Confused about buying in Spain
This is a brief indication of the type of expenses you will be required to pay on your property purchase.
- Notary Fees - approximately 600€
- Registry Fees - approximately 600€
- 7% Tax of the purchase price for a Resale property
- 1% Tax of the purchase price for a New property
Committing to any property purchasing can seem daunting at the best of times, but even more so when that commitment is an overseas one with all its added differences of an unfamiliar system, language and culture. We at Spain Assured (property) can help alleviate any anxiety you may have by guiding you through the whole buying process, from the initial property search to the handing over of the key to your dream home.
We will arrange the application for your N.I.E number (which is a compulsory I.D. number for the purchase of any property in Spain by non nationals), being there at the notary to help you through the final purchase process, we will be at hand to make the transaction as smooth and stress free as possible.
When you have found your dream home the very first step is to secure your purchase with a small reservation fee which is normally 3,000€. Once this point is reached ,reservation and purchase contracts will be produced, these will outline the legal process of the purchase and include any mortgage details that may be required.
Once the contracts have been signed by both parties we will continue to act on your behalf with all matters in the respect of mortgages, money transfers, insurance, furniture packages, removals, solicitors etc, and we will be on hand to deal with any of your questions no matter how small to give you that peace of mind which is so important when committing to anything financial, especially overseas.
The final stage of the purchase is on the "completion day" when we shall accompany you to the Notary's Office with your chosen lawyer, (this is where all official paperwork is checked and approved in Spain) ensuring that you fully understand everything that is being officially discussed in Spanish. Only once you are happy with this, the balance of the purchase money is paid over, and the official title deeds are signed over into your name.
