What legal and fiscal aspects do you have to take into account when buying a property on the Costa Blanca?

Legal and Tax Guide for Dutch Citizens Wishing to Buy a House in Spain

The dream of many Dutch people is to buy a property on the Costa Blanca. Here is a guide to help you through the process:

1. Necessary Documentation

• NIE: Foreigner Identification Number. Required for any economic transaction in Spain.
• Nota Simple: Property Registry document that certifies the legal status of the house.

2. Property Verification

• Deed of Ownership: Ensure that the seller is the legitimate owner.
• Energy Efficiency Certificate: Mandatory for all homes for sale.
• Cadastral Report: Verify the description and characteristics of the property.

3. Deposit Contract: Document that formalizes the intention to purchase and usually includes a 10% deposit of the purchase price.

• Important Clauses: Review the conditions for the refund of the deposit in case of non-compliance.

4. Mortgage and Financing

• Mortgage Conditions: Compare offers from different banks and review the conditions.

5. Zoning and Urban Planning Restrictions

• Local Regulations: Check the urban planning and zoning regulations that may affect the property.
• Licenses and Permits: Ensure that the house complies with all necessary licenses and permits.

6. Signing the Purchase Contract

• Legal Review: It is advisable to have a lawyer review the contract before signing it.
• Signing Before a Notary: The contract must be signed before a notary for it to be legally valid.

7. Property Registration

• Registration in the Registry: Once the contract is signed, register the property in your name in the Property Registry.

8. Other Aspects to Consider

• Home Insurance: Take out insurance that covers possible damages and liabilities.
• Community Fees: Find out about community fees and possible assessments.

9. Taxes and Additional Expenses

• Transfer Tax (ITP): This tax applies to second-hand properties and varies between 6% and 10% depending on the autonomous community.
• Value Added Tax (VAT): For new properties, VAT is 10%.
• Documented Legal Acts Tax (AJD): This tax applies to new properties and varies between 0.5% and 1.5%.
• Notary and Registration Fees: These fees vary depending on the price of the property.
• Property Tax (IBI): Ensure it is up to date.

Trust TABAIRA REAL ESTATE to Buy a Property on the Costa Blanca

If you are thinking of buying a property on the Costa Blanca, trust TABAIRA REAL ESTATE. Our real estate agents can help you find the right property and negotiate the best price. In addition, we facilitate the purchasing process and avoid legal issues. Our multilingual agents specialize in advising international clients on real estate matters. We offer you:

• Experience: We have many years of experience in the Costa Blanca real estate market.
• Personalized Advice: We help you find the property that best suits your needs.
• After-Sales Service: We accompany you throughout the purchasing process and beyond.

About TABAIRA REAL ESTATE, Your Best Option to Buy a Property on the Costa Blanca

Buying a property on the Costa Blanca will be easier with TABAIRA REAL ESTATE. We are committed to customer satisfaction. We offer you:

• Customer Service: Our team of professionals is at your disposal to answer any questions.
• Wide Range of Properties: We have a wide selection of properties on the Costa Blanca.
• Comprehensive Services: From property search to legal and tax advice.

If you are thinking of buying a property on the Costa Blanca, do not hesitate to contact us. You can fill out the contact form on our website, send us an email at info@tabairarealestate.com, call us at +34 96 574 41 79, contact us via Skype: tabairarealestate1, or visit us at our office at Calle Iglesia, 4 – Moraira 03724 (Alicante) Spain.