PROPERTY SALES

We currently have properties for sale in the following areas in Spain:

Costa del Sol: New and resale villas and apartments in and around Marbella, Puerto Banus, Fuengirola, etc. Properties situated near beach, golf course, and further inland.

Costa Almeria: New apartments on the new golf course, 100 yards from the beach, from £14,000 deposit - mortgage in place.

Costa Blanca: New and resale villas and apartments in and near Torrevieja, Alicante, etc. Properties near the beach, golf course and further inland.

To help you find the best holiday home or the best investment opportunity, we at The Villa Company pride ourselves in offering you, our client, the highest level of professional service. We are very conscious of how important a decision it is to buy a holiday home or make a property investment in Spain. However, our consultants have the experience and knowledge to guide you successfully in these areas. All our consultants are specialists in their area and their advice is independent and free of charge. In addition, we are very careful in selecting the developments and properties we offer to clients. So, whether you intend purchasing on the Costa Blanca, Costa Almeria or Costa del Sol, you can view with confidence knowing that our only commitment is to ensure that you make the right choice and find your dream home in the sun.

Inspection Visits:
We invite you to take a no obligation inspection trip with The Villa Company. It will give you a comprehensive insight into the Spanish property market - both re-sales and new developments. Please contact us for details.

Guidelines for buying a property in Spain

Payment Terms:
Unless specified otherwise, normal payment terms are as follows:
1) Reservation Deposit - £5,000.
2) 20 - 40% deposit on signing the contract 30 days after reservation.
3) 20% interim payment during construction period.
4) Balance on completion.
Note: The above varies between developers.

Additional Costs:
As a guide, you should allow 10% over the purchase price for the following:
1) Value Added Tax (IVA) is charged at 7% on new properties
2) Legal fees are in the region of 1-2% of the purchase price
3) Notary fees for preparing and registering the Title Deed - £230 to £600 depending on the value of the property.
4) Valia, Capital Gains Tax levied by the town hall on the increase of value of the plot since last sold. This can vary between £40 to £200
5) Water and Electricity contracts and connections, approx. £200
6) Stamp duty of 0.5% of the purchase price.

Annual Costs:
Costs can vary according to the size of the property. As a guide, a property costing £100,000 would incur:
1) Community fees of between £120 - £900.
2) Rates of approx. £70 - £400
3) Insurance approx. £150.
4) Fiscal representative to make your annual tax returns, approx. £50 - £200

Mortgages:
Spanish banks will lend a non-resident 60% of the value of the property. What they require from the purchaser is their latest tax declaration and a letter of reference from their bank. Should the client require more that 60%, the Spanish bank would study the possibility of increasing the mortgage.

Renting your property:
The Villa Company has a large holidays department, having been established some 14 years, and will gladly undertake the letting of your Spanish property. Please contact us for further details.

If you need any further information on the above, or any other matter, or would like to arrange an inspection trip, please telephone us on 01883 341336.