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Buying real estate in Spain
Buying a Spanish property will normally be contained in a private contract with a deposit of around 10% payable which is binding by law. It is possible to agree a contract where either party may change their minds at a financial cost. The private contract should contain details of the agreed deposit payment, purchase price and details for payment of the outstanding balance of the agreed buying price plus any additional extras and your intended completion. A Notary will prepare the official contracts and make sure it complies with Spanish regulations. If there is common ownership a Community of Owners must be established through which community charges can be shared. If your property is contained in an apartment block then the law will relate to the Horizontal Division and this should be clarified, especially in new developments. Any property sale or purchase in Spain should be registered in the Land Registry and its important to make sure any relevant taxes are paid before this is done.

Costa Blanca Property  - Property in Costa Blanca

Costa Calida Property - Property in Costa Calida

Costa Dorada Property - Property in Costa Dorada

Costa Del Azahar Property - Property in Costa del Azahar

Please note:
It is common practice for the sale and purchase price to be understated by Spanish sellers, enabling them to reduce their tax liability and reducing your stamp duty fees. However, you could be liable for Capital Gains tax on additional profit once the true price is declared and non residents will normally be expected to deposit 5% of the sale proceeds with local tax offices until any agreements are reached, and could have liability by both seller and buyer if the profits or in excess of set limits around Pt2,000,000.

Fees
You would expect to pay a total of around 10% of the purchase price. This could include Stamp duty, charged at 7% of the official selling price (4.5% for the Canaries), and 0.5% for contract documents Land Registry is charged against a rateable table held by local authorities. There will also be a tax on the increase of the land your property lies on since it was last sold and should be paid by the vendor. Notary fees will also be included in the total costs.

Property Tax

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All your Spanish property taxes will be based on the official price registered, not on selling prices and you would expect to pay under 1% annually, plus additional service taxes set by the local authority. Wealth tax charges apply for residents after 17m ptas of net assets; if you don’t apply for residency you could be charged tax for all your net assets. Rate varies from fractions of a percent to over 2% depending on net assets.

Click here for further information about property in Spain

For more information on Spanish Property and to arrange your viewing visit:

  Spanish Property Viewing Arrangements  

Spanish Property Search:

Spanish Property Search  


buying real estate in Spain
  Spain

Angio Continental Properties - Overseas Property Consultants
  www.anglocontinental.co.uk

Allsop - Real Estate Agents
  www.allsop.co.uk

AWS Realty Investments - Marbella
  www.aws-realty.com

Attic Trade Inc - Property in Spain (Scandinavian Real Estate Agency)
  www.attictrade.com

Almeria Spanish Properties
  www.cortijo-andalucia.com

Bellamy-Marks International, Costa Blanca,Spain
  www.bellamy-marks.com

Casa Marbella, english
  www.casamarbella.es

Costa Blanca Real Estate
  www.oceanside-real-estate.com

Cabo Bermejo VTP group - Apartments in Marbella
  www.vtp.net

Country Properties .S.A. - Real Estate in the Costa Del Sol's Hinterland
  www.countryproperties.net

David Headlands Spanish Property Consultants
  www.headlands.co.uk

Dr Stange Immobilien - Marbella
  www.drstange.de

EPN, Spain english
  www.europropertynet.com/spain.htm

Escapade S.I.A. English, Franįais, Espaņol., Deutsch and Portuguese.
  www.escapade.es

European Villa Solutions
  www.europeanvs.com

Executive Villas - Rent or Buy
  www.executive-villas.com

FADESA - Real Estate Group Spain
  www.fadesa.es

Globe Immobilien - Globe Real Estate
  www.globe-immo.com

Golden Mile Residences, Marbella
  www.goldenmile.es

Greenbox Properties - Costa Del Sol,Costa Blanca,Algarve
  www.greenbox.co.uk

Gran Sol Properties (Europe) Limited
  www.gransolproperties.com


Hamptons International Overseas Network
  www.hamptons-int.com

Independent Property Consultants
  www.ipc-homes.com

Inmobiliario Portal - Espana
  www.www.globaliza.com

IPC - Independent Property Consultants - Property in Spain
  www.ipc-homes.com

Inmueble Valencia
  www.pisokey.com

Inmobiliaria Ortuondo (apprasials and valuations)
  www.ortuondo.com

Interealtynet - Costa Del Sol's Premier Estate Agency
  www.interealtynet.com

Luxury Spanish Villas - Spanish Villas and Developments
  www.luxuryspanishvillas.net

Lucia Pou Properties espaņol/english/deutsch
  www.luciapou.com

La Perla Living - Southern Coast of Spain
  www.laperlaliving.com

MMI Properties Overseas - Costa Blanca
  www.mmiproperties.com

Marbella Service Line .S.L - Costa Del Sol
  www.marbella-sl.com

Mercers - Spanish Property Specialists
  www.spanishproperty.co.uk

Marbella Habitat Rental, english/espaņol/deutsch
  www.ctv.es/marbellahabitat

Marbella Property, Müller Immobillien Consult
  www.muller-consult.com

Orcrosa Real Estate - Marbella
  www.orcrosa.com

Properties in Spain
  www.spainprop.com

Real Estate Partnership, Spain
  www.costablanca-immo.de

Real Spain, english/deutsch/espaņol
  www.realspain.com

Richard Overhaus, Costa Blanca Real Estate, German
  www.spain-immo.de

Spain Real Estate Agent
  www.catworld.net/finquesbesalu/indexeng.htm

Santa Clara Spanish Villas
  www.santaclaravillas.com

Spanish Choice - Personal property agents for Southern Spain
  www.spanishchoice.com

Select Resorts - Rental and Property Sales Agents
  wwww.selectresorts.co.uk

Sauer Real Estate - Marbella,Mallorca,Nurnberg
  www.sauer-int.com

Su Casita
  www.sucasita.es

Taylor Woodrow Homes in Spain
  www.taywoodspain.co.uk

Tenerfife Property Search
  www.tenerifepropertyshop.com

Team Espana - Costa del Sol, Nerja
  www.QualitySpain.com

Tenerife Properties
  www.tenehome.com

Pedro Mesquida - Estate Agents Spain
  www.pedromesquida.com

Propertunities - Costa Colida, Southern Spain
  www.propertunities.co.uk

Promotora Inmobiliario
  www.coprusa.es

Real Estate Spain
  www.spainhouses.com

Real Estate - Costa Del Sol
  www.casamarbella.es

Real Estate - Ivar Dahl
  www.ivardahl.com

Real Estate - Spain
  www.remax.es

Real Estate Spain - Costa Blanca
  www.infocasatour.com

Real Estate - Marbella - Villa Marketing
  www.villamarketing.com

Royal Marbella Property Developers
  www.royalmarbella.com

Ultra Villas - Real Estate in Spain
  www.ultravillas.com

Viva Estates - Costa Del Sol
  www.vivaestates.com

World Class Homes - Independent Real Estate Agencies
  www.worldclasshomes.co.uk


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