Buying property in Spain

Spain's pleasant, healthy climate and wide selection of properties make it the most popular destination for an overseas property. Choose from developed plots, farmhouses, rural and village locations, through to villas, townhouses and new apartment developments.

Residency
If you wish to spend more than six months in Spain you need to apply for a 'residencia' to become a resident. Being a resident doesn't restrict movements in any way and it has many advantages, such as lower taxes. If you don't become a resident you must appoint a fiscal representative, which we can help you with.

The fiscal representative
It's highly advisable for any person who has a property in Spain but doesn't live there all the time to nominate a fiscal representative. Your fiscal representative will help you with your yearly wealth Tax etc.. This is a person to whom the tax authorities can send all correspondence relating to your affairs in Spain, secure in the knowledge that it will arrive. The fiscal representative must be resident in Spain.

The gestor
For facility management you can appoint a local gestor or legal representative. This person is the official form filler who does the work for quite reasonable charges. If you decide to live or work in Spain your gestor can assist you with residencias, work permits, licences and permits in connection with the opening of new businesses. They'll also advise on importing cars, furniture, electrical goods and pets into Spain, obtaining payment of your pension in Spain, national insurance and other related matters.

Estate agent
Ask us for details of the outgoings payable every year to maintain the property:

• annual real estate tax (1131)
• community fees
• charges for rubbish collection
• water rates
• electricity charges
• property income and wealth tax

Mortgages
Applying for a mortgage is a straightforward process, as in the UK. A number of documents must be furnished to the Spanish bank in order to accommodate a smooth transaction. Please note that originals of everything will need to be shown and copies will be taken at the bank.

• passport, driving licence
• if employed: past six months' payslips, latest P60s
• if self-employed: last three years audited accounts, tax returns and accountant's reference

Children's education
If you plan to move the whole family abroad, your children's education is the highest priority. You can choose from international, state and private schools.

MazarronCasa speak to us about property for sale in Costa Calida. Contact us