Buying a property in Spain
Making a decision to buy a Spanish property is a very important one and one that requires a great deal of investigation and information. All of our staff based  in Spain are  aware of some of the doubts you may have as many of them have successfully overcome the transfer and moved abroad to Spain .

What they have found is that life in Spain can be much more relaxed and stress free as the average Spanish person is aware that life is to be “lived”. A large part of the Spanish outlook is that they live in a sunny climate that generates a more open and sunny outlook on life.

When it comes to food you will discover that this is one of the passions of the Spanish,  the Mediterranean diet is considered by the World Health Organisation to be one of the best in the world. The same august body has also declared that this part of the world is the healthiest in the world with a wonderful temperate climate in winter and 320 days of glorious sunshine.

Spain is a wonderful place to live. With the help of our staff you can find the Spanish property to suit you and your new lifestyle.

10 good reasons to invest in Spain

1.       You owe it to yourself to improve your lifestyle and quality of life.

2.       It is the healthiest area in the world according to the World Health Organisation.

3.       Whether a main residence or holiday home, property values have increased dramatically, and are likely to continue rising.

4.       There are on average 320 days of sunshine with a winter average temperature of 15°C .

5.       An opportunity to make dreams come true, there are a host of things to do.

6.       With a lower cost of living you can spoil yourselves.

7.       Enjoy and share in the wonderful culture and marvellous fiestas of Spain .

8.       You can still enjoy your native cuisine yet enjoy the healthy and varied Mediterranean diet of Spain in the hundreds of good restaurants in the area.

9.       The Costa Blanca is only a few hours flight from your home country and with modern communications, such as telephone or internet, no-one dear is too far away.

10.    An opportunity to meet new people from all walks of life and make new friends.

 

Purchase costs in Spain
With the ever increasing popularity of buying property in Spain it is important that you prepare carefully for your new real estate venture by calculating the relevant finances that will enable you to be in a position to purchase your Spanish property before you attend an inspection trip. This will determine your budget to buy and allow you to put a reservation on the house of your dreams.

Here on our website and in all our brochures you will see Spanish property prices quoted in Euros with an approximate calculation of how much that property would cost you when converted into Sterling . This is of course a variable rate and one that we endeavour to keep as current as is possible. However you also need to consider the additional costs of purchasing a property in Spain .

These costs are approximately 10-12% of the value of your purchase.  Below is an example of the additional costs that you can expect to incur when buying a property in Spain .

IVA 7% (Spanish Equivalent to VAT)       
Payable as part of the payment structure - or on completion of the property as detailed in the contract (7% of the declared value of the property).                              
           
Administration Fee. This is payable after you have signed your contracts with the builder. It is to be paid to our office.     
                  

Lawyers Fees
Payable on completion of the property, making searches, preparation of the Escuritura (Title Deeds) and translation before a public Notary. inc. VAT.

Notary Fees
Preparing the Escritura , registering the Title and stamp Duty.

Land Registry Fees
To register the property at the relevant Land Registry Office.

Connection charges
Water, Electric, Drainage etc                 

Plus Valia ( Capital Gains )
A Town Hall tax in accordance with Spanish Law, the vendor is liable to pay the Plus Valia Tax. However on new build properties it is paid by the purchaser.

Transmission Tax
Spanish Government Tax of 0.5% of the declared value of the property due on the registration and documentation of the Escritura ( Title Deeds ).