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Rules of purchase of the real estate in Spain.- Who can buy, what restrictions for the buyer exist? Foreigners can buy in Spain without limit. - What documents are necessary for the buyer for purchase of the real estate? For purchase you need passport, also you need to obtain N.I.E in local police department, and to open bank account. If you require a mortgage, you will obtain from the bank the list of the documents. - What charges the buyer at purchase of the real estate (bears(carries) duties etc.) You have to prepare to pay about 10% of the value of the property on the top. If you require a mortgage, there will be some more expenses. - What taxes per one year the proprietor should pay? Every year owner of the property in Spain should pay property tax (IBI), which vary from area and town hall. For the apartment valued 250.000 euros the property tax will be 200-300 euros. - The most popular objects of the real estate for purchase it is apartments or Cottages or something another? The most popular objects on the cost are apartments, but villas are in great demands. Everything depends on your wallet. - Economic advantage of investments in the real estate of the country or the reason of stability of investments. Spain has very good infrastructure, new roads, new hospitals. Great gastronomy, warm mild climate, outdoor lifestyle, 320 sunny days in a year - all this makes Spain good place to invest money in property market.
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Rules of purchase of the real estate |
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