La Cala de Mijas, on the coast of Malaga, is everything that life in the Mediterranean should be: beaches renowned for their quality, good weather all year round and walks along the shore any day of the week. Its Blue Flag beach is fantastic!
Here, everything revolves around the sea. Sports such as water skiing, paddle surfing or paragliding, beach bars and the promenade to enjoy the sunset with a tinto de verano, more than 12 kilometers of coastline… all with a town atmosphere that makes you feel always welcome. In addition, golf lovers are in luck, because Mijas has some ofthe most famous golf courses in the area, such asCalanova Golf, where the exclusive One Residences development is located.
And in the interior you will find the town of Mijas, an icon of the most traditional Andalusia, with its white houses, its cobbled and winding streets… a place where time seems to stand still. Our favorite plan is to go up to the hermitage of the Virgen de la Peña, carved into the rock, and enjoy the Mediterranean horizon from the viewpoint.
Well you’re in luck, because our exclusive One Residences development is only 5 minutes away from this little paradise. Why do we like it so much? Check it out:
One Residences homes are perfect for a new stage of life surrounded by nature and a Mediterranean breeze. This exquisite residential complex has only 77 luxury apartments, distributed in a vast complex of 17,200 m2. Here, sophistication translates into modern homes with delicate finishes designed for your comfort. All bedrooms are en-suite, and the master bedroom includes its own dressing room, shower and double sink. Kitchens are equipped with high-quality furniture with floor-to-ceiling cabinets, Silestone countertops, extractor hood, oven, microwave, built-in fridge/freezer, built-in ceiling extractor, induction hob, dishwasher and washer and dryer in laundry rooms. Bathrooms are also equipped and each apartment has two parking spaces and a storage room. As you can see, all you have to worry about is choosing the best seat on the terrace!
Because when you live on the Costa del Sol, enjoying the outdoors is a must. And doing so with panoramic views of the sea and the golf course from your terrace is an additional luxury. In addition, the spacious living areas with large windows open up to the terraces connecting the interior and exterior and creating a natural extension of the place. All the penthouses and ground floor apartments have their own swimming pool!
And if that is not enough, communal areas are the icing on the cake. Saltwater pool and overflowing pool, spa centre with Jacuzzi, Turkish bath, sauna and circuit with water jets, gym, gastrobar, children’s entertainment centre, private cinema, golf simulator, business centre and wine cellar, plus concierge service. The hard part will be choosing what to do in your free time!
And of course, location is essential. One Residences is located in front of the magnificent 18-hole Calanova Golf course and only 5 minutes from La Cala de Mijas, close to supermarkets, shops and all the services you need. You can also get to La Cala with the transfer by minibus exclusively for residents. Marbella is 15 minutes away and Malaga airport is 30 minutes away. There are plenty of reasons to fall in love with the Costa del Sol: its weather, its culture, its lifestyle, its gastronomy…
Tranquility, entertainment and Mediterranean life are synonymous with One Residences.
One Residences’ homes are progressing extremely well and we look forward to letting you experience for yourself what it is like to live on the Costa del Sol. If that sounds good to you, imagine being there!
We can already picture you enjoying the sunlight coming in through your windows and in the terraces with spectacular views.
If you feel up to it, you can visit us at our sales office. In any case, at Sonneil we want to make your life easier, so you can visit the One Residences website and contact us for any information you might need.
Canet de Berenguer is where the Valencian coast and the Costa del Azahar come together. With 1250 metres of coastline, more than 300 days of sunshine a year and an average annual temperature of 17ºC, Canet de Berenguer is a privileged municipality just 20 kilometres from Valencia.
What can we say about Canet? We will always fall short. Its fine and soft sand, the clear sea bed, the range of dunes… The beach of Canet de Berenguer has been awarded the prize for the best beach in Spain for two consecutive years, based on the votes of the viewers of Antena 3 Noticias, and it obtains the Blue Flag every year. It is one of the most spectacular beaches in the Valencian Community, we kid you not!
In addition, the Sierra Calderona and the Sierra de Espadán Natural Parks are ideal for hiking and quad biking. Canet is sure to win you over with its wide range of cuisine. Our favourite thing to do is to have some eggs and prawns after a walk in the port.
Living in Gran Canet Residencial is a privilege. Do you know why?
The first reason is the greatest luxury: to be a neighbour of the sea. Can you imagine waking up and feeling the breeze and the sound of the sea? The panoramic views from the terrace will welcome you to a new day and it will be hard to resist a morning swim. Only a short walk separates you from Canet beach. A quick coffee and then off to the water! All the homes in Gran Canet Residencial have terraces from 17 to 193m².
As if that were not enough, natural light is a guaranteed feature. On the Valencian Coast we have more than 300 days of sunshine a year. And believe us, it shows. The homes are designed so that the light reaches every corner. The spaces are wide and open. The living areas have been designed with large windows thinking about life looking at the horizon. They are perfectly connected to the terrace, and that indoor-outdoor connection allows you to enjoy the Mediterranean sea without moving from your sofa. Because the outdoors can also be found indoors!
In addition, in Gran Canet Residencial there is no room for boredom. Do you like spending weekends at the swimming pool? Or maybe spending afternoons at the spa? We would spend endless hours reading under the shade of the palm trees. You can choose from over 7,600 m2 of exclusive common areas with a gym, paddle tennis courts, garden areas, a beach-type entry to the pool and a children’s pool, a solarium, a multipurpose room, a spa with a sauna, water jets and hydromassage areas… and our favourite area: the exclusive terrace on the 20th floor, with a gastrobar area and an infinity pool. As you can see, Gran Canet Residencial is much more than a home!
And, as we know that everyone needs a different type of home, Gran Canet Residencial has it all: this exclusive complex consisting of 2 towers of 20 stories offers 36 different types of homes of 1, 2, 3 and 4 bedrooms adapted to any need. Independence, family life, a safe investment… And everything is designed for your comfort. The kitchen is equipped with designer furniture and top brand appliances, as well as a quartz worktop, an extractor hood and a glass-ceramic hob. All you have to worry about is picking out the next recipe! The bathrooms are also equipped with porcelain toilets, a non-slip shower tray and a fixed screen. The main bedrooms have their own bathroom and direct access to the terrace. You do not think that is good enough? There are also built-in wardrobes, hot/cold air conditioning throughout the house, underfloor heating in bathrooms, home automation installation… and each home has a garage and a storage room.
Last but not least, we know that Gran Canet Residencial is your place. Because it is just a few minutes away from the best beach in Spain, because in 25 minutes you can be in Valencia and enjoy its architecture and culture, or take a boat ride in the Albufera. And why not get to know Spanish olive oil up close? Not to mention the live music and the summer craft markets, the night of San Juan and its bonfires, the green areas, parks and recreation areas or days of sailing, canoeing or fishing in the yacht club. Canet de Berenguer is a symbol of fun, sport, tranquillity, nature and culture. A Mediterranean paradise to be discovered. We do not ask for anything else.
The construction works at Gran Canet Residencial are progressing and we are looking forward to letting you experience for yourself what it is like to live on the Valencian Coast. If that sounds good to you, imagine being there!
We can already picture you enjoying the sunlight coming in through the windows and the terraces overlooking the unique Mediterranean sea.
If you feel up to it, you can visit us at our sales office. In any case, at Sonneil we want to make your life easier, so you can visit the Gran Canet website and contact us for any information you might need.
We are so looKing forward to enjoying the Mediterranean again…! Breathing the sea breeze, more than 300 sunny days a year, listening to the sound of the waves and the mountains… We are already making plans to return as soon as we can, and what better way to do it than moving to Altea?
Living in Altea is a luxury. Stranded on the rock, this small town stands the test of time. Altea always has its place in the lists of the most beautiful towns in Spain, and its charm lies in its white facades and the way houses rise in front of the sea.
Altea is full of magic. Let yourself go and stroll up and down the cobbled streets of the old town, full of flowers and picturesque corners. Altea has a bohemian character that can be seen in its flea markets and craft shops.
Its beaches are not overcrowded and are ideal for relaxation and disconnection. And natural landscapes such as the Sierra de Bernia or the Sierra Helada Natural Park are the perfect option for hiking lovers. To build up energy, what better than going for a rice with beans and local octopus.
Altea is a small place, but you will be amazed at what it has to offer. 🏖
Solmarina in Altea Hills: sea and mountains at home
These are Solmarina homes in Altea Hills, one of the most special areas of Altea, surrounded by nature and well-being.
Any description of the views from Solmarina falls short. This is why it is the most exclusive area in the bay of Altea. On one side, the sea. On the other, the mountains. The views will make the terrace your favorite place. They are up to 53 square meters. Be careful, you run the risk of getting obsessed!
Exclusivity also means comfort. At Solmarina, you have both. Homes stand out for their excellent constructive qualities and their careful care in the finishes. In addition, bathrooms are equiped and the kitchen is furnished with low cabinets and upper shelves, quartz worktop, ceramic hob, oven, extractor hood and taps. There is also a ducted air conditioning installation. And all the homes here have a garage and storage room. As you can see, worries are les when living in Sol Marina.
We know that everyone needs a different kind of home, adapted to their needs and future plans. SolMarina complex consists of five blocks and you can choose between 25 homes -some of them on two floors- with 2 and 3 bedrooms, to live the life you are looking for. As a family, as a couple, a relaxed retirement… And for moments of rest, what better than the landscaped common areas and swimming pools for adults and children. Mondays are more bearable this way!
Why choosing, when you can have it all? At Solmarina, relax and fun go hand in hand. Altea Hills is the ideal place to breathe pure mountain air and get surrounded with greenery. And if you feel like moving, you will be on the beach in a few minutes, or in the Campomanes marina or the Altea Golf course… or having a good time in any of the local entertainment and dining establishments. Valencia and Alicante are about 100 kilometers away. Try and get on the road to be amazed by the landscapes of this part of the Mediterranean.
Do you know the best part? Solmarina homes are already built, so everything is ready to receive you. Forget about waiting. The keys to a new life are already looking for an owner!
When it comes to starting a new stage in your life, what better tan doing it in a luxury home in the bay of Altea?
We are looking forward for you to experiencing for yourself what it is like to live in the middle of nature on the Costa Blanca.
We can already see you enjoying the sunlight coming through the windows and the terraces with sea views.
If you feel like it, you can visit us in our sales office. Likewise, at Sonneil we want to make your life easier, so you can learn more by visiting our website and contacting us to have all the information you need.
If you don’t know how to get a mortgage in Spain, you will be so glad after reading this post! Did you know that the granting of mortgages in Spain is one of the most advantageous in Europe? This means that you can buy a property with minimum interest rates, and all this without the need to be a resident of Spain.
The mortgage legislation in Spain for the sale of property to foreigners or non-residents is one of the most advantageous compared to other European countries.
One of the main advantages has to do with the low interest rates of the transaction, as well as the flexibility to become an owner.
Exemption from payment of Stamp Duty
With the new mortgage law of 2019, mortgage holders have more advantages and flexibility, including the cancellation of associated costs such as registration fees or notary fees, among others.
Associated costs, such as Stamp Duty, are now the responsibility of the bank.
So, what do you have to pay in terms of associated costs? The fee for assessing the real value of the property, which varies between 300 and 500 euros, as well as the agreement fee, which is between 1% and 1.5%, depending on the bank. Although it should be noted that some banks are starting to assume these costs.
Low interest rates
Interest rates on mortgages in Spain are among the lowest in Europe. This has been the case for more than 30 years. 🙌🏻
Payment with foreign currency
If you come from a non-European country, the good news is that the mortgage payment can be made in any currency other than Euro. This also applies to UK citizens.
General guidelines for getting a mortgage in Spain
For foreigners in Spain, as a general rule, a maximum of 60% or 70% of the value of the property is granted.
To obtain 80% or more of the financing, it is necessary to demonstrate that you have lived in Spain for at least two years, having made the relevant tax payments.
As for residency, it is not necessary to live in Spain: you can buy a home even if you spend only a few days a year in the country. However, in the case of non-residents, the interest rate is higher.
If you want to know how to get a mortgage in Spain, today at Sonneil we have prepared a guide with only 6 steps to get your dream apartment on the beach. 🏖
1. Prepare the appropriate documents for the bank. The mortgage should be signed with the bank that offers you the best guarantees. To do this, prepare all the necessary documents such as your payment slip and the ones concerning income, existing liabilities and the taxes you pay. An official translation of each and every document is required, such as a copy of your passport or your income sources if you work abroad.
2. Receive the offer. The bank will then make you a personalised offer based on your situation. Please note that the first offer is not always the best.
3. Open an account to make your mortgage payment.
4. Compare and accept the offer. It is time to compare counter-offers with your bank.
5. Sign the final mortgage documents.
6. Contract additional services, such as insurance.
Do you want to have your place reserved in the Mediterranean paradise? At Sonneil we offer you apartments on the beach and we accompany you through the whole bureaucratic process, so that you don’t feel overwhelmed.
Our developments are designed to help you find the home you need, and all you have to worry about is enjoying yourself.
If you are thinking about buying property in Spain, it is important that you know what taxes are paid when you buy a house. Although the amount of taxes in Spain varies depending on the price of the property, it is advisable to take this into account before you embark on a purchase.
After all, the good life also has its formalities.
Buying property in Spain: taxes
They are not many, I promise. But they are very necessary. If you wonder how to buy real estate in Spain, start with getting familiar with this. These are the taxes that you will have to pay when buying property in Spain.
The Value Added Tax, or VAT (IVA, for its acronym in Spanish), is an indirect tax on consumption.
In 2020, the tax rate is 10% of the purchase price of housing and 21% for commercial properties and plots of land. A 21% rate is also applied if a certain number of properties is exceeded and not purchased in lots. For example, if you buy a house with two garages and a storage room, you will pay 10% of the overall price. However, if you add an extra garage or storage room to that lot, that property will be taxed at 21%.
This is a national tax, so it is the same wherever the property is located, with the exception of the Canary Islands, where it is 6.5%.
If a deposit is paid before completion of the sale, said deposit is also subject to VAT applicable at the time the deposit is paid.
If you are buying propery in Spain with a bank mortgage, then you will have to file this tax. It taxes the signature before a notary public and the inscription of the ownership of a property in the Land Registry. Good news: since 2018, this tax is paid by the bank that grants the mortgage. The tax rate varies depending on the autonomous community. In the Valencian Community, for instance, it is 2% of the price of the property.
Real Estate Tax
As they say, he that would have the fruit must climb the tree.
The Real Estate tax (or Property tax in Spain) will be paid once you own the property. It is a local tax that is levied on the ownership of a property, whether you are a resident in Spain or not. The tax rate varies according to the region where it is applied and is calculated based on the cadastral value of the property. The cadastral value is the administrative value attributed to the property, based on the value of the land and the construction. More good news: the cadastral value is usually lower than the price of the property.
Non-Resident Income Tax. Form 210.
When it comes to real estate in Spain and knowing what taxes are paid when buying propery, non-residents should take into account how to pay the Non-Resident Tax. This tax varies depending on whether the property is rented or not.
If you plan to rent the house and, therefore, receive an income, you must declare it and pay taxes on this income. The tax varies depending on to the circumstances. In many cases, you simply pay a tax of 25% of the income from renting the property.
If you are not planning to rent it out, the tax is paid according to the value of the property (25% of 2% of the cadastral value).
If you are a foreigner but resident in Spain, you will pay this tax according to the income obtained during the year.
Capital Gains Tax on property
Whether you are a resident or a non-resident, if you own property in Spain you must present the Capital Gains Tax on property. You will submit it as long as:
The value of the property exceeds 700,000 euros and the result is payable. The value of the property exceeds 2,000,000 euros, although the result is negative.
If it is your habitual residence, you only have to file it if it exceeds 300,000 euros.
Watch out!: The Capital Gains Tax on property in Spain changes on a regional basis. For example, in the Comunidad Valenciana, the minimum is 600,000 euros. Check out the corresponding legislation.
Come on, there is less left!
(Btw, maybe you are wondering “Is it good time to buy property in Spain?”. Yes, it is. Check this out).
Costs when buying property in Spain
In addition to the taxes you pay when buying property in Spain, it is also good to consider the additional costs that may arise.
Once the notary public has signed the deeds, it is advisable to register the purchase in the Land Registry. The cost of this procedure also depends on the price of the property. It usually ranges from 400 to 650 euros.
In the event that there is a mortgage, the bank that grants it is the one responsible for the payment.
Leave it to the experts. When it comes to drafting and signing the deed of sale, the work of the notary public is essential to ensure that it is well done. Some of the tasks of the notary public are to confirm the encumbrances on the property (if any), to check the distribution of the costs of the sale, to attest to the authenticity of the document…
Fees are calculated based on the price of the property and the complexity of the deed, the length, the number of copies, etc. If there is a mortgage, the bank that grants it is the one responsible for the payment.
When transferring money from abroad to Spain, transaction costs may arise, especially if you use a currency other than the Euro. The help of a currency exchange specialist can reduce these costs.
Please note: the bank also charges for issuing the bank transfer to pay for the property. Be sure of the costs!
Don’t be afraid of the fine print. You can count on the services of a lawyer who specializes in these types of contracts. The lawyer may represent you before the notary public, carry out procedures on your behalf at public institutions, handle your application for a Foreigner Identity Number (NIE), etc. Hire the services of a lawyer before signing any type of document or paying deposits.
They are independent professionals, so their fees are not regulated and usually vary.
When you apply for a loan at a bank, you will probably be charged a commitment fee. This is basically what you have to pay to the bank for applying for the mortgage. This amount is deducted from the money you are loaned and is usually between 0.25% and 3.00%. It is important to know that not all banks charge this fee. And, if they do, you can negotiate the percentage.
In addition to the commitment fee, we must not forget the life insurance and the home insurance, which will be deducted from the amount of the mortgage.
Keep in mind that you will have to pay a property valuation. Depending on the entity that values the property and the valuation of the property, this procedure usually costs between 250 and 800 euros. The valuation will be valid for up to 6 months from the date of issue.
Good! Now you know what taxes are paid when buying a house in Spain. Don’t let these formalities bother you. With the help of professionals, you will carry them out in the blink of an eye.
Buying a property is the biggest
investment most people will make in their lives. Buying one abroad is an even
bigger undertaking as it involves navigating a foreign legal and financial
terrain. It is normal to feel daunted by the task, but like anything in life,
the better prepared you are going into it, the more likely you are to make a
success of it. That being the case, Sonneil has compiled a list of important
things to consider when buying a house in Spain.
Location, location, location
A house gains in value if it is
located in an area with high
quality schools and with good communication and transportation routes to the main
urban centers, so be sure to ask about these local amenities. It’s a good idea
to ask about future development plans pending approval as these may affect the
house or its surroundings, and find out as much as you can about how much other
properties in the area have sold for recently.
Viewing the property
When visiting the your prospective
property purchase take note of things like the orientation of the house,
ventilation of the bathrooms and kitchen, the state of the electrical
installation, the arrangement of partitions and doors and the ambient noise
levels outside. Take photos and write down your observations in a notebook to
better remember the property after you leave. Ask the seller about the
building’s energy efficiency rating. Choosing a home with an A rating in terms
of its energy efficiency means an estimated saving of 89% compared to an F
rating, thus allowing you to save money while you save the planet.
The purchasing process
The deposit agreement
Once you’ve chosen your new home
and are ready to start the process of buying it, then the legal and financial
considerations come to the fore. This starts with the signing of the deposit
agreement. The deposit is usually around 10% of the cost of the house. Once the
agreement is signed you take on the rights and responsibilities of a buyer. If
you later decide not to go through with the transaction, you will lose this
deposit but if the seller cancels the sale, they will have to return the
deposit to you.
The title deed
Next is the signing of the title
deed. This part of the buying process must be done in front of a notary with
both the buyer and seller present. The deed must contain a description of the
property as well as explaining any mortgages or charges on the house, the final
sale price agreed and how it will be paid, plus the taxes and expenses related
to the sale.
Taxes and other charges
The main taxes to be paid are the
property transfer tax (“Impuesto de Transmisiones Patrimoniales” or
ITP) and VAT. Other expenses include notary costs, the payment to add your name
to the property register and any costs related to the mortgage.
In the end, the total taxes,
charges and expenses represent around 8% to 13% of the purchase price,
depending on the autonomous community (Spanish region) in which you are buying.
If you have reached this far in the
process, then congratulations, you are the proud owner of your own Spanish property!