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Frequently asked questions when buying a property in Spain

faq

Frequently asked questions about Real Estate Services, taxes, golden visa or locations offered by Selected Spain includes buying professional services, listing services and investment advice

Frequently asked questions about real estate services:

How much are Selected Spain fees?

Because Real Estate Agencies work differently depending on the area they are located in Spain:
Selected Services for our Clients start at 0€ depending on the region and services needed.

These include: Access to the whole market, search of properties matching requirements, sending offers, expert real Estate advice, support on the phone or online thru mail, full disclosure on properties checking purchase private contracts. Pre-visit, debt report, value report, property and surrounding visit, CMA (comparative market analysis), return of investment sheet,negotiation and strategy advise, Notary signing presence, Notary translator service in English, property videos, utilities contract services, and after sale support for your needs.

Contact Us for an specific quote.

Can I upgrade my Service?

If you start with any Selected Spain service, and you want to update services or add any specific need you are free to do it, please just let us now.

Can I ask for an individual service?

Having signed for Selected Services or Premier Services, and at a certain moment you need a specific service not included,
ask Us for a quote of that service. We will give you an estimate on that particular service.

What services are provided by a buyer’s representative?

-Helping you clarify your priorities.

-Suggesting sources of financing and other service professionals, such as inspectors and exterminators.

-Providing sources of accurate and lawful information on neighborhoods, schools, and communities.

-Selecting and arranging property showings.

-Evaluating particular properties.

-Explaining forms and agreements.

-Suggesting contract contingencies to protect you, rather than the seller.

-Assisting in the negotiations for a favorable price and terms.

-Keeping all information confidential that could weaken your bargaining position.

-Monitoring the entire purchase process, assisting with issues that arise through closing.

 

Real Estate Taxes In Spain

Real Estate Taxes in Spain is a main concern, so lets explain it in a simple way:

What are the expenses of buying a house in Spain?

The total expenses when buying a house in Spain:

1. New house

-10% IVA.
-1,5% ADJ

– “Registro de la propiedad”:Registration of the property Depends on property price: 300-600€
-“Notaria”Notary’s office 350-1500€, depends on property price.
Both Registro and Notaria together normally cost around 1,5% of the property price.

-“Gestoria”Management company
Fees of the management company which undertakes the work involved in processing the sale of the property.
This one depends but usually around 300 and 450 € as a fix fee.

2. Second hand

– “ITP” tax that depends on situation and value of the property. (From 7 to 10 %).
– “Registro de la propiedad”:Registration of the property Depends on property price: 300-600€
-“Notaria”Notary’s office 350-1500€, depends on property price.

Both Registro and Notaria together normally cost around 1,5% of the property price.

-“Gestoria”Management company
Fees of the management company which undertakes the work involved in processing the sale of the property.
This one depends but usually around 300 and 450 € as a fix fee.

What taxes are need to pay as a property owner in Spain?

“IBI” this is a tax you pay to the “ayuntamiento” town hall, every year based on the cadastral value. It is an annual tax.
The local Town hall mark the percentage it goes from 0,4 to 1,5 % of this value.
“IRNR” Non resident property income tax.
This one work as it follows, if you rent the property you have a 24,75% income tax.
If you do not rent the property , spanish government consider that you have to pay a 24,75% of a 2% of the cadastral value.
(cadastral value of 100.000 that would be 495 €) annually.

 

Golden Visa in Spain Frequently asked questions

 

Does having a property in Spain give foreigners the right to register in our country or get a residence permit?

Not the same enumeration that the residence permit. The municipal council depends and he should be discharged from all the people living inthe municipality, whether domestic or foreign, the latter having regularized their situation in the Registry of the Ministry of Interior or not.

Regarding residence, until now buying a home in Spain not guarantee obtaining a residence permit. If previously done with that intention, the nonresident alien must apply for a residence permit nonprofit, fulfilling a number of requirements.

Does having a property in Spain give foreigners the right to get a residence permit?

No, not at all. Just buying a property does not mean you can get a residence permit.
Which investment is required to obtain residence permit in Spain?.

Since June 2013 with an investment at least of 500.000 €, you can obtain residence for you and your direct family.
For more details contact Selected Spain.

To consider:
Before you buy a property in Spain to obtain this Visa you should consider a few points:
– First check if there is any special requirement that affects you in anyway. For example if you visa
have been rejected in the pass, or if you criminal record will stop your application.

– If you have family, your marriage need to be legal and be valid in Spain. If you have children
you can get this visa for them only if they are under 18.

– We all know that you need to invest at least 500.000€, but you need to be able to explain where
the money is coming from. And you need to proof the investment by presenting the Property
registration.
If you have considered all this, still try to be advise by a professional that helps you buying at the right price.
This way you always can sell the property easily in case you don´t get the Golden Visa.
About Buyer´s Services

 

Spanish locations for real estate investment

About Costa del Sol

Spanish Locations. The Costa del Sol literally, “Coast of the Sun” is a region in the south of Spain, in Andalusia, comprising the coastal towns and communities along the coastline of the Province of Málaga.
The Costa del Sol is situated between two lesser known coastal regions, the Costa de la Luz and the Costa Tropical. Formerly made up only of a series of small fishing settlements, today the region is a tourist destination of world renown.
The Costa del Sol includes the city of Málaga and also the towns of Torremolinos, Benalmádena, Fuengirola, Mijas, Marbella, San Pedro de Alcántara, Estepona,Manilva, Casares, Rincón de la Victoria, Vélez-Málaga, Nerja, Frigiliana and Torrox.
Costa del Sol has all the services, including Airport, Beaches, Golf Courses, Luxury Resorts,or Shopping Centers.
The price at the moment is at its lowest for any kind of property. For example Marbella is one of the Cities where Real Estate Sales has been increasing in the last year. We can help you find and buy Selected Property in Costa del Sol.

About Madrid

Madrid is the capital of Spain and its largest city. The population of the city is roughly 3.3 million and the entire population of the Madrid metropolitan area is calculated to be around 6.5 million. It is the third-largest city in the European Union, after London and Berlin, and its metropolitan area is the third-largest in the European Union after London and Paris. The city spans a total of 604.3 km2 (233.3 sq mi).

The city is located on the Manzanares river in the centre of both the country and the Community of Madrid (which comprises the city of Madrid, its conurbation and extended suburbs and villages); this community is bordered by the autonomous communities of Castile and León and Castile-La Mancha. As the capital city of Spain, seat of government, and residence of the Spanish monarch, Madrid is also the political, economic and cultural centre of Spain.

There are plenty of properties at amazing prices to make a great investment. Real Estate Market in Madrid is increasing Rental demand, and best outstanding offers are starting to disappear.

About Barcelona

Barcelona is the capital city of the autonomous community of Catalonia in Spain, and the second largest city in the country, with a population of 1,620,943 within its administrative limits. The urban area of Barcelona extends beyond the administrative city limits with a population of around 4.5 million, being the sixth-most populous urban area in the European Union after Paris, London, the Ruhr,Madrid and Milan. About five million people live in the Barcelona metropolitan area. It is the largest metropolis on the Mediterranean Sea, located on the coast between the mouths of the rivers Llobregat and Besòs, and bounded to the west by the Serra de Collserola mountain range.

Barcelona is today one of the world’s leading tourist, economic, trade fair/exhibitions and cultural-sports centres, and its influence in commerce, education, entertainment, media, fashion, science, and the arts all contribute to its status as one of the world’s major global cities. It is a major cultural and economic centre in southwestern Europe , 24th in the world and a financial centre (Diagonal Mar and Gran Via). In 2008 it was the fourth most economically powerful city by GDP in the European Union.

In 2009 the city was ranked Europe’s third and one of the world’s most successful as a city brand, but it has since been in a full recession, but with some recent signs of the beginning of an economic recovery. Barcelona is a transport hub with one of Europe’s principal seaports, an international airport which handles above 35 million passengers per year,[15] an extensive motorway network and a high-speed rail line with a link to France and the rest of Europe.

As a famous European city, Barcelona has been increasing its Real Estate demand. Investors of all over the world want to buy Property in Barcelona. The return of the investment is fast, as each year more tourist are coming to visit the city.

  • 100.000 € to 5.000.000 €

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