Welcome to Demo
Your window to Spain and Portugal
Our Services
We offer a customized multilingual service and support throughout the entire process.
Local expertise at the service of your real estate projects with dedicated professionals.
Our legal specialists are here to answer all your questions and ensure that your acquisition is carried out smoothly.
Benefit from an accurate valuation, an in-depth market analysis, and an effective marketing strategy.
FAQs
Spain
Before purchasing a property in Spain, it is essential to verify that the seller is indeed the owner by consulting the Property Registry. It is also important to ensure that no debts or encumbrances are attached to the property, as these obligations follow the property itself, not the owner. Finally, compliance with urban planning regulations is crucial, especially in rural areas where some constructions may be illegal.
In Spain, in addition to the purchase price, you should budget for an additional 10 to 15% in costs, including VAT or ITP (Property Transfer Tax), notary fees, registration fees, and legal fees. Furthermore, maintaining the property involves annual costs, such as property tax (IBI), community fees, and utility bills for water and electricity. If the property is part of a homeowners’ association (comunidad de propietarios), it is important to be aware of the associated fees and any planned works.
Before investing in real estate, it is important to analyze the trends of the local market to assess both its profitability and potential value appreciation. If the purchase is intended for rental purposes, it is necessary to check local regulations, as some cities impose restrictions on short-term tourist rentals. Finally, the ease of resale depends on several factors, such as location, market conditions, and the property’s attractiveness in the medium to long term.
Portugal
Before purchasing a property in Portugal, it is essential to verify legal ownership through the Certidão Permanente and ensure that there are no outstanding tax or mortgage debts by consulting the Câmara Municipal. It is also necessary to check the property’s urban planning compliance to avoid potential violations or restrictions.
In addition to the purchase price, acquiring a property in Portugal involves an additional 7 to 10% in costs, including IMT (Property Transfer Tax), Imposto de Selo (Stamp Duty), as well as notary and registration fees. On top of that, there are annual maintenance costs, such as IMI (Property Tax), condominium fees, and property upkeep expenses.
