Inland there is a rich artistic heritage to be explored. Catalonia (Costa Blanca or "wild coast") has several spectacular monasteries, especially Montserrat, its spiritual heart and Poblet. There are also many medieval towns such as Montblanc, Besalu and Girona which contain a wealth of monuments and museums. In the countryside there is a lot to view, from the wetland wildlife of the Rio Ebro delta to the vineyards of Penedes, where most of Spain's sparkling wine is made.
For the divers
amongst us L'Estartit now form a marine reserve with clear waters
perfect for skin and wetsuit diving. All in all a perfect area
for those who would like a choice from unspoilt untouched to the
more built up areas of the coast.
Buying Property in Spain
a Spanish property will normally be contained in a private contract
with a deposit of around 10% payable which is binding by law. It
is possible to agree a contract where either party may change their
minds at a financial cost. The private contract should contain
details of the agreed deposit payment, purchase price and details
for payment of the outstanding balance of the agreed buying price
plus any additional extras and your intended completion. A Notary
will prepare the official contracts and make sure it complies with
Spanish regulations. If there is common ownership a Community of
Owners must be established through which community charges can
be shared. If your property is contained in an apartment block
then the law will relate to the Horizontal Division and this should
be clarified, especially in new developments. Any property sale
or purchase in Spain should be registered in the Land Registry
and its important to make sure any relevant taxes are paid before
this is done.
would expect to pay a total of around 10% of the purchase price
for realestate in Spain. This could include Stamp duty, charged
at 7% of the official selling price (4.5% for the Canaries), and
0.5% for contract documents Land Registry is charged against a
rateable table held by local authorities. There will also be a
tax on the increase of the land your property lies on since it
was last sold and should be paid by the vendor. Notary fees will
also be included in the total costs.
your Spanish property taxes will be based on the official price
registered, not on selling prices and you would expect to pay under
1% annually, plus additional service taxes set by the local authority.
Wealth tax charges apply for residents after 17m ptas of net assets;
if you donít apply for residency you could be charged tax for all
your net assets. Rate varies from fractions of a percent to over
2% depending on net assets. Click
Here for more info.
Spanish lenders will allow you to borrow against Spanish property and can usually be arranged in most major currencies normally over terms of up to 15 years, with exception of 25 years at up to 80% of the buying price.
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