An Insider’s Guide to Additional Services
to Consider After Purchasing a Luxury Property in Spain

When buying a luxury property in Spain, one important thing to do as soon as you sign the deed is to take out home insurance tailored to your new property and needs. Home insurance is essential for many reasons as protecting valuable assets, covering natural disasters, accessing quick assistance in emergencies, guarding against accidents on your property, and ultimately, preserving your investment. Home insurance companies in Spain have a wide range of options and possibilities adapted to each property. It is also essential to contact an insurance company or broker that speaks your language and offers a personalized service both when taking out an insurance policy and in the event of a claim.

Once your home insurance is taken care of, there are key services to consider guaranteeing a worry-free life in Spain, especially in the Balearic Islands. In this post, Anke Sevenster, a leading insurance and services agency in Mallorca talks about the main services to consider after purchasing and insuring a luxury property:

1. Choosing the right energy supplier is essential

   It is necessary to arrange new electricity and gas contracts. Due to price variations in recent years, we recommend checking your bill regularly. Taking advantage of the sunshine hours in Spain is smart, because a photovoltaic installation not only helps the environment, but also reduces your bill and increases the value of your property.

2. An alarm connected to the central police station is highly recommended

   This is a strategic move that enhances security, provides an immediate response, and offers peace of mind. It is also a proactive step to protect your property and its occupants while reducing the risk of theft, occupancy, damage and other security-related issues.

3. Understanding the healthcare system in Spain

   It is essential to understand how the healthcare system works in Spain and the main differences between private and public centers. Even though you might already have private health insurance in your country of origin, it is important to check what it covers abroad to avoid unpleasant surprises. A professional insurance department can advise you on private health insurance in Spain and, in many cases, manage your registration with the Spanish Social Security.

4. Municipal taxes and tax declarations

   The most convenient way to pay your municipal taxes is by direct debit. In addition, every property owner is obliged to file at least one tax return (form 210), even if they are not Spanish tax residents, and even more, if they rent their property to a third party. It is also important to check whether you are obliged to file other declarations, such as Wealth Tax. Taxation can be a complex issue if the property is in the name of a company. This is why it is always recommended to hire the services of a Spanish Tax Advisor that is based in the area where your new property is based and that speaks your language.

5. Formalities with public administrations

   Spanish bureaucracy can be challenging and can take time and patience. The easiest way to stay informed about notifications from public authorities is to use a service provider or digital certificate. At Anke Sevenster, we offer a service that verifies and manages Government notifications on your behalf, which saves you from unpleasant surprises if you cannot access your mailbox on a regular basis.

6. What else needs to be taken into account?

   Another aspect to consider is everything related to owning and driving a car in Spain. If you wish to import a car with a foreign number plate or need to check the expiry of the ITV (MOT) of your Spanish-registered car, Anke Sevenster will take care of all the paperwork for you. We also offer home collection services for your convenience.