Díaz-Saavedra & Yánez Abogados / Abogados en las Palmas de Gran Canaria
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Real Estate Investment Advisory
Las Palmas de Gran Canaria

Since 1925

Díaz-Saavedra & Yánez Abogados

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Experts in real estate transactions

Experience and deep knowledge of real estate law and the property market.

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Diaz-Saavedra & Yánez Abogados

Comprehensive advisory services for real estate investors in Las Palmas de Gran Canaria

At Díaz-Saavedra & Yánez Abogados, with over 95 years of experience, we specialize in providing legal advice for real estate investments in Las Palmas de Gran Canaria, with a particular focus on foreign clients. We offer comprehensive services for both individual and business investments, ensuring all legal aspects of your transactions are thoroughly covered.

Our Real Estate Law department handles both national and international operations, ensuring a secure and efficient process for acquiring and managing properties in Las Palmas de Gran Canaria.

Díaz-Saavedra & Yánez Abogados / Abogados en las Palmas de Gran Canaria

Due diligence for real estate investments in Las Palmas de Gran Canaria

Due dilligence de Inversiones en bienes Inmuebles en Las Palmas de Gran Canaria

Every investor in Las Palmas de Gran Canaria should seek proper legal advice when purchasing real estate, focusing on the property’s sale conditions and legal status. Good legal guidance helps assess investment risks.

Due diligence is a thorough investigation conducted during the purchase to identify potential contingencies and risks. This process results in a detailed report with a legal assessment of the transaction. It is crucial for the seller to cooperate by providing all relevant information about the property to facilitate this analysis.

How to invest in real estate in Las Palmas de Gran Canaria

Investing in real estate in Las Palmas de Gran Canaria can be profitable, but foreign investors must consider the tax responsibilities, which depend on their tax residency and the countries of origin of both the buyer and seller. These factors can significantly impact the taxation of the investment.

Taxes and levies that foreign real estate investors must pay

A foreign investor purchasing real estate in Las Palmas de Gran Canaria must consider several taxes, including the Impuesto de Transmisiones Patrimoniales (ITP), ranging from 6% to 10% for second-hand properties, and a 10% IVA for new properties. Additionally, the investor must pay the annual Impuesto sobre Bienes Inmuebles (IBI) and, if renting out the property, income tax on the rental income. Upon selling, they will face the plusvalía municipal tax and potential capital gains taxes.


Residency permit for real estate investors in Las Palmas de Gran Canaria

The purchase of real estate in Las Palmas de Gran Canaria does not require the investor to have a residence permit. Both European Union citizens and non-EU nationals can acquire properties without needing residency. However, due to tax considerations, some foreign investors may consider obtaining tax residency in Spain to avoid double taxation. To do so, they must meet certain criteria, such as residing in Spain for more than 183 days a year or having the center of their economic activities based there.

Golden Visa for real estate investors in Las Palmas de Gran Canaria

The Golden Visa is a residency visa for non-EU foreign investors interested in acquiring real estate in Spain. It allows the investor and their family to regularize their status in the country without the need for a minimum stay. The main requirement is to invest in properties with a minimum value free of charges. Additional requirements include having no criminal record and obtaining private health insurance. This visa can be renewed and eventually allows for applying for permanent residency and Spanish citizenship.

95 Years of Experience

With over 95 years of experience, at Díaz-Saavedra & Yánez Lawyers, we have accumulated extensive knowledge and a solid track record in the legal field, providing effective solutions to our clients since 1925.

Success Stories

Honesty

Professional Lawyers

Conflict Resolution

Why choose Díaz-Saavedra & Yánez Lawyers?

Discover the reasons to trust Díaz-Saavedra & Yánez Lawyers: experience, commitment, and exceptional results in every case.

01.
Privacy

We guarantee complete confidentiality in every case we handle.

04.
Legal Protection

We guarantee solid legal protection in every situation.

02.
Individual Case

Personalized approach to each case, prioritizing your specific needs.

05.
Honesty

Our commitment: complete honesty in every interaction and piece of advice.

03.
Successfully Resolved Cases

Proven track record of success in satisfactorily resolved cases.

06.
Complicity

Total collaboration in defending your legal interests.

Díaz-Saavedra & Yánez Abogados / Abogados en las Palmas de Gran Canaria
Testimonials

Our clients say

We always offer a service fully tailored to each client’s needs because we have an in-depth understanding of every sector we operate in. This approach to legal advice leads us to create and maintain strong and lasting relationships with our clients.

Laura Almánzar
    Laura Almánzar

    A team of 100% recommended professionals. Involved from start to finish in all the processes we carry out. Our trusted lawyers for over 10 years.

    Pablo Javier Rodriguez Sanchez
      Pablo Javier Rodriguez Sanchez

      A trustworthy firm, very professional with excellent customer service. I highly recommend them; whenever I have needed them, they have been very decisive and effective. It is appreciated to have lawyers like them. Best regards.

      Carlos Santana
        Carlos Santana

        Excellent professional. Very approachable and humane; in our case, it was Adrian Diaz Saavedra Morales. From the first moment, he inspired confidence, and we were not mistaken. Thank you for restoring our hope and giving us the opportunity to start living again.

        Oliver Deniz Perdomo
          Oliver Deniz Perdomo

          Great professionals, in this case, Adrián Jr. is literally saving our lives. Thanks to his involvement and help at all times, our family lives more peacefully. Eternally grateful. THANK YOU VERY MUCH.

          Krishna Mishra
            Krishna Mishra

            Excellent service, very professional, approachable, and they explain everything very clearly and in easy-to-understand language. Always available, which is why I always recommend them to friends and acquaintances.

            Díaz-Saavedra & Yánez Abogados / Abogados en las Palmas de Gran Canaria

            Contact us with no obligation.

            • Calle Alcalde Díaz Saavedra Navarro,18
            • info@dsylegal.com
            • 928 312 137

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