Cost of selling / buying a property?
Hi,
Looking for some advice/information; we brought our Spanish house in Lomas de Cabo Roig around 3 years ago. Back then it was just intended to be a holiday home. However, we've since decided that we are going to take early retirement to Spain in August. Now we plan to live there permanently we are a little concerned that the house won't be large enough and that there isn't much outside space. Therefore, we got a valuation with a view to buying something larger.
The positive is that our house has risen considerably since we brought, €50-60k. However, we have spent a lot of money on it as it was mess when we brought. For which we have around €15k worth of reciepts. But the negative is that the estate agent reckons that to sell and buy again would cost us around €40k in purchase and capital gains taxes. Is this correct? And if so, is there anyway of negating or off setting this ridiculously high amount?
All positive advice welcome.