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The Valencian Community is one of the fastest growing
regions in the whole of Spain, and Homes Iber an established Spanish
owned estate agent is here to help you find your dream property on the
Costa Azahar.
On our site you will find a varied selection of all types
of properties, from luxury villas to countryside casita's, plots of land
and new constructions both along the sun drenched Valencian coastline
with it's many blue flag beaches and inland in the beautiful, mountainous
countryside.
Our staff will be happy to answer any question that you
may have about moving or living in our area and if you fail to find what
you are seeking on our site please contact us, as we have many more
properties that are not included in our listings.
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Conveyancing?
Searches?
Legal Advice?
Joaquin Colomer Garcia
Abogado - Lawyer
c/de les Fonts 1, 1B
46780 Oliva (Valencia) Spain
Tel-Fax (0034)96 285 38 61
Email: joaquin.colomer@ya.com
English Spoken
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* Featured Property *
Semi-detached House Newly reformed
78,000€
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* Featured Property *
Reformed Country House Beautiful gardens
280,000€
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Buying Tips:
Property in Valencia:
Spanish Real Estate is at a premium for property in
Europe and currently especially in the Costa Azahar region between
Valencia and Alicante. Peace and quiet seekers worldwide discover this
new tourism area where you can still find deserted beaches in the high
season which is probably unique for Europe.
Trendy magazines write about it in their holiday specials and also more
and more articles are written about people who bought a second house on
the Costa Azahar. Many of them consider Spain as their second home. This
is not strange; if you have a look at the Spanish and their warm
hospitality, they will make you feel at home in every way they can. The
number of people who move to Spain permanently is growing each year. This
area between Valencia and Alicante is a good one to invest
in.
Buying a property in Spain can be a daunting process
if you don't know the local regulations or the language, Well, don't
worry, Homes Iber estate agents know exactly all the steps you have to go
through, from choosing your property all the way through to buying
it.
Living Costs in Spain
Spain enjoys a good quality of life with general consumer goods and
property being favourably priced compared to incomes, which reflects in
its popularity for retirement homes.
Property prices rising sharply in recent years, in line with domestic
property prices.
Buying Property in Spain
Buying a Spanish property will normally be contained in a private
contract with a deposit of around 10% payable which is binding by law. It
is possible to agree a contract where either party may change their minds
at a financial cost. The private contract should contain details of the
agreed deposit payment, purchase price and details for payment of the
outstanding balance of the agreed buying price plus any additional extras
and your intended completion. A Notary will prepare the official
contracts and make sure it complies with Spanish regulations. If there is
common ownership a Community of Owners must be established through which
community charges can be shared. If your property is contained in an
apartment block then the law will relate to the Horizontal Division and
this should be clarified, especially in new developments. Any property
sale or purchase in Spain should be registered in the Land Registry and
its important to make sure any relevant taxes are paid before this is
done.
Please note:
It is common practice for the sale and
purchase price to be understated by Spanish sellers, enabling them to
reduce their tax liability and reducing your stamp duty fees. However,
you could be liable for Capital Gains tax on additional profit once the
true price is declared and non residents will normally be expected to
deposit 5% of the sale proceeds with local tax offices until any
agreements are reached, and could have liability by both seller and buyer
if the profits or in excess of set limits around 12,000€.
Fees:
You would expect to pay a total of around 10% of the purchase price for
real estate in Spain. This could include Stamp duty, charged at 7% of the
official selling price (4.5% for the Canaries), and 0.5% for contract
documents Land Registry is charged against a rateable table held by local
authorities. There will also be a tax on the increase of the land your
property lies on since it was last sold and should be paid by the vendor.
Notary fees will also be included in the total costs.
Property Tax:
All your Spanish property taxes will be based on the official price
registered, not on selling prices and you would expect to pay under 1%
annually, plus additional service taxes set by the local authority.
Wealth tax charges apply for residents after 105,000€ of net assets;
if you don’t apply for residency you could be charged tax for all
your net assets. Rate varies from fractions of a percent to over 2%
depending on net assets.
Mortgages:
Spanish lenders will allow you to borrow against Spanish property and
can usually be arranged in most major currencies normally over terms of
up to 15 years, with exception of 25 years at up to 80% of the buying
price. Click here to arrange a mortgage in Spain
For more information on buying property in Spain, please contact Homes
Iber Estate Agents or visit the Spanish Governments website:
www.mae.es
Our guide does not cover all the legal and full financial information
for your Real Estate purchase but should enable you to get an idea into
the financial involvement.
Valencia Property:
Before you think about some Valencia property,
make sure you check the areas around together with friends or local
property agents. Short intervals in Valencia are advisable to get a good
look at life all year round, not only in the summer time.
Convenient trips to Valencia can be done at the weekend and this way you
can see for yourself how life at Valencia property is lived in colder
months there. Publications such as maps or guidebooks which usually
include maps of the area around your Valencia property should be
bought.
Valencia property tips:
Upon arriving at the airport you can use the rental car services which
are offered there. Valencia in winter can sometimes be quite different
than in summertime. More than one visit and its surroundings before
buying for good is quite advisable.
Stay at different apartments and chalets if your intentions are to buy
so you can check the area out. Be aware of sounds and noise produced
during different periods of the day and night. Check it out personally.
It's a good idea to be informed about buses, trains, trams and other
public transport, keeping in mind day and night traffic. Neighbourhoods
which aren't accompanied by other urbanizations, even though there may be
some kinds of security measures, should be reconsidered.
Take your time and don't rush Choosing the right time to buy doesn't
exist because so many real estate properties are available all the time
in Valencia. Don't hurry into purchasing. Make sure you've made a good
comparison with other. A good realtor, providing confidence and readiness
are important qualities to be considered along with the financial aspect.
Be mindful of what is to come. Remember that properties in Valencia might
need a sort of heating plan to be set in if not already included. Will
the property be easily accessible or is it a 6th floor property with no
lift available? Some bags and sacks don't weigh too much at first but
during a months visit, it might be straining. Valencia at local and
international property agents State or regional real estate agents may be
questioned about market offers in Valencia. The Internet is a fantastic
device to guide you to all possible and available property in
Valencia.
One last tip:
Ask and talk to your future Valencian neighbours. Although it appears to
be all uphill struggle, it can be done with quite a few easy steps. If
you can get a personal opinion from some of the people living in the area
where you've chosen to buy, you'll feel better informed. People from all
over Europe have settled in Valencia so you won't need to get nervous
thinking about any handicaps in communicating with your neighbours when
looking for Valencia property. Observe what has be written as good hints
before setting in an Valencia property but don't hesitate too long
because you'll be missing out on an incredible experience in this part of
Spain.
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