Do you need a license to sell property in Spain?

The habitation certificate is valid for ten years, after which time it needs renewing. If your property is brand new then it will have been issued as a first occupancy licence or Licencia de Primera Ocupación. … Many people find that when they come to sell their property they do not have this certificate.

What do you need to sell a property in Spain?

The Steps to Selling Property in Spain

  1. Appoint a Professional Real Estate Agency. …
  2. The Formal Offer and Letter of Intent to Reserve. …
  3. The Private Arras Contract (Contrato Privado de Arras) …
  4. The Public Purchase Sale Deed (Escritura de compraventa) …
  5. Capital Gains Tax. …
  6. Plusvalía Tax. …
  7. Mortgage Cancellation Fees (if applicable)

Do you need a real estate Licence in Spain?

To be a real estate agent in Spain, it is not necessary to be registered, have a license, or have a title, pass an exam, or have a real estate agent certification. Anyone can be a real estate agent, but not everyone will get good results in the exercise of their activity.

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Do I need a solicitor to sell my house in Spain?

Finding a solicitor in Spain

Although it’s not compulsory, you’ll probably want to engage the services of an English-speaking solicitor to oversee the sale and advise you on tax issues and so on.

Are Spanish estate agents regulated?

According to article 3 of Royal Decree-Law 4/2000 of June 23 and 10/2003, the trade or business of being an estate agent in Spain is not officially regulated and is an independent profession, meaning that you do not need a special license or degree to be an estate agent in Spain.

Do I need a Spanish bank account to sell a property in Spain?

You will need a bank account in Spain to pay the utilities invoices and the fees of the Community of Property Owners. In the case that you obtain finance to buy the property, you will also need a bank account for the mortgage monthly repayments.

How much tax do I pay when I sell my Spanish property?

Selling property tax: How much is selling property tax in Spain? When selling a property in Spain you need to be aware of the payment of Plusvalia and Capital Gains Tax. The payment of Capital Gains Tax is between 19% and 24% and Plusvalia would be a percentage of the sale.

How much do Realtors make in Spain?

The average pay for a Real Estate Agent is €30,426 a year and €15 an hour in Marbella, Spain. The average salary range for a Real Estate Agent is between €17,704 and €38,251. On average, a High School Degree is the highest level of education for a Real Estate Agent.

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How much do real estate agents in Spain make?

32.667 € (EUR)/yr.

What is the real estate commission in Spain?

Estate agents usually charge around 5% commission in Spain. The seller can deduct the Agency commission fee from his capitals gains tax. As a seller, you might want to ask the services the agency provides.

Do you have to pay capital gains when you sell your house in Spain?

This means that capital gains tax is one of the main taxes you will be charged if you sell your property (e.g. your house) in Spain. In countries like the UK, the CGT works independently. However, in Spain capital gains is integrated with the IRPF (personal income tax) in accordance with the Spanish tax system.

Is it a good time to sell a property in Spain?

According to an idealista/data analysis for the third quarter of 2020, the time to sell a house in Spain has increased to an average of 6 months due to the coronavirus pandemic. … In order to close a property sale and purchase transaction in Spain, a homeowner must know how long their home might remain on the market.

How much is Capital Gains Tax in Spain?

Capital gains obtained in Spain by non-residents without a PE are taxed at a rate of 19% when they are generated from transfers of assets otherwise they are taxed at the general NRIT rate of 24% (for residents of other EU member states or EEA countries with which there is an effective exchange of tax information, the …

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Are agency fees legal in Spain?

Fee for rental agency and legal fees for rental contract are for the landlord, but only if he is a juridical person, so a SL or a business. Unless of course the tenant has taken the initiative to engage the services of an agent to find him a property to rent.