One Speaks About
At Residencias Lujosas Vitalux SL, we have observed a significant increase in recent years in American buyers interested in purchasing property in Spain. For this reason, we summarize below the main residence options available to U.S. citizens who wish to legally establish residence in Spain.
Non-Lucrative Residence
Suitable for individuals with passive income, retirees, or those who wish to live in Spain without…
Location remains the most important factor when determining stability, value and future resale potential in real estate. Global property markets show astonishing price differences across major cities, driven by scarcity, demand and lifestyle appeal. In Monaco, often cited as the world’s most expensive residential market, average prime property prices are around USD 38,800 per square metre, making it the…
From the Non-Lucrative Residence to the Digital Nomad Visa
Individuals wishing to live permanently in Spain will require an appropriate residence permit, depending on their personal circumstances. The main options vary according to employment status, family situation, or whether the applicant works remotely for a company abroad.
The most common types of residence include:
Non-Lucrative Residence
People contemplating buying a property on the Costa del Sol are being given the opportunity to enjoy Marbella’s renowned luxury lifestyle before committing themselves to a final purchase!
According to Doris Kavcic from Residencias Lujosas Vitalux S.L., the idea is to offer a “trial living” option to potential home buyers, so they can fully appreciate why southern Andalucía is such a highly-coveted…
The following tax rates in Spain of Property Purchase and sale apply:
1. IVA - VAT: on the purchase of new built properties:
The VAT on the purchase of a newly built house or flat and associated garage / parking space by a constructor (promoter) is 10 %. There is as well a stamp duty of 1.5%.
2. Capital gains tax:
Who sells a property in Spain as a non-resident…
Doris Kavcic is the founder and CEO of the real estate company Residencias Lujosas Vitalux, S.L., based in Marbella on the Costa del Sol. With more than 25 years of experience in the international real estate sector, she specializes in high-quality residential properties and personalized investment concepts.
Particularly in the real-estate sector, luxury and luck go hand in hand, since both create special moments. Everyone has their very unique preferences. Where some get excited by a classic, one-of-a-kind building, others get thrilled when seeing an unpretentious building with a cool interior. “People who get enthusiastic about properties and fill them with love, whether through rental or purchase, inspire us in our daily work,” says…
The new definition of luxury & locations, allowing reduced CO2 emissions journeys
Is solely the location of the property decisive or have the equipment and features convinced more and more in the recent years? The definition of luxury divides spirits. And latest since climate activist Greta Thunberg has shown the world that luxury has a completely different value, there is a new perspective.…
Ten Years of Dedication, Success & thirst for knowledge in the international Real Estate industry!
Doris Kavcic, the owner of »Residencias Lujosas Vitalux, S.L.«, states, »those who appreciate themselves always develop further in their lives. This is the 10th year of »Vitalux« and it fills me with joy.« 2009 was a year when hardly anyone dared to start…
Keeping up with the worldwide real estate industry is one of the passions of Ms. Kavcic. From the tallest residential building to the largest hotel suite and the most expensive property – she offers again »De Luxe«-Figures: The Central Park Tower will be 472 meters high after its completion in 2019. The New York skyscraper thus becomes the tallest residential building in the world. 20 of the 179 residential units will cost more…
Location is a factor that determines stability and value when re-selling a property!
Doris Kavcic, owner of the estate agency "Residencias Lujosas Vitalux, S.L." explains: "Throughout the world, prices have reached enormous dimensions. It is very interesting to see what the current developments are. For example, the largest non-private, non-royal, non-state landed property in the world covers 11 million hectares and is offered for USD…
The EU Successions Regulation 650/2012 shall enter into force on the 17 August 2015. This EU Regulation is not applicable in the United Kingdom, but is applicable in Spain and the rest of the EU to British citizens. Therefore, in case you have assets in the UK and/or in any other EU jurisdiction you need to be well advised of the practical implications this legislative development can have on your succession.
After entry into…
From 1st of June 2013 all properties sold or rented in Spain will need to have an Energy Performance Certificate. The owner of the building or business premises will be responsible for obtaining the certificate, which they will need in order to sell or rent it. A copy of this document needs to be given to your agent!
What is an energy performance certificate?
It is a report that describes how…
The real reason for the launch of the first Nikki Beach - Never forgotten. When you drop the name “Nikki Beach” to anyone that’s well-travelled, they instantly associate it with glamorous events, chic beach vibes, music, fashion and fine dining. The brand has 14 locations across 11 countries and is famous for its plush ambience and high-flying clientele.
However, not many know the real reason for the launch of the first…