Spain Assured.com: Spain Assured, New Build Properties for sale in Almeria, Spain

New Build Properties.

Property Tax.

Tax Payable of the purchase price for a New Build property 1% when bought from a builder/developer (First Registration Stamp Duty). This document fee is in addition to the 8% IVA (VAT) which is payable instead of the Property Transfer Tax which is charged when you buy a re-sale property and is currently 7% and for properties over 400.000€ 8%.

IVA (VAT) HAS BEEN REDUCED FROM 8% T0 4% ON NEW HOME PURCHASES UNTIL DECEMBER 31^st, 2011

Purchasing a New Build Property.

When you purchase a new property in Almeria or in Spain generally there are many considerations to take into account. Quite often a new build property seems to be a bargain when compared with a re-sale, but as any new owner will tell you there are quite a few items not supplied by the developer that are necessary, for example; light fittings.

Very often in the past the kitchen would not be supplied either but thankfully this is now not the norm due to fierce competition between developers wishing to attract an ever smaller pool of potential buyers looking to buy a Almeria Spanish property. In todays current market in most new build cases you will find that the builder will have a mortgage on the property which can usually be transferred and which sometimes work out as a better mortgage deal. Should you require a mortgage for your Almeria property purchase this is worth considering.

Dealing with Developers & Banks.

The developers and banks with whom we deal with are very specific about the property packages they offer. However it is wise to ask if something is not mentioned on their specifications so it can be included in the final negotiations before any contract signing or monies deposited on a new property.

Spanish Properties Bought Off Plan.

In Almeria there are many opportunities to buy a Spanish Villa, Apartment or Townhouse before they have been constructed, therefore it is a good idea to inform yourself fully on these deals as procedures do vary from builder to builder. For example it is usual practice to secure a Almeria Spanish property with a deposit of between 10 to 40 % depending on the builder and in some cases paying in stages up to 80% before the completion of the property, the final payment being made when you sign at the notary office the Escritura and the deeds transferred into your name.