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property in alicante

Initial Costs

As well as the cost of the property, the buyer will be liable for transfer tax (IVA) , which at present is 6% on a second-hand property and 7% on a new one, plus 1/2% stamp duty.

The property registration office will charge you a fee to to change property in alicante the new deeds into your name.

This is usually around 300€.

There will also be notary charges for copies of the 'escritura publica'.

The charge is on a scale depending on the contract price.

In total you should allow 10% of the purchase price for costs.

It is often often property in alicante the case that the buyer also pays the sellers fees.

Check this at the point of enquiry and it is often possible to negotiate.

Banks may also charge an opening commission for mortgage loans.

Annual Costs

The local town hall charge IBI which is an annual real estate estate tax.

property in alicante The previous owner is obliged to give you copies of previous bills.

Community charges apply when you buy a property on a community development.

These cover things like maintenance, swimming pools, gardens etc.

You will also be liable for a wealth tax, payable annually and based on the value value of property in alicante the property and a property owners income tax based on your income from the property.

You should clarify these in detail with your estate agent at point of enquiry.

What happens once I have signed at the Notario?

Once the property has been registered in your name and and you have property in alicante the Title Deeds, they are taken to the Property Registry for formal inclusion.

Whose names should I include on the Title Deeds?

It is important to consider which names are to be included on the Title Deeds, whether it is in both names, or a sole

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properties buying advice in murcia

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