What additional costs should I be aware of?

When buying your property in Spain you will incur costs that you would find a bit of a shock if you were not informed about them prior to buying. You should expect to find that the additional costs will ordinarily amount to 6 - 8% of the purchase price. Some Agents will give you an "All Inclusive" price which should (but doesn't always) include all of these costs. We prefer to take a more up-front approach by breaking down and listing all of the matters that will come into play. This way you will have a firm idea of what you will need to pay

• 7% IVA
• Legal fees
• Notary fees
• Land Registry Search and Registration fee
• Legal Conveyance fee
• Changing over of water and electricity contracts
• Translations
• Acquisition of N.I.E. numbers

N.B. The legal fees above when buying without a mortgage should never be more than 2,200euros whether the house value be 50,000euros or 500,000euros. As mentioned above, when a mortgage is to be set up there will be a charge made to you by the bank. Please note that as you will see in our all inclusive, this is way below the 10% often quoted.

Are there any hidden costs?

No.

How easy will it be to sell my property?

We specialize in resale properties - your property will be advertised locally and internationally. We are very well known within our local area and have an excellent record of follow-on business from our existing clients, many of whom have bought and sold through us several times over. Our offices are in a prominent position at the forefront of Quesada Main Square; any local person can direct you to us.

The documents that you will require in order to sell your home are:

• Escritura
• Water, electricity contracts
• Photocopies of passports

Can I set up a Spanish will?

Property owners are strongly advised to make a Spanish will, an uncomplicated process as it is in the UK. This can be arranged by our legal representative for your sale.

What is the Padron?

If you live in Spain for more than six months, you must sign on the local Town Hall register (Padron). To register, you will need your title deeds (Escritura) or utility bill and your passport. Registering is required by your local town hall as a method of calculating the needs of Doctors, Police, Schools and various other local services.

How do I apply for permanent residence (Residencia)?

The documents that you need to apply for Residencia are:

• passport
• photographs
• proof of monthly income or pension

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