Property and Real Estate on the Costa Blanca in Spain.
The prices in the property market on the Costa Blanca do not seem to have an end to the increase we have seen the last few years. People continue to buy villas and apartments at higher and higher prices. For the normal Spanish person it gets more and more difficult to get in on the property market. Without major help from their parents it is almost impossible. However, the market decides and there is construction going on everywhere. For the future with so many Europeans retiring it is not probably that the demand for properties on the Costa Blanca will decrease. The developers and real estate companies are selling more and more properties in the middle range around 400.000 euros with the typical one being a spacious 2 bedroom and 2 bathroom apartment with seaviews.
Buying and selling property in Costa blanca in Spain is not difficult if you get professionals to help you. There is a wide variety of real estate companies on Spain’s Costa Blanca that will gladly guide you through the search for your dream villa or apartment.
There are a growing number of Estate Agents run by English nationals. Property consultants on the Costa Blanca will offer you a wide variety of services from the basics to an after sale service that include rental of your property when you are not using your second home. There is a great potential to cover your costs by renting your property some weeks during the summer months.
Costa Blanca in Spain has so much to offer so it is not surprising that so many foreigners take the step to move to or buy a holiday home here. The deciding factor for most when taking the decision to buy a property through a real estate company is the fact that it makes it all easier. You will have the time to spend your days enjoying the sun while the este agent search for the best possible property within your requirements and budget for you. The property market on the Costa Blanca is growing and there are no signs of it stopping. The prices on property are increasing so you can be sure to make a good investment. Under you will find a list of property and estate agents that will be able to help you with your search.
The vast majority of people buying property on the Costa Blanca make their first move by going to an Estate Agent. It is very important that you make sure that you are handling with a serious Real Estate Agent. Have a large portfolio of property does not necessarily make them a serious agent. A small estate agent might be just as serious. The important point is to make sure they can provide you with all information needed concerning the property you want to buy. They should follow the requirements set by the laws and regulations of the trade to protect the property investors.
The real estate agent on the Costa Blanca in Spain will be able to advice about legal matters concerning the property you want to buy. If not in house at least to recommend an English speaking lawyer. However, the estate agent in Spain has a more extensive role than in the UK. They will be able to draw out contracts and will do the search for your ideal property based on your specifications. All API registered real estate agent are committed to check the situation of the properties they sell.
Visual Home- Widely experienced professionals 7 offices 2500 properties in portfolio.
Home España Properties for sale on the Costa Blanca.
Spanishvillas.uk.com is an independant UK agency working with estate agents on the spanish Costa Blanca specialising in new build and re-sale property in spain.
Villavalue.com Spanish property consultant. Sales and rentals.
Fincas Edelweiss Altea A decade of experience in the Altea property market.
Signing the contract
To check the situation of the property before signing the contract go to the property register ( El registro de propiedades ) You ask for a Nota Simple of the property in question. From the Nota simple you will find the legal name of the property owner and see if there is any mortgage or any other financial charges against the property. Normally you can require the Estate agent to do this for you. There is a charge of about 10 euro for getting the Nota Simple.
If there are any financial charges against the property these must be cancelled before or at the same time as signing the title deed. This is very important because the financial charges against the property will carry over to you as the new owner if the charges are not cancelled at the time of the title deed. An offer that has been accepted by the seller of the property is binding. This binding agreement is usually confirmed by a sum of money as a deposit. Following this binding agreement comes a private purchase contract. It is important that these documents set out the agreed terms and conditions of the transaction as well as the final date for completion at the public Notary. At this stage it is normally required that you pay a 10% deposit for the property.
Before signing the private purchase contract for your property on the Costa Blanca in Spain it is important that you or the Estate Agent have finished the legal investigation of the property.
If there are any financial charges against the property these should be reflected in the documents. The charges should be cancelled before signing the title deed. In case they are not the buyer must deduct the amount inclusive of any cancellation cost from the amount he or she pays for the property.
The completion of the purchase is done when signing the title deed at the public Notary. Unless agreed otherwise the property is sold free of any charges.
A few days after the signing of the title deed you will be able to pick up the title deed at the Notary. When the original title deed is ready all taxes will be paid to the different tax offices and the deed taken to the land registry. The Real Estate agent will normally make sure that all the local suppliers of services are contacted and organize a direct debit to your local bank account on the Purchase tax and costs.
There are different taxes involved in buying a property on the Costa Blanca in Spain.Your Estate agent will inform you about the taxes that will apply.A general rule is to calculate with 10% of the property value for taxes and costs.