It's Better To Buy Real Estate In Spain
Focus on certain " encroached " regions of SpainRussian tourphyrmas tend to offer recreation in certain regions of Spain - the famous and decorated resorts of Malaga, Barcelona, Tenerife, Salow, Majorca. Our compatriots are inclined to buy real property where they have previously rested, and often miss the benefits of real estate facilities in less dilapidated but not the worst cities in Spain.
It is worth noting that Europeans prefer regions with cheaper real estate, better climate and a great ecology - the Alicante, Murcia, Calpe region. Why don't we Rosians follow suit?
Wishing to acquire first-line immovable property from the seaMany Russians somehow believe that 200 to 300 metres from the sea is too far to choose real property on the very bank. Let's not argue, the view of the window in this case will be luxury, and two steps to the sea. But such facilities tend to be 20 to 40 per cent higher than the same, but located a few hundred metres away from the beach. Wouldn't it be easier to pass this distance on foot, significantly saving?
In addition, homes on the first line are exposed to sea salt and weather conditions that adversely affect the building by increasing repair and cleaning costs. And there will be sand from the beach all the time. Think about it.
Purchase of unjustly large real propertyCitizens of Russia and other former Union republics often request that they obtain a few hundred square metres of apartments and houses with vast areas of land that they do not really need. These facilities are costly. It subsequently turns out that such " gates " are not necessary on several occasions a year to rest in Spain and that it is difficult to rent them.
We recommend that all Russians, prior to the purchase of real estate in Spain, determine which area is really needed. This is determined primarily by the size and composition of your family, as well as by the objectives that you have set for yourself, the purchase of real property in Spain (for rest or subsequent rental for additional income). Don't overpay the extra square meters!
Request for a minimum mortgageIf you choose to buy property in Spain with mortgages, you ask for it for the maximum possible time (usually, the loan will be issued before the borrower reaches 65 years). The longer the crediting period, the smaller the amount you have to pay monthly. If you wish, you will be able to disburse the loan in advance, pay the balance, plus a fine of 1 per cent of the remaining principal debt, and notarial early-payment services (around 1,000 euros).
To buy property in Spain without intermediariesEven if you have perfect knowledge of the Spanish language, you know all the nuances of Spanish law and you deal with the procedure for the purchase of real property in that country, you are not insured for errors. It is therefore better to secure the support of professionals who will escort the transaction. Moreover, for the buyer, the services of the Realter Company are free of charge - in Spain, they are paid by the seller. If you turn to the seller directly, you won't save anything.
Under Spanish law, the cost of real property from the developer and the real estate companies should be the same. The builders include a real estate commission for real estate operators, and if the transaction took place without the participation of intermediaries, they leave it to themselves. They cannot do otherwise because the cost of housing is fixed and taxes on profits from its sale are declared.
|Having acquired real estate from the real estate company, you get a free set of services to accompany the transaction - the services of the translator, the verification of the documentation, assistance in the processing of mortgages and the opening of the bank account, etc. If you buy real estate directly from a construction company or seller, all of these services will have to be ordered. The cost will be around Euro3,000.