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Buying and selling property in Spain
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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You may obtain the status of Permanent Establishment (PE) in Spain in two ways: either when your main business activities take place anywhere in the Spanish territory or your business is located here, or when you appoint another person to act by proxy (power of attorney) and apply for your PE. Renting a property in...
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The Property Sale and Purchase Agreement in Spain is a legally-binding document with which the Seller is required to transfer the ownership of their property to the Purchaser, in exchange for a specific agreed upon amount of money. If you want more information about the contract of sale of a property or you want our...
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A Property Deed in Spain is a legal document signed before a Notary, which grants a property’s ownership and must be submitted to the Land Registry where said property is registered. The Property Deed needs to be signed before a Notary by both the current owner and the Purchaser.This document is a requirement for any...
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In Spain, an Earnest Money Contract is a written agreement that is signed prior to the purchase of a property. This document serves as proof of willingness to transfer said property from the Seller to the Purchaser. The reservation of the property is therefore made effective by signing the Earnest Money Contract, in which the...
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