Warning: Use of undefined constant container_class - assumed 'container_class' (this will throw an Error in a future version of PHP) in /var/www/u0750867/data/www/terrasun-spain.com/wp-content/themes/terrasun-spain/header.php on line 211
Warning: Use of undefined constant container_class - assumed 'container_class' (this will throw an Error in a future version of PHP) in /var/www/u0750867/data/www/terrasun-spain.com/wp-content/themes/terrasun-spain/header.php on line 224
The EXPENSES ASSOCIATED WITH THE PURCHASE OF A PROPERTY vary depending on whether it is a new construction or 2nd hand and depending on whether the buyer is requesting a mortgage or not.
A) NEW BUILT:
V.A.T.: 10% of the deed value of the property.
Stamp Duty (IAJD): Depends on each Autonomous Community, varies between 0.5% and 1.5%.
I.T.P .: Depends on each Autonomous Community, varies between 6% and 10%
The notary’s expense tends to vary depending on the price of the property, the length of the deed, if the house has attached properties or garages, etc. In general, the price is between 600€-1000€
The cost of registration will depend on the place where the property is located, the characteristics it presents and the cost of the purchase. In general, the price is usually between 300€-600€
IN THE CASE OF REQUESTING A MORTGAGE LOAN for the purchase of the home, you will have the following additional expenses:
1.- APPRAISAL. The price is usually between 200€-500 €
2.- BANK OPENING FEE Percentage that depends on each bank that usually varies from 1% to 2% of the loan amount.
3.- HOME OR LIFE INSURANCE. The bank may require the borrower to purchase home insurance and / or life or payment protection insurance. A Home Insurance usually costs between 200€-400€/year
Is it possible to buy a property without a mortgage?13.04.2021 There is a misconception about the mortgages given by the banks and it is that in most cases we tend to think that the bank will fully finance the whole amount. This is not true, as banks rarely give 100% of the amount requested and therefore you will have to save to make the purchase. And not only for that, since when buying a house there will be more expenses that we will have to cover although...
The foreigners will obtain the residence when buying a property of more than 500,000 €05.08.2019 The Government will facilitate and expedite the granting of residence permits to foreigners who carry out “real estate acquisitions” in Spain “above half a million euros”. This was stated by the Vice President of the Government, Soraya Sáenz de Santamaría, at the press conference after the Council of Ministers that approved the Law on Entrepreneurs, a regulation that...
Who pays real estate agent commission fees? Seller or Buyer?04.05.2020 Who pays real estate agent commission fees in Spain? Seller or Buyer?
This is one of the most basic questions that customers want to know when buying property in Spain.
First of all, it should be noted that in Spain real estate brokerage is not regulated. In other words, anyone can freely open a real estate agency without any special requirements. Therefore, only work with serious,...