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Real Estate
This charming, unspoilt corner of Andalucia is renowned
for its fabulous open countryside and mountain views.
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Gaucin |
It remains very Spanish - traditional customs and ways of life
still being very evident - but it is also becoming increasingly
cosmopolitan in terms of facilities such as restaurants, supermarkets,
services. Many of our properties may have to be accessed via country
tracks, but the main roads are improving all the time, making travelling
around the area both easy and enjoyable.
Whatever it is your looking for, we are likely to have something
to fit the bill.
Take advantage of our personal viewing service - just let us know
when you will be arriving in the area and we'll take it from there.
We couldn't be better located to show you some of the delightful
properties currently for sale in this wonderful corner of Andalucia.
Just click on the following link to go straight to the Linda
Fincas Andalucian Property search page...
Contact us now if you'd like us to add your property to our listings database.
Step-by-step guide to buying property in Spain
PROCEDURES
1) Having decided on the property and having agreed a price, the
first step is to sign a private purchase/sales contract and pay
a 10% holding deposit. The deposit is necessary to reserve the property
in your name and remove it from the market for the period of the
private contract until completion takes place.
2) The selling agent will require personal details, including copies
of the passports, of the purchasers who intend to be on the new
title deed (Escritura). You must also have agreed the currency in
which the purchase price is to be paid and a final completion date.
You will also require a Spanish bank account and N.I.E. (Numero
de Extranjero).
3) We strongly recommend you employ the services of an English
speaking lawyer to carry out the relevant and necessary searches
to ensure that the property is free from all liabilities, financial
claims and tenants, as well as ensuring that all payments of municipal
taxes, utility services and community fees if any, are paid up.
4) Once the searches have been made then you will need to make
arrangements for the balance of the purchase price to be paid to
the Vendor on the day of completion. Should you be unable to attend
the actual signing of the title deed, the lawyer can sign on your
behalf.
5) Upon signing of the title deeds you will be required to pay
the additional costs of purchase which are shown below. Again these
funds should already have been lodged with your lawyer prior to
completion.
6) After signing the new title deed (escritura) you will be provided
with a notarized copy (copia simple) stamped by the Notary and the
original will be sent to the Land Registry to be inscribed.
7) Having signed the title deed and taken possession of the property
it will be necessary to change various items of paperwork into your
name, e.g. contribucion (rates), water, electricity and telephone
contracts, etc., and to advise Town Hall of change of ownership
of the property.
ADDITIONAL PURCHASE COSTS
There are a number of fees and taxes that have to be paid in order
to get your new title deed (Escritura) registered.
a) Notary fees. These vary slightly from property to property depending
on the complexity of the title deed and the value of the property
concerned, but will normally be about 1%.
b) Registration fees. Again these vary slightly according to the
declared price on the Escritura but one should calculate approximately
€ 270 - € 450
c) Transfer tax. This is 7% of the price declared on the new Escritura.
This tax shall not be applicable for properties being bought from
a developer or building company, but VAT at a current rate of 7%,
plus 1% stamp duty is payable.
N.B. The total cost of all the transfer taxes and fees should not
exceed 11% of the purchase price of the property. In order to avoid
incurring further costs, the assistance of a qualified lawyer is
recommended.
Spanish property for sale with LindaFincas Inland Andalucia Property Search
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