[vc_row][vc_column][vc_empty_space height=”50px”][\/vc_column][\/vc_row][vc_row][vc_column width=”2\/3″][vc_column_text]Financing & Purchase Costs<\/p>\n
Spain is no differnet to other countries, when it comes to costs, taxes and fees!<\/p>\n
There\u00b4s no rose without a thorn….<\/p>\n
For Residential Properties:
\nThe spanish equivelant of Stamp Duty is called ITP (Impuesto sobre Transmisiones Patrimoniales). Unlike the UK, ITP is payable on all purchases regardless of the price paid, as follows:<\/p>\n
Up to 400,000.00 \u20ac\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8%, to 600,000.00 \u20ac\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 9%, to 1,000,000.00\u20ac\u00a0\u00a0\u00a0\u00a0\u00a0 10%, over 1,000,000.00\u20ac\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 11%<\/p>\n
For Land or Commercial Property:
\nLand & commercial properties are always sold plus IVA (the Spanish equiveleant of VAT) which is 21%.<\/p>\n
Legal Fees & Searches:
\nAs a rough guide, the cost of legal fees and searches is between 2 and 3% of the purchase price of the house.<\/p>\n
Mortgages:
\nIt is possible, as a non resident, to get a mortgage in Spain, however banks in Spain will not normally finance more than 60% of the purchase price, so you will need a deposit equivelant to 40% of the agreed purchase price, plus the fees outlined above.[\/vc_column_text][vc_empty_space height=”10px”][\/vc_column][vc_column width=”1\/3″][vc_single_image image=”13913″ img_size=”medium” alignment=”center”][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"
[vc_row][vc_column][vc_empty_space height=”50px”][\/vc_column][\/vc_row][vc_row][vc_column width=”2\/3″][vc_column_text]Financing & Purchase Costs Spain is no differnet to other countries, when it comes to costs, taxes and fees! There\u00b4s no rose without a thorn…. For Residential Properties: The spanish equivelant of Stamp Duty is called ITP (Impuesto sobre Transmisiones Patrimoniales). Unlike the UK, ITP is payable on all purchases regardless of the …
Continue reading Financing<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-14402","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/pregler-immobilien.com\/en\/wp-json\/wp\/v2\/pages\/14402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pregler-immobilien.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/pregler-immobilien.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/pregler-immobilien.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pregler-immobilien.com\/en\/wp-json\/wp\/v2\/comments?post=14402"}],"version-history":[{"count":5,"href":"https:\/\/pregler-immobilien.com\/en\/wp-json\/wp\/v2\/pages\/14402\/revisions"}],"predecessor-version":[{"id":24261,"href":"https:\/\/pregler-immobilien.com\/en\/wp-json\/wp\/v2\/pages\/14402\/revisions\/24261"}],"wp:attachment":[{"href":"https:\/\/pregler-immobilien.com\/en\/wp-json\/wp\/v2\/media?parent=14402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}