News: How to buy property in Spain?
For many foreigners, buying a property in Spain can be a problem because they do not know where to start. In this article we will share with you several guidelines about how to buy a property in Spain.
What you should know about how I buy property in Spain
To buy a house in Spain is necessary to have the NIE (Foreigners Identification Number). It is a personal and unique number that is needed to make any transaction in Spain such as buying a property.
The purchase of a home is made with a notary and must be registered in the Property Registration. In addition, before formalizing the purchase with a notary, it is advisable to make a private contract of sale commitment, known as a "deposit contract". In it, a part of the final price paid when the transmission of the home is made is paid with the notary.
You have to keep in mind that when you buy a home, you have liens for different taxes, which makes your price increase considerably. Among the taxes to be paid is the VAT (Value Added Tax), which is 10% in the case of new homes or first transmission.
The ITP (Capital Transfer Tax) is applied in the case of second or second transfer properties. It has a tax ranging from 6% to 10% depending on the Autonomous Community in which the property is located.
In addition, you also have to pay the AJD (Tax on Documented Legal Acts), which must be paid if you buy the house through a mortgage, to which you must add VAT.
Finally, do not forget other expenses that can make the price increase, such as the registration of the property deed in the Property Registry as well as the public deed in the notary. In addition, if the home is purchased through a mortgage, it must include the appraisal, the notary, the inscription of the deed in the Land Registry and also the taxes associated with the mortgage.
Featured Properties
-
Villa - Resale
Spain - Alicante / Costa Blanca South - Villamartin
Ref.: 1632 106m2 3 2 - EXCLUSIVE
Semi Detached House - Resale
Spain - Alicante / Costa Blanca South - Torrevieja - Los Balcones
Ref.: D3539 95m2 3 2 - Sea viewEXCLUSIVEClose to sea
159.000€129.000€Apartment - Resale
Spain - Alicante / Costa Blanca South - Torrevieja - Playa De Los Náufragos
Ref.: D2713 90m2 4 2 - Sea viewClose to sea
425.000€398.000€Semi Detached House - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: E1699 350m2 5 4 - Close to sea
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1733 2 2 - Close to sea
Commercial Property - Resale
Spain - Alicante / Costa Blanca South - La Zenia
Ref.: N091 100m2 0 0 - Sea viewClose to sea
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1367 120m2 2 2 - EXCLUSIVEClose to sea
Apartment - Resale
Spain - Alicante / Costa Blanca South - Pilar de La Horadada
Ref.: E3771 65m2 2 2 -
650.000€595.000€Penthouse - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: D2332 76m2 2 2 - Close to sea
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 3316 100m2 2 2 - Sea viewEXCLUSIVEClose to sea
350.000€346.899€Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: D1798 119m2 2 2 - EXCLUSIVEClose to sea
280.000€260.000€Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: E3339 79m2 2 2 - Close to sea
Apartment - Resale
Spain - Alicante / Costa Blanca South - Torrevieja
Ref.: 1706 48m2 1 1 - Sea viewClose to sea
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1359 76m2 2 2 - Sea viewClose to sea
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1358 60m2 2 1
Latest properties
-
Apartment - Resale
Spain - Alicante / Costa Blanca South - Torrevieja
Ref.: E1812 78m2 2 1 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1369 85m2 2 1 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1634 65m2 2 1 -
Villa - Resale
Spain - Alicante / Costa Blanca South - Villamartin
Ref.: 1632 106m2 3 2 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima - La Ciñuelica
Ref.: E3234 69m2 2 1 -
Penthouse - Resale
Spain - Alicante / Costa Blanca South - Torrevieja
Ref.: 6168 100m2 3 2 -
Villa - Resale
Spain - Alicante / Costa Blanca South - Cabo Roig
Ref.: 6167 440m2 5 5 -
Town House - Resale
Spain - Alicante / Costa Blanca South - Los Altos
Ref.: 6166 46m2 3 2 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1368 71m2 2 1