Buying Real Estate

5 Facts before Buying a House in Spain. House in Spain Invest. Property Investment in Spain [2022]

5 Facts before Buying a House in Spain. House in Spain Invest. Property Investment in Spain [2022]

🏑 Details and booking of real estate in Spain: (WhatsApp): https://bit.ly/3Ak9NHv

Welcome (00:00)

Fact β„– 1 is BUDGET. (00:18)

Before buying new housing in Spain, you should know that you will need to add 13 to 14% of the property’s value to its initial cost, of which 10% is tax and 3 to 4% is AJD (stamp duty), lawyer and notary services, registration fee, and water and electricity connection works. So, when determining your budget, consider these additional costs.

Fact β„– 2 is MAINTENANCE COSTS. (00:47)

Before buying new housing in Spain, you also need to know everything about the cost of its maintenance. There are 4 ο»Ώtypes of expenses for the maintenance of any property, such as:

πŸ”΄ IBI (council tax), which is also called the annual property tax.
πŸ”΄ COMUNIDAD or the payment for the maintenance of a housing complex if it has common pools, gardens, and the like.
πŸ”΄ GARBAGE COLLECTION fee.
πŸ”΄ UTILITY PAYMENTS including payment for water, electricity, and all other.

Fact β„– 3 is YOUR WARRANTY. (01:23)

When buying new housing in Spain, you should know that you will receive a full package of guarantees from the construction company, namely:

🟠 a 10-year construction warranty;
🟠 a 3-year warranty for finishing materials and for all types of repair, finishing, and construction works;
🟠 an up-to-two-years warranty for all electrical appliances in the house;
🟠 a compulsory bank guarantee for all your money transfers.

❗ Please REMEMBER that you do NOT get any guarantees when purchasing a resale property, so we recommend you start searching for your real estate in Spain from the primary market. ❗

Fact β„– 4 is MORTGAGE. (02:06)

Before buying new housing, it will also be useful for you to know that Spain is one of the few European countries that are very loyal to the issuance of mortgage loans, even to non-residents.
Usually, Spanish banks provide:

πŸ”΄ an amount of up to 70% of the property value (excluding taxes).Β 
πŸ”΄ the interest rate, is from 3 to 4% per year,Β 
πŸ”΄ the maximum term is 30 years,Β 
πŸ”΄ the down payment is only 30-40% of the property value.

Fact β„– 5 is YOUR RELIABLE REALTOR. (02:42)

We advise you to start a search for your new home in Spain by finding a reputable real estate company whose managers speak not only Spanish but also your native language. Moreover, a reliable realtor will not make you pay for real estate services if you buy a new build because such fees are always paid by the builder in Spain.

PLUS, a professional real estate company will organize for you:
🟠 remote selection of properties considering all your wishes;
🟠 your arrival in Spain and accommodation;
🟠 a three- or four-day real estate review tour;
🟠 all the work related to the preparation of the necessary documents for the purchase and sale, and so on.

And all this is completely free for you!

πŸ“² Schedule a remote viewing of any property: https://bit.ly/3qD8xuw

Don’t forget to subscribe to our channel:
πŸ”— https://bit.ly/2T7j9FV
Property for sale in Spain:
πŸ”— https://bit.ly/2SYshwC
Villas for sale in Spain:
πŸ”— https://bit.ly/3h6baRk

Follow us in social media:
πŸ”— Facebook: https://bit.ly/3ddltln
πŸ”— Instagram: https://bit.ly/3ddfi0I
πŸ”— LinkedIn: https://bit.ly/3wQGHgR
πŸ“§ Contact us: sales@wtgspain.com

⭐ NIE in Spain. How to get NIE number in Spain
https://wtgspain.com/video/get-nie-number-in-spain?utm_source=youtube&utm_medium=youtubeEN&utm_campaign=videoReviewNie

⭐ How to Make Money Renting property in Spain
https://wtgspain.com/video/earn-money-by-renting-property-in-spain?utm_source=youtube&utm_medium=youtubeEN&utm_campaign=videoReviewRenting

⭐ Taxes on buying property in Spain
https://wtgspain.com/video/taxes-on-buying-property-in-spain?utm_source=youtube&utm_medium=youtubeEN&utm_campaign=videoReviewTaxes

⭐ Why is it profitable to buy Property in Spain?
https://wtgspain.com/video/buying-property-in-spain-profitable?utm_source=youtube&utm_medium=youtubeEN&utm_campaign=videoReviewProfitable

⭐ How to get a mortgage in Spain
https://wtgspain.com/video/mortgage-for-spanish-property?utm_source=youtube&utm_medium=youtubeEN&utm_campaign=videoReviewMortgage

⭐ How to open a bank account in Spain | WTG Spain
https://wtgspain.com/video/how-to-open-a-bank-account-in-spain?utm_source=youtube&utm_medium=youtubeEN&utm_campaign=videoReviewBaccaunt

⭐ How to buy property in Spain
https://wtgspain.com/video/property-in-spain-how-to-buy?utm_source=youtube&utm_medium=youtubeEN&utm_campaign=videoReviewhtobuy

Wtg Spain: The Best Real Estate in Spain.

#5facts #spain #realestate #propertyinspain #spanishproperty

Products You May Like

Articles You May Like

Putin issues DEVASTATING warning to NATO if they even try it | Redacted with Clayton Morris
Mansion with rare view of the Pyramids of Giza has listed for $7.2M
Housing market slows as mortgage rates, home prices rise
Home prices cooled in July at the fastest rate in the history of S&P Case-Shiller Index
American homebuyers are finding UK bargains, discounted by a weaker pound

Leave a Reply

Your email address will not be published.