Purchase of apartments and locals in Spain

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PROCEDURES

Buying procedure:

Conditions of sale and purchase apartments in Spain are the same as in Poland and whole European Union. Purchase is made by notarial act which is prepared and signed in the country in which the property is buying. Transactions in Spain are performed only in Euro.

There are two variants of purchasing:

1. First variant is to buy an apartment during the investment departure – avisit to Spain.
2. Second option is to buy property without necessity of visiting to Spain. We are always encourage to use the first variant, it provides a personal knowledge of terrain, surrounding area and immediate neighborhood, what is very helpful in making this type decisions.

We would to emphasize that ILS POLAND GROUP is a licensed broker (who has liability insurance) and co-founder of the Polish Chamber of Real Estate – PIN. We care about the best buyer interest in every purchase option. There are three possibilities of signing the contract which has to carry about client interests: in Poland, in Portugal and Madeira Island or by correspondence.

In both variants, buying property is associated with several basic steps.
That process is completely carried out by the ILS Poland Group and looks as follows:

1. Signing a contract or
2. Organization the investment trip, including both ways flight and hotel reservation
3. Pickup from airport and transfer to the hotel and than signing the agency agreement
4. Presentation of alternative properties according to customer specifies criteria and indication of current developers offers
5. We negotiate the offer price with the seller on client request. Negotiations are most effective when the payment is a one-time or if you are buying at least 2 apartments
6. Payment of reservation (usually about 3.000 EUR) and signing the reservation contract, only in case of primary market offers directly from developer.
7. Individual customer registration at the local Tax Office, in order to gain the Tax Identification Number – spain N.I.E. (numero de identificacion de estranjero). It is necessary to start the purchase process.
8. Translation and negotiating terms of the preliminary agreement
9. Signing of the preliminary agreement and payment of the first tranche which can not be less than 30% of the apartment value within 14 days including into account payments already made a reservation fee (eg. 3.000 EUR) In case of primary market offers, directly from developer. In case of purchase from individual, signing of the preliminary agreement and payment of the deposit in the amount determined individually with the seller
10. Payment of the remaining 70% of the value in installments and dates agreed individually during signing the preliminary contract. Only in case of preliminary market offers, directly from developer.
    Receiving and commissioning of premises, verification of the facts and parameters of the local in terms of documentation
11. Organization and signing the final agreement (after formal legal putting the building for use) with a notary in Spain with a sworn translator. Usually until that moment the seller is expected the full price, though it is possible to pay during notarial act or after it in date agreed with seller (in cash or by bank transfer).

Nevertheless, the sites will is clearly specified in the contract what guarantees the security of transaction. Content of the agreement defines the brokers responsibilities and steps for its realization.

To meet your expectations, to resolve any doubts and answer the most frequently asked questions we would like to stress that developers with which we have signed contracts are always tested by us. They often have state guarantee, already completed projects and satisfied customers (eg. Our natives from Poland permanently living in Poland, France, Great Britain, Ireland, Norway and other countries around world including lawyers, economists etc.)

COSTS

Purchase costs:

To any real estate purchase, in this case an apartment in Spain, except offer price should be added:

1. The cost of notary contract of transfer of ownership, ie. Notary and stamp duty (the same as in Poland), where the whole is payable at the notary, in particular the notary is from 0.4% to 0.8% of property value) the cost of land registration of approximately 0.4% of property value, according to the appropriate threshold), for use with a bank loan, the costs of the establishment and registration of the mortgage, the tax on civil law transactions in Spain is from 7 to 10% of the transaction value and is dependent guidelines of the municipality threnody which the purchased property and the value of the purchased property.
2. The cost of round trip airfare and stay at any hotel where the cost of the flight oscillates between 400 and 800 zł outside the summer season in both directions, ie. Polska- Spain- Poland on the person, and the cost of staying in a high class hotel with a view sea ​​before the season ranges from 200 zł / day per person (the cost is opcjonalny- because we also support complex transactions without the outlet).

Permanent costs:

On the territory of the Kingdom of Spain, all owners and buyers of apartments residents are required to pay rent, which depends on the size of the apartment and the size of common areas (pools, gardens), including each owner of the apartment, regardless of location (even assuming that it is apartment in a closed apartment complex condominium with amenities), is obliged to sign a contract for management of the whole complex (the equivalent of our rent) with the manager - the most developer and property price year-round board fluctuates between 300 to 500 euros per year.

Components of permanent costs:

To take full illustrate of the above costs we are giving an example of intimate apartment. We assume that the cost of year-round maintaining for this apartment will be 25 EUR per month (according to the management agreement) which provide 25 EUR x12months what is 300 EUR per year.

This fee forms a cost of managing complex and includes the maintenance of common areas in that:

• front desk
• clock protection
• swimming pools cleaning
• free protected parking for apartments owners
• lifts conservation
• renovation fund
• saunas keeping
• gym, fitness and much more etc.
• proportional flat fee for media (electricity and water)

Additional costs:

In addition to the costs mentioned above (rent-condominium), there is even an annual property tax, the so-called. "IBI". The amount of this tax is determined by your municipality individually for each property and is paid once a year. The height depends on the size and location of the property, in areas such as Torrevieja and Orihuela Costa, tax for two-room apartment approx. 50m2 does not exceed 200 euros per year.

Fees for the media:

Fees for electricity (an average of 20-40 euros per month) in Spain is carried out every 2 months, followed by water (an average of about 30 euros per month), payable every 3 months (in the electricity bill Included is also the so-called. Tax basura Tax garbage collection, street cleaning and street lighting). The high temperature of the air on the south coast of Spain also during the winter months make it we do not need central heating, air conditioning reversible enough (which cools in summer and heated in winter) or different types of stoves.

Costs of complex ILS Poland Group service:

ILS Poland Group provides comprehensive service and conducting every transaction (from own offers bank or from sources indicated by the customer). During the purchase of apartments the broker salary is covered by developer so the buyer is exempt from paying commission!

*Any commission for brokering activities including comprehensive service and carry out of transaction can be determined only when you buy the smallest and cheapest apartments in the promotional ILS Poland terms, only when the seller is an individual or developer who does not pay remuneration. ILS Poland salary is set individually basing on the property price. The client is informed about this before taking a decision.

ATENTION

ILS POLAND GROUP provides comprehensive after-sale service including assinstance the immense renovations of houses and during apartments are to be furnished and equipped, basing on individual agreements or separate contracts.

Additional and useful links:

1. Embassy: >>https://www.gov.uk/world/organisations/british-embassy-madrid
2. Wikipedia: >>https://en.wikipedia.org/wiki/Spain
3. Search for real estates in Spain for sale: >>https://en.ilspoland.com/real-estates/spain
4. Search for apartments in Spain for sale: >>https://en.ilspoland.com/real-estates/spain/apartments/sale

 

Purchase of houses and plots in Spain

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PROCEDURES

Buying procedure:

Conditions of sale and purchase plots and houses in Spain are the same as in Poland and whole European Union. Purchase is made by notarial act which is prepared and signed in the country in which the property is being bought. Transactions in Spain are performed only in Euro.

The process of buying houses and plots looks similar as buying an apartment:

1. First variant is to buy house with a plot or same plot during the investment trip – a visit to Spain,
2. Second option is to buy property without necessity of visiting to Spain. We always encourage to use the first variant, it provides a personal knowledge of terrain, surrounding area and immediate neighborhood, what is very helpful in making this type of decisions.

We emphasize that ILS POLAND GROUP is licensed broker (who has liability insurance) and co-founder of the Polish Chamber of Real Estate – PIN. We care about the best buyer interest in every purchase option.

There are three possibilities of signing the contract which has to carry about client interests: in Poland, in Spain or by correspondence.

1. Signing a contract or
2. Organization the investment trip, including both ways flight and hotel reservation
3. Pick up from the airport and transfer to the hotel and then signing the agency agreement
4. Presentation of alternative properties according to customer specifies criteria
5. We negotiate the offer price with the seller on client request
6. Individual customer registration at the local Tax Office, in order to gain the Tax Identification Number – spain N.I.E. (numero de identificacion de estranjero). It is necessary to start the purchase process.
7. Organization and signature of the final agreement (after formal legal putting the building for use) with a notary in Spain with a sworn translator. Usually until that moment the seller is expected the full price, though it is possible to pay during notarial act or after it in date accepted by both sides of transaction (in cash or by bank transfer).

Clearly specified will of the sites in the contract guarantees the security of transaction. Content of the agreement defines the brokers responsibilities and steps for its realization.

To meet your expectations in order to resolve any doubts and answer the most frequently asked questions we would like to stress that available houses with plots from the secondary market comes directly from the owner-sellers and we are always checking it against formal aspect.

COSTS

Cost of purchase:

To any plot purchase in Spain, except offer price should be added:

1. The cost of notary contract of transfer of ownership, ie. Notary and stamp duty (the same as in Poland), where the whole is payable at the notary, in particular the notary is from 0.4% to 0.8% of property value) the cost of land registration of approximately 0.4% of property value, according to the appropriate threshold), for use with a bank loan, the costs of the establishment and registration of the mortgage, the tax on civil law transactions in Spain is from 7 to 10% of the transaction value and is dependent guidelines of the municipality threnody which the purchased property and the value of the purchased property.
2. The cost of round trip airfare and stay at any hotel where the cost of the flight oscillates between 400 and 800 zł outside the summer season in both directions, ie. Poland-Polish Spain- per person, and the cost of staying in a high class hotel with a view the sea in the winter months and before the season ranges from 200 zł / day per person (the cost is opcjonalny- because we also support complex transactions without the outlet).

Permanent costs:

On the territory of the Kingdom of Spain, all owners of private homes do not have any rental charges, unless the property is closed housing estate and a part of the common (shared pool, garden for the owners of several houses), then they are obliged to pay rent, which depends on the surface the house and the size of common areas (pools, gardens), including each owner is obliged to sign a contract for management of the whole complex (the equivalent of our rent) with the manager - the most developer and property price year-round board fluctuates within approx. 500 euros per year.

Additional fees:

Property owners pay in Spain an annual property tax, the so-called. "IBI". The amount of this tax is determined by your municipality individually for each property and is paid once a year. The height depends on the size and location of the property, in areas such as Torrevieja and Orihuela Costa, the tax for a house with an area of ​​about 150 m2 on a plot of 500 m2 will cost no more than 500 euros per year.

Fees for the media:

Fees for electricity (an average of about 40 euros per month) in Spain is carried out every 2 months, followed by water (an average of about 50 euros per month), payable every 3 months (in the electricity bill Included is also the so-called. Tax Basura Tax garbage collection, street cleaning and street lighting). The high temperature of the air on the south coast of Spain also during the winter months make that we do not need central heating, air conditioning reversible enough (which cools in summer and heated in winter), or various types of stoves.

Costs of complex ILS POLAND GROUP service:

ILS provides comprehensive service and conducting every transaction (from own offers bank or from sources indicated by the customer). During the purchase of apartments the broker salary is covered by developer so the buyer is exempt from paying commission!

*Any commission for brokering activities including comprehensive service and carry out of transaction can be determined only when you buy the smallest and cheapest apartments in the promotional ILS terms, only when the seller is an individual or developer who does not pay remuneration. ILS salary is set individually basing on the property price. The client is informed about this before taking decision.

ATTENTION

ILS POLAND GROUP provides the comprehensive after-sale service including assinstance the immense renovations of houses and during apartments are to be furnished and equipped, basing on individual agreements or separate contracts.

Additional and useful links:

1. Embassy: >>https://www.gov.uk/world/organisations/british-embassy-madrid
2. Wikipedia: >>https://en.wikipedia.org/wiki/Spain
3. Search for real estates in Spain for sale: >>https://en.ilspoland.com/real-estates/spain
4. Search for houses in Spain for sale: >>https://en.ilspoland.com/real-estates/spain/houses/sale