Buying property in Spain

Your decision to buy a property in Spain is a very important one which requires a great deal of consideration. Atlas International staff who are based in Spain are available to talk you through the process of deciding. They can give you real examples of how the move to Spain can be made as easy and effective as possible; after all they have done the move themselves in the past, who better to advise you on purchasing a property overseas?

What our customers and ex-pat staff have consistently found is that life in Spain is far more relaxed than in the UK. The Spanish tradition of enjoying life to its fullest is best understood in the context of the sunny climate which gives them their warm and welcoming outlook on life.

You will soon discover that food is one of the major Spanish passions. Their Mediterranean diet is considered by the World Health Organisation (WHO) to be one of the best in the world.

Spain is a wonderful place in which to live and with the help of Atlas International, you can find a Spanish property to suit you and your new lifestyle.

Happy House Hunting!

Spanish Housing Costs

With the ever increasing popularity of buying property in Spain it is important that you prepare carefully for your new real estate venture by calculating the relevant finances that will enable you to be in a position to purchase your Spanish property before you attend an inspection trip. This will determine your budget to buy and allow you to put a reservation on the house of your dreams.

Here, on our website, and in all our brochures you will see Spanish property prices quoted in Euros with an approximate calculation of how much that property would cost you when converted into Sterling. This is of course a variable rate and one that we endeavour to keep as current as is possible. However you also need to consider the additional costs of purchasing a property in Spain.

These costs are approximately 10-12% of the value of your purchase. Below is an example of the additional costs that you can expect to incur when buying a property in Spain.

IVA 7% (Spanish Equivalent to VAT)

Payable as part of the payment structure or on completion of the property as detailed in the contract (7% of the declared value of the property).

Administration Fee (£275)

This is payable after you have signed your contracts with the builder. It is to be paid to Atlas Head Office.

Lawyers Fees

Payable on completion of the property, making searches, preparation of the Escritura (Title Deeds) and translation before a public Notary.

Notary Fees

Preparing the Escritura, registering the Title and stamp Duty.

Land Registry Fees

To register the property at the relevant Land Registry Office.

Connection charges

Water, Electric, Drainage etc

Plus Valia

Tax levied by the Town Hall in accordance with Spanish Law, the vendor is liable to pay the Plus Valia Tax. However on new build properties it is paid by the purchaser.

Transmission Tax

Spanish Government Tax of 0.5% of the declared value of the property due on the registration and documentation of the Escritura.

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