Law and finance in Spain

Documents required to buy property in Spain

Documents required to buy a property in Spain from a developer Buying a property from a developer on the Costa Blanca in Spain requires the submission of certain documents. Here is a list of basic documents that may be required: Proof of identity: A passport or ID card will be needed as a basis for identity. Tax Identification Number (NIE): For foreigners, it is necessary to obtain a NIE number...

Apostille in Spain. You have a property separation and you want to buy a property in Spain, what you need to know.

When separating property in Poland and wishing to purchase property in Spain, the document confirming the separation of property should have an apostille in order to be valid in Spain. The Apostille is an official certificate that entitles documents issued in one country to be recognized as valid in other countries that are parties to the Apostille Convention. In the...

Buying a property in Spain involves some additional costs that you should factor into your budget.

Taxes in Spain Transaction Tax: In Spain, there is a tax on real estate transactions, known as Impuesto sobre Transmisiones Patrimoniales (ITP). Its amount varies from region to region, but usually ranges from 6% to 10% of the value of the property., this tax applies to secondary market properties. Value Added Tax (VAT): For new properties, value-added tax (IVA) is applied instead of ITP. Currently,...

Alicante real estate: Gran Alacant

Gran Alacant - Alicante real estate is a seaside estate located in the province of Alicante, Spain. 10 minutes by car from Alicante city center. A great place to buy real estate Gran Alacant is a popular destination for both vacation stays and permanent residence. The estate is located on a cliff and offers spectacular views of the Mediterranean Sea. There are several beautiful sandy beaches here, which...

Could buying an apartment in Benidorm or Alicante be a good investment idea?

It is worth considering several factors before making a decision. Here are some elements to consider: Tourist popularity: Both Benidorm and Alicante are popular tourist destinations in Spain. Both places attract tourists from different countries, which can lead to interest in renting apartments. High tourist demand can help generate rental income. Real estate market: Investigate the current state of...

Property maintenance costs in Spain

You will fulfill your dream buy an apartment in Spain, you will finally be able to come to this wonderful place, enjoy the sun and delicious food, you will recharge '' batteries'' here. Remember, however, that so are the costs of maintaining a property in Spain. Property maintenance costs in Spain When you purchase a property that has, for example, two bedrooms and a living room, located in a...

Do you have a house or apartment in Spain – do you want to rent? What do you need to know?

TOURIST LICENSE What is a tourist license in Spain? licencia turística - compulsory license for tourist rentals in Spain How to get a tourist license in Spain? The application for a tourist license in Spain can be downloaded from the Spanish authorities' websites. Depending on the region, we will have to approach a different authority. For example, a tourist license for a property in Valencia,...

Mortgage in Spain – income from an employment contract

Mortgage loan in Spain Foreigners can take a mortgage in Spain from a Spanish bank, currently the loan amount is a maximum of 70% of the net value of the property , all depends of course on the borrower's documentation and the bank's decision. It should also be remembered that the bank does not finance the taxes and costs of purchasing the property.Such costs oscillate with IVA tax from 12 to...

Does it make sense to buy a property in Spain from a developer ?

Advantages of buying a new property on the primary market Properties in Spain from the primary market, despite the fact that they often have a higher price than used ones, this expense pays off more in the long run, by lowering bills or not having to do renovation work. Properties in Spain are much more developed than in Poland, which means that in order to move in we only need furniture, a...

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