In addition to the property tax, other costs to take into account when buying an apartment in Spain are the annual maintenance fees and utility bills. These will be determined by the size and location of your property. For example, if your apartment is in the heart of the city you will have higher utilities bills than if it was in a more rural area.
If you are planning to rent your property, there will also be additional fees that you need to take into consideration such as the tenant s deposit, the agency s fee and the management contract. It is important to work with a professional real estate agent who can help you through the process and ensure that everything is done legally. They will carry out the due diligence on the property, assist you in obtaining your NIE and represent you at the notary and in public identities. They will usually charge around 1%+VAT of the purchase price.
Providing a full range of professional and reliable property management services for non-resident owners of apartments, villas, townhouses and commercial properties in the Costa del Sol and Malaga region of southern Spain. Suncoaster HomeCare gives you peace of mind that your overseas property investment is safe and in good hands with a fully comprehensive service that includes cleaning, repairs, renovations, rental management and more. Property management costa del sol