Nuestro equipo

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En nuestra oficina somos 18 agentes asociados, 2 coordinadores y el broker. Hablamos 12 idiomas en total!

Meet our team

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Our team consists of 18 Associate Agents, 2 coordinatos and our office broker. We speak a total of 12 languages in our office!

Taxes when selling a property in spain

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When you choose to sell your property in Spain apart from the agency fees you might be obliged to pay the following taxes;

Plusvalía Tax

Plusvalía is a municipal tax paid to the local townhall and is based on the increase of the official value of the land between the purchase and sale dates.

The plusvalía or land value tax is the tax applied to the increase of the value of the urban land once a property is transferred, sold, inherited, or received after a donation.

This tax does not apply to the property itself, but to the value of the land it occupies.

When you bought the property you are planning to sell, the land in which it is located on had a value X. Now that you want to sell this value of the land may have increased (X + increase of value). And that increase is in part due to the improvements the town hall has made to the area and its surroundings.

There are more supermarkets nearby, better infrastructures, perhaps more public transport connections, etc.

So the plusvalía tax is the way the town hall has to capture that increase in value that is correlated to their public investments and improvements.

It is important to stress that Plusvalía only captures the increase in urban land value.  Meaning that if the property is located in the countryside, this tax will be non existent or very little.

Also, it is important to mention that when the seller is a non-tax resident in Spain, the purchaser will be liable for this tax. Why? Because if the seller is in charge of paying it but fails to do so (because he is not in Spain) the Spanish tax authorities will go after the new owner.  For this reason  the buyer of the property will retain the money for the Plusvalía to pay on behalf of the seller, to guarantee the tax will be paid.

Non resident tax

According to Spanish Law (article 25.2 of Royal Decree 5/2004 that regulates Non-Resident Tax) if a non-resident sells a property in Spain, the buyer must withhold 3% of the purchase price and deposit it into the Public Treasury within one month in the name of the seller.

This payment is treated as an adva nced payment of capital gains ( see below).

If the non-resident taxpayer has made a loss or the tax liability is less than 3%, he/she will have to apply for a refund of the excess.

Capital Gains

The capital gains tax is a tax paid by non-residents and residents that is applied when benefits are obtained from the sale of a property, that is, when the sale value exceeds the purchase value. In the case of residents, they will pay between 19% and 26% depending on the benefit obtained and some of the existing bonuses may be applied. For non-residents the rate will be 19% for non residents from EU/EEA countries or 24% for non residents from other countries.

The tax is based on the net profit made when selling a property, which is calculated by deducting the original purchase price (including VAT, Land Registry fees, property transfer tax and legal and notary fees) from the final sale price (less costs incurred during the sale).

There are a few exceptions and strategies that can be used to avoid paying Capital Gains Tax. For example, if you purchase another home as your sole, main residence using the proceeds from the sale of a property that you also used as your sole, main residence only then you are legally exempt from paying Capital Gains Tax. Also, if you are over 65 years old then you are not required to pay Capital Gains Tax, but you must have lived in the property as your sole, main residence for a minimum of three years prior to the sale of your property.

Lawyer Fees

We recommend that you use a lawyer to act on your behalf in the selling transaction. A lawyer will help calculate the costs and make sure everything is in your best interest

once there is a buyer. We work alongside many lawyers that we can recommend.

How to buy a property in Spain

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THINKING OF BUYING PROPERTY IN SPAIN?

Looking for your new home abroad? Spain might be just the place. Whether you imagine yourself in a villa by the coast enjoying those long summers, or a trendy apartment in a vibrant city, we’ve got you covered!

Spain is a country of vast culture, fantastic cuisine and a high standard of living. Its cities have great architecture around every corner, and its countryside and sunny coasts are famous for their stunning scenery. Spain boasts first-class healthcare, education and no restrictions on foreigners buying property. As there are property types to suit every buyer, it won’t be hard to find the perfect place. Already tempted? Here are some of the most important steps in the process.

THE ROLE OF YOUR RE/MAX AGENT IN SPAIN

A good agent means the difference between a stress-free buying process – or the disaster of buying a property that just wasn’t meant for you. Fortunately, your RE/MAX agent will speak your language and take you step by step through the entire process. As a local expert, your agent can recommend properties the moment they come onto the market, and their information about the region is indispensable – they’ll advise you on the schools, transport links and neighborhoods, as well as cater to your specific needs.

THE BUYING PROCESS IN SPAIN

Knowing the purchase process in advance will help you avoid stress, problems, and shocks in the future. Your agent will inform you about the various mortgage products that you can access in case you need financing, as well as the minimum savings you will need to carry out the purchase. There are many aspects to consider in this process, but do not worry because your REMAX Agent will guide you through every step!

To buy your new home, you will need an Identification Number in Spain.

If you are not going to be a resident in the country, you must apply for the so-called NIE of temporary non-resident, which is valid for 90 days. The request can be made in Spain, by going to your nearest police station, or through a power of attorney with a local law firm in case you are abroad. The NIE is essential to be able to sign the deed of sale and mortgage and it also needed in many banks in order to be able to request a study for a mortgage loan, so it is convenient that you do it as soon as possible if you are decided to buy a property in Spain considering two aspects:

A very important step before looking for the house of your dreams is to define a realistic purchase budget, considering the expenses of the purchase and in the case of assistance with financing, your maximum borrowing capacity and the savings necessary to undertake the investment. Again, your REMAX Agent will help you in the process.

 

If you are going to need financing, you should take into account some aspects:

 

However, the REMAX mortgage department is at your service to help you, without cost or commitment, to choose the best financing for your purchase and be alongside you throughout the financing process.

Once you have chosen the house of your dreams, you must make an offer to the owner and in case of being accepted, sign the deposit. The role of your REMAX Agent is this step is key to help you make informed decisions. He knows the market, the last sales made in the area and the actual closing price of other homes in the same neighborhood which it will give you valuable information so you can buy your house at the best price possible.

Your REMAX agent will defend your purchase proposal with the owner and/or his representative agent, praising your strengths as a buyer. He will also define a negotiation strategy with you in case the seller makes a counteroffer.

Once your offer has been accepted, you will express your intention of purchase in a document called ARRAS PENITENCIALES, which will be signed by both parties along with the delivery of a percentage of the purchase price on your part as a symbol of firm commitment.

In case of breach of contract on your part, you will lose the amount delivered, and if the other party is the one who breaches it, the seller must return the amount of the deposit doubled as compensation. It is very important that at the time of signing the ARRAS, you are clear that you have the necessary savings and the bank approval for a loan in firm, if you need it, so as not to incur in the loss of the money delivered.

The next step is to go to a Notary to formalize the deed of sale and the mortgage, if necessary.

 

Your REMAX Agent will be responsible for carrying out all the document and registration checks to ensure that your purchase is made with all the guarantees.

WHAT IS THE BEST PLACE TO BUY IN SPAIN?

Deciding where to buy in Spain will come down to taking into consideration some factors such as: your budget, the lifestyle you are looking for, the weather, the gastronomic offer or public transportation. If you’re looking for a laid-back lifestyle in the sun, the coast could be your place.

ASK YOURSELF THE BIG QUESTIONS BEFORE YOU START LOOKING FOR A PROPERTY

Questioning whether you prefer city, the coast, or the countryside, is much more than the landscape you dream of waking up. Do you expect a friendly expat community where you can adapt easily, or do you prefer to integrate with the locals and fully immerse yourself in their lifestyle?

Each region of Spain has its own culture and traditions to explore, so don’t take the decision lightly. The reason you’re choosing to move, or buy a second home, could define the type of property you’re looking for.

Visiting the country several times allows you to get a better idea of the type of neighborhood and property you want to acquire.

Your RE/MAX Agent can show you the best homes in the places you like, maybe even areas you hadn’t thought of yet, that´s why he will spend a lot of time getting to know you, your family, and your needs. This is the best way to help you find your home, your new home!

 

If this all sounds good, you’re ready to take the first steps. We invite you to visit different areas of the country to define your purchase area, look at some properties online and familiarize yourself with the market, but the most important thing is that you have a professional on your side, so get in touch with a RE/MAX agent to get going and solve all doubts. You’ll see how easy it is!

Property purchase expenses in Spain in 2024

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One of the most frequently asked questions by homebuyers is what are the costs added to the purchase price. In order to explain them, we must separate between purchases of new builds and second-hand properties, as their taxation is different:

New builds:

In special cases, such as for disabled people, large families or people under 35 years of age, some autonomous communities apply reduced AJD rates. If you are looking for a property, at RE/MAX Beach Homes we will be happy to assist you with all the issues involved in buying a property, and of course to help you find the most suitable one for your needs.

Property resales:

As with stamp duty tax, in special cases some autonomous communities apply reduced rates of the Property transfer tax. Also as in the previous case, the reference value of the land registry is used as the basis for its calculation.

Other expenses:

The sale and purchase of a property entails other expenses apart from taxes and which are borne by the buyer:

Gastos por la compra de una vivienda en 2024

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Una de las preguntas más frecuentes realizadas por los compradores de vivienda es cuáles son los gastos añadidos al precio de compraventa. Para poder explicarlos, debemos separar entre compras de vivienda de obra nueva y de segunda mano, ya que su tributación es diferente:

Obra nueva:

Tipos de AJD por comunidad autónoma

En casos especiales como en el de personas discapacitadas, familias numerosas o menores de 35 años, algunas comunidades autónomas aplican tipos reducidos de AJD. Si está buscando una vivienda, en RE/MAX Beach Homes estaremos encantados de asistirle con todas las cuestiones que plantea la compra de una propiedad, y por supuesto de ayudarle a encontrar la más adecuada para sus necesidades.

Viviendas de segunda mano:

Al igual que con el AJD, en casos especiales algunas comunidades autónomas aplican tipos reducidos de ITP. También como en el caso anterior, se utiliza como base para su cálculo el valor de referencia del catastro.

Otros gastos:

La compraventa de una vivienda conlleva otros gastos aparte de los impuestos y que corren a cargo del comprador:

Playa Flamenca Guide

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Playa Flamenca is a residential area located in the south of the province of Alicante, close to bigger towns such as Torrevieja or Alicante (in the north), or Pilar de la Horadada, San Pedro del Pinatar or Cartagena (in the south). It belongs to Orihuela Costa, which is a district of Orihuela, and borders with La Zenia to the south and with Villamartín urbanization to the west. Playa Flamenca is located near two international airports: Alicante-Elche Miguel Hernández, 45 minutes away, and Region of Murcia, 40 minutes away. It also has a very good road connection with the beaches and areas of tourist interest on the Costa Blanca.

It is surrounded by all kinds of services such as restaurants, bars and supermarkets. Just 1km away is the Zenia Boulevard Shopping Center, the largest shopping center in the province of Alicante, with an area of ​​160.000 m², 5.000 parking spaces, 150 stores where we can find the main brands in fashion for men, women and children, sports, footwear, perfumery, food, telephone, accessories, home, bricolage, jewellery, toy store, pet shop, etc.

In 2020, the residential had around 1.700 inhabitants, the majority being British, German, Belgian and Scandinavian.

BEACHES

Playa Flamenca has two beaches,  La Mosca and La Estaca, both holders of the Blue Flag badge since 1992 and the Q for «Tourist Quality» awarded by the Ministry of Tourism since 2014:

COMMUNICATIONS

During the whole year, Playa Flamenca has two bus services from  Costa Azul company that connect it with the rest of the Orihuela Costa urbanizations and with the Torrevieja bus station, from where many connections can be made with other cities in Spain. You can access all the information on the lines in the service app or in the following links:

 

ENVIRONMENT

Playa Flamenca is a privileged environment for its tranquility and has a wide range of bars, restaurants, supermarkets, schools and services. The Zenia Boulevard Shopping Center, the largest in the province of Alicante, is located a few minutes from Playa Flamenca. There are 150 shops there and it holds regular activities and concerts for the whole family. The Playa Flamenca area is located in one of the best and most important golf areas in the Mediterranean with five excellent golf courses of recognized international prestige: Campo De Golf Villamartín, Club De Golf Las Ramblas, Real Club De Golf Campoamor, Las Colinas Golf & Country Club and Vistabella Golf.

Playa Flamenca has around 6 km of bicycle lanes from Campoamor to Punta Prima, which allow anyone to enjoy the area while having a bicycle ride with the safety offered by this exclusive route for cyclists.

The area also has the following marinas:

Playa Flamenca has a wide range of restaurants ( The Lobster and Surfers Bar & Grill stand out), pubs with live shows and supermarkets from large chains such as Carrefour, Lidl or Mercadona. In addition, every Saturday from 9 a.m. to 2 p.m., a street market takes place on the street Pintor Ribera, where you can find all kinds of products at a good price.

Guía de Playa Flamenca

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Playa Flamenca es un residencial situado al sur de la provincia de Alicante, a poca distancia de localidades de mayor tamaño como Torrevieja o Alicante (hacia el norte), o Pilar de la Horadada, San Pedro del Pinatar o Cartagena (hacia el sur). Pertenece a Orihuela Costa, que es una pedanía de Orihuela, y limita con La Zenia al sur y al oeste con la urbanización de Villamartín. Playa Flamenca se ubica cerca de dos aeropuertos internacionales: el de Alicante-Elche Miguel Hernández a 45 minutos y el de Región de Murcia a 40 minutos. Además tiene una muy buena conexión por carretera con las playas y zonas de interés turístico de la Costa Blanca.

Está rodeada de todo tipo de servicios como restaurantes, bares y supermercados. A tan solo 1km se encuentra el Centro Comercial Zenia Boulevard, el mayor centro comercial de la provincia de Alicante, con una superficie de 160.000 m², 5.000 plazas de aparcamiento, 150 tiendas donde podemos encontrar las principales marcas en moda hombre, mujer y niños, deporte, calzado, perfumería, alimentación, telefonía, complementos, hogar, bricolaje, joyería, juguetería, tienda de animales, etc.

En 2020, la urbanización contaba con alrededor de 1700 habitantes, la mayoría británicos, alemanes, belgas y escandinavos.

PLAYAS

Playa Flamenca cuenta con dos playas llamadas La Mosca y La Estaca, ambas poseedoras del distintivo de Bandera Azul desde del año 1992 y de la Q de “Calidad Turística” otorgada por el Ministerio de Turismo desde 2014:

COMUNICACIONES

Playa Flamenca cuenta durante todo el año dos líneas de autobuses de la compañía Costa Azul que la comunican con el resto de urbanizaciones de Orihuela Costa y con la estación de autobuses de Torrevieja, desde donde se pueden realizar multitud de conexiones con otras ciudades de España. Se puede acceder a toda la información de las líneas a través de la app del servicio o de los siguientes enlaces:

 

ENTORNO

Playa Flamenca tiene un entorno privilegiado por su tranquilidad y cuenta una gran oferta de bares, restaurante, supermercados, colegios y servicios. El Centro Comercial Zenia Boulevard, el más grande de la provincia de Alicante, está situado a unos pocos minutos de Playa Flamenca. En él se encuentran 150 locales y regularmente se realizan actividades y conciertos ideales para toda la familia. El área de Playa Flamenca está situada en una de las mejores y más importantes ofertas de golf del Mediterráneo con cinco excelentes campos de golf de reconocido prestigio internacional: Campo De Golf Villamartín, Club De Golf Las Ramblas, Real Club De Golf Campoamor, Las Colinas Golf & Country Club y Vistabella Golf.

Playa Flamenca cuenta con unos 6 km carril bici que se extienden desde Campoamor hasta Punta Prima, que permiten disfrutar de la zona a la vez que se disfruta de un paseo en bicicleta con la seguridad ofrecida por esta vía exclusiva para ciclistas.

La zona cuenta además con los siguientes puertos deportivos:

Playa Flamenca cuenta con una amplia oferta de restaurantes, entre los que destacan The Lobster y Surfers Bar & Grill, pubs con espectáculos en directo que así como establecimientos de grandes cadenas de supermercados como Carrefour, Lidl o Mercadona. Además, cada sábado de 9 a 14 horas tiene lugar en la calle C. Pintor Ribera un mercadillo en el que se pueden encontrar todo tipo de productos a buen precio.

Nuevo valor de referencia del Catastro a partir de 2022

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En España, como todos sabemos, la compra de una propiedad conlleva el pago de impuestos tras la firma de la correspondiente escritura, concretamente: IVA y AJD para viviendas de obra nueva e ITP* para viviendas de segunda mano. El método utilizado para el cálculo de este último ha cambiado desde que el pasado 1 de enero de 2022 entrara en vigor la Ley 11/2021 de medidas de prevención y lucha contra el fraude, que incluía una modificación de la base imponible utilizada para el cálculo del Impuesto de Sucesiones y Donaciones (ISyD) y el Impuesto de Transmisiones Patrimoniales (ITP). Hasta esa fecha, la base imponible utilizada era el valor real de la compraventa declarado en la escritura, a menos que las autoridades fiscales pudieran demostrar que el valor de mercado fuese mayor.

 

 

Con el fin de reducir los procesos judiciales derivados de estos casos, la nueva ley ha introducido un “valor de referencia” que se utilizará como base imponible para el cálculo de los tributos mencionados anteriormente. Esto significa que, si por ejemplo, antes en la Comunidad Valenciana había que pagar un 10% del valor de compraventa de la propiedad en concepto de ITP, ahora habremos de pagar el 10% del “valor de referencia”. Este valor será determinado por la Dirección General del Catastro basándose en los precios de las compraventas declarados ante notario y teniendo en cuenta la ubicación y el tipo de inmueble. Sin embargo, no tendrá en cuenta el estado del mismo ni, por ejemplo, si es necesaria una reforma que implique una devaluación del precio, por lo que es posible que el valor de referencia sea, en ciertos casos, muy superior al precio de mercado. En todo caso, los compradores pueden reclamar, aportando pruebas, si consideran que este valor es superior al valor de mercado, aunque la propia Dirección General del Catastro afirma que este valor no superará el de mercado y que para ello se aplicará un factor de minorización.

 

*La tributación del ITP en la Comunidad Valenciana en el momento de escribir esta entrada es el 10%

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