Costa del Sol, Marbella has long been Europe’s number one most popular destinations
Costa del Sol, Marbella has long been Europe’s number one most popular destinations for property abroad purchasers.With more than 320 days per year of heat and sun of the Costa del Sol has much to offer from the most important “quality of life.” It is famous for its beautiful sandy beaches along the coast.
If you are a golfer, Spain is now known as the European capital of golf, golf courses are set in the decade of the most spectacular scenery. So why not a golfer or tennis club a visit to the spa and country, the Costa del Sol has a wide variety of activities for all the private world.
In the last three years, the number of owners in the UK who have taken residence in Spain increased by 40%. People jump at the chance to buy a property abroad in Costa del Sol and certainly the time to act is now, when prices are realistic, not to mention finally the low interest rates!
Thousands of properties were purchased as holiday homes.
Marbella, Costa del Sol has again become a highly sought after location of the property, with two short and one-half hour trip from UK to Malaga International. With prices lower than many other European destinations to Spain, a rental market is showing a very major impact, with rents guaranteed up to 3 years on certain property on the Costa del Sol
Acquisition of properties in Spain are still the best and most popular choice among many investments worldwide.
The procurement process was very easy and straightforward.
When you finally find the property you wish to purchase, the agent will ask for a reservation deposit must be paid little, which will set the selling price and remove the goods in the market immediately.
You will then have 30 days to organize and present the 10% deposit of the purchase price purchased.
However, if the seller withdraws from the sale, the seller is then legally obligated to pay twice the payment of benefits, this also works both ways and if you decide to withdraw from sale or not completed, the deposit will be forfeited .
Will need your NIE number, which is published in the national police in the same city where the acquisition of property. Of course, you should ask the person in it.
A quick guide to the costs involved:
If you buy a second hand property, you must pay the transfer tax, which was 7%.
Buyers of newly built properties in Spain have to pay VAT at 7% if the house is completed or is still under construction at the time of purchase. 0.5% stamp duty will also have to pay.
In other cases, if the purchase of land or commercial property tax increase to 16%.
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