Is this the suicide of foreign bought property in Spain?

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This topic contains 9 replies, has 3 voices, and was last updated by Profile photo of Anonymous Anonymous 7 years, 1 month ago.

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  • #55259
    Profile photo of Anonymous
    Anonymous
    Participant

    So lets see what additional headaches can appear after buying property in Spain in 2009 (even if the homework is made and any legal issue avoided)

    – one can be asked to pay taxes for a price dictated by auhtorities who do not believe that prices can fall from the ridiculous levels of 2 years ago.

    – one can be asked to pay thousands of Euros after recalculation of community fees.

    Of course one can go to court and pay hundreds of thousands of Euros to fight.

    But then again, why bother? A bargain would be spoiled by authorities who are going to ask for more money because they do not trust anybody. And then the community president will try to take advantage of the potential new sucker in town and shove some thousands on their throats…

    Question: is there any way to buy property in Spain without any post-buying headache?

  • #94738
    Profile photo of Fuengi (Andrew)
    Fuengi (Andrew)
    Participant

    @flosmichael wrote:

    So lets see what additional headaches can appear after buying property in Spain in 2009 (even if the homework is made and any legal issue avoided)

    @flosmichael wrote:

    – one can be asked to pay taxes for a price dictated by auhtorities who do not believe that prices can fall from the ridiculous levels of 2 years ago.

    as a general rule of thumb, the values the authorities give on properties are still substantially lower than sales prices. Even if the authorities think that based on their calculations you should have paid more, if you can prove the value is what you paid via proeprty valuations’ you don’t pay the extra

    @flosmichael wrote:

    – one can be asked to pay thousands of Euros after recalculation of community fees.

    they can ask all they want. If the administrator supplied a certificate on completion of the sale that the fees were paid up, then they can get [expletive]

    @flosmichael wrote:

    Of course one can go to court and pay hundreds of thousands of Euros to fight.

    can be done for 300€ in the extreme case that they think they stood a chance of beating you.

    @flosmichael wrote:

    Question: is there any way to buy property in Spain without any post-buying headache?

    of course.
    have you lawyer do the right checks, find out the valor catastrals to calculate the value the gov. is going to give. Make sure you see officail proof the the community/ibi/basura/etc… is all paid on the day of signing.

    If you use reliable people none of this will be an issue. You have just got to work out who these reliable people are.

  • #94739
    Profile photo of Anonymous
    Anonymous
    Participant

    @fuengi wrote:

    as a general rule of thumb, the values the authorities give on properties are still substantially lower than sales prices. Even if the authorities think that based on their calculations you should have paid more, if you can prove the value is what you paid via proeprty valuations’ you don’t pay the extra

    @flosmichael wrote:

    – one can be asked to pay thousands of Euros after recalculation of community fees.

    they can ask all they want. If the administrator supplied a certificate on completion of the sale that the fees were paid up, then they can get [expletive]

    @flosmichael wrote:

    Of course one can go to court and pay hundreds of thousands of Euros to fight.

    can be done for 300€ in the extreme case that they think they stood a chance of beating you.

    @flosmichael wrote:

    Question: is there any way to buy property in Spain without any post-buying headache?

    of course.
    have you lawyer do the right checks, find out the valor catastrals to calculate the value the gov. is going to give. Make sure you see officail proof the the community/ibi/basura/etc… is all paid on the day of signing.

    If you use reliable people none of this will be an issue. You have just got to work out who these reliable people are.

    What are the chances that a foreigner can beat the authorities in proving them wrong regarding the taxes?? They can invent all kind of ways to make ones life miserable…

    If one takes the community to trial (even for 300€), what are the chances that the windows will be smashed and rubbish will be put at your door during the time you are not there? I would better pay 2000 Euros and make sure that the community is protecting my apartment/house…

  • #94741
    Profile photo of katy
    katy
    Spectator

    Flos, I think you missed out a few things that can go wrong after sale:

    A legal property can be made illegal.
    Read on another forum today of a house breaking in two and falling down a hill.
    One can be asked to contribute to the costs of modernising old infrastructure (this seems to be the latest!)

  • #94742
    Profile photo of Fuengi (Andrew)
    Fuengi (Andrew)
    Participant

    @flosmichael wrote:

    What are the chances that a foreigner can beat the authorities in proving them wrong regarding the taxes?? They can invent all kind of ways to make ones life miserable…

    you have a valuation done.
    For example you buy for 200,000€, the gov. says its worth 300,000€. You get a valuation done and it comes out at 210,000. then another is done and the figure is based on that.

    @flosmichael wrote:

    If one takes the community to trial (even for 300€), what are the chances that the windows will be smashed and rubbish will be put at your door during the time you are not there? I would better pay 2000 Euros and make sure that the community is protecting my apartment/house…

    ??? they would have to take you to court. Which they would not as there is zero possibily of winning.
    in regards to vandals, etc… that seems a bit facetious. How could you stop any of this happening even if you were to bend over and pay this money?
    You are also expecting the rest of the community to pay this money, etc…

  • #94743
    Profile photo of Fuengi (Andrew)
    Fuengi (Andrew)
    Participant

    @katy wrote:

    Flos, I think you missed out a few things that can go wrong after sale:

    One can be asked to contribute to the costs of modernising old infrastructure (this seems to be the latest!)

    Really? did they give any more info on this?

  • #94744
    Profile photo of katy
    katy
    Spectator

    Happening in marbella, I know 2 people on different urbanisations. The community are in discussions with the Ayuntamiento who have fixed the figure at a million plus euro. Means that for an average villa on a 1000 plot the cost will be about 7000 euro at least. I thought it was just a local thing but I have read of a case in Valencia region and one in Murcia 😕

  • #94746
    Profile photo of Fuengi (Andrew)
    Fuengi (Andrew)
    Participant

    @katy wrote:

    Happening in marbella, I know 2 people on different urbanisations. The community are in discussions with the Ayuntamiento who have fixed the figure at a million plus euro. Means that for an average villa on a 1000 plot the cost will be about 7000 euro at least. I thought it was just a local thing but I have read of a case in Valencia region and one in Murcia 😕

    I have heard about similar things, where the promoter who was building houses on plots, etc… never built the correct access roads and now its for community of owners to pay up.

  • #94747
    Profile photo of katy
    katy
    Spectator

    In one Urbanisation the roads are all in place and good order but cables for utilities etc need renewing, would have thought the utility companies should do this but there you go!|This is an urbanisation fron the 80’s so could equally apply to many. Maybe another way of filling up the town coffers and creating some jobs?

  • #94766
    Profile photo of Anonymous
    Anonymous
    Participant

    @fuengi wrote:

    in regards to vandals, etc… that seems a bit facetious. How could you stop any of this happening even if you were to bend over and pay this money?
    You are also expecting the rest of the community to pay this money, etc…

    WEll, if one leaves the apartment empty for say 6 month/year than many bad thiongs can happen to it, right? If one is in good relations with the community, then maybe one can call from time to time the community and ask about things…

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