Catalina, boasting an enviable location. Immerse yourself in the abundance of natural light that fills...

-
75 m2
4 m2
Santa Catalina - Tennis
2
2
Mere om ejendommen
Luksus objekt

Newly renovated bright townhouse in popular Bendinat

Ref. MF2507

This bright townhouse has been recently renovated in a modern, Scandinavian style. With a living area of approx. 180 m2, the space is divided into three bedrooms...

-
180 m2
150 m2
Bendinat
3
3
Mere om ejendommen
Luksus objekt

Exclusive newly built apartment with private pool and sea view in Cala Major

Ref. MF2506

This exclusive ground floor apartment is located in a newly built building in Cala Major, a privileged area very close to the sea and Palma city. This luxurious...

1.195.000
180 m2
83 m2
Cala Major
4
4
Mere om ejendommen
Luksus objekt

Luxury townhouse with pool in Son Espanyolet

Ref. MF2504

This practically brand new house is located on a quiet street in the sought after area of Son Espanyolet. The property boasts a living area of over 300 m2 plus more...

2.350.000
300 m2
160 m2
Son Espanyolet
5
4
Mere om ejendommen
Luksus objekt

Entire building in Santa Catalina

Ref. MF2500

This one of a kind building with infinite possibilities is positioned on a quiet street in Santa Catalina, around the corner from one of the area’s most...

1.400.000
350 m2
100 m2
Santa Catalina - Tennis
6
3
Mere om ejendommen
Luksus objekt

Design villa with private pool with a great location in Palma

Ref. MFP154

This newly built design villa will have an excellent location in Palma, close to the school area, within walking area to Santa Catalina and very convenient to...

3.300.000
489 m2
200 m2
Sa Teulera
4
5
Mere om ejendommen
Se mere ejendommer

Udfyld dine detaljer, og vi vil hjælpe dig med at finde din drømme ejendom

Udfyld dine detaljer, og vi vil hjælpe dig med at finde din drømme ejendom

Udfyld vores forespørgselsformular ved at klikke på linket. I formularen kan du også vælge, om du ønsker at blive informeret om vores nyeste ejendomme via e-mail eller nyhedsbrev.

Spørgeskema