Find your dream home in La Herradura

When buying property in La Herradura, budget for property transfer tax (ITP) of 7%, plus roughly 3-4% in notary, land registry and legal fees. Agency commission is usually paid by the seller. On the mainland and the Balearics, new builds pay VAT (IVA) of 10% plus AJD stamp duty instead of ITP. Transfer tax is set by Andalucía rather than nationally, and reduced rates can apply for main homes and younger buyers.

Yes, foreigners can freely buy property in La Herradura and throughout Spain. You will need a NIE (Número de Identidad de Extranjero) - a Spanish tax identification number. The process is the same for EU and non-EU citizens, though non-EU buyers may need additional documentation.

The property buying process in La Herradura typically takes 2-3 months from offer to completion. This includes property searches, legal checks, mortgage approval (if applicable), signing the private contract (arras), and final completion at the notary. Timeline can vary based on financing and legal complexity.

No. Spain withdrew the Golden Visa property investment route in April 2025, so buying in La Herradura no longer leads to residency. Non-EU buyers who want to live in Spain apply for a separate permit instead, most often the non-lucrative visa (proof of income and private health insurance) or the digital nomad visa (remote work for non-Spanish clients). Ask an immigration lawyer which route fits your situation before you buy.

Annual property ownership costs in La Herradura include IBI (property tax) of 0.4-1.1% of cadastral value, community fees (for apartments), rubbish collection tax (basura), utility bills, and property insurance. Budget approximately 2-4% of property value per year for all running costs. IBI is set by the town hall of La Herradura within a national band, so it is municipal rather than regional.

Yes, it is highly recommended to hire an independent Spanish lawyer when buying property in La Herradura. They will conduct due diligence checks, verify the property has no debts or legal issues, review contracts, ensure proper registration, and protect your interests throughout the purchase process.

Yes, foreigners can obtain mortgages in Spain to buy property in La Herradura. Spanish banks typically offer up to 60-70% loan-to-value for non-residents, compared to 80% for residents. You'll need proof of income, bank statements, NIE number, and passport. Interest rates and terms vary by bank and individual circumstances.

When selling property in La Herradura, you pay capital gains tax (plusvalía) on the profit at rates of 19-26% depending on the gain amount. Non-residents have 3% of the sale price withheld at completion. You may also pay municipal capital gains tax. Main residence exemptions may apply for residents over 65. Capital gains tax is national, so it is the same in Andalucía as anywhere in Spain. Plusvalia municipal is set by the town hall of La Herradura and has had two calculation methods since the 2021 reform, so ask your lawyer which one is cheaper for you.