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Real Estate Lawyer Alicante | Conveyancing law firm
Do you want to buy a property in Spain but do not know where to start? Buying a property is one of the most important legal transactions that most people undertake in their lifetime. With English- Spanish-speaking lawyers, our conveyancing services will ensure a smooth legal process.
REAL ESTATE LAWYER IN ALICANTE PROVINCE
We are a conveyancing law firm and we are here to assist you. Navigating the complex landscape of Spanish real estate law, especially in the stunning region of Alicante, demands skilled and experienced legal representation.
At TA Lawyers, we've made it our mission to guide international clients through their unique property transactions, offering personalized support and robust knowledge of Spanish property law, if you are looking for a real estate lawyer in Alicante, we can help you.
SMOOTHING YOUR REAL STATE JOURNEY IN SPAIN
Purchasing a house in Spain is an important decision, be it for a permanent home, a holiday haven, or an investment opportunity. To facilitate a seamless transaction, consider these essential factors:
- Total cost, encompassing all foreseeable expenses
- Projected duration of the transaction
- Chosen payment method
- Purpose for the property purchase
Your journey to a successful real estate purchase in Alicante requires precise planning, budgeting, and comprehensive understanding of Spanish legal procedures. Here are some vital steps to consider:
- Financial Planning: Incorporate Transfer tax and VAT into the selling price, alongside legal, notary, and land or property register fees.
- Legal Guidance: Appoint a lawyer who will advocate for your interests throughout the transaction.
- Property Examination: Ensure the property's specifications meet your criteria and it's free of any outstanding charges.
- Realizing Your Dream: The ultimate objective is to secure your dream home in Alicante, Spain.
A property transaction in Spain typically involves multiple stakeholders such as the seller, their solicitor, the real estate agent, the notary public, the property register, the town hall, banks, and utility companies.
A conveyancing solicitor with a wealth of experience is vital to seamlessly coordinate these various elements and guarantee all legal matters are efficiently managed.
Comprehensive Property Conveyancing Services
Before Purchase:
Our experts at TA Lawyers are equipped to handle every detail of your property conveyancing process. We provide the following pre-purchase services:
- Obtaining the Power of Attorney (POA) for smooth interactions with the notary and bank.
- Reviewing the property's legal status before purchase.
- Ensuring the property is legally registered and without any encumbrances.
- Ascertain the property is tenant-free.
- Verifying the property is up-to-date with community owner's charges.
- Confirming adherence to local tax payments for the property.
- Offering a detailed estimate of the total purchase cost.
- Preparing the private purchase contract and the title deeds.
- Communication with the vendor and their lawyer.
- Accompanying you to the notary to finalize the deeds.
After Purchase:
After the property deeds have been signed at the notary, we continue to assist with:
- Securing a copy of the property's purchasing deeds.
- Handling tax payments resulting from the Purchase.
- Registering the new ownership with the Property Register and retrieving the original deeds.
- Ensuring utilities like water and electricity are registered under the new ownership.
Trust TA Lawyers, the leading real estate law firm in Alicante, to simplify your property conveyancing process.
Founded by ICAE collegiate lawyer Manuel Torres Andreu, TA Lawyers was born out of an understanding of the challenges foreign clients face in Spain due to cultural and language differences.
Let us ease your transition into Spanish property ownership.
Gain a deeper understanding of Property Conveyancing, a crucial element within the Real State market, focusing on the legal aspects and procedures involved in the buying and selling of property in Spain.
Frequently Asked Questions
No, you do not need to be a Spanish resident to buy property. Foreign nationals, including non-residents, can freely buy real estate in Spain. However, you will need the NIE number to finalize the process at the spanish notary. Also if you are planning to stay in Spain for extended periods, you may need to apply for a residence visa, depending on your situation.
The NIE (Número de Identificación de Extranjero) is a tax identification number required for all foreigners wishing to buy property in Spain. It is necessary for all legal transactions involving property, including paying taxes. We can assist you with obtaining the NIE.
When buying property in Spain, in addition to the property price, you'll need to account for the following costs: Notary fees. Depending on the deeds and Purchasing price. Land Registry fees Taxes: Depending on whether it's a new or resale property, you'll pay either IVA (VAT) + AJD or Transfer Tax (ITP), which can range from 6% to 10% of the purchase price depending on the community in Spain where you buy the property. Legal fees: Our team will provide transparent pricing for all legal services. Mortgage fees: If applicable, there may be additional costs related to obtaining a mortgage in Spain.
Yes, foreign buyers can apply for a mortgage in Spain. However, banks will typically require you to have a permanent income or substantial savings. The amount you can borrow depends on your financial situation and in the currency you get your incomes. Our legal services can help guide you through the mortgage application process and assist with paperwork.
In general, there are no restrictions on buying property in Spain. However, there may be specific zoning laws, such as in protected areas like the coast or agricultural land, where restrictions may apply. Also need to be aware of urbanistic violations on rustic and urban lands. We conduct thorough due diligence to ensure the property you are interested in is free of any such restrictions.
As a property owner in Spain, you will need to pay an annual property tax (IBI), which varies depending on the property’s location and value. Additionally, if you are renting out the property, rental income will be subject to taxes in Spain. Our team offers comprehensive tax advice to ensure you're in compliance with Spanish tax laws. If today you are non resident in Spain but you own a property you will need to present the Non resident taxes anually.
If you decide to sell the property in the future, the process is similar to the buying process, involving a notary, preparing deposit contract for the operation and paying capital gains tax, which may apply depending on the increase in value of the property. Our team can assist you with the selling process and any tax implications.
Related Services
TA LAWYERS, was created with the aim of providing coverage to international clients with interests in Spain. After living and working abroad for several years, its founder Manuel Torres Andreu, ICAE collegiate lawyer, understood the difficulties a foreigner face in all procedures when arriving in a country with a new culture and a different language.
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Contact us
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Avenida Candalix 35 , Elche 03202
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Let's talk +34 641357380
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Write us info@talawyersgroup.com
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We are open Mn-Fr: 9am to 2pm 4pm to 7pm F: 9 to 2pm
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