Define Your Goals, Research Your Options
Given that buying a home is such a
big step, it’s all the more important for you to educate and prepare yourself as much as possible in advance. This means clearly determining why you’re buying and what kind of home you’re looking for. And because buying and financing a home are so closely related, it also means examining your current financial situation and projecting how much you can afford. Once you’ve answered these questions, even tentatively, you’ll be in a better position to research your housing and mortgaging options, as well as create an action plan and timelines for moving forward.
Be Aware Of The Cost Owning A Property
All property owners in Spain are liable to pay
three separate taxes every year. These taxes are: Annual Real Estate Tax (IBI), Wealth Tax and Property Owner’s Imputed Income Tax. If you are a resident, you are subject to personal income tax (including capital gains tax) and property tax (IBI). If you are non-resident, you are subject to personal income tax (including capital gains tax), property tax, plus an additional non-resident property tax. Personal income tax for non-residents only represents income from the property; income from salary is declared where you are a resident. If the property is for your own use, you must pay a certain percentage of your property; if the property is rented, you declare the amount you have received in rent.
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where its historic past is present in the streets which are alive with people and filled with opportunities of trying the local cooking. The same can be said for Altea, which is located in a bay in the shelter of the mountains. It is like a picture postcard with its white houses and the blue dome of its church shining in the clear morning sunlight.
A long beach of golden sand lies before the skyscrapers of Benidorm. Every year, millions of people arrive to enjoy its micro-climate, its kilometres of beaches and its infrastructures which are centred on leisure activities. The city is full of life and is one of the tourist epicentres of the Mediterranean. Passing through Villajoyosa and the brightly coloured façades of its houses, we arrive at Alicante, the 'City of Light', and capital of the province. Alicante has a wide offer of cultural and artistic activities waiting to be discovered. Between the sea and the city is the Explanada promenade, with its thousands of red, black and cream mosaic tiles, and if we pass though the old city centre we'll reach the castle of Santa Bárbara, from where we will have an incomparable panoramic view.
Following the coast, it is worth stopping off at Santa Pola, an old Iberian fort and currently an important fishing centre. Further south, amongst the marshes, the tourist resort of Torrevieja waits with its nostalgic émigrés. And at the other end of the Costa Blanca, Pilar de la Horadada welcomes lovers of nature in its purest state.
Inland, amongst the high mountains, fields and forests there are many surprising and varied villages and towns. In Elche,
Contact A Realtor
Buying real estate is a complex matter at the
best of times, given that there are so many
factors to consider and no two homes or
transactions are alike. However, with all the unique opportunities and potential pitfalls of the current market, it’s even more important for you to contact a realtor once you’ve definitely decided to buy. In choosing a realtor to guide you through the property search, financing, negotiation and transaction processes, you should consider their local market knowledge, experience and track record.
our senses will be stimulated as we stroll through the largest palm grove in Europe and experience its fiestas of the Misteri, both of which have been declared part of the World Heritage. And in Orihuela, you can discover its gothic, renaissance and baroque buildings.
The gastronomy on the Costa Blanca never fails to impress. Its rice dishes, fish and seafood, its fresh vegetables, fruits and exquisite wines go together to make an explosion of tastes and menus all based on the so-called Mediterranean diet.
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