Almerimar Property - Buying Re-Sale
March 14th, 2008 - Sandra MarshallThis article gives a rough guide to the buying process for re-sale properties:
Once you have found a second hand property that you want to buy, and your offer has been accepted (unlike making a non-bindng offer in the UK), in Spain you will be asked to sign a reservation contract, or in some cases a more detailed private sales contract. This also requires you to pay a small deposit usually in the region of 3000€.
Your lawyer then carries out the necessary legal investigations. When these are complete, you sign a contract of sale, which states the price and what it covers, the deposit (generally 10 per cent) and when you will pay it, and the date of completion. Should you breach the contract, you forfeit your deposit. Should the seller breach it, they must pay you twice the amount of the deposit.
Once completion has taken place, various fees and taxes are payable, and the property is then registered at the Land Registry. Typical fees come to between 10 and 12 % of the purchase price and include:
- Legal fees (usually between 1 and 2 per cent)
- IVA (Spain’s equivalent of VAT) at around 7 per cent
- Stamp duty at 6–7 per cent (depending on the property’s location)
- Notary and property registration fees of about 1 per cent
About Almerimar
Almerimar is located in the region of Andalucia, Spain. The nearest airport is 30km away in Almeria. Other airports that are within 3 hours include Malaga, Murcia, Granada, and Alicanti. Other holiday resorts in the region include Mojacar , Aguadulce and Roquetas de Mar
Almerimar is a great place to live as an expat amongst the expats, or to work amongst the Spanish. There are all kinds of properties including villas, apartments and town houses for rent or sale. It is a very traditional part of Spain, with traditional Spanish foods so if you plan to travel to Spain either to look for jobs, for your company to trade with companies in Spain, or to learn Spanish and enjoy the Spanish weather then come and take a look.
If you are interested in purchasing a property in Almerimar please visit our sponsor Mirror of the Sun
Almerimar is also one of the largest marinas in Spain with over 2,000 births and excellent boatyard facilities.
March 15th, 2008 at 1:08 am
[...] dvdteka wrote an interesting post today onHere’s a quick excerptOnce you have found a second hand property that you want to buy, and your offer has been accepted (unlike making a non-bindng offer in the UK), in Spain you will be asked to sign a reservation contract, or in some cases a more detailed … [...]