The decision of the Andalusian government will have a significant impact on those who buy a home before December 31, 2021, the end date of the measure. We must consider that the Tax on Patrimonial Transmissions and Documented Legal Actions is the most outstanding tribute that buyers of second-hand property must pay.
In Andalusia, this tax levied between 8% and 10% according to the property's value. Nevertheless, since the end of April, the Tax on Patrimonial Transmissions has become a single general rate of 7%. Meanwhile, that of Documented Legal Actions, which is satisfied when formalizing the public deed of sale, goes from 1.5% to 1.2%.
Mallorca is an idyllic island of beautiful beaches. Its beauty is such that it has been called 'the little Spanish Caribbean'. Colonia de San Pedro is a lovely town in the coastline of this island, and it is where we find this luxurious beachfront apartment in Mallorca.
The apartment, with sea views, is located just a few minutes walk from the town centre and very near the seaport, where one can enjoy quiet walks. But also, restaurants and many other services are located in the area.
The price of second-hand housing stood at 1,705 euros per square meter at the end of January, which represents an increase of 0.13% compared to a year ago, but also a fall of 0.36% compared to the month of December.
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