Frequently Asked Questions

No more rainy and cold winters, in Spain you can enjoy more than 320 days of sunshine a year and an average annual temperature of 18°C. Olé! Both the sunshine and the typically Spanish relaxed atmosphere make you happier. Stress disappears like rain before the sun and boosts your quality of life. And if that is not convincing enough, the province of Murcia was declared the province with the cleanest air in Europe by the World Health Organisation.

Thanks to its healthy climate with mild temperatures, lots of sunshine and low humidity, complaints of rheumatism, gout and lung diseases are reduced. Moreover, with our Belgian health insurance you can easily visit doctors and hospitals.

Are you fed up with the low yield of savings books, the uncertainty of other investments and the low credit interest rates? Then investing in Spanish property is the solution! Thanks to the low Spanish real estate prices, spending the winter, living or renting out in Spain is an easy extra income.

Living in Spain is also a lot cheaper. Eating out, shopping and filling up the shopping trolley without any worries. Sí, por favor!

Finally, Spain is a "first world country" with a high standard of living and a politically and economically stable system.

In a nutshell: You invest not only in yourself, but also in your family and friends.

"How much will it cost us?", I hear you thinking. Let's take a look at it here: Notary and registration costs when signing the purchase contract, you should take into account about 3% of the purchase price as advance payment. The costs are estimated and charged by the notary. The amount will be corrected as soon as the property is finally registered. Three more tips for a smooth purchase: With the purchase of a new build or renovation project (purchase from an entrepreneur or VAT payer) you pay 10% VAT + 0.5 to 2% stamp duty (depending on the region). With the purchase of an existing property (purchase from a private person or person not liable for VAT) you will pay approximately 8 to 10% Spanish registration duty (ITP), again depending on the region. Registration in the land register (Registro de la Propiedad) will cost you 0.3 to 0.7% of the purchase price and the notary fee comes to 0.6 to 1%, also of the purchase price. That makes the total cost between 12 and 14% of the purchase price. Financing A total of 40 to 50% of the purchase price is financed by own resources. This is because banks finance a maximum of 60 to 70% of the purchase price and the 10% additional costs (transfer tax, notary and registration costs) are for your own account. Please note that a loan with Spanish banks runs up to the maximum age of 75 years. The total mortgage arrangement costs are around 3.5% of the mortgage amount. These costs include: arrangement fee, mortgage tax, notary and registration fee and valuation fee. Financing in Spain is usually based on a variable 'Euribor' interest rate; an interest rate at which the European banks lend to each other. The amount depends on the economic circumstances (economic growth and inflation rate). Tax number (NIE) It is compulsory to apply for a NIE (Numero de Identificación de Extranjeros). You can apply for this either at the foreign police station and have it stamped by your lawyer, or at the Spanish embassy in Brussels by means of a purchase contract. The cost of this is €150 and you need it for the deed at the notary's office and later for the tax return. Other costs and taxes There are a number of other costs that should not be overlooked. Contracts for utilities (electricity, water, etc.) Municipal taxes Possible joint costs for co-ownership Income and capital tax (depending on your assets and any income in Spain) Non-residents are obliged to appoint a tax representative. This can be either a private person or a company. For this it is best to appoint a specialised administration office. The cost for a standard declaration is €150. Would you like to receive your tax return and arrange all declarations and payments? We will be happy to help you with all this. With our knowledge and our connections in Spain and in Belgium, we have a lot of expertise at our disposal.

Immo ID Espana is an office where you feel at home. The only thing that matters to us is that you, our client, make the right choice.

The biggest difference between us and our competitors is that we stay involved, even after the sale. Do you still need some furniture to fill your new flat? Our honest opinion and good taste are included for free!

Thanks to the community of Immo ID Espana customers, you are never alone. We meet regularly in Spain to catch up and help each other. There is always someone who knows the answer to your questions.

A step-by-step plan so that 'overlooking something' is a thing of the past.

1. Introduction - our way of working is explained
2. Screening - your wishes are mapped out
3. Selection - suitable properties are sought
4. Viewing trip - on-site visit to some projects
5. Legal advice - a lawyer of your choice will be appointed*.
6. Reservation - the reservation contract is signed
7. Purchase contract - the purchase contract is signed
8. Deed of transfer - the deed is signed at the notary's office
9. After sales service - the things we can do for you are endless
10. Enjoy - this is the only thing you have to do alone...

*This step is optional and not necessary, but we recommend it.

No stress, you will be guided through every step above so you don't have to worry about the whole process.

STEP 1: GETTING TO KNOW YOU

Get to know us better and let us tell you how we work and especially how we differ from other agents. After getting to know us, you will know our vision and our philosophy. And you will know that we work in service of you, the buyer, and not in service of the builder or developer. We are more than just sellers of properties! We are 'property hunters' and search for the right property based on your wishes.

STEP 2: SCREENING

Would you prefer a flat? Or are you looking for a detached villa with its own pool? How many bedrooms and bathrooms do you need? Do you want morning or evening sun on your terrace? These are questions you should ask yourself in advance.

What is the purpose of your purchase? Are you looking for a permanent residence in Spain? Do you want a holiday spot that you will visit regularly or only very occasionally? Or would you prefer to rent out the property? Try to answer each of these questions so that you get a picture of your ideal country home!

Another important thing to consider when starting this process is the budget you have. Draw up a realistic budget and take extra costs into account (see cost overview). Not sure what you want? Make an appointment, and together we will find out what suits you best.

STEP 3: SELECTION

If you know exactly what you are looking for, together we will choose from the various projects of building promoters we work with. We only show projects with bank guarantee and of which we have already visited other projects ourselves. This way, we are sure that we are dealing with a reliable project.

We are happy to draw up a shortlist of properties that meet your expectations. This will save you a lot of time and you will receive tailor-made advice.

STEP 4: VIEWING TRIP

After deciding which projects you are interested in, we plan a viewing trip. This way you can find out what the property looks like, where it will be built and in which area it is located. Interested in a property that is yet to be built? No problem, we visit similar properties from the same builder.

The best way to get to know the area is to travel around with someone who knows the area. You will get a crash course in living at the Spanish coast in a few days.

STEP 5: LEGAL ADVICE

Once your decision to buy the property is made, you sign a reservation contract (Contrato de Reserva). Usually this is drawn up in Spanish with an English translation. Together with you we go through this contract, so there are no ambiguities and you will not be surprised.

A few days after signing the agreement, the first payment is made. This makes your reservation binding for the seller, after which he will take the property off the market. Suppose you want to take out financing for the purchase, then it is best to meet with your bank beforehand to have preliminary discussions.

Did you make a hasty decision and are you interested in another property? If it is from the same promoter, the deposit from the reservation can perfectly be transferred to another property. Not so? Then unfortunately you have lost your money. We are here to make sure that this does not happen.

STEP 6: RESERVATION

Once the reservation contract has been signed (or before if you wish), we will put you in contact with one of the law firms we work with. The appointment of a lawyer is not necessary but we strongly recommend it. This lawyer will analyse the sales contract before you pay a deposit. The lawyer always checks the bank guarantee provided by the client and, together with us, accompanies you through the entire process.

If you give your lawyer the necessary authorisation to arrange additional matters, you avoid having to travel back and forth several times. He will, for example, already request an NIE number (Número de Identidad de Extranjero). This is a fiscal number that you need to have in order to buy a property in Spain. Once you have received your NIE number, you can go to a bank and open an account.

STEP 7: SALES AGREEMENT

Three weeks after the reservation, a private contract of sale (Contrato Privado de Compraventa) is drawn up in which all obligations for both parties are stated. This contract of sale will be delivered to your home, but if you wish, it can be delivered to our office. Then we will go through this document together. If the house is still under construction, we will put the bank guarantee in order.

The signing of the purchase contract is accompanied by the payment of the advance.

The advance payment is variable and varies between 25 and 50% of the purchase price, depending on the progress of the construction.

For financial security, you do not pay the seller but your Spanish lawyer. He will do all the necessary research before any money goes to the seller. The cheapest way to arrange this is through your lawyer's client account. The costs can quickly mount up in other ways.

STEP 8: TRANSFER DEED

For existing homes, the transfer takes place within three months. The notary then enters the deed in the register. The length of the delivery depends on the stage of construction at the time of purchase. When the property is ready for delivery, a deed date is jointly agreed.

To complete the delivery procedure, you will be invited to the notary. The notary then checks and registers the property with the land registry. The necessary documents are put in your name and read out before being signed. The keys? You get them after payment and signing of the deed. Now you are officially the owner of a magical piece of Spain.

STEP 9: AFTER-SALES SERVICE

Most agents have their own after-sales service that follows up on everything. They explain the technical installations in your home and are available to answer all your questions. If you wish, we will be happy to take over this communication for you.

The period after the sale is just as important to us as the period before the sale. Here, too, we are always ready to answer all your questions. This way, all your worries disappear.

STEP 10: ENJOY

This last step is something you have to do yourself, but here too we can help you on your way. We can provide you with useful information about the region, fun excursions, cool cultural activities, tasty restaurants, etc.

Why live on Costa Blanca?

The Costa Blanca, also known as the White Coast, stretches across the province of Alicante in south-east Spain. It has been popular as a sunny and summer destination for years. Even in the winter months many Belgians, Dutch and Germans travel to the Costa Blanca.

With a 220 km coastline on the Mediterranean Sea, breathtaking green wooded valleys and impressive mountains, the Costa Blanca appeals enormously.

Why live on the Costa Calida?

The Costa Calida, or warm coast, is a 250 km long coastline in the province of Murcia. Small and narrow bays surrounded by palm trees and beautiful expansive white beaches on the wild sea, the perfect place to unwind. Many areas on the Murcia coast fall under the nature protection regime, leaving plenty of nature to discover.
In short, here you can completely relax and unwind.