COSTS OF BUYING
The cost of buying a property in Spain is usually around 13 to 15% on top of the purchase price.
The tax varies by region but in the Orihuela Costa area its 10% tax paid to the government and around 3% for legal and notary costs depending on the company you use.
When you have offer accepted on a property there is a deposit of 3000€ which is non refundable
BUYING A NEW BUILD PROPERTY
We work with reputable builders and can show you the best developments in the area. There is no advantage to contacting the builder direct in fact it is better too used an unbiased agent.
COST OF SELLING and
WHATS NEEDED TO MARKET YOUR PROPERTY
An agent who collaborates with other agencies and advertising portals to make sure your property gets seen by lots of buyers
Estate agency fees range from 5 to 10% plus 21% IVA (VAT)
Plus Valia, this is a local tax paid to the government and depends on the value of the property but on average between 300 and 800€
EEC and Habitation certificate 490€ (you cannot sell your property without this but they are valid for ten years)
Lawyer and legal costs around 1500€
Mortgage cancellation document from the bank
Letter from the community and copies of recent Suma, electric, gas and water
Nota Simpla and Title Deed
Copy of passport and NIE certificate
A good lawyer or gestor is important to ensure a smooth transition from the offer stage to the notary and they also offer a Power of attorney service to enable the purchase to go through without you needing to fly to Spain. We can reccommend companies that speak your language.
This is your tax number in Spain and you cannot buy a property or a car in Spain without this, you gestor or lawyer can arrange this for you. It can take several weeks to get an appointment but you can go the Spanish consulate in your own country and this is usually quicker
You need a Spanish bank account to transfer the money for the purchase
TRANSFERRING MONEY TO AND FROM SPAIN
Using a currency company to transfer your funds to Spain can save you a lot of money on the rates offered by your bank, we partner with Rational FX who offer great rates and an excellent service