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Selling property in Spain

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Old Nov 11th 2014 | 11:15 pm
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Default 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
 
Old Nov 11th 2014 | 11:49 pm
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Default Re: Selling property in Spain

Originally Posted by SR66
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

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.
 
Old Nov 12th 2014 | 5:56 pm
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Default Re: Selling property in Spain

what part of spain you in
 
Old Nov 12th 2014 | 6:09 pm
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Default Re: Selling property in Spain

Originally Posted by shazzabob
what part of spain you in
Take a look at the left of my post.
 
Old Nov 12th 2014 | 6:49 pm
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Default Re: Selling property in Spain

not you silly i can see where you are, sr66 the first post
 
Old Nov 12th 2014 | 6:56 pm
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Default 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
 

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