{"id":211784,"date":"2019-10-29T21:03:33","date_gmt":"2019-10-29T21:03:33","guid":{"rendered":"https:\/\/tenerifecenter.com\/info\/registration-of-real-estate-transactions\/"},"modified":"2023-03-13T17:26:48","modified_gmt":"2023-03-13T17:26:48","slug":"poryadok-oformlennya-ugod-z-neruhomistju","status":"publish","type":"page","link":"https:\/\/tenerifecenter.com\/uk\/info\/poryadok-oformlennya-ugod-z-neruhomistju\/","title":{"rendered":"\u041f\u043e\u0440\u044f\u0434\u043e\u043a \u043e\u0444\u043e\u0440\u043c\u043b\u0435\u043d\u043d\u044f \u0443\u0433\u043e\u0434 \u0437 \u043d\u0435\u0440\u0443\u0445\u043e\u043c\u0456\u0441\u0442\u044e"},"content":{"rendered":"<p>\r\n    Property in Spain <span>can be bought<\/span> by both <span>residents<\/span> and <span>non-residents<\/span>,\r\n    all have equal rights in this respect. The list of properties to choose from is huge,\r\n    that\u2019s why it\u2019s so important to select the right property that fits all client\u2019s requirements and preferences.\r\n<\/p>\r\n\r\n<h2>Property transaction steps:<\/h2>\r\n\r\n<ol>\r\n    <li>\r\n        <span>Choosing a property<\/span> is the most important starting step.\r\n        <span>VYM Canarias<\/span> team will help you to choose the best option that will include all your\r\n        preferences.\r\n    <\/li>\r\n    <li>\r\n        <span>Reserve the property<\/span> \u2013 this is done once you\u2019ve chosen your ideal home,\r\n        by means of signing a private contract that reserves your right to a purchase,\r\n        and paying a reservation deposit that later will be deducted from the purchase price.\r\n    <\/li>\r\n    <li>\r\n        <span>Open a Spanish bank account<\/span>\r\n    <\/li>\r\n    <li>\r\n        <span>Obtain an NIE number.<\/span>\r\n        This is done in the local police station.\r\n    <\/li>\r\n    <li>\r\n        <span>Sign a deed at the notary<\/span> \u2013 the deed is signed by both the seller and buyer before the Notary.\r\n        The keys are usually handed over at the moment of deed signature. Once the sale and purchase contract is\r\n        signed,\r\n        the Notary sends a fax to the Property Register informing it of the transaction.\r\n    <\/li>\r\n    <li>\r\n        <span>Change all utility bills and taxes<\/span> into the new owner\u2019s name\r\n    <\/li>\r\n<\/ol>\r\n\r\n\r\n<h2>Costs and legal fees:<\/h2>\r\n\r\n<table>\r\n    <thead>\r\n    <tr>\r\n        <th>\r\n            <p><\/p>\r\n        <\/th>\r\n        <th>\r\n            <p>New property<\/p>\r\n        <\/th>\r\n        <th>\r\n            <p>Existing property<\/p>\r\n        <\/th>\r\n    <\/tr>\r\n    <\/thead>\r\n\r\n    <tbody>\r\n    <tr>\r\n        <th>\r\n            <p>No mortgage contracted<\/p>\r\n        <\/th>\r\n        <td>\r\n            <p>*IGIC \u2013 <strong>7%<\/strong><\/p>\r\n            <p>*Notary, registry and stamp duty \u2013 approx.\r\n                <strong>2000\u20ac*<\/strong>\r\n                transmission tax <strong> \u2014 1%<\/strong><\/p>\r\n        <\/td>\r\n        <td>\r\n            <p>*Transmission tax \u2014 <strong>6,5%<\/strong><\/p>\r\n            <p>*Notary, registry and stamp duty \u2013 approx. <strong>2000\u20ac<\/strong><\/p>\r\n        <\/td>\r\n    <\/tr>\r\n    <tr>\r\n        <th>\r\n            <p>Mortgage contracted<\/p>\r\n        <\/th>\r\n        <td>\r\n            <p>*IGIC \u2013 <strong>7%<\/strong><\/p>\r\n            <p>*Notary, registry and stamp duty \u2013 approx. <strong>2000\u20ac*<\/strong><\/p>\r\n            <p>Bank commission for opening a mortgage \u2014 1%<\/p>\r\n            <p>Possible bank products \u2013 life insurance, home insurance, funds \/ deposits, evaluation of property<\/p>\r\n            <p>transmission tax \u2014 1%<\/p>\r\n        <\/td>\r\n        <td>\r\n            <p>*transmission tax \u2014 <strong>6,5%<\/strong><\/p>\r\n            <p>*Notary, registry and stamp duty \u2013 approx. <strong>2000\u20ac*<\/strong><\/p>\r\n            <p>Bank commission for opening a mortgage \u2014 1%<\/p>\r\n            <p>Possible bank products \u2013 life insurance, home insurance, funds \/ deposits, evaluation of property<\/p>\r\n        <\/td>\r\n    <\/tr>\r\n    <\/tbody>\r\n<\/table>\r\n\r\n<p>The description of the property is indicative and some data may vary.<\/p>","protected":false},"excerpt":{"rendered":"<p>Property in Spain can be bought by both residents and non-residents, all have equal rights in this respect. The list of properties to choose from is huge, that\u2019s why it\u2019s so important to select the right property that fits all client\u2019s requirements and preferences. Property transaction steps: Choosing a property is the most important starting [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":445604,"parent":211780,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-211784","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The procedure for registration of real estate transactions in Tenerife<\/title>\n<meta name=\"description\" content=\"Planning to buy property in Tenerife (Spain)? The procedure for processing transactions: instructions from VYM Canarias. 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