Alicante Maravillas

Properties for sale in Spain

Find homes, villas and apartaments in Alicante

(0034) 679 28 75 98

(0034) 965 48 21 40

info@alicantemaravillas.com

HOW TO BUY

Procedures to follow when buying a home in Spain

(NB: The following figures are an approximate estimation)

• All properties are FREEHOLD
• All prices are in EUROS


ONE-OFF PAYMENTS

VALUE OF HOME ONLY ...............................................100.000-euros
VAT (called "IVA" in Spanish): 10% for resale properties ........ 10.000-euros
VAT (called "IVA" in Spanish): 10% for new properties ........... 10.000-euros

When you decide to purchase, an initial deposit is made to secure the property. The rest of the payment, including VAT, will be made in full at the NOTARY (Commissioner of Oaths, appointed by the government). The Notary is an independent body who looks after the interest of both parties, buyer and seller, and is the only authority that can issue the freehold DEEDS of the property (In Spanish, the deeds are called the "ESCRITURA")

NOTARY FEES ……………………………………………………………… 400-euros
REGISTRATION OF PROPERTY ..................................................... 450-euros
CONTRACT OF WATER, ELECTRICITY & GAS ................................ 400-euros
SOLICITORS FEES APPROX ……………………………...................... 1.200-euros

Estimated Final Price ….….….….….….….….….….….….….….…. … 112.450-euros (for resale properties)
Estimated Final Price ….….….….….….….….….….….….….….…. … 112.450-euros (for new properties)

ON-GOING PAYMENTS (approximate running costs)

RATES ("Contribución Territorial Urbana")………..……….....………. 150-euros (per year)
WATER ……………………………………………………….....………. 20-euros (per quarter)
ELECTRICITY ……………………………………………………………. 30-euros (per month)
GAS BUTANE …………………………………………………………... 17-euros (per 12 kg cylinder)
(For normal daily use, cooking, a cylinder lasts for approx 4/5 months.)
COMMUNITY CHARGES (applicable to urbanizations only) .......... 20-euros (per month)
Home Contents Insurance (Fire-Floods, etc).................................150-euros (per year)

Car Insurance …………………………………………………………… 250-euros (per year)
Road Tax ……………………………………………………………...... 100-euros (per year)

All of the above payments are paid by direct debit through your private, (except gas cylinders, which are paid on receipt). The Spanish Bank will forward all statements directly to your home in UK.

VERY IMPORTANT: NIE NUMBER

The SOLICITOR will act strictly on your behalf throughout the entire transaction of purchasing or selling a home. He will obtain the NIE number for you.
Without the NIE NUMBER you can NOT buy a house in Spain.
The NIE NUMBER is obtained via the Spanish Police Station, or, if you are abroad, through the Spanish Consulate.