At last some good news - for those wanting to sell their property.
Sep 27th 2009, 6:47 pm
#16
Lost in BE Cyberspace
Joined: Apr 2009
Posts: 7,749
Re: At last some good news - for those wanting to sell their property.
I mean the whole process is out of date, uncontrolled estate agent, notario, lawers fees, transfer tax, stamp tax, registry etc. ..... 5% here, 1% there, 6% here, .5% there etc. just makes the property price change at such a huge percentage when all is happening is a home is changing hands... one of a persons basic rights.:
Like you said, many Spanish people prefer to sell their house by themselves without an agent and advertise it on online sites and newpapers, these are called "particulares". You just need to go to segundamano, idealista or fotocasa to see these.
Oh, and the tax rate is around 7-9% of the sale price. That includes the tax on the transfer of the propery and on the mortgage. Notary fees are on top of that. A rule of thumb is that taxes and notary fees will costs 10% of the property price.
I dont think property tax infringes human rights at all, it is the right of the Spanish government to set them, they just happen to be higher than in the UK.
Sep 27th 2009, 7:04 pm
#17
BE Enthusiast
Joined: Nov 2007
Location: Southern Spain
Posts: 773
Re: At last some good news - for those wanting to sell their property.
Oh, and the tax rate is around 7-9% of the sale price. That includes the tax on the transfer of the propery and on the mortgage. Notary fees are on top of that. A rule of thumb is that taxes and notary fees will costs 10% of the property price.
I dont think property tax infringes human rights at all, it is the right of the Spanish government to set them, they just happen to be higher than in the UK.
I dont think property tax infringes human rights at all, it is the right of the Spanish government to set them, they just happen to be higher than in the UK.
No paying taxes does not infringe human rights, but as usual you answer posts with statements about things that are not said, please read what is said before making statements about something that was not written.
Last edited by Econ; Sep 27th 2009 at 8:39 pm.
Sep 28th 2009, 8:24 am
#18
Crazy Cat Lady
Joined: Apr 2004
Posts: 65,493
Re: At last some good news - for those wanting to sell their property.
Sorry, couldn't resist, I'll grab my coat and jump back to Aus
Sep 29th 2009, 6:38 am
#21
Started off with nothing
Joined: Feb 2009
Posts: 4,949
Re: At last some good news - for those wanting to sell their property.
Do you mean the tax on sale or the estate agents' fee scales? I'm out of date with the UK market but I'd be surprised if many are asking 3.5% & getting it.... and none I've ever heard of charge a flat fee. So maybe the way to go is for estate agents to charge a % nearer that of N European countries like UK & Holland?? Of course getting rid of the 20% tax would help too!
Sep 30th 2009, 6:37 am
#22
Forum Regular
Joined: Sep 2009
Posts: 32
Re: At last some good news - for those wanting to sell their property.
Mmmh. I'm sceptical. I think if there was economic meltdown all over the world you would always find someone popping up to talk about buyers "flocking" to this or that market. I spoke to some insiders recently who deal with property funds mostly backed by institutional money and they are sniffing around but only with deals starting at 50% below list and then only for large blocks of property. I think private sellers (like me) might have to wait a lot longer.
(SNIP)
(SNIP)
Last edited by Mitzyboy; Sep 30th 2009 at 9:16 am. Reason: Link removed
Oct 1st 2009, 3:14 pm
#23
Just Joined
Joined: Apr 2008
Posts: 20
Re: At last some good news - for those wanting to sell their property.
I've got no idea where the house prices are going, in the same way that I've got no idea where the pound is going, but when I walked the dog this morning I saw a new Se Vende sign and looked it up because I know the house concerned. The German owners went home years ago.
It's up for what I would consider less than half-price, an absolute bargain, but all the other people trying to sell in the same area must be distraught, their places will never sell at their prices.
Quite a few of them have been up for sale for years, I've been here for nine years, and many have been for sale since then. One elderly Spanish couple have died since putting their house on the market, and their non-resident children have just increased the price. They live in Madrid and are putting the house up at Madrid prices. But, who knows? I don't.
(And nor do all the estate agents who have closed down, there used to be a dozen in the area, there's only one now, and he runs a profitable side line).
It's up for what I would consider less than half-price, an absolute bargain, but all the other people trying to sell in the same area must be distraught, their places will never sell at their prices.
Quite a few of them have been up for sale for years, I've been here for nine years, and many have been for sale since then. One elderly Spanish couple have died since putting their house on the market, and their non-resident children have just increased the price. They live in Madrid and are putting the house up at Madrid prices. But, who knows? I don't.
(And nor do all the estate agents who have closed down, there used to be a dozen in the area, there's only one now, and he runs a profitable side line).
