Dive into the real estate world of the Costa Blanca, Spain, with our expert guides and detailed analyses. With over 25 years of experience in the Costa Blanca real estate market, we help you maximize your investments and find the best buying and rental opportunities. Our clients have seen their capital grow significantly. Are you ready to join them and secure your success in one of the most sought-after regions of the Mediterranean?
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How to invest in Real Estate in Albir, Costa Blanca, Spain
16 02 - 2023
How to invest in Real Estate in Albir, Costa Blanca, SpainInvesting in real estate in Albir, Costa Blanca, Spain can be a lucrative venture for those who are looking to diversify their investment portfolios. However, investing in a foreign country can be a daunting task, especially for those who are not familiar with the local laws and customs. In this article, we will provide you with a step-by-step guide on how to invest in real estate in Spain. Identify the location: The first thing you need to do is research the real estate market and determine the locations that interest you. It is important to take into account factors such as the demand for housing, the average property price, proximity to services and transportation, and the potential for appreciation in the area. ...
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Fixed costs of home ownership in Spain
16 02 - 2023
Fixed costs of home ownership in SpainThe fixed costs of home ownership in Spain are similar to those in other countries and may include the following:Mortgage costs: If the property was purchased with a mortgage, there will be monthly payments due to repay the mortgage. This amount will depend on the size of the mortgage, the interest rate, and the term of the loan.Municipal taxes: Every property owner in Spain must pay the annual property tax (IBI). This tax is based on the value of the property and is set annually by the local municipality.Insurance: Homeowners in Spain must take out building insurance to protect their property from damage caused by fire, flooding, and other events. The amount you pay for insurance will depend on the value of the property and the level of coverage...
more Public deed of sale and purchase: everything you need to know
16 02 - 2023
Public deed of sale and purchase: everything you need to knowA public deed of sale and purchase, also known as a notarial deed, is a legal document that serves as proof of the transfer of ownership of a property or asset from the seller to the buyer. In this document, both parties state their intention to buy and sell, as well as the terms and conditions of the transaction.Here are some key things to know about a public deed of sale and purchase:Purpose: The main purpose of a public deed of sale and purchase is to legally transfer ownership of the property or asset from the seller to the buyer. This document is usually prepared by a notary public or a lawyer.Legal validity: A public deed of sale and purchase is a legally binding document that is recognized by courts and government...
more What is the municipal capital gains tax and how is it calculated?
16 02 - 2023
What is the municipal capital gains tax and how is it calculated?The municipal capital gains tax, or Impuesto sobre el Incremento del Valor de los Terrenos de Naturaleza Urbana (IIVTNU) in Spanish, is a tax on the increase in the value of urban land when it is transferred from one owner to another, either by sale or inheritance. It is applied at the municipal level in Spain and is intended to tax the increase in the value of the land during the time it was held by the seller.The taxable base of the municipal capital gains tax is calculated using the cadastral value of the land and the number of years that the property has been held by the seller. The formula for calculating the tax varies depending on the regulations of each municipality, but it generally involves applying an annual...
more What is ITP and when does it have to be paid?
16 02 - 2023
What is ITP and when does it have to be paid?ITP (Impuesto de Transmisiones Patrimoniales) is a tax that is applied in the purchase of second-hand properties in Spain. ITP is applied at the regional level, which means that the rate and payment method vary depending on the autonomous community where the property is located.In most autonomous communities, the tax rate for ITP ranges from 6% to 10% of the property value. ITP must be paid before the signing of the purchase deed before a notary, and it is the buyer's responsibility to pay it.It is important to note that ITP is only applied to the purchase of second-hand properties, while in the case of new properties, Value Added Tax (VAT) is applied instead of ITP. Additionally, in some autonomous communities such as Catalonia and...
more What are the approximate notary fees for the sale of a property?
16 02 - 2023
What are the approximate notary fees for the sale of a property?Notary fees for the sale of a property in Spain can vary depending on several factors, such as the location of the property and its value. However, as a rough estimate, notary fees in a property sale typically range from 0.1% to 1% of the sale price.For example, if the sale price of a property is €200,000, notary fees could be in the range of €200 to €2,000.It is important to note that, in addition to notary fees, there will also be other costs associated with selling a property in Spain, such as taxes, registration fees, and the fees of lawyers or real estate agents, among others. Therefore, it is important to take into account all the expenses associated with the property sale process when planning and budgeting for the...
more Who pays the notary in a sale in Spain?
16 02 - 2023
Who pays the notary in a sale in Spain?In a property sale in Spain, the buyer is responsible for paying the notary. The notary is a public official who ensures that the sale process is conducted correctly and in accordance with the law. The buyer must pay the notary fees for the preparation of the purchase-sale deed and their intervention in the transaction process.However, it is important to note that notary fees can vary depending on the location and value of the property, as well as other factors. Therefore, it is advisable to know the exact notary costs and any other additional expenses that may arise during the sale process in advance.
more Costs of buying a home in Spain
16 02 - 2023
Costs of buying a home in SpainWhen buying a home in Spain, there are several costs to consider in addition to the agreed sale price with the seller. Some of the most common costs are:Taxes: Transfer Tax (ITP) is the tax paid when buying a used property, while Value Added Tax (VAT) is applicable to the purchase of new properties. The ITP varies by autonomous region but is usually between 6% and 11% of the sale price, while VAT is 10% of the taxable base.Notary and registration fees: A notarial deed of purchase-sale of the property is required, which must be signed before a notary and registered in the Land Registry. Notary fees usually range from 0.1% to 1% of the sale price of the property, while the cost of registering in the Land Registry is lower. In general, these costs can range...
more How to write an advertisement to sell a flat or house
16 02 - 2023
How to write an advertisement to sell a flat or houseWriting a good advertisement to sell a flat or house is essential to attract potential buyers and close the sale. Here are some tips for writing an effective advertisement:Catchy title: The title is the first thing potential buyers will see, so it should be catchy and descriptive. Include information about the location, size, and key features of the property, such as "Central 2-Bedroom Flat with Spectacular Views."Detailed information: Provide detailed information about the property, including its size, number of bedrooms, bathrooms, and any other spaces such as a garage or terrace. Additionally, describe any special features such as orientation, natural light, ventilation, decor, security, accessibility, etc.Quality photos: Photos...
more Why investing in real estate on the Costa Blanca is worthwhile
15 02 - 2023
Why investing in real estate on the Costa Blanca is worthwhileInvesting in real estate on the Costa Blanca, a region on the southeastern coast of Spain, can be a worthwhile venture for several reasons:Location: The Costa Blanca is a highly popular tourist destination, known for its beautiful beaches, sunny weather, and Mediterranean lifestyle. This makes it an attractive location for property investment, as there is a high demand for holiday homes and rental properties in the region.Strong Rental Market: The strong tourism industry in the Costa Blanca means that there is a strong rental market for investors. Many people are attracted to the region for holidays and short-term stays, which means there is a steady stream of potential renters throughout the year. This makes it possible for...
more Why buying a house in Albir is a good investment
14 02 - 2023
Why buying a house in Albir is a good investmentThere are several reasons why buying a house in Albir can be a good investment:Location: Albir is a popular tourist destination on the Costa Blanca in Spain. Its proximity to the sea, climate, and surroundings make it an attractive location for tourists and expats.Real estate market: the real estate market in Albir is stable and growing, which means that the value of property can increase over time. Many people see real estate as a safe and reliable investment.Rental income: if you don't live in Albir permanently, you can rent out your property to tourists or expats. This can provide an extra income stream and make your investment even more valuable.Lifestyle: Albir offers a high quality of life, with good amenities and facilities, such...
more Why invest in the Albir property market?
14 02 - 2023
Why invest in the Albir property market?There are several reasons why investing in the Albir property market could be a good option:Location: Albir is located on the Costa Blanca, close to cities such as Benidorm and Altea. The region is known for its mild climate, beaches, and natural beauty, making it very attractive to both tourists and investors.Infrastructure: Albir has good infrastructure, with high-quality public and private services such as medical centers, schools, shops, and restaurants. In addition, Alicante airport is only a 40-minute drive away.Stable property market: The property market in Albir is stable and offers a wide variety of properties at competitive prices, making it attractive to both national and international buyers.Rental potential: Albir is a popular...
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