Estate Agents in Murcia
Hartland Property Consultants & Property Brokers
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We founded the company in 1986 and moved to Spain in 2002
We set-up our company to assist U.K. and European people who are considering the purchase of property in Spain, to remove any stress and strain involved and to assist you wherever possible.
We work with a number off Spanish Estate Agents to find the right Property or Properties for your requirements.
We deal with everyone on a personal and one to one basis therefore you need never be worried or concerned.
Our group of colleagues, who speak English, and of course Spanish are always on hand.
On your initial visit we will arrange suitable accommodation for the duration of your stay, show you properties within your price frame (this we must be advised of in advance to help us create an itinerary structured to your individual requirements) in a variety of locations i.e. near the beach, a golf course or in the mountains.
Should you wish we can introduce you to a British bank manager with the Royal Bank of Scotland working in the Santander Central Hispano Bank in La Manga who will assist you with all your financial requirements.
Also there are many English speaking lawyer who will allay any legal worries involved both commercially and personally.
If you wish to rent your property we can arrange for some one to assist you with and arrange everything for you, from collecting rent and paying bills to cleaning and gardening.
Should you wish any works carried out we can also organise this either with you or on your behalf.
We would quite literally be the only stop you need make and can trust with this very important venture.
Give your self a chance to find some sun Independent Traveller - Refund of your expenses
You may wish to make your own arrangments without the strain of an Inspection trip.
We will show you the properties and if you decide to buy through Hartland Property Consultants. we will refund your expenses,
Three reasons to buy property in Spain
1. Healthcare – Spain has been listed in the top 10 best rated healthcare systems in the World. Meaning you will receive better attention and care than offered in the U. K.
Not only that but areas such as the
Costa Calida & Murcia region are renowned to offer a better all round lifestyle
for those with ailments such as asthma, breathing difficulties or skin
complaints such as eczema – with life expectancy in Spain a lot higher than that
in the U. K. mainly due to lifestyle, climate & diet
2. The Cost of living
in Spain is so much lower than that of the U. K. Typically property is
cheaper, local rates & taxes are cheaper, and of course the general lifestyle
purchases( such as food, drinks, shopping etc is also a lot lower)
General example of family of four living in rural Murcia
• Council tax equivalent per year
€85.00
• Water rates (per year) €180.00
• Electricity (per year) €850.00
3. Climate – it is well known than Spain is the hottest country in Europe – and there is nothing better than waking up every morning to bright sunshine and cloudless skies instead of cold, wet grey mornings!
Buying property in Spain
Contracts
Preliminary Contract - In same cases, the property can sell very quickly, perhaps because is especially attractive, or it is extremely well priced. As a result of this, it is very often that you will be asked to sign some a document to confirm your interest. There are various types of preliminary documents- these include:
Offer to Buy - A formal written offer from the potential buyer to the potential seller. It will state that the potential buyer wish to buy the stated property for a stated price and that he will complete the transaction within a stated period. The offer will normally be accompanied by the payment of a deposit to the estate agent or seller.
Reservation Contract - A written document in which the seller offers to take a stated property off the market for a fixed period and to sell it at a stated price to a stated person at any time within a stated period. The seller will usually require that the potential buyer pay him a deposit. Once he has received this deposit the seller must reserve the property for the buyer until the end of the period specified in the contract. If the potential buyer does not go ahead, they can lose the deposit. If the seller refuses to go ahead the buyer is entitled to claim compensation.
Full Contract - A full binding commitment to buy the property. It is the most common type of document and it is called “Contrato privado de compraventa”. It is an agreement that commits both parties. The seller must sell a stated property at a stated price to a stated person on the terms set out in the contract. The buyer must buy. Remember that under Spanish law by signing and completing this contract you become, in some senses, the owner of the property, though you will need to sign a deed of sale (escritura) and register your ownership to be safe as far as third parties are concerned.
Common terms
Escritura - The title document proving who the owner of the property is and containing a detailed description of the property itself. It is, under Spanish law, necessary for the Escritura to be signed before a Spanish Notary Public.
Notary - The Notary is a
public official who put on the public record the fact that the title deed
recording the sale/purchase has been signed in his presence and understood by
the parties concerned. The function of the Notary is not to advise or to protect
either your interests or the interests of the person selling the house.
When the Escritura is signed in front of the Notary the purchase price must be,
in his presence, handed over to the person selling the property or the seller
must confirms that the money has already been handed over. Proof of such payment
must be then incorporated into the title deeds of the property.
Buying property in Spain
Fees and Taxes - In Spain when a property transaction takes place, as in any other country taxes and fees have to be paid at completion. Failure to do so means that registration of the Escritura at the Property Registration cannot take place. The fees & taxes you should expect to pay are as follows:
Notary's fees - The Notary's fees for the execution of the Escritura are fixed by a sliding scale established by law.
Land Registry's fees - For the registration of the Escritura at the Land Registry, again a sliding scale is applicable dependant on the purchase price. In accordance with Spanish law the Land Registry’s fees must be paid by the seller.
Commissions - The seller will have an agreement with an agent or agents to pay them a commission upon completion of a sale to a client that agent has introduced, the commission the vendor has to pay will always be reflected in the final negotiated purchase price.
Transfer Tax or VAT - If the seller is a private individual and not a property developer, the sale is subject to a transfer tax (“Impuesto sobre Transmisiones Patrimoniales” – ITP) at the rate of 7% (“Comunidad Autonoma de Murcia” and “Comunidad Valenciana”) levied on the purchase price as declared in the Escritura (Article 11.1.a) LITP-AJD). If the seller is a company or developer, the sale is subject to a VAT (“Impuesto sobre Valor Añadido” - IVA) at the rate of 7% (Article 91.1.7º LIVA) will be levied on the purchase price plus a stamp tax at the rate of 0,5 or 1% (Article 31.2 LITP-AJD)
Plusvalia Tax (Impuesto
sobre el Incremento Del Valor de los Terrenos de Naturaleza Urbana) - This is a
municipal tax on the increase in urban land value; The Plusvalia is based on the
assessed increase in the official value of the property from the date of the
previous sale to the date of the current sale. The amount payable varies widely
since it is based upon the assessed increase in the land's value and the lapse
of time since the prior transaction. The amount payable also depends on the
location of the property and the applicable scale.
In accordance with Spanish law the Plusvalia Tax must be paid by the seller.
Capital Gains Tax - This must not be confused with the above-mentioned Plusvalia Tax, as it is not based on the official value of the property like the Plusvalia Tax, but on the real value. The Capital Gains Tax is based on the increase in the purchase price and the sales price.
There are many obligations to fulfill throughout your purchase in Spain and we would always recommend that you appoint a Spanish lawyer to represent you throughout
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