Selling property in Spain
 

Hi,

Could I please ask if anyone has any experience or knowledge of the following - any advice or guidance would be greatly appreciated:-

1. What are the approximate costs of selling a property in Spain ? (I understand that the costs of purchasing are around 10%)

2. When I am paid for in the sale (in euros) and the exchange rate into sterling is poor; what would be the best option for keeping the euros safe and secure until the rate improves ?

Thanks in advance

Re: Selling property in Spain
 

The costs of buying are nearer 15% now with ITP (transfer tax AKA stamp duty at about 10%).

You can always open a euro account in UK where you may get a better interest rate.


As for selling costs, the biggest chunk will be the estate agent - the rest is minimal. Be aware that they may retain 3% if you are not staying in Spain.

Re: Selling property in Spain
 

what part of spain you in

Re: Selling property in Spain
 

Take a look at the left of my post.

Re: Selling property in Spain
 

not you silly i can see where you are, sr66 the first post

Re: Selling property in Spain
 

just looking at your area now snikpoh nice biking roads we have been up and around there a few time on the bikes motorbikes i mean im not that fit