Working in Real Estate I am regularly asked “what’s the market like” This is a tough question at the moment! Properties in the UK are selling like hot cakes with some agents of high end houses saying they can’t get enough on their books, and prices at the moment are staying stable. Here in the Costa Blanca the market has slowed down due to the lockdown and now the 14 day quarantine imposed by some countries but property prices are still holding steady. I get daily inquiries from kyero and Zoopla from people who want to buy before the end of the year. What this situation has shown people is that life is short and the feeling I get is that they want to realise their dreams. Living in Spain through one of the toughest lockdowns in the world was hard but coming out the other side we are picking up lots of new clients. Orihuela Costa on the Costa Blanca is a beautiful area to relocate to with blue flag beaches, nice restaurants and a low crime rate and 300 days of sunshine every year.
If you are thinking of buying your dream home in Spain there are some things you need to put in place first. You Need your NIE number which is your tax identity in Spain. If you cannot get to Spain at the moment you can go online and make an appointment with the Spanish consulate in your own country and get one easily enough. Otherwise when you arrive I can arrange an appointment to get this for you. You also need a Spanish bank account and good reliable gestor in place to complete on a sale. The process for buying here is different to the UK. You can use a property finder who can arrange viewings for you from most other collaborating agents as long as you haven’t registered online or in person with that agency. Property finders will take the headache out of searching by narrowing down the search and making appointments that fit your requirements. They will also do tours of the area and can organise accommodation. Once you have found the ideal home, holiday home or investment property a 3000€ deposit secures the property and protects you from the sellers changing their minds. Indeed if they do they are legally bound to return your deposit plus another 3000€ The deposit is held by the solicitor until they have made sure the property is legal. COSTS OF BUYING The cost of buying a property in Spain is usually around 13 to 15% on top of the purchase price. The tax varies by region but in the Orihuela Costa area its 10% tax on top of the price paid to the government and around 3% for legal and notary costs depending on the company you use. We recommend that you use a currency company not your bank to move the cash over to Spain this as you can save a lot of money. You can also lock down a rate so when the rate is good you send a small deposit they buy your euros at that rate ready for when you complete.
BUYING A NEW BUILD PROPERTY We work with reputable builders and can show you the best developments in the area. There is no advantage to contacting the builder direct in fact it is better to use an unbiased agent. We offer free lawyer costs and cash backs on certain new builds
So if your tired of all of the crazy things happening in the world, maybe now is a good time to realise your dream of buying a property in Spain We at Lemon Tree Casas would like to help you make that dream a reality www.lemontreecasas.com