When purchasing a new-build home, you have to take into account approximately 14% purchase costs on top of the price and 12% when purchasing a resale.
These costs include VAT or transfer tax, stamp tax on new construction, lawyer, notary and the registration of your property in Spain.

When purchasing a new build project, also provide an extra budget for furniture, white goods and air conditioner that are often not included in the purchase price.

CinBar provides you with a detailed calculation of the total purchase price per project.

What budget is needed for the purchase of a property in Spain ?

What is the NIE number ?

Why invest now in Spanish real estate ?

What are the annual costs and taxes of your Spanish home ?

What are the annual costs and taxes of your Spanish home ?

What are the annual costs and taxes of your Spanish home ?

Do I need a lawyer ?

Can I get a mortgage in Spain?

Frequently asked questions

Please don't hesitate to contact us in case you need more information. You can find our contact form below the FAQ.

Please don't hesitate to contact us in case you need more information. You can find our contact form below the FAQ.

Please don't hesitate to contact us in case you need more information. You can find our contact form below the FAQ.

The NIE number (Número de Identidad de Extranjero) is a unique identification number for foreigners in Spain. You need this for almost all official transactions (including real estate purchase) in Spain and for Spanish tax purposes.

This number is assigned by the Ministry of the Interior, and can be
requested through the Spanish embassy or through the Policía Nacional in Spain.

The application through the Policía Nacional is often complicated and time-consuming. Your lawyer or we can help you with this (also through emergency procedure)
 

If you have savings, you know that it is currently of little use to put it in a savings account. Investing in Spanish real estate is a 'sunny' and profitable alternative because:


The number of home sales and their average price increases every year, so also your return on investment.


The interest is historically low. This makes the financing of your real estate extra attractive.


You can now take advantage of the attractive real estate prices and low purchase and maintenance costs.

 

The Costa Blanca is a popular holiday destination, rental returns are guaranteed.


And you too can enjoy your own money because the sun always shines here and you can live here richly for little money !

If you have savings, you know that it is currently of little use to put it in a savings account. Investing in Spanish real estate is a 'sunny' and profitable alternative because:


The number of home sales and their average price increases every year, so also your return on investment.


The interest is historically low. This makes the financing of your real estate extra attractive.


You can now take advantage of the attractive real estate prices and low purchase and maintenance costs.

 

The Costa Blanca is a popular holiday destination, rental returns are guaranteed.


And you too can enjoy your own money because the sun always shines here and you can live here richly for little money !

In addition to the general costs such as water, electricity, home insurance, garbage and internet the following taxes are paid annually:


- property tax (IBI / Impuesto sobre Bienes Inmuebles): a municipal tax calculated on the    basis of the cadastral value and amounts to 100 € to 400 € per year

 

- income tax (Renta / Impuesto sobre la Renta de Personas Físicas) is also calculated on      the cadastral value    and  amounts to 19% for non-residents


If your home is part of a complex or resort, maintenance costs must also be paid to the community.


CinBar provides you with an estimate of the annual maintenance costs of your Spanish home that we discuss and clarify with you in detail.

In addition to the general costs such as water, electricity, home insurance, garbage and internet the following taxes are paid annually:


- property tax (IBI / Impuesto sobre Bienes Inmuebles): a municipal tax calculated on the    basis of the cadastral value and amounts to 100 € to 400 € per year

 

- income tax (Renta / Impuesto sobre la Renta de Personas Físicas) is also calculated on      the cadastral value    and  amounts to 19% for non-residents


If your home is part of a complex or resort, maintenance costs must also be paid to the community.


CinBar provides you with an estimate of the annual maintenance costs of your Spanish home that we discuss and clarify with you in detail.

In addition to the general costs such as water, electricity, home insurance, garbage and internet the following taxes are paid annually:


- property tax (IBI / Impuesto sobre Bienes Inmuebles): a municipal tax calculated on the    basis of the cadastral value and amounts to 100 € to 400 € per year


- income tax (Renta / Impuesto sobre la Renta de Personas Físicas) is also calculated on      the cadastral value    and  amounts to 19% for non-residents


If your home is part of a complex or resort, maintenance costs must also be paid to the community.


CinBar provides you with an estimate of the annual maintenance costs of your Spanish home that we discuss and clarify with you in detail.

In addition to the general costs such as water, electricity, home insurance, garbage and internet the following taxes are paid annually:


- property tax (IBI / Impuesto sobre Bienes Inmuebles): a municipal tax calculated on the    basis of the cadastral value and amounts to 100 € to 400 € per year

 

- income tax (Renta / Impuesto sobre la Renta de Personas Físicas) is also calculated on      the cadastral value    and  amounts to 19% for non-residents


If your home is part of a complex or resort, maintenance costs must also be paid to the community.


CinBar provides you with an estimate of the annual maintenance costs of your Spanish home that we discuss and clarify with you in detail.

It is best to choose a local agent who has been living for years and specializes in the region where you are looking for property. A registered real estate agent who also speaks Spanish, so that he has an excellent relationship with the construction companies and suppliers. Someone who remains available even after the title deed has been signed. In short, someone you can trust.



CinBar lives and works in the Costa Blanca. We speak Spanish and English and our Registration number is B42578310. Request our customer references without obligation.

It is best to choose a local agent who has been living for years and specializes in the region where you are looking for property. A registered real estate agent who also speaks Spanish, so that he has an excellent relationship with the construction companies and suppliers. Someone who remains available even after the title deed has been signed. In short, someone you can trust.



CinBar lives and works in the Costa Blanca. We speak Spanish and English and our Registration number is B42578310. Request our customer references without obligation.

It is best to choose a local agent who has been living for years and specializes in the region where you are looking for property. A registered real estate agent who also speaks Spanish, so that he has an excellent relationship with the construction companies and suppliers. Someone who remains available even after the title deed has been signed. In short, someone you can trust.



CinBar lives and works in the Costa Blanca. We speak Spanish and English and our Registration number is B42578310. Request our customer references without obligation.

If you want to buy a property in Spain it is wise to call in a lawyer, because the role of the Spanish notary is limited. The notary primarily ensures that the interests of the government are represented and that taxes are collected.
A lawyer checks, among other things, the conditions of the purchase contract, whether the seller is the legal owner of the property, whether there are no outstanding debts or unpaid bills. In addition, he also checks whether the property has the correct building permits, ensures that the transfer of ownership proceeds correctly, etc.



CinBar always works with independent and multilingual lawyers.

If you want to buy a property in Spain it is wise to call in a lawyer, because the role of the Spanish notary is limited. The notary primarily ensures that the interests of the government are represented and that taxes are collected.
A lawyer checks, among other things, the conditions of the purchase contract, whether the seller is the legal owner of the property, whether there are no outstanding debts or unpaid bills. In addition, he also checks whether the property has the correct building permits, ensures that the transfer of ownership proceeds correctly, etc.



CinBar always works with independent and multilingual lawyers.

Yes ! You must of course be able to prove sufficient income (from work or renting your Spanish property)
The amount to be mortgaged may not exceed 70% of the purchase value. Repaying a loan is possible until you are 75 years old.



Also talk to your own bank. They can sometimes lend amazingly easy and very cheap money for your purchase in Spain. They expect that you can offer a guarantee. This can be your residence or other assets such as pension funds or a block of shares.



We are happy to help you apply for a mortgage loan in Spain.

What should you look for when choosing a real estate agent ?

That is perfectly possible ! But keep in mind the rules on holiday rentals.
Do you rent out your property on a regular basis to 'tourists'? Then the property must be registered in the Registro de Turismo (of Valencia) and the municipality must also give its approval. Both impose a number of obligations and conditions that your home and the rental itself must meet.
Spanish tax must also be paid on the profit (19% non-residents)

We help you with useful tips to prepare your home for rent and guide you through the handling of the paper works.

That is perfectly possible ! But keep in mind the rules on holiday rentals.
Do you rent out your property on a regular basis to 'tourists'? Then the property must be registered in the Registro de Turismo (of Valencia) and the municipality must also give its approval. Both impose a number of obligations and conditions that your home and the rental itself must meet.
Spanish tax must also be paid on the profit (19% non-residents)

We help you with useful tips to prepare your home for rent and guide you through the handling of the paper works.

Renting in Spain ?

More questions ?  Please don't hesitate to contact us

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