New Build Properties for Sale in Los Alcazares Murcia
Why choose Costa Calida as the place to buy?
It goes without saying that it benefits from the sun, the sea and the sand! But it also has lots more to offer, depending on which location you are looking in. Not forgetting, of course, the relaxed Spanish way of life, the delicious cuisine and the excellent vino.
The good news is that confidence has returned as Spain seems to have turned the economic corner and there has been a definite resurgence of interest in the property market. There is no doubt that Spain is an affordable and popular destination for those looking to relocate, whether they are planning to work, retire or whether they just want a holiday home. There is also an investment opportunity to capitalise on the holiday lettings market and as shortages emerge in high-demand areas new building programmes are due to start once again.
Where do you start?
If you are a potential buyer finding the right property can be daunting, unless you have expert help and assistance. There are several factors to be aware of when buying property in the Costa Calida of Spain. ES Property for Sale in Spain can help advise on this matter.
Main Stages of Purchase Process in Spain
The buyer makes an offer, usually through the seller’s estate agent. If this is accepted, then the buyer and seller sign a preliminary contract (contrato privado de compravento) and the buyer pays a deposit, typically 10% of the purchase price which will be forfeited in the event of the contract not being completed. If a mortgage is required, the buyer should make sure that this has been arranged beforehand with their mortgage provider. The contract of sale (escritura de compraventa) is usually signed in front of a notary, at which point the full sale price, taxes and other costs become due.
Although the seller is responsible for hidden defects in the property, even if they are not aware of them, a survey is recommended as a good safeguard, any defects can then be readdressed. It is a good idea for the buyer to ensure that the electricity, water, community charges and local rates (IBI) are paid and up-to-date and that there is no outstanding mortgage or other charges against the property. If you are buying a new property you should ensure that it has a habitation licence. Your lawyer will advise you in this respect.
Paying the costs and taxes associated with buying a home can be completed by the buyer or their agent. However, it is the buyer’s responsibility to ensure all taxes are paid. The buyer is also responsible for registering the property. The notary may provide this service for a fee, and/or may notify the registry office that the sale has taken place, without completing full registration. Remember that Spain has a capital gains tax of 21–27%. Your lawyer will withhold funds to cover the seller’s potential liability for capital gains tax.
Find the New Build Property for Sale you are looking for in Los Alcazares with ES Property for Sale in Spain
At ES Property For Sale in Spain, we provide all the necessary help and assistance to find and buy the property you are looking for. In addition, our advice includes other aspects of the buying process in Spain, the additional buying costs or any advice related to the property market in Spain.
With a UK office, Spanish based team and an estate agents network with bilingual consultants we are here to advise and support you in your search to find your perfect property in Spain. Take a look at our catalogue and find a wide range of new build properties for sale in los Alcazares