Reply To: Naive couple want to buy a house in Spain!



I thought it was 5 years to catch you……… something on papers if get a nota simple……..

The other thing is that many under declarations….. aren’t really, well NOT to the extent one may think. Vendor sells for 100k, will declare 80 ( many lawyers will advise 80% is safe margin!!!) but greedy agent sells for 120k (or more!!!). greedy and stupid buyer goes for it, saving 7% on 40k, but he’s NOT ………only on 20, cos commissions etc, are not part of purchase price. But this black money, is also how and why many agents get away with the large (extortionate) commisiions/mark -ups, which I have seen as high as nearly 200% mark up!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!