Selling property in Spain
Nov 12th 2014, 11:15 am
#1
Just Joined
Thread Starter
Joined: Nov 2011
Posts: 5
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
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
Nov 12th 2014, 11:49 am
#2
Retired and loving it!
Joined: Sep 2007
Location: Ontinyent - Valencia region (campo)
Posts: 5,160
Re: 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
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.
Nov 13th 2014, 5:56 am
#3
Forum Regular
Joined: Apr 2014
Location: barry island
Posts: 116
Re: Selling property in Spain
what part of spain you in
Nov 13th 2014, 6:09 am
#4
Retired and loving it!
Joined: Sep 2007
Location: Ontinyent - Valencia region (campo)
Posts: 5,160
Nov 13th 2014, 6:49 am
#5
Forum Regular
Joined: Apr 2014
Location: barry island
Posts: 116
Re: Selling property in Spain
not you silly i can see where you are, sr66 the first post
Nov 13th 2014, 6:56 am
#6
Forum Regular
Joined: Apr 2014
Location: barry island
Posts: 116
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
