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Faqs

What in case you decide to buy the property of your dreams? To be sure everything is going well and all will be in order, all of the important matters are gone through once more. We will draft a reservation agreement and take the property out of the market.

How does further follow-up work? The legal administration is transferred to our Real Estate Gestor who will take to heart the further buying process.

Do I need a lawyer to buy a home in Spain? If you are dealing with a strange language and a different bureaucracy, it is advisable to call on someone who understands the system and who is under the Spanish legislation or tax implications..

What is a N.I.E number? The N.I.E. is a foreigner's identification number and necessary to apply for this number before signing title deeds.

What additional costs should I be aware of? When buying your property in Spain you should expect that the additional costs will ordinarily amount to about a certain percentage of the purchase price. Our preference is to take a more up-front approach by breaking down and listing all of the matters that will come into play: By this way you will have a general idea of what you need to pay.

What additional costs I have to be in order with all tax obligations? In case of a new build construction IVA taxes have to be paid.or regarding a resale tramsmission tax has to be paid on notary day. What about notary and landregister ? Conveyancing costs are including Notary and Registration costs, and gestor fee for changing over of water, gaz electricity contracts and others.

Are there any other hidden costs? No.

Can I set up a Spanish will? Property owners are strongly advised to make a Spanish will as protection againts some unexpected actions, an uncomplicated process as it is in other countries.Our legal representative will take it to heart.

Estimated annual expenses? only if your property belongs to part of a community which owns common assets, a community fee has to be paid for the swimming pool, or elevators in apartment buildings. This fee vary dependant on the assets and maintenance levell. Another payments are payable at the local town hall SUMA taxws lik IBI. plusvalia or traffic taxes, (Spanish Council Tax) . Regarding property costs like energy, water, and your house insurance, all are due at different times dependent on the actual bill. Residents and non-residents have to take note to declare an annual income fom their bankaccount, savings or potential rent of the propert.

What costs I have to pay by selling my property? As non-resident a retencion of 3% will be withold by title deeds as well as capital gain taxes

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