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 Living here all year round you will find the pleasantly warm climate extremely beneficial, the environment has been described by the World Health Organisation as one of the most environmentally perfect climates of the world. The sun drenched shores of the Mediterranean have an irresistible appeal and attraction to almost everyone. The scenery is stunning, dramatic cliffs, quaint traditional villages and countless clean sandy beaches with rocky coves and private bays.
You need to be certain that you are purchasing the best possible property at the best possible price. Whether you are seeking to buy an off plan investment, a holiday rental apartment, townhouse, villa or dream home in the sun, Provincial Realty will endeavour to provide the best purchasing opportunity for you. Buying property in Spain ought to be an exciting experience, but too many times we have heard of situations where prospective home seekers have been disappointed and neglected. The Provincial Realty team forms an experienced and successful business group who recognise the need to provide a more personalised and efficient level of customer service in the real estate marketplace today.
When you have selected a property you will be required to pay a reservation deposit, this deposit is paid directly to the developer or into your lawyer’s client account. This varies from 1,000 to 6,000 euros and takes the property off the market until the contract stage but more importantly it secures the purchase price so that you are not affected by any price increases. This reservation fee is non refundable if you choose to cancel the reservation.
Your appointed lawyer will draw up a private Sales and Purchase Agreement. This contract will specify the details of the property, ensuring the property is free of covenants or charges. On signing the purchase contract, your lawyer will then arrange payment of all the relevant transfer taxes. Your total purchasing costs will be the property purchase price, plus 7% IVA (VAT) of the purchase price, the lawyers fees, the notary fees and the bank mortgage arrangement fee if applicable. This list of legal and bank fees may equate up to an additional 3% or 4% of the purchase price. Provincial Realty will be available to answer any of your questions, and ensure you are being kept fully informed. Provincial Realty will be by your side every step of the way.
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