• The first introduction and service you require is a reputable Solicitor, secondly a Bank operating in your property location and if required a Mortgage lender.
• You will then have in place your own independent expertise to support you. So many people buy a property first and then have problems.

We have services and Professionals we have been using for many years and will introduce you if you so wish.

We would be comfortable in introducing you to Solicitors. Should you prefer to find a Solicitor we have listed solicitors.

Banks: there are various Banks on the Costa Blanca. A local Bank with Staff that speak your Language is very useful .

If you require a Mortgage first speak to your Bank and Solicitor. We have listed Mortgage lenders on the Costa Blanca

The costs of buying a property in Spain.
We get asked many times what the costs are for buying a property in Spain. When buying a Spanish property there are both costs for the buyer and seller. However, there are uncertainties as to which costs belong to the buyer and which to the seller.

            The Buyer: all of this information is for Reference only and the sums are based on average costs and a buyer should always consult their Solicitor

Notary fees: –                        between 600-2000 euros.
Property registry costs: –     400-650 euros
Gestoría costs: – between    250-500 euros
Property Transfer Tax:-        between 4%-11%                                                           In The Valencia Region, which covers the Costa Blanca, it is currently 10%
Property valuation costs: –   only if a bank mortgage is needed approx. 800 €
For newly built properties:- IVA or VAT: – 10% IAJD: – between 0.5%-1.5%
Notary fees Buyer
These are the costs for drawing up the deeds in Spain called the “Escritura”. In general, Spanish law states that these costs should be distributed by the signing parties, meaning that the sellers should take care of the original costs of the deeds “Escritura” and the buyer for the copies. However, nowadays it is normal that the buyer pays for all these costs.Notary fees are based on the selling price stated in the deeds of the property. As an example, you pay around 675 euros for a property of 100.000 euros. But for a property of 1 million, you might have to pay 1000 euros.
To search for a Spanish notary in your area, visit the Spanish Notarial Guide.
Property registry costs Buyer: – It is normally a standard fee also based on the selling price in the deeds. These costs may vary depending on the municipality you live in and in most cases; it is between 400 and 650 euros.
Gestoría Buyer:- The Gestoría is like a bookkeeper that handles tax payments and paperwork to formalize the deeds of the property and mortgages.
Solicitors can also handle all paperwork and normally charge around 1% of the selling price.
Property transfer tax Buyer: –When buying a second-hand property, the buyer has to pay property transfer tax. For newly built properties, the buyer pays instead VAT or IVA of 10%. The property transfer tax is a tax that varies from region to region
In Valencia, Catalonia, and Galicia region, the property transfer tax is 10%.
In the Balearics, it is 8% for properties under 400.000 euros, 9% for properties between 400.000 and 600.000 euros and 10% for properties of more than 600.000 euros.
In Andalucía you pay between 8% and 10%, and in the Canary Islands 6.5% .In this year 2018 the Spanish government plans to change the cadastral value for a large number of municipalities, which has a direct effect of the Property transfer tax and Plusvalía tax. We are not currently aware of the cost for the Valencia-Alicante Area.
Property valuation costs Buyer:- In case a buyer needs a mortgage, the bank has to make a valuation of the property. In this case, the buyer will pay around 800 euros for this appraisal.
For newly built properties Buyer:- When buying a new built property directly from the developer you pay IVA or VAT of 10% instead of paying the normal property transfer tax. On top of that, you also pay a Tax on documented legal acts or IAJD in Spanish.
This information is from an online source and we do not guaranty its accuracy especially as the various Autonomous communities of Spain differ slightly in costs so it is listed as a guide only.
                                                         With the introduction of Brexit some, or all, of this information could be dated and incorrect

Estate Agents Spain
You are now ready to start looking for a property, most people will go to a Spanish Estate Agent.
A Spanish Estate Agent is the representative and advisor for the vendor, from whom the agent receives a fee, and thus is first and foremost consideration is the vendor who is the Estate agents Client.
Why Our Property Man In Spain?
OPMS has been involved with the Spanish property market on the Costa Blanca since 1992. With an initial background of building and developing in the UK, his experience and knowledge can assist you in feeling more comfortable with, and buying a property in Spain.