Property in Spain. The procedure for the acquisition of real estate. Residence permit When you buy for a sum From 160 000 Euro.

Different properties in Spain are divided into 2 categories.

The first group includes real estate objects, prepared for living in the movement of the holiday season. As a rule, these facilities are located in the provinces of Costa Brava, Costa del Sol and assume a not very large area. The cost of the objects of "seasonal" real estate ranges from 160 000 to 500 000 euros. These living spaces are bought with different purposes. Someone spends on their vacation, someone rents out during the holiday season.

The second group of Spanish real estate - real estate, which are designed for year-round accommodation. Villas in Spain, traditionally, have their own garages and ponds and are much more expensive than the living space in the apartments on the beaches. Real estate objects in Spain, put up for sale are on average 250 000 - 500 000 euros. But as soon as the Spanish government approved a bill to obtain a residence permit for all Russians who bought real estate in Spain worth more than 160,000 euros, many developers had to reduce prices, as there was a sharp surge in demand in early 2013, when the law came into force.

To date, the Spanish real estate market is more supportive sitautsiya, for investing their funds in this area. "Reloading" and cleaning the real estate market occurred in 2008-2009, in connection with the financial crisis that began in the US, the echoes of which affected virtually all the powers of the European Union, and, of course, Spain. Together with the regress of business activity, the price increase for real estate in Spain (villas, apartments, townhouses, apartments, land, commercial real estate) has slowed significantly, although in the past 10 years the prices have increased very rapidly. But most experts note that very soon the situation is stabilizing, and the prices will again go up. Real estate in Spain: supply, demand, cost and environmental quality will already start to grow steadily and confidently. So now is the best time to invest in real estate in Spain.

The purchase of apartments, villas and townhouses in Spain, as well as everywhere, is preceded by an introduction to various variations of real estate objects put up for sale. After the conclusion is made, the preliminary contract of sale is signed, and the client makes a deposit. As soon as the deposit is paid, the real estate item is withdrawn from sales and reserved for this buyer. The deposit usually does not exceed 10% of the single price of the property.

The second step in the acquisition of real estate is connected with the receipt in the police branch of the identification number of the foreigner, or sparingly NIE. In the absence of this document (assignment of the NIE), residents of other countries will not be able to open an account with a bank in Spain, nor will they undergo many other legal procedures.

The third step will be the signing of an official act on buying and selling, held by a notary. The act of transfer is called Escritura Publica. As soon as the contract is signed, the client transfers from his account to the merchant's account a suitable amount for the purchase - the value of the property plus taxes - 7% VAT, 1% stamp duty, and 7% tax on the transfer of ownership, for the secondary market. A full owner of a property in Spain, the buyer becomes immediately after the transfer of the entire amount of funds.

At the 4th step - the registration of real estate in the Register belongs to Spain. This is quite a long process: on average it takes 2-4 months. After registering an inherent property, a foreign buyer gets the advantage of obtaining a multi-visa, or already a residence permit, if the value of his property is 160 000 euros or more of this amount.

As you know, Spain has a well-developed infrastructure, the climate contributes to the development of the resort commercial business. These factors increasingly make real estate in Spain attractive and interesting for the consumer and investing from Russia.

But even now the real estate market in Spain is developed so much that the potential buyer when buying or renting any real estate in Spain, all parties, as much as possible, will grow from bureaucratic problems and delays associated with the legislation of Spain. It is not only the seller, but also the government of Spain that is interested in this, since recently there has been an increased interest of the state authorities in this kind of investment. This procedure works in all regions of Spain, including in such resorts as Puerto Banus, Marbella, Malaga, Andalusia, and the entire coast of the Costa del Sol. All residents of Spain engaged in such activities as renting, selling real estate, will maximally help their clients in the legal aspects of the transaction.