Big Dange

Hi All,

Thanks for all the help and advice. I have been over in Spain the last week and spent the day in Esuri on Saturday viewing properties. I have decided on a 3 bed duplex in Marina but now have a few more questions.

1) It's up for €97k Euros via Bank Popular. Can I negotiate on price? If so how much can I expect to have knocked off?

2) I know there is a 10% buying fee added to this but what else can I expect to pay?

3) The property is barely finished so what are the likely costs of having the following fitted
Air con
Mossie Blinds
Sucrity shutters (do I need these)

4) What are the estimated annual running costs of the duplex for Gas, Electricity, Water, Council Tax and Maintenance fee's.

keithBT

Big Dange, I've replied to you via your private message box re above purchase.

JohnandCarol

Have sent you a PM

John

johnnyone

After the sale you may be asked to pay the sales tax on the difference between what you paid and what the tax office say it's worth.
I forget what the tax is called but am sure someone will post about it now.

Big Dange

I believe this is 100% contestible and nobody actual ends up paying it. I may be mis-informed but that's what I heard

keithBT

If you buy new from the developer / bank you pay 10% iva (vat), if it has been previously owned you pay property transfer tax at 8%. Either way it is technically based on the perceived registered value, NOT the price you paid, although initially you pay it only on the price you paid. Two years ago, I had to employ an architect to appeal against the additional bill that came thru a few months later from the Hacienda. It went straight through and he won the appeal easy. Just a paperwork exercise. East money for the architect. Nowadays, there have been so many appeals that have all been accepted that I doubt you will even get the extra tax bill. If you do there are so many precedents that you would not need to employ an architect to appeal for you. You could get your solicitor /tax advisor to do it for you.
SO NO WORRIES !!

Big Dange

👍

soyrosa

Most banks will give you 80% mortgage and you will have to fund the 20% plus costs (your state agent will give you more info on that, and tends to be quite accurate in my experience).
I got my mortgage with la Caixa, avoid them if you can like the plague!!
I hope this helps.