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Lena| Britta's vacation rental in Spain & Florida USA |
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| Rental offers on the Costa Blanca |
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| Rental offers in Florida USA |
Important |
+14
°
C
+15°
+9°
D�nia
Sonntag, 26
| Montag | +10° | +4° | |
| Dienstag | +10° | +5° | |
| Mittwoch | +12° | +7° | |
| Donnerstag | +12° | +8° | |
| Freitag | +12° | +9° | |
| Samstag | +13° | +8° |
7-Tage-Vorhersage nachsehen
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What steps are necessary to buy a property on the Costa Blanca?
Once you've found your dream property with our help and agreed on a price with the seller, these are the next steps:Private Preliminary Contract / Reservation Agreement This private preliminary contract outlines all the details of the property purchase, and the buyer is typically obligated to pay a deposit of approximately 10% of the purchase price. In return, the seller removes the property from the market. Please note that under Spanish law, this contract is of great importance: unlike in Germany, for example, ownership can be transferred without notarization and subsequent registration in the land register. While in Germany, ownership is only transferred upon registration in the land register (so-called constitutive effect), under Spanish law, this can occur upon conclusion of a private written contract. The land registry entry has only a declaratory effect. Applying for a tax identification number Every buyer of a property needs a Spanish tax identification number, the NIE. This number is required to declare and pay the applicable taxes to the Spanish tax authorities. The NIE is applied for at the local police station with the foreigners' department. Opening a bank account The purchase price for a property is usually processed through a Spanish bank account. Therefore, a bank account in Spain should be opened well in advance. Public contract The so-called public contract (Escritura Pública de Compraventa) is notarized and serves to register the acquisition in the land registry. Upon signing the notarized purchase agreement, the remaining balance of the purchase price is typically paid by bank-certified check, and in return, the buyer receives the keys and thus full legal ownership. Payment of all applicable taxes Following the notarized purchase agreement, the new owner is obligated to pay all necessary taxes. The deadline for this is generally one month after the notarization of the agreement. Registration in the Land Registry With the new deed (Escritura), the buyer is now registered in the Land Registry as the owner of the property. What annual expenses are associated with owning a property in Spain? When purchasing a property, the buyer will incur the following annual expenses: Property Tax Property tax (IBI - Impuesto de bienes inmuebles) is an annual municipal tax. It is levied on the cadastral value of the property, and each municipality has the right to set its own tax rate. In most municipalities and cities, property tax is due at the end of September/beginning of October. Community/Urbanization If the property belongs to a homeowners' association, the resulting community expenses are divided among the members. The amount of this levy depends on the size of the community and the communal facilities to be maintained. Waste Disposal (Basura) Each owner must pay their share of the municipal waste disposal costs. These charges are usually billed in March or April of each year. Electricity / Water / Gas / Telephone These costs depend on the owner's individual consumption. Income Tax Property owners in Spain may be required to file an income tax return on their property. This generally applies to non-residents in Spain. Even for properties that are not rented out, non-residents must pay tax on a notional rental value. The tax return for this must be submitted by December 31st of the following year, and the calculated tax must be paid by that date. |
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