THE BEST WAY TO BUY A PROPERTY

Buying a property is an important and exciting decision in anyone’s life.

Whether you are looking for a permanent, holiday or investment property, having a truly professional real estate agent on the Costa del Sol can make the difference between a satisfactory experience and one full of complications.

Deep knowledge of the market:

Real estate agents excel with extensive local market knowledge, including areas, prices, trends, and property availability, enabling personalized advice for optimal choices within your needs and budget.

Access to a broad portfolio of properties:

Realtors have access to almost every property in the area through MLS databases. And the most experienced have access to select, exclusive properties.

Negotiation and expert advice:

A key aspect of buying a property is negotiation. A professional agent acts as your personal representative, defending your interests, using their experience and expertise to get you the best deal. They also provide guidance on legal and administrative issues, such as contracts, permits and regulatory compliance.

Saving time and effort:

Property search and purchase can be complex, time-consuming, and effortintensive. A real estate agent streamlines the process by conducting thorough searches, scheduling viewings, conducting research, and coordinating the entire buying process. This saves you time, stress and possible errors in the process.

Safe purchase:

A real estate agent acts as a trusted intermediary, guaranteeing your protection during the purchase process. They verify the legality and ownership of the property, avoiding risks and fraud. In addition, they provide clear and accurate advice on all aspects related to the purchase of a property.

In summary:

A real estate agent acts as a trusted intermediary, guaranteeing your protection during the purchase process. He has access to all available properties and will match you to those properties meeting or exceeding all your requirements. He has the knowledge, the experience and will provide you his best possible service before, during and after your purchase.

Purchase Costs

For non professional buyers.

7%

In Spain, the only tax that applies to the purchase of a resale property is the transfer tax (Impuesto de Transmisiones Patrimoniales/ITP in Spanish).

10% + 1.2%

This is the tax levied on properties and annexe elements purchased directly from the developer (new projects).

21% + 1.2%

For plots or items not attached to properties, such as a detached garage, this tax rate applies.

NOTARY and REGISTRY FEES

Between €2.500 - €5.000

Notary and registration fees vary depending on certain elements of the property and the purchase transaction.

LAWYER’S FEES

1% + IVA

Lawyers charge a percentage of the purchase price, usually 1%, although this may vary with some lawyers and depending on the price of the property. We always recommend hiring a qualified solicitor to represent you to do the due diligence on the property and to advice you on all tax issues.