All Included

"A place in the Sun" gives out high expectations which cannot normally be delivered. The times I've read on this forum about TV programmes giving the promises of this and that which don't materialise,  just a joke really!!

Steve 

A very good rule of thumb is to allow and extra 15% (yes, 15%!) on the purchase price of a property over here to cover all taxes, legal fees, etc.

What makes me laugh on programs like 'A Place in the Sun' is when the presenter casually says "and the communal fees in this development are 140 euros a month" like it's nothing. 

WHAATTT!  That's nearly 1700 euros per annum that you are going to shell out which you wouldn't be if you were buying your own private property not on a development. That's an awful lot of bottles of wine or lunches out.

This link should give you more information 

Lynn

The following link may provide all the answers:

https://www.spanishpropertyinsight.com/buying-property-in-spain/costs/ 

Steve

In reply to your PM (the site owner won't let me reply privately), we pay a fully inclusive fee of 750 euros pa to a very good guy which covers absolutely everything, but we may be lucky. I hear from others fees ranging upwards of 1000 euros.

Hello

 Ha! the TV programmes also say.... what good rental opportunities many of the properties have, for people who intend to do this. They never say that you need to apply for  a Tourist Licence & firstly,  permission from the Town Hall ,which is not necessarily given.

Can make quite a difference to peoples plans......

Cheers

Elinspain

Hi Steve,

If you're planning to buy in the Comunidad Valenciana region, ITP (property transfer tax) is 10% of the value of the property, e.g. if you're purchasing a property at the price of €150,000, the ITP will be €15,000.  (As regional governments set the ITP percentage, it can vary, e.g. in Murcia it's 9% and in Andalucia it's 8%.)  Additionally, you need to assume a further amount of around 4% to cover legal fees, i.e. your lawyer, notary and land registry.  "Plusvalia" is a tax that should be paid by the vendor, but lawyers often agree to split this between vendor and buyer, so make sure you're aware of how that is being handled.

If you buy a property on a Community of Owners, with shared facilities such as a pool, you will have to pay monthly fees - ask the estate agent for this information; if they don't know, they can ask the vendor.

In Spain "home" insurance covers buildings and contents, so that's the one cost which it would be difficult for other members to accurately assess - if you could say what sort of property you're looking for, members should be able to give you a ballpark figure.  There are other ongoing costs, such as IBI (Council Tax) which, again, the selling agent can advise for a specific property.

Kind regards,

Kim

Hi HJ,

What is this fee for please?

Kind regards, 

Kim

In a Community of owners the Community Fee is not necessarily paid monthly as you say.   I live in a Community and pay my annual fee in 2 x 6 monthly amounts.