![\"\"](\"https:\/\/planetvilla.es\/media\/images\/news\/cache\/p19bkcl74j17gp1ul14bm17cn1orl9-160x120.jpg\")
<\/p>\n<\/p>\n
Looking for a
\nsuitable property<\/b><\/p>\n
The whole process starts with determining your requirements and your
\nbudget. Are you looking for an apartment, house or villa? If you wish to buy
\nfor investment purposes (rental income \/ capital gains) or to enjoy it
\nyourselves (as a holiday home, permanent residence or to stay in Winter). If
\nyou need a mortgage, your current bank can help you determine how much you can
\nborrow. If you want a loan in Spain we can help you as we have very good
\ncontacts with several major banks. When you find an interesting property on our
\nwebsite, you can request a visit through the website by phone or email, also if
\nyou have general or specific questions.<\/p>\n
Buying costs<\/b><\/p>\n
It is important that you are aware of the additional buying cost when you
\nare putting in an offer:<\/p>\n
New construction<\/u><\/p>\n
\u00b7 \u00b7 \u00b7 Total additional buying cost new build: +- 14%<\/p>\n Resale<\/u><\/p>\n \u00b7 \u00b7 Total additional buying costs resale: +- 13%<\/p>\n Purchase Contract Once an agreement is reached on the price, the purchase contract (also Formalities<\/b><\/p>\n To buy a house you need to have a NIE number and a bank account in Spain. NIE:<\/u><\/p>\n NIE stands for N\u00famero de Identidad de Extranjero and represents an identity It is a tax number that every person who buys a house in Spain needs.<\/p>\n Bank account:<\/u><\/p>\n The utilities (water, electricity and gas) and taxes are paid by direct Solicitor<\/b><\/p>\n In Spain, the notary only has an administrative function. He checks the Notary<\/b><\/p>\n Both buyers and sellers go together with their solicitors to the notary. From this day you can start enjoying your property and holidays in Spain.<\/p>\n \t\tLooking for a The whole process starts with determining your requirements and your
\n<\/span>VAT (IVA) rate
\nof 10% of the value of the property.<\/p>\n
\n<\/span>Stamp Duty
\n(AJD): rate of 1% of the value of the property.<\/p>\n
\n<\/span>Other buying
\ncosts (notary, solicitor, registration fees, local taxes, etc.): + – 3% of the
\nvalue of the property.<\/p>\n
\n<\/span>Transfer tax:
\nrate of 10% of the value of the property.<\/p>\n
\n<\/span>Other buying
\ncosts (notary, solicitor, registration fees, local taxes, etc.): + – 3% of the
\nvalue of the property.<\/p>\n
\n(compromise)<\/b><\/p>\n
\ncalled compromise) is signed. You have to pay approximately 3000 euro deposit upon signing the purchase
\ncontract. The amount may vary depending on the price of the property, for more
\nexpensive ones being a bit higher. <\/p>\n
\nOf course, we ensure that these formalities are taken care of.<\/p>\n
\nnumber for foreigners.<\/p>\n
\ndebit from a Spanish bank account in Spain.<\/p>\n
\nidentity of the owners and signs the deeds, he does not perform any preliminary
\nchecks. Hence it is very important to choose a solicitor who can check
\neverything for you. He checks whether all documents of the property are in
\norder and that there are no outstanding debts, so you can feel confident that
\nthere are no problems with the property. We work together with solicitors who
\nwe trust and who provide an excellent service.<\/p>\n
\nWhen signing of the “escritura” (deeds) at the notary, the balance of
\nthe outstanding sales price, the notary fees and registration fees are paid by
\nthe buyer and the seller hands over the keys of the house.<\/p>\n<\/div><\/p>\n","protected":false},"excerpt":{"rendered":"
\nsuitable property<\/p>\n
\nbudget. Are you looking for an apartment, house or villa? If you wish to buy
\nfor investment purposes (rental income \/ capital ga…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-266","post","type-post","status-publish","format-standard","hentry","category-english-en"],"yoast_head":"\n