Are you familiar with the property buying process in the Costa Cálida?
11 March

Are you familiar with the property buying process in the Costa Cálida?

Buying properties on the Costa Cálida is a straightforward process, provided you have the right guidance. Here are the steps you need to follow:

  • Search for the property that suits your needs and preferences.
  • Reserve the property and sign the earnest money contract. Once you have chosen the property you want to buy, you must reserve it by paying a deposit. This guarantees that the property will not be sold to another person and that the price will not change. Additionally, you must sign the earnest money contract, a legal document that establishes the conditions of the sale and the deadline to formalize it.
  • Obtain the NIE and open a bank account in Spain. The NIE (Foreigner Identification Number) is a mandatory requirement to buy a property in Spain. You can apply for it at the police station or at the Spanish consulate in your country. It is also necessary to open a bank account in Spain, where you must deposit the money to pay for the property and associated taxes.
  • Sign the public deed before a notary and register the property. The last step is to sign the public deed of sale before a notary. At that moment, you must pay the remaining price of the property and the corresponding taxes, which vary depending on the autonomous community, the type of property, and the cadastral value. Finally, you must register the property in the Property Registry, which is the body that certifies your ownership of it.

Buying properties on the Costa Cálida: Spanish legislation

Buying properties on the Costa Cálida is subject to Spanish legislation, which is different from that of other countries. Therefore, it is important that you know some legal aspects that may affect your investment. Here are some documents that the seller must provide you with before signing the purchase contract:

  • The energy certification. Document indicating the level of energy efficiency of the property. It informs you about the energy consumption and CO2 emissions of the property.
  • The habitation certificate. Certifies that the property meets the minimum habitability conditions according to current regulations. It guarantees that the property is suitable for habitation.
  • The first occupancy license. Certifies that a newly constructed property meets the urban and technical requirements established by the municipality. It ensures that the property is completed and legalized. Additionally, it is essential for obtaining the habitation certificate and contracting water, electricity, and gas services.

What services does Cálida Homes offer you when buying properties on the Costa Cálida?

At Cálida Homes, we want your experience in buying properties on the Costa Cálida to be as satisfactory as possible. That's why we offer you the following services:

  • Personalized advice.
  • Comprehensive management.
  • Customer service.
  • Experience.

Don't miss this opportunity to enjoy a privileged climate, wonderful beaches, spectacular golf courses, and delicious cuisine. Contact us and we will help you with the purchase of properties on the Costa Cálida.

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