According to The World Health Organisation this part of Spain, Costa Blanca Alicante province has one of the healthiest climates on the planet. The major reasons behind this are both the mildness of the climate throughout the year and the low levels of humidity in the air. A major contributing factor to this low level of humidity is the drying effect of the salt lakes. As a result people with conditions such as arthritis which are aggravated by the cold and damp have found the climate here very beneficial with many of them seeking to move or purchase holiday homes.

The weather in the Costa Blanca is of a subtropical Mediterranean climate. You can expect around 3000 hours of sunshine per year and an average temperature in excess of 200C. The temperature is cooled in the summer by sea breezes and the surrounding mountains protect from cold north winds in the winter. You can expect up to 325 of sunshine days per year. Summers are very long, hot and dry with winters being cool to mild, with very scarce precipitation being below 300 mm per year. The Costa Blanca consists of 200 kilometres of coastline belonging to Alicante and is also called 'The White Coast' There are so many beautiful beaches to choose from such as; Guardamar Del Segura, La Mata and La Marina.

There is a great selection of golf courses on offer in the Costa Blanca South.The first course, Villamartin, was inaugurated in 1972 and since then another ten have been created. There is a course for every ability, from the beginners to championship courses including; Las Ramblas, Dehesa de Campoamor, La Finca and La Marquesa.The Costa Blanca South is serviced by two airports Alicante and Corvera where you will find a good selection of flights from the UK and other countries all year round. There are so many wonderful places to visit in this area such as; Alicante City, Elche City, Torrevieja, Guardamar Del Segura, La Mata, San Miguel, Almoradi, Rojales and Los Montesinos. Check out our website soon for more detailed area guides.

All information contained within these pages is intended as a guide only and should not be considered as authoritative legal, tax or financial advice. One of our Trusted professionals can assist you with definitive answers to your questions.

Please see below a guide check list of documents that are required in order to sell your property here in Spain:-

  • Original NIE documents
  • Escritura (Title Deed)
  • Cedula Habitabilidad (Habitation licence)
  • Last original SUMA bill that you have paid.
  • Copies of all utility bills for Electric, Gas and Water.
  • Certificate from the Community of Owners (if applicable)
  • EPC Certificate

Please note that if you do not intend to be present in Spain for the signing of your property that a Power Of Attorney will need to be handed over to either your Lawyer or to the agent selling your property on your behalf.

Fees and taxes payable on completion

As a seller you would normally expect to pay:-

1) Plusvalía tax. This is a type of municipal capital gains tax charged by the local Town Hall. It is the vendor who is liable to pay this tax, however both parties are free to negotiate who pays it.

2) Capital Gains tax. This is payable by the seller and the rate and method of collection depends on whether the seller is resident or non resident in Spain for tax purposes. If the seller is resident in Spain then we will advise on a case-to-case basis as to the liability to this tax. If the seller is non-resident then the buyer will pay 3% of the purchase price to Hacienda (Spanish Inland Revenue) on account of the seller’s capital gains tax liability. The buyer will then only pay 97% of the purchase price (or balance thereof) to the seller on completion. The seller then has the right to apply for a refund of any balance of the deposited monies that may be due to him after deduction of tax.

3) If the property is mortgaged, and the mortgage is being cancelled on completion of the sale then the costs involved in the cancellation would be payable by the seller.

 

Contact

Call us in Spain: +34 966 877 235 
Call us in the UK: +44 (0) 203 432 4334
Email us: This email address is being protected from spambots. You need JavaScript enabled to view it.

Address:
Calle Los Arcos 17, Local 2, Ciudad Quesada, Rojales 03170 Alicante Spain

38.088,-0.72544

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This page is set out to give you some understanding on what to expect when buying a property in Spain. When setting your budget for your new purchase it is important that you build in the costs associated with buying a Spanish property, which currently equates to approx 13% of the selling price. Please find below a guide to the costs involved. It can be a daunting experience when buying in a foreign country but please be rest assured that Citrine Real Estate are here to help you every step of the way during the process in Spain.

Costs

Resale Purchase tax - When purchasing a resale property the buyer is required to pay the transfer tax which is currently 10%.

New-Build Purchase Tax (IVA) - 10% tax payable of the declared value as per the terms of the contract.

Stamp Duty - Payable when purchasing a new build property at around 1.5%.

Notary Fees - Preparing the Escritura, registering the title. (usually between €550-€900)

Land Registry Fees - To register the property at the relevant Land Registry Office. (usually between €150-€600)

Plus Valia - Tax levied by the Town Hall in accordance with Spanish Law. It is the vendor who is liable to pay this tax, however both parties are free to negotiate who pays it.

Additional Costs - You will have the fees from your lawyer and if you are taking out a mortgage you will also have these fees to pay. Please note that your costs will be higher when obtaining a mortgage and that you mortgage advisor will be able to give you a full breakdown of costs.

Process

NIE - To buy a property as a non-resident in Spain you must obtain a fiscal identification number, known as an NIE number and open a local Spanish bank account

Notary - All property transactions in Spain must be approved by a registered Notary who are a legal representative of the Spanish government. It is only the Notaries who can register you as the rightful and legal owner of a property in Spain's Land Registry. They do this after witnessing the signing of the Escritura (the deeds) by both the buyer and the vendor and after ensuring that all associated and relevant taxes and payments have been paid.

Once you have found your dream home in the sun and the price has been agreed it is standard practice that a reservation contract is signed and the property secured with a reservation fee which is usually €3000-€5000. This fee forms part of the price paid for the property and here at Citrine we always recommend that where possible any fees/deposits are held by a lawyer and not an agent.

The next step is to draw up a contract which will give a completion date. This date will differ to suit different needs but if the completion date is going to be longer than 4 weeks then it is usual practice to make a further payment of around 10% of the purchase price as security.

During this period your independent lawyer will perform due diligence on your chosen property and Citrine Real Estate will liaise with the lawyers and notary who will draft the required paperwork. On the actual day of signing both parties and their lawyers will be present at the notary along with a representative from Citrine Real Estate. If there is a mortgage on the property then it is usual practise for a bank representative to also be present. It is here and at this stage that the remaining balance is paid.

Please take a look at our Trusted Professionals page to help you every step of the way with the purchase of your new place in the sun.

Most vendors ask agents "What can you do differently to sell our property?" Here at Citrine Real Estate apart from a Fresh Thinking out of the box approach we like to be honest and transparent and can deliver the following:-

  • A proactive approach to marketing & advertising not a reactive one.
  • A professional and reliable service.
  • Excellent communication and feedback throughout the selling process.
  • A strong internet presence.
  • Transparent and fair commission rates
  • Regular reviews & honest opinions if anything needs to be changed or improved.

If you are interested in selling your property through Citrine Real Estate please complete the following form.

Sell Your Property

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