FAQ
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FAQ FAQ

Spain1.com

FAQ

FAQ

We offer a wide range of properties, including new developments, resale homes, villas, and beachfront apartments. Since Spain has an open property market, you might see the same listings with multiple agents, but you only need to work with one. Simply send us a link to any property you’re interested in, and we’ll handle everything – from details to viewings.

No, hiring an estate agent is completely free for the buyer. The seller of the property is responsible for paying the agent's fee.

The time a property stays on the market can vary significantly, but on average, it typically remains listed for 3 to 6 months.

When buying property on the Spain, securing your purchase is vital. We collaborate with expert local lawyers who guide you through the process. They conduct thorough due diligence, ensure the property is free from legal issues, and assist with necessary steps like obtaining your N.I.E., setting up a Spanish bank account, and arranging property insurance.

From the reservation contract to the final deed signing, your legal team will protect your interests and ensure a smooth, secure transaction. With professional support, you can confidently proceed with your property purchase in Spain.

In general, plan for around 13.5% in taxes and fees on top of the property price when buying a property in Spain.

For newly built properties, this includes 10% VAT, a 1.5% document fee, as well as notary fees, Spanish Land Registry registration, and legal representation.

For second-hand properties, there is no document fee, but a transfer tax applies—typically 7% in Andalucía and 10% in Valencia—along with notary, Land Registry, and legal fees. 

Contact us for a detailed estimate tailored to your property purchase.

The NIE (Número de Identificación de Extranjero) is Spain’s identification number for foreigners, similar to a Norwegian social security number. It begins with an "X" or "Y", followed by seven digits and a letter. This unique number is non-transferable and does not have an expiration date.

The NIE is essential for a wide range of activities in Spain, especially for fiscal matters like purchasing property or setting up utility services. It is also required for almost any practical task, such as receiving mail, opening a Spanish bank account, signing contracts, or registering with local authorities. Essentially, the NIE serves as your key identification for living and doing business in Spain.

Buying a new-build property in Spain offers unmatched security and peace of mind. Spanish law guarantees your payments through a bank guarantee, ensuring that your funds are safe throughout the construction process. New properties come with a 10-year construction guarantee, protecting you against significant structural issues. Additionally, appliances are covered by a 2-year warranty, in compliance with EU regulations, and most new homes also offer 1-2 years of warranty on cosmetic details like finishes and fixtures.

Furthermore, new properties are thoroughly inspected by the municipality before being granted the "licencia de primera ocupación" (first occupation license), confirming that the home meets all legal and safety standards. Buyers also have the opportunity to create a "snag list" for any minor defects, which the developer must correct before the final handover. These extensive protections and warranties make new-build properties a smart, hassle-free investment, ensuring you can move into a modern, reliable home with confidence.

The bidding process common in some countries, where multiple potential buyers submit offers, is not typical in Spain. Here, your estate agent will assist in negotiating the final price between the seller and the buyer. For existing properties, the final price is often somewhat lower than the original asking price. However, new-build homes typically have a fixed price.

When you buy a property with furniture, an inventory list will be attached to the purchase contract. This means the seller and buyer have agreed that some or all of the furniture will remain in the home. The inventory list details which specific items are included. 

It's important to note that housewares such as carpets, TVs, curtains, lamps, paintings, and decorations are not considered furniture. If you purchase a furnished property, the seller may also leave additional items not listed on the inventory. Should you wish to remove any furniture after moving in, we can help connect you with local companies that can assist with this.

No. The seller is not obliged to have the property cleaned by completion date. But we can always help you get in touch with local cleaning companies after you get access to your new property.

A good strategy is to invest in areas with high levels of tourism, as these locations tend to have greater rental demand. Proximity to airports and excellent flight connections are also key factors to consider when choosing the right area. Our team can provide further insights and detailed information to help you make the best decision.

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