propertysotogrande.es

Amid the turbulence of the past year or so, we can hardly blame you for yearning for a bit of escapism – and for many people lately, this has centred on what may have been a long-held dream of theirs to buy a property in Sotogrande . But if you’re browsing your Sotogrande property options on an online listings portal like Property Sotogrande, it’s crucial to be mindful that the headline property price won’t be your only expense. In fact, you can expect the taxes and other costs associated with buying a house in Sotogrande to effectively add about 12% to 15% to the purchase price. These further costs aren’t necessarily “hidden” costs as such, but they’re certainly ones you should be making yourself fully aware of before entering the Costa del Sol property market. So, what are some of these specific extra costs that can be so easily overlooked? Will you be paying VAT and stamp duty, or Transfer Tax? While a lot of the additional expenses incurred during a Sotogrande property p...

Let’s share some great news first: it’s absolutely possible for people who aren’t residents of Spain to obtain a mortgage for a property in Sotogrande or elsewhere in the country. It can, however, be more challenging to obtain a suitable mortgage deal if you are a non-resident, not least as some Spanish banks outright refuse to lend money to those who pay their taxes outside the country. Many other lenders, however, are happy to cater to the needs of non-residents seeking a mortgage for Spanish property. Indeed, various dedicated ‘non-resident’ mortgages are available.What are the key differences between resident and non-resident mortgages in Spain? In a nutshell, if you are a non-resident of Spain seeking a mortgage for a property purchase in the country, it’s likely that the deals available to you won’t be attractive as those you would have been able to access if were a resident. One key difference is how much you will be permitted to borrow. Most Spanish banks that you approa...