Properties For Sale

The normal timeframe for a property purchase here on the Costa del Sol is approximately 60 days. In some cases we have agilized the sale in 30 days and in exceptional cases could even extended a further 30-60 days. We must take into account that once a deposit is placed the lawyers have a maximum of 21 days to draft and sign the Private Purchase Contract. At that moment a 10% of the total purchase minus deposit placed will be requested. The final notary day of completion will be stated on the PPC Contract.

The costs in a property purchase will vary from a new build to a resale with each having its own corresponding taxes. A new build will have a 10% tax to add ontop of the property price. Plus an additional 1.2% Stamp Duty tax is applied in these cases. If the property is a Resale there is a 7% tax . In both cases we need to add the following costs: 1% lawyer fee. Notary and registration of title deeds 1.5%

Should you require finance assistance for your acquisition we strongly suggest before viewing any property to allow GR8 to assist you as we work hand in hand with various bank directors and brokers who will within 24 hours of your application confirm your pre-approval and provide you a detailed summary of your finance request.

Owning a property here on the Costa del Sol is a great asset as we are one of the top 5 holiday destinations of the world plus opened all year long to tourist therefore owning a property here will ensure you an excellent ROI. There are a few points to take into account if you wish to rent your property.

A. You must ensure that the community your property belongs to allows short term rental. B.You must have a rental license corresponding to that direct property. GR8 Real Estate is more than happy to assist you in this procedure, the approx cost to obtain this license is €250 plus IVA and takes no more than 48 hours to obtain

Buying a property through a company is completely legal in Spain but it is important to identify if it is worthy. from the taxation point of view, and efficient for the Investment purposes. The main advantage is to separate personal assets from business assets, which provides an additional layer of legal protection. In these cases, you can also find the reduction of the transfer text that applies to the deal fulfilling some requirement, but bear in mind that setting up and managing a company in Spain mean involved some costs and taxes that you should have into consideration before deciding to proceed in this sense. Just a simplify, it is important to study the different possibilities taking into consideration your personal situation, something that we will be glad to do it so the investment plan in tax efficient for your interests.