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Buying and selling property in Spain
Introduction Buying a property is one of the most important and exciting steps in a person’s life. However, the process can be complicated and requires knowledge of various legal and administrative aspects. In this guide, we explain everything you need to know, from the notary to the public deed, including the property registry and notarial...
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Introduction: The purchase of real estate in Spain involves several types of contracts, each with its own particularities and specific functions. Understanding these contracts is essential for any buyer or seller. In this article, we will focus on one of the most important initial contracts: the reservation contract. Reservation Contract: The reservation contract is a...
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Before purchasing a property, it is essential to obtain a simple note from the property registry to verify the legal status of the property. This document, along with the cadastral certification from the cadastre, provides detailed information about the property and its reference value. It is advisable to have the assistance of a notary to...
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In the complex tax framework governing real estate transactions in Spain, various taxes play a crucial role, determining the final cost of acquiring or transferring a property. One of the most relevant taxes is the Transfer Tax (ITP), which taxes the transfer of assets and rights such as the sale of used homes. This tax...
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Have you been dreaming of owning your own house on the Costa Blanca? When you are not a resident and you consider buying property in this paradisiacal area, having the appropriate legal support is crucial to ensure a safe, successful and smooth transaction. In order to receive valuable advice and expert guidance, we sat down with Joaquín...
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In the process of acquiring real estate, it is essential to have the appropriate documentation to avoid future legal problems. From the initial search to the final signing, each step requires careful review of documents to ensure a smooth and secure transaction. Here is a list of key legal documents to consider when making a...
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Selling a house in Spain If you’ve come this far, it’s because you’re probably thinking of selling a house in Spain. Before looking for a real estate agent to help you find a buyer, we would recommend that you prepare all the documentation and consider the taxes you will have to pay. It is also...
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CERTIFICATE OF FIRST OCCUPANCY: This document certifies new properties as suitable for occupancy. It is the property’s first certificate which is issued by the City Hall where the property is registered. CERTIFICATE OF SECOND OCCUPANCY: This is a certificate for properties which are already built and were previously occupied. It is needed when owners want...
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The Spanish Municipal Urban Development Compatibility Report (Informe Municipal de Compatibilidad Urbanística) is a document which ensures that your property meets all the compatibility criteria set forth by the Urban Development Plan (Plan General Urbana or PGOU) of the City Council whereyour property is registered. If your home is located on the Costa Blanca, you...
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What are the most common taxes you are required to pay as a non-residentproperty owner in Spain? Spanish Property Tax (Impuesto sobre Bienes Inmuebles, IBI in Spanish): Tax on a property’s assessed value. It is normally paid once a year to the City. Council where said property is registered. Non-Resident Income Tax (Impuesto sobre la...
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