Must-Watch Before Buying Property in Spain 2024
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- Опубликовано: 26 июн 2024
- Buying Property in Spain
As Promised, here is the first video in our series about buying a property in Spain, moving to Spain and everything associated.
This video is just about the actual buying a property process from start to finish.
We will also be making videos for you about visas, moving to Spain, different tax implications when moving over, the 90 day rule, bringing your pets to Spain and anything else you would like advice about.
We are worried that you have received lots of misinformation about these subjects and want to give you a more accurate guide.
If you are looking at buying a property in Spain- in either the Alicante province, Murcia province or Communidad Valenciana, this video can help you with the information you need.
This video covers the process for buying property in the Costa Blanca and Costa Calida areas of Spain.
Not an EU national? No problem.
Looking at Buying a property from the USA? No problem.
Looking at buying a property in Spain from Canada, South Africa, UK and the EU?- that is covered.
Brits looking to buy Spanish property? This can help YOU.
You can still buy a property in Spain after Brexit and regardless of the 90/ 180 day rules.
Taxes, legal fees, notary fees? Difference between ITP and IVA?- We cover that and more.
The different property types.
The pros and cons of different areas.
How to choose your Estate Agent/ Realtor
We are registered in the Valencian Community as an Estate Agent- registration RAICV0230 & member of API.
Published in early March 2024- information correct at the time of publishing.
Want to get the accompanying guide to go with this video? You can read it here (download link available in the guide):
www.tdotandco.com/buying-prop...
Money Exchange specialist: fill in the form and they will be in touch:
www.tdotandco.com/buying-prop...
Want our latest direct properties emailed to you every week?
www.tdotandco.com/buying-prop...
Want more details/ informal chat? No problem- email social@tdotandco.com
00:00:00 Start
00:00:11 Introduction
00:01:32 Accompanying guide & website link
00:01:57 Accessibility
00:03:11 Location, location, location
00:03:45 Spanish village
00:05:04 Rural locations
00:06:47 Spanish towns and cities
00:08:17 Beach property
00:09:35 Urbanisations
00:10:49 Property Types
00:17:53 Choosing your estate agent
00:27:07 Choosing your legal team
00:30:09 Power of Attorney (POA)
00:32:06 NIE
00:34:23 NIE, TIE, Residency, Citizenship differences
00:35:40 Cost of Buying Property purchase Taxes and stamp duty
00:37:28 Other fees
00:39:21 Mortgages
00:47:17 Your property wish list
00:44:52 Property Viewings and the buying process
00:55:04 Transferring your funds
01:02:33 Surveys
01:03:19 Ongoing Costs
01:05:03 Troubleshooting
01:08:12 Wrap up
01:09:45 Finish
Moving to Spain from UK
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This video is great if you want to find your own A Place In The Sun
#aplaceinthesun #liveinspain #movetospain #spanishproperty Moving to Costa Blanca
holiday home in Spain
what to buy in spain
buying a holiday home in spain
buying property in spain after brexit
how to buy a house in spain
living in costa blanca spain
#spanishproperty #liveinspain #movetospain #buyinspain
Accompanying artcle and ability to download the pdf file to go through at your leisure:
www.tdotandco.com/buying-property-in-spain/
Having met Andy and Helen a few times also searched with them for property in Torrevieja. I can honestly say you are in great hands, they are extremely professional / no pressure tactics. They are lovely people too - ❤❤❤ See you soon guys 🎉
Thanks guys! ❤️ see you soon! 😀
Yes I agree ❤
Great video! Thanks. Lots of information presented clearly and concisely. Much appreciated.
Thanks for watching and the feedback 👍
It took me a few views to get through it but I thought it was first class and really a must for prospective purchasers. We rushed the viewing process too but 2 years on we have a nice reformed townhouse. We got caught with the cadastral value a week before completion, luckily we had the extra 3000 euros but it did hurt at the time. The only thing I think was missing(but I may have missed it) was the ability to buy your currency forward for up to a year if the rates are good.
Thanks for watching. Various money companies have different deals on and work slightly different to each other. Buying it forward at a good rate can have penalties if you don't complete the transfer, though. You can also get them to contact you when the exchange rate reaches a predetermined value you agree on... thanks for watching.
When you buy with these guys you become part of the family lovely people all of them :)
Thanks for the lovely comment guys- thanks for watching and see you soon 👍
Really helpful thank you.
We’re glad you found it helpful. Thanks for watching and the comment.
Fantastic video, and one to watch again soon. It's great to see you sharing your professional knowledge and experience on the channel. 👍
Thanks!- hope it helps 🙏
Great video and best detailed information 😊
Glad it was helpful! Thanks for watching 👍
Brilliant video ,advice is 100 % covering everything .
Thanks for the feedback and for watching- hope it´s of use.
Brilliant show guys best in. In the business really enjoyed the advice
Thanks Fred- hopefully the video matches your experience of buying through us 👍
Great video guys I wish I had seen this before buying our place in Torrevieja. There is so much information in here for people looking to buy!
Thanks- and thanks for watching. Hopefully it will help some people looking at starting their journey 🙏
Absolutely brilliant information and. 👍👍👍
Thanks- and thanks for watching 👍
Just stumbled on your channel. Enjoyed that, good info and although we are not looking to buy in Spain now brexit has messed it all up. You have explained stuff that we weren't really aware of.
Thankyou all the best.👍
Thanks- and thanks for watching 👍
great video.see u in May
Thanks- and thanks for watching- see you soon 👍
Great video, very informative. Thanks for the taking the time/effort to make it. Looking forward to the rest of this series of videos. Will definitely use Casas Espania when we r ready to buy. Thanks Stephen
Thanks and thanks for getting in touch.
From how we understand everything Helen and Andy, this is so accurate. The information you have helpfully offered is invaluable for people who are serious about making the move. Thank you for your professionalism.
Thanks guys- and thanks for watching 👍
Hi Helen and Andy
That was very helpful, I didn't know how complicated it could be buying a place. Legal help is definitely essential. Look forward to more similar vlogs
Thanks for watching 👍 we tried to make it as easy as possible, but also as comprehensive as possible...
Wow, you guys are amazing, you have put so much work into this video with every fine detail possible. Really looking forward to your video on visas particularly the golden visa and also issues with inheritance tax. Well done guys 👏👏 we have met you once before in Torrevieja but will be seeing you in May at the meet up 😊
Thanks for watching and thanks for the comment. Look forward to seeing you again in May- how many of you are coming?
Loved this thanks guys,Heather had me watch It twice 😂
Ha ha ha. Thanks for watching- twice 🤪- don't forget you can download the notes from the website, if it helps.
We brought our property with you guys. The experience was exceptional and we would highly recommend.
Thanks Deb! See you next time you’re over!
@@britslivinginspain We are back May 8th. Hopefully bump into you 😊
Usually do 😆
Awesome work guys. Love the video. Brilliant timing too as we are coming out to see you in April. Hope you have lots of properties for us to view!👍😎😁
👏👏🙏🏼🙏🏼
Thanks 👍 😊
Thanks 👍 😊- look forward to it
Great information .I will definately be contacting you when I come over late may to find a property in the Alicante area.
Thanks- and thanks for watching. Hopefully the video will be of use. There's a contact form over on the website- www.tdotanco.com
Evening 👍
You didn’t say what currency exchange you recommended mend unless I missed it ,but I did watch your full video .
Thanks for watching. If you go to our website there's a form we have now added where you can put your details on and we will ask them to get in touch. (Look for buying in Spain at the top)
Thanks for this I've learnt a lot & will be checking all your other videos. My dream is still alive even after Brexit 😁
Hi! Thanks for the comment! Lots of people are still doing it regardless of Brexit! 😃
Wow! So much great information! I learned a lot so thank you! I just wish there wasn’t so much background noise ie. people talking, it was very distracting! This was at the 18:18 minute + mark of the video. I will definitely subscribe. Thank you!
Thanks for watching and the comment. We were also upset about the noise, we had microphones on but they weren’t working and we didn’t realise.
Great advice guys and very important - many thanks for sharing the info
Thanks- and thanks for watching
Thank you so much
You're most welcome- thanks for watching 👍
@@britslivinginspain when I come over to Alicante I will visit you to view properties if that is okay. It will be in about 3 to 4 weeks time. Thank you
Sure!- email Andy so we can check dates etc. Social@tdotandco.com
@@britslivinginspain Great! As soon as I book a flight, I will email you.
@@ROS14075 Andy will be away from 25th of April until 2nd May but available any other time.
hi. a lot different from bying a property in sweden (a lot simpler). we bought otur apartment in Quesada by a swedish agent and they did all the paperwork needed. great show by the way.
Interesting to know. Thanks for watching and the feedback 😀
Just stumbled across your channel. Could you please do one on selling in Spain?
Thanks for watching- it's one of the ones that will be done at some point 👍
Hi, loved the very informative video, thanks. Can you give me the name of your estate agency please, thanks 👍
Hi. Thanks for watching- there are contact forms for us for different purposes on our website (property mailing list, currency exchange, general contact etc. On our website- www.tdotandco.com (that way we will deal with you directly with any enquiries or requirements you have and can assist directly with us, as opposed to others in the office)- Thanks for watching 👍- Andy
Morning Andy&Helen, I was looking for the name of of the Money Transfer people you recommend but cant seem to find the link. I am wanting to get an account set up before we fly out. Thanks. MD
Hi. Andy has sent you an email!
Great video! Very informative and thorough. I have a question. For buyers who do not live in Spain but buy as a holiday home and not a primary residence and can only use the property for 90 days at a time (Schengen rules) and it will sit empty for months at a time. Is it safe leave it empty for months at a time? Are there companies that will look after your property for you while you’re not there? Thank you.
Hi. There are key holding companies who will Taylor packages to your specific needs. Also, you can have alarm systems fitted, security grills to windows etc. I would also recommend maybe putting lights on a timer so that it looks like someone is home. Generally speaking there is not a massive issue with squatters but it is something that rears its head occasionally and needs to be considered. Thanks for watching and the comment!
I guess now, when property market is a bit softer that earlier, one should at least to try to negotiate the price also for a new build property. Btw, what Spanish bank would be a good choice for a foreigner, do they all have internet bank in English and so on?
Hi. You can always try an offer on a second hand property but at the moment demand out weighs supply so be realistic and don’t expect a big discount. On new build properties you will not get ANY reduction in price, the price is non negotiable. The cost of building materials are constantly increasing and so are the prices of the new build properties.
Hi Andy & Helen, I also was looking for the name of of the Money Transfer people you recommend but cant seem to find the link also.
We are buying a house in La Siesta and hope to complete in April.
Regard's Dave
Hi if you fill this in, we will get them to get in touch
www.tdotandco.com/buying-property-in-spain/money-exchange/
... and thanks for watching 👍
Great video where can I view the property ye have for sale
If you send Andy an email he'll send you all the details through. social@tdotandco.com
Have ye an office in town
In torrevieja
@@endaegan9103 hi. No. Only at La Siesta.
If you're resident in Spain and want to sell in order to buy somewhere else, I presume there's no capital gains tax?....I'm assuming capital gains tax is only applicable when your Spanish property is your 2nd home?....
Hi. Capital gains tax is always applicable if you have made a profit gain when you sell a property regardless of residency status, and is taxed as a percentage on the gain made. However, if you are going to reinvest the full capital from a sale in to a new property purchase it is often possible to offset capital gains tax. There is an annual tax to pay on second homes if you are resident but this is different to capital gains tax which is only charged on sales.
i tryed to work out the non residents tax.not sure i got it correct.im hoping to buy a property of £70000. i worked out 2% of that is £1400 and that multiplyed by 24% is £336.00
that doesnt sound alot.is that correct?
Yes. But it would probably be even less than that. It’s usually calculated at 1%, not 2% but can fluctuate.
Also, you need to submit the forms for each person who appears on the property deeds and each person is responsible for their percentage of the tax. So if 2 of you own the property you’ll be responsible for 50% of the tax amount each.
@@britslivinginspain great thankyou so much.great video.really helpful
@@britslivinginspain just me🤣 ok great thankyou.do i have to have a tourist license to be able to rent the property out? if im gonna be taxed regardles if i do or dont i may aswell look into it.
Hi. If rented out: short term, you need a tourist license and pay 24% tax on EVERY BOOKING. If long term, be advised as soon as tenants move in they have the right to stay in the property for upto 5 years... (but you don't need a tourist license for that)- we'll ask our accountant that is helping with the videos on visas etc. to cover taxes in one of the videos...
Evening 👍
Hola! Swipe the comment part on the phone to the left to get to the live chat during the premiere
Brilliant information thankyou , so well explained .
Thanks- and thanks for watching 👍