Magnificent cities of sunny Spain are among the most attractive for buying real estate and are in demand among buyers from many corners of the world. It is not for nothing that it occupies a leading position in the rating of European countries as a tourist destination. These are regions with a favorable mild climate, rich history, unique architecture, developed infrastructure, clean beaches and friendly locals. The demand for the purchase and rent of apartments and villas is steadily growing.
Certainly, the presence of a Spanish home opens new prospects for its owner. Consider the main advantages:
- Bank lending. Spanish banks provide loans even to people who are not residents of the country.
- Affordable price of real estate. The prices for houses and apartments here are much lower than in Russia and Europe.
- Favorable climatic conditions, clean beaches, magnificent beauty of nature and beautiful ecology.
- Excellent prospects and pleasant conditions for creating your own business.
- Crime is at a low level.
- Own housing is the basis for issuing a Schengen multivisa for a year. In addition, there are programs for obtaining not only a visa, but also a residence permit and citizenship.
- The procedure is available not only to citizens of the country, but also to foreigners and migrants.
- The transaction of purchase and sale is simple and transparent costs.
Subtlety of design
So, having determined the region for the future residence and type of housing, it is necessary to familiarize yourself with the procedure for the transfer of ownership. To purchase the property it is necessary to conclude a private contract that contains information about the buyer and seller, the date and type of payment, the price of the object, its description. The transaction is executed by a notary public, which ensures its security. His duties include preliminary verification of the object, identification of possible obstacles to the change of ownership. Under Spanish law, the transaction must be completed within three months from the date of signing the contract. Your future house or apartment is pre-booked, and in your name a bank account is opened to make payments. Here you will need a passport, as well as an official document with information about your income.
Before making a purchase you need to sign 2 contracts: reservation (or reservation) of the object - 1-1,5% of the cost, as well as a deposit of ten percent. Then the bill of sale is signed and the rest of the amount is paid by bank transfer or check.
So, the total amount includes:
- The cost of a house or apartment.
- payment for notary services and state fees - 2%;
- tax on the purchase of real estate - can be from 7 to 10%;
- registration tax - ten euros;
- legal services, stamp duty - one percent of the cost.
Additional expenses may arise if it is necessary to translate documents legally, or to issue an identification code for a non-resident of the country.
As soon as you deposit a deposit for the apartment, its sale is suspended. The new owner enters into the ownership right from the moment of registration of the documentation in the Cadastre Register and receipt of the relevant documents.