Buying Real Estate on the Costa Blanca - Step by Step
A Guide to Successful Investing
If you’re interested in the Mediterranean lifestyle, the Spanish coastal real estate market, and a secure real estate investment, then the Costa Blanca could be the perfect choice for you. In this guide, we’ll walk you through the process of buying real estate on the Costa Blanca step by step, so you can easily and safely find your dream home or investment opportunity.
1. Initial Contact and Needs Assessment - Personalized Search:
Custom-Designed Real Estate on the Costa Blanca
As a first step, contact the experts at Go2Spain so we can determine your needs and preferences. We’ll help you choose the property that’s best for you.
2. Property Search and Virtual Tour
Convenient and Quick Decision-Making
We’ll select the best options from our inventory and then schedule a time for an in-person or online viewing. You can also take a virtual tour of the properties, so you don’t need to travel to Spain to make your decision. If you have specific preferences, we’ll take them into account and search specifically for properties that meet your needs.
3. Reservation, Negotiation, and Payment of a Deposit
On favorable terms
Once you’ve found the ideal property, you can make an offer or negotiate, with the goal of agreeing on terms that are most favorable to both parties. Once negotiations are successfully concluded, you can secure the property by signing a reservation agreement and paying a deposit. This is typically 10% of the property’s purchase price.
4. Legal and Financial Administration
A secure and transparent process
We can help you with your NIE application! Click here. Apply for an NIE number (anidentification number for foreign nationals, which is required to purchase real estate).
Opening a bank account in Spain to handle future expenses and payments. We can help you open a bank account! Click here.
Verification of Tax ID Numbers and Fees.
Verify the legal status of the property to ensure it is free of encumbrances.
5. Additional Costs and Maintenance Fees
What should you keep in mind?
Buying Real Estate on the Costa Blanca: You should also factor in costs in addition to the purchase price, which may vary depending on whether the property is new or pre-owned:
For pre-owned properties:
Real estate transfer tax (ITP): 10%.
Administrative fees (notary and land registry): approx. 2% of the purchase price.
For new real estate:
VAT (IVA): 10%.
Administrative fees (notary and land registry): approx. 2% of the purchase price.
AJD: 0.1 or 1.5%
These costs are for informational purposes only, and the exact amounts may vary depending on the specific property and region at
.
In addition, you must also factor in annual maintenance costs, such as:
- Annual property tax (IBI): 250–600 €/year.
- “Non-resident” tax: €100–300 per year (calculated based on the number of days the property was not rented out), with a 19% tax payable on the profit (not revenue) after expenses.
- Garbage collection fee: 193 €/year (Benidorm).
- Common expenses: vary by apartment.
6. Finalization and Notarized Document
The Final Steps
After the full purchase price has been paid, the sales contract must be signed before a notary public; payment by check is an option, which is a secure method of payment. This officially transfers ownership of the property to the new owner.
7. Registration of Ownership and Transfer of Utility Services
Administrative Tasks
After the sales contract is signed before a notary public, the property is registered with the land registry office in the new owner’s name. In addition, arrangements must be made to transfer utility contracts and local taxes to the new owner.
8. Moving and Furnishing
A Smooth Move-In
Congratulations! The property is now officially yours. We’ll help you with the move and recommend reliable local professionals for renovations, furnishing, or any other services you may need.
Why Choose Us?
Buying Real Estate on the Costa Blanca
✅ Experienced team of experts
✅ Comprehensive administrative support
✅ Reliable legal framework
✅ Local knowledge and market insight
✅ Experienced team of experts
✅ Comprehensive administrative support
✅ Reliable legal support
✅ Local knowledge and market insight
Request a free consultation now!
Free Consultation
Regarding the Purchase of Real Estate-
By phone
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Google Meet Video
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In person at our office
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