THE REAL ESTATE IN SPAIN

A house in Spain on the seashore is one of the best options for investing money. Almost all the coast of the country is covered with wide beaches, where the sun heats 11 months of the year, and the sea waves are always friendly. Celebrities often rest in these parts, the service is faultless, the infrastructure is at its best, but despite this, it is quite possible to buy cheap apartments here. By the way, the Russians here are already more than 1 million people.

Four of the most popular resorts are Costa Brava, Costa del Sol, Costa Dorada, and Costa Blanca. The last one is the most profitable option for those who want to buy a villa in Spain. The name of the resort is translated as “the White Beach”, and this is not due to the color of the sand on the beaches – it is golden and sunny, but with the unique color of the coastal rocks. Even in winter, the air temperature here is kept at +19 ° C, and in summer it reaches +30 ° C. Azure waters, bright sun, cheap seafood, and healthy climate can cure any diseases of the respiratory system, so guests from different countries come here.

In the same province, there is the famous resort Benidorm and the most Russian-speaking city – Torrevieja. If you buy the real estate in Spain in such a region, it will become a place for a family holiday and a way to make money on rent. In addition to the beauty and developed tourism, Spain attracts investors by:

• rich culture;
• transport accessibility;
• stability of the economy;
• highly profitable rent;
• high-quality goods, products, and services;
• reliable legislation;
• the price-quality ratio in the housing market.

Factors that influence the prices

The country offers a huge choice of housing – this is the elite real estate in Spain in the form of luxury villas, budget apartments, and bungalows, studios and houses. The price of the listed objects varies depending on the selected region and type of housing, proximity to business centers, large cities or the sea, as well as the age of the building and developed infrastructure.

If you need to buy cheap real estate in Spain by the sea, it is better to look for offers in Costa Blanca. One-room apartment with a complete renovation will cost 30-35 thousand euros. In addition, the purchase of housing in the country gives the right to a residence permit, and if you invest from 500 thousand euros, you can become a resident. The only negative side is the complexity of the legislation in the country, which is why it is not worthwhile to make deals on your own. This is fraught with not only delaying the process but also serious financial expenses.

Taxes and fees that you should know in advance

If you are interested in a cheap apartment in Spain by the sea, contact the experts of RPI SOLUTIONS company, and they will help you to choose a “clean” property taking into account all wishes. Lawyers will attentively study the contract to exclude the presence of “pitfalls”. Tax on transfer of ownership in each region varies from 7 to 11%. The buyer pays 10% VAT, land tax 21%, as well as the tax to change the cadastral value. Besides foreigners are charged with paying tax when they sell housing, in the amount of 3%. The costs of registration the transaction also refers to the expenses of the buyer. This is approximately 1.5% of the amount specified in the contract. Still, you need to pay notary services and state fees. When receiving a mortgage loan, the list of required documents and payments is growing, in particular, mortgage processing requires 1–2% of the amount.

If you are going to buy an apartment and a house in Spain, you need to determine exactly why this is necessary, and, based on this, select the appropriate region. Professional lawyers will give advice on which region to choose for permanent residence, commercial activities or recreation. You should not try to save money by searching for offers on the Internet by yourself. There are many scammers on the Internet who will leave you with nothing.

Our lawyers will correctly execute the transaction and bring the matter to its logical conclusion so that the client enters into possession. Initially, you need to imagine the full amount that will be required, in addition to the cost of housing – taxes, utility bills and much more, which in the future will have to be paid regularly. No need to fear mortgage, if the law allows you to get such credit. Rates in Spain are currently quite attractive, and conditions for foreigners are simple. For more information on purchasing housing in Spain, please contact the consultants of RPI SOLUTIONS.

Real estate in Spain, Tenerife Island

1. Villa in Los Cristianos 880000

Area 545.00 m2

4 Bedrooms, 4 Bathrooms

Modern corner villa is located in one of the best residences of Los Cristianos – Mesetas del Mar. The villa consists of three floors. On the ground floor, there is a living room, a dining room, a separate, fully equipped kitchen, 1 bedroom, a guest toilet, and a utility room. On the second floor, there are 3 bedrooms with fitted wardrobes and two bathrooms. There are automatic blinds throughout the house, heat insulation, double glazed windows, a security system, cameras and an alarm system inside and outside the villa’s perimeter, an intercom with an external screen, and air conditioning in all rooms. There is a private pool, a big zone for rest, the closed garage with an automatic door for two cars, motorcycles, etc. The house is in perfect condition and ready to move in, it is possible to install an elevator from the basement to the house. Is on sale completely furnished. Beautiful view of the mountains and the ocean. The villa is located 5 minutes from the center of Los Cristianos, the beach, shopping, sports and entertainment centers.