{"id":6590,"date":"2025-02-15T16:59:53","date_gmt":"2025-02-15T14:59:53","guid":{"rendered":"https:\/\/go2costablanca.com\/services\/buying-property-on-the-costa-blanca\/"},"modified":"2025-05-30T10:33:20","modified_gmt":"2025-05-30T08:33:20","slug":"buying-property-on-the-costa-blanca","status":"publish","type":"page","link":"https:\/\/go2costablanca.com\/en\/services\/buying-property-on-the-costa-blanca\/","title":{"rendered":"Buying property on the Costa Blanca"},"content":{"rendered":"\t\t
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Steps to buying a property on the Costa Blanca<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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A guide to successful investing<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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If you are interested in the Mediterranean lifestyle, the Spanish coastal property market and secure property investment, then buying property in Benidorm could be the perfect choice for you. In this guide, we detail the steps to buying property on the Costa Blanca, so you can find the home or investment of your dreams easily and safely. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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1. Contact and needs assessment - Personalised search:<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Personalised search<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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As a first step, contact the Go2CostaBlanca experts to determine your needs and preferences. We will help you choose the property that best suits your needs. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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2. Property search and virtual viewing<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Convenient and fast decision-making<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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We’ll select the best options from our selection and arrange an appointment to view them in person or online. You can also tour the properties virtually, so you don’t need to travel to Spain to make your decision. If you have specific ideas, we will take them into account and target the right property for you. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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3. Booking, bargain and payment of deposit<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Favourable conditions<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Once you have found the ideal property, you can make an offer or a deal, the aim being to agree the best terms for both parties. Once the deal is successfully concluded, you can secure the property by signing a reservation contract and paying a deposit. This is usually 10% of the purchase price of the property. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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4. Legal and financial management<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Secure and transparent process<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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We can help you with your NIE Number! Click here<\/a>. Apply for a NIE Number (an identification number for foreigners needed to buy a property). <\/p>

Open a bank account in Spain to cover future expenses and payments. We can help you open a bank account! Click here. <\/p>

Checking tax numbers and duties.<\/p>

Legal background checks to ensure that the property is free of encumbrances.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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5. Additional costs and maintenance fees<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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What to look out for?<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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When buying a property, you should also take into account the extra costs over and above the purchase price, which may differ between second-hand and new property:<\/p>

For used property:<\/b>
Real estate transfer tax (ITP): 10%.
Official fees (notary and land registry): approx. 2% above the purchase price. <\/p>

For a new property:<\/b>
VAT (IVA): 10%.
Official costs (notary and land registry): approx. 2% above the purchase price.
AJD: 0.1 or 1.5% <\/p>

These costs are indicative and the exact amount may vary according to the property and region
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There are also annual maintenance costs, such as:<\/p>

  • Annual property tax (IBI): \u20ac250-600\/year.<\/li>
  • \u201cNon-resident\u201d tax: \u20ac100-300\/year (for a property with no expenses) or 19% of rental income
    .<\/li>
  • Refuse collection fee: \u20ac193\/year (Benidorm).<\/li>
  • Common charges: different for each apartment.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    6. Finalisation and notarisation<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    The last steps<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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    Once the full purchase price has been paid, the sales contract must be signed before a notary. This officially transfers the property to the new owner. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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    7. Registration of ownership and utility transfers<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    Administrative tasks<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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    Once the contract of sale has been signed by a notary, the property is registered at the Land Registry in the name of the new owner. In addition, utility contracts and local taxes will have to be transferred. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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    8. Moving and furnishing<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    Smooth move-in<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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    Congratulations! The property is officially yours. We can help you move in and recommend trusted local professionals for renovation, furnishing or other services you need. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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    Why choose us?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    The benefits of Go2CostaBlanca<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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    \u2705 Experienced team of experts
    \u2705 Full service
    \u2705 Trusted legal backing
    \u2705 Local knowledge and market insight
    \u2705 Experienced team of experts
    \u2705 Full service
    \u2705 Trusted legal backing
    \u2705 Local knowledge and market insight<\/p>

    Request a free consultation now!<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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