Purchase procedure of the real estate in Spain
Any kind of the real estate in Spain should be registered in Reglstro de Propiedad (the Register of the property) where you can receive the full information on the one who its exact price, the exact area and as about presence of possible debts of the owner is the owner of the real estate, what. Addressed to the owner the main official document named Escritura Publica by which then own registration number, number of record, a leaf and volume for its entering in the Register is appropriated is made out.
To sell the real estate under laws of Spain the owner or the person it appointed and having, accordingly, from it the power of attorney certified notarially has the right only. As a rule, the right of sale trusts in agencies, in this case the agency should have the corresponding license. Each firm or agency as has the Эскритуру which data are stored in the Register of the property of Spain where it is possible to make inquiries about it. If suddenly there will be a question on mistrust, in this case to you the document named Nota Simple Informatlva (the Note Simple Information) stands out.
If owners of the real estate a little or the owner is married, according to requirements of the Civil Code of Spain at sale presence and the consent of all owners or notarially certified power of attorney from them is necessary.
After a choice of object of the real estate suitable you and decision-making on its purchase the private contract of sale and purchase in which, including, conditions and a way of payment are specified is made. At signing the contract as it is accepted, the buyer pays about 10 % from cost of the real estate, thus reserving the real estate for himself.
After the conclusion of the contract the buyer should receive in a local police so-called N. I. E. (identification number of the foreigner) that then correctly to issue the transaction at the notary. Further, within a month the main official document of sale and purchase - Escritura Publica is made out or is simple " Escritoire ". The remained sum of money is brought at signing Escritoire then you become the full owner. And there are various conditions of payment, for example, it is possible to issue the hypothecary credit, as a rule, it makes 50, 60, a maximum of 70 % from cost of the real estate for non-residents of Spain. All it stipulates in the contract before its signing.
Escritoire subscribes the buyer and the seller in the Notary's office at presence of the Spanish notary. In Escritoire the name not only one owner, but also its all family at will can be brought. After procedure of signing remains only to register your real estate in the Register of the property of Spain. Process of registration usually lasts about three months. The charges connected with purchase of the real estate first of all, it is necessary to tell, that there is some difference in the charges connected with purchase of the new real estate and secondary.
Speaking about the operational expenditure, it is necessary as to note one more important point. The following widely practises Spain: in Escritoire the cost underestimated on 10 - 20 % from the real price of the real estate is officially declared. It is done with the purpose of decrease in the operational expenditure and the taxes connected with purchase. But to do it it is undesirable, as there can be legal problems in case of its subsequent resale later.
General expenses whilst buying realty in Spain
- Notarial charges (Notario) - are paid on the special scale progressing depending on cost of the real estate. For example, at purchase of the real estate the tax is little bit more in case of registration of the hypothecary credit.
- Charges on registration (Registro) in the Register of the property of Spain - are paid at entering your name and data of the real estate in the Register, as the new owner. This sum also is defined on a special scale and it depends on cost of purchase, in case of the same example from 50.000 up to 100.000 euros колеблется within the limits of from 120 up to 180 euros - charges on official registration of papers (Gestoria). If to resort to services of the private lawyer its service to you will manage approximately in 850 euros.
At purchase of the new real estate in addition to the above specified following taxes are paid:
- The value-added tax (Impuesto sobre Valor Anadido, in abbreviated form I. V. A.). This tax makes for apartments and apartment houses of 7 %, and for the commercial objects intended for private manufacture and for the vacant ground areas - 16 % from the cost specified in Эскритуре. It is paid at municipal offices on reception of taxes.
- The tax to documentary registration of legal certificates (Actos Juridicos Documentados. In abbreviated form A. J. D.), make 0.5 % from the cost specified in Escritoire.
At purchase of the real estate was in the use, that is from " the second hands " following taxes are raised:
- The transfer tax (Impuesto de Transmlsiones Patrimoniales, in abbreviated form I .T.P.), makes 7 % from the cost declared in Эскритуре and is paid in Advice on Economy and the Finance of Spain.
- Tax Plus Valia. It is the municipal tax which is based an official estimation of growth of cost of the real estate at the moment of its sale. The owner of the real estate should pay this tax, that is the seller, but in practice taxes usually pays all the buyer. The exact size of the tax is specified by the local mayoralty which sum is influenced with age of the real estate and quantity of years of possession of this real estate its last owner.
Totally expenses on registration of purchase without taking into account the hypothecary credit make all about 9 % from cost of the real estate, the hypothecary credit increases these expenses up to approximately 12 %.
Apartments
Apartments, settle down usually in high-altitude houses in a resort zone of cities, along beaches and sometimes in compact урбанизациях, but low этажности. Are often under construction and bought for tenancy. Differ by quantity of bedrooms. STUDIO (estudio) - the most simple variant of an apartment with one greater premise which serves both a bedroom and kitchen and a drawing room. A bathroom, certainly, separately.
Apartments with one, to two, three and less often four and more bedrooms (dormitorio) in which besides bedrooms there is a hall or a drawing room, kitchen and one or several bathrooms are more widespread in Spain. The area shares on inhabited and the area of terraces which in the sum form the general. As a rule, all windows leave aside the seas, especially in the new houses located in resort zones which are under construction actually with one face sheet. If the house not "unilateral" at the equal area apartments with the best kind have the greater cost.
Cost depends on the area, quantity of bedrooms, affinity of the house to a coastal line and city centre, the size of a loggia or a terrace, presence of the general pool, garages or parking, the zone of rest, prestigiousness. In the multi-storey house the top floors usually are more dear, basically on them have "penthouses" and "duplexes" (two-storeyed apartments).
Bungalo
The house on two and more owners with separate inputs and sites, sometimes them too name country houses, it is usual in the advertising purposes. As a rule, it is the compact, often multilevel houses located in settlements (urbanization). Too can be - less often with one, it is usual - with two-three and more bedrooms. Sites around of the house small, sometimes on them it is possible to place small pool, but, as a rule, more often pools the general, on some houses. Garages basically are calculated on one machine, sometimes - covered parking on a site.
Villa, cottage
One or more floor separate house with a site, and, as a rule, with pool. Cost of a country house considerably depends, besides the area of construction, from the area of a site and cost of this ground. Cost on the ground can strongly differ in different areas and grows quickly. In settlements sometimes build country houses on small sites that approaches them at cost to a bungalow. It is clear, that the prices for country houses are limited only to the size of imagination and a purse. They are under construction, as a rule, or on standard projects on a choice, or under your own order. Having bought a site, it is possible most to choose the builder.
Rent of the real estate in Spain
Some people buy to themselves the property in Spain to live here in an old age, others prefer to have here the second house and hold it only for itself or the friends to spend the holiday. However the majority of buyers use the property only in rare cases, and basic time prefer to hand over to its tourists внаём to receive from it the income. Certainly, it is an important point if for purchase the loan in bank has been taken and it is necessary for owners to carry out payment of this loan.
Delivery in employment of your property not so is simple, as it can seem at first sight, and in this case it is necessary for you to consider many factors. From the legal point of view your property should be registered in the Ministry of Tourism of Spain and it is necessary to fill the tax declaration on deductions in the local budget (Inland revenue).
Compensation of your charges due to rent can appear very essential, therefore it is very important, that it occured legally correctly, and management of the property was at a professional level. Then you take pleasure in advantages of delivery in employment of your property and will sleep easy.
Municipal payments in Spain
Municipal payments are insignificant: on the average the family from three - four person spends for an electricity, water and gas approximately from 600 euros a year. Accounts on the electric power are sent each two months, on water each three months - money are removed from your bank account, and you by mail receive the invoice (receipt) in which the quantity of the consumed resources and their cost is specified.
Cost of the electric power:
- A user's payment: 1.39 euros for each watt under the Contract (usually capacity of a line under the Contract - 3,3, 5,5 or 8,8 watt) - Cost of the electric power: 0.08 euros for watt-hour - Using the electric meter: 0.54 euros a month - Tax I. V. A. of 16 %
Cost of using water:
- A user's payment: 6,79 euros a month - Cost: about 0.30 euros for cubic metre (depending on the consumed volume of water) - Payment of sewage: 0,16 euros for cubic metre - Tax I. V. A. of 7 %
Cost of gas:
- The centralized gas supply, as a rule, in Spain is not present - gas is on sale in cylinders. The special gas service carries these cylinders daily. Cost of a cylinder - about 7 euros. For family from 3 person of one cylinder suffices approximately for three months of using a cooker. - If for you it will appear inconvenient - simply replace a gas cooker and a water heater on electric. Or can establish on the site own store - one зарядки suffices approximately for a year-one and a half. - At the same time in some areas of new building the central gas supply is established.
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