ToponimoReal Estate

Ownership and clearance

Freehold in the Canaries is open to non-residents, so the structure question is narrower here than in most island markets — and it is replaced by a procedural one. The archipelago is a designated zone of interest for national defence (Ley 8/1975, RD 689/1978), so a non-EU buyer needs Ministry of Defence authorisation on a purchase where an EU buyer needs none. It delays rather than blocks, and it is settled before an offer because it is a condition of the deed rather than a formality after it.

What this covers

  • Whether the buyer's nationality triggers the defence authorisation
  • NIE, and the bank account a Spanish notary will require
  • Nota simple from the Registro de la Propiedad: charges, debts, boundaries
  • Introduction to an independent abogado and the notaría who register

Other services

Investment advisoryYield, holding costs and exit, before an offer.ResidencyWhat a purchase does and does not qualify for.Ownership and managementWho holds the keys when you are not there.