Having met Andy and Helen a few times also searched with them for property in Torrevieja. I can honestly say you are in great hands, they are extremely professional / no pressure tactics. They are lovely people too - ❤❤❤ See you soon guys 🎉
From how we understand everything Helen and Andy, this is so accurate. The information you have helpfully offered is invaluable for people who are serious about making the move. Thank you for your professionalism.
Wow, what a great presentation! You've really got yr head screwed on wonderfully. I would come to you first when ready 😊. Thanks for this & I've subscribed.
It took me a few views to get through it but I thought it was first class and really a must for prospective purchasers. We rushed the viewing process too but 2 years on we have a nice reformed townhouse. We got caught with the cadastral value a week before completion, luckily we had the extra 3000 euros but it did hurt at the time. The only thing I think was missing(but I may have missed it) was the ability to buy your currency forward for up to a year if the rates are good.
Thanks for watching. Various money companies have different deals on and work slightly different to each other. Buying it forward at a good rate can have penalties if you don't complete the transfer, though. You can also get them to contact you when the exchange rate reaches a predetermined value you agree on... thanks for watching.
Hi Helen and Andy That was very helpful, I didn't know how complicated it could be buying a place. Legal help is definitely essential. Look forward to more similar vlogs
Great video, very informative. Thanks for the taking the time/effort to make it. Looking forward to the rest of this series of videos. Will definitely use Casas Espania when we r ready to buy. Thanks Stephen
Primera vez wue veo este canal, me ha gustado mucho sus explicaciones, inspiran confianza. Todo bien aclarado y de forma honesta. Cuando compre algo en España, lo haré con ustedes!!!!
Just stumbled on your channel. Enjoyed that, good info and although we are not looking to buy in Spain now brexit has messed it all up. You have explained stuff that we weren't really aware of. Thankyou all the best.👍
Wow! So much great information! I learned a lot so thank you! I just wish there wasn’t so much background noise ie. people talking, it was very distracting! This was at the 18:18 minute + mark of the video. I will definitely subscribe. Thank you!
Wow, you guys are amazing, you have put so much work into this video with every fine detail possible. Really looking forward to your video on visas particularly the golden visa and also issues with inheritance tax. Well done guys 👏👏 we have met you once before in Torrevieja but will be seeing you in May at the meet up 😊
Hi , I have a question please : Could you compare the 'urbanization'to a 'gated' community with a guard by the entrance ? This was a very helpfull video! Thank you 😉
Hi. A community and an urbanisation are really different due to size. An urbanisation could have different communities within it and also amenities like shops, restaurants, doctors surgery etc. an urbanisation also does not have a president and specific rules put in place by a committee. I suppose an urbanisation is a little like a village, hamlet or suburb. A community is a smaller group of properties with a committee of owners which has community rules in place. It can have communal facilities like swimming pools, gardens etc. A community will have community fees in place to be paid each year towards communal amenities. An urbanisation won’t (unless you’re in a community within an urbanisation). Both communities and urbanisations can be gated but not all are, and not all gated communities/urbanisations have security guards. Hope this makes sense.
Morning Andy&Helen, I was looking for the name of of the Money Transfer people you recommend but cant seem to find the link. I am wanting to get an account set up before we fly out. Thanks. MD
Hi Andy & Helen, I also was looking for the name of of the Money Transfer people you recommend but cant seem to find the link also. We are buying a house in La Siesta and hope to complete in April. Regard's Dave
i tryed to work out the non residents tax.not sure i got it correct.im hoping to buy a property of £70000. i worked out 2% of that is £1400 and that multiplyed by 24% is £336.00 that doesnt sound alot.is that correct?
Also, you need to submit the forms for each person who appears on the property deeds and each person is responsible for their percentage of the tax. So if 2 of you own the property you’ll be responsible for 50% of the tax amount each.
@@britslivinginspain just me🤣 ok great thankyou.do i have to have a tourist license to be able to rent the property out? if im gonna be taxed regardles if i do or dont i may aswell look into it.
Hi. If rented out: short term, you need a tourist license and pay 24% tax on EVERY BOOKING. If long term, be advised as soon as tenants move in they have the right to stay in the property for upto 5 years... (but you don't need a tourist license for that)- we'll ask our accountant that is helping with the videos on visas etc. to cover taxes in one of the videos...
@@britslivinginspain when I come over to Alicante I will visit you to view properties if that is okay. It will be in about 3 to 4 weeks time. Thank you
Hi. Thanks for watching- there are contact forms for us for different purposes on our website (property mailing list, currency exchange, general contact etc. On our website- www.tdotandco.com (that way we will deal with you directly with any enquiries or requirements you have and can assist directly with us, as opposed to others in the office)- Thanks for watching 👍- Andy
hi. a lot different from bying a property in sweden (a lot simpler). we bought otur apartment in Quesada by a swedish agent and they did all the paperwork needed. great show by the way.
I guess now, when property market is a bit softer that earlier, one should at least to try to negotiate the price also for a new build property. Btw, what Spanish bank would be a good choice for a foreigner, do they all have internet bank in English and so on?
Hi. You can always try an offer on a second hand property but at the moment demand out weighs supply so be realistic and don’t expect a big discount. On new build properties you will not get ANY reduction in price, the price is non negotiable. The cost of building materials are constantly increasing and so are the prices of the new build properties.
Hi. It’s 100% a sellers market at the moment and there a lack of resale properties available. This has pushed the prices up and making it less likely that sellers will actually consider offers at all. That being said, I’d still try an offer to start with, maybe 5% but be prepared to pay asking price if it’s somewhere you really want. Hope this helps.
Hi, I just purchased an apartment in playa flamenca. After watching your video, I'm interested in who you would recommend to do the transfer of the funds for the purchase, I have searched your channel for the form mentioned but can't find it, can you send me a link please. Regards Davie
Thanks for watching 👍 the contact form is here (we can ask them to get in touch with you directly- they're not pushy like a lot of them) www.tdotandco.com/buying-property-in-spain/money-exchange/
Great video! Very informative and thorough. I have a question. For buyers who do not live in Spain but buy as a holiday home and not a primary residence and can only use the property for 90 days at a time (Schengen rules) and it will sit empty for months at a time. Is it safe leave it empty for months at a time? Are there companies that will look after your property for you while you’re not there? Thank you.
Hi. There are key holding companies who will Taylor packages to your specific needs. Also, you can have alarm systems fitted, security grills to windows etc. I would also recommend maybe putting lights on a timer so that it looks like someone is home. Generally speaking there is not a massive issue with squatters but it is something that rears its head occasionally and needs to be considered. Thanks for watching and the comment!
If you're resident in Spain and want to sell in order to buy somewhere else, I presume there's no capital gains tax?....I'm assuming capital gains tax is only applicable when your Spanish property is your 2nd home?....
Hi. Capital gains tax is always applicable if you have made a profit gain when you sell a property regardless of residency status, and is taxed as a percentage on the gain made. However, if you are going to reinvest the full capital from a sale in to a new property purchase it is often possible to offset capital gains tax. There is an annual tax to pay on second homes if you are resident but this is different to capital gains tax which is only charged on sales.
How can you say that the agents fees are the responsibility of the seller, when they are added on yo the purchase price. That means the buyer is picking up the costs when they pay for the property. Please advise.
@@linda6131 because the seller should agree with the agent to pay a % of the sale price to the agent as their fee for marketing the property and hopefully finding a buyer. That fee is between seller and agent. As a buyer, you should not pay a fee to the agent you are buying through.
I have lived in spain for 6 years and have spanish residencia. The prices have not followed inflation but greedy owners from Madrid and Barcelona who own theses properties and will along with the agents hike the prices up to stupid levels. That's why Spaniards are complaining as well. Seeing that your both agents I never included you , but don't be rude to me. You will know from the uk on a national survey of the most hated profession is estate agents, there is a reason for that, again I am not including you, but please even acknowledge, idealista puts a property on there site, you ask for agent to view it, they remove the ad and a week later it is up 10k, that is distortion in any language Good luck with your company , but spain is still a dodgy place to buy property
@@michael49288 Idealista IS one of the massive problems. Anyone can advertise whatever they want in there. It’s not a portal specifically for estate agency use. We made this video for our TH-cam channel (Brits Living in Spain) which is a hobby and not a work tool, because people asked us to. If you look at our back catalogue there is hardly a mention of estate agency. We just wanted to give people a little advice on what to do and what not to do from an honest and professional opinion. If you actually watch, you will see that we are warning people of the things to look out for that might be underhand practice.
Accompanying artcle and ability to download the pdf file to go through at your leisure:
www.tdotandco.com/buying-property-in-spain/
Having met Andy and Helen a few times also searched with them for property in Torrevieja. I can honestly say you are in great hands, they are extremely professional / no pressure tactics. They are lovely people too - ❤❤❤ See you soon guys 🎉
Thanks guys! ❤️ see you soon! 😀
Yes I agree ❤
When you buy with these guys you become part of the family lovely people all of them :)
Thanks for the lovely comment guys- thanks for watching and see you soon 👍
From how we understand everything Helen and Andy, this is so accurate. The information you have helpfully offered is invaluable for people who are serious about making the move. Thank you for your professionalism.
Thanks guys- and thanks for watching 👍
We brought our property with you guys. The experience was exceptional and we would highly recommend.
Thanks Deb! See you next time you’re over!
@@britslivinginspain We are back May 8th. Hopefully bump into you 😊
Usually do 😆
Great video guys I wish I had seen this before buying our place in Torrevieja. There is so much information in here for people looking to buy!
Thanks- and thanks for watching. Hopefully it will help some people looking at starting their journey 🙏
Thank you both for creating this content to make things so much clearer. Amazing work well explained ❤🏡
Thanks for watching and the feedback- much appreciated 👍
Great video! Thanks. Lots of information presented clearly and concisely. Much appreciated.
Thanks for watching and the feedback 👍
Wow, what a great presentation! You've really got yr head screwed on wonderfully. I would come to you first when ready 😊. Thanks for this & I've subscribed.
Thanks for watching and the comment. Glad it helped 😊
Excellent advice.
Thanks for watching and the comment 🙏
Great video and best detailed information 😊
Glad it was helpful! Thanks for watching 👍
It took me a few views to get through it but I thought it was first class and really a must for prospective purchasers. We rushed the viewing process too but 2 years on we have a nice reformed townhouse. We got caught with the cadastral value a week before completion, luckily we had the extra 3000 euros but it did hurt at the time. The only thing I think was missing(but I may have missed it) was the ability to buy your currency forward for up to a year if the rates are good.
Thanks for watching. Various money companies have different deals on and work slightly different to each other. Buying it forward at a good rate can have penalties if you don't complete the transfer, though. You can also get them to contact you when the exchange rate reaches a predetermined value you agree on... thanks for watching.
Hi Helen and Andy
That was very helpful, I didn't know how complicated it could be buying a place. Legal help is definitely essential. Look forward to more similar vlogs
Thanks for watching 👍 we tried to make it as easy as possible, but also as comprehensive as possible...
Great video, very informative. Thanks for the taking the time/effort to make it. Looking forward to the rest of this series of videos. Will definitely use Casas Espania when we r ready to buy. Thanks Stephen
Thanks and thanks for getting in touch.
Awesome work guys. Love the video. Brilliant timing too as we are coming out to see you in April. Hope you have lots of properties for us to view!👍😎😁
👏👏🙏🏼🙏🏼
Thanks 👍 😊
Thanks 👍 😊- look forward to it
Brilliant show guys best in. In the business really enjoyed the advice
Thanks Fred- hopefully the video matches your experience of buying through us 👍
great video.see u in May
Thanks- and thanks for watching- see you soon 👍
brilliant video full of info.
Glad it was helpful! Thanks for watching and the comment 👍
Primera vez wue veo este canal, me ha gustado mucho sus explicaciones, inspiran confianza. Todo bien aclarado y de forma honesta. Cuando compre algo en España, lo haré con ustedes!!!!
@@brajomamolina Muchas gracias. Me alegro de que te haya gustado el vídeo
Thank you for this very informative
@CarlyLamour thanks for watching- glad it helped 🙏
Loved this thanks guys,Heather had me watch It twice 😂
Ha ha ha. Thanks for watching- twice 🤪- don't forget you can download the notes from the website, if it helps.
Just stumbled on your channel. Enjoyed that, good info and although we are not looking to buy in Spain now brexit has messed it all up. You have explained stuff that we weren't really aware of.
Thankyou all the best.👍
Thanks- and thanks for watching 👍
Great advice guys and very important - many thanks for sharing the info
Thanks- and thanks for watching
Wow! So much great information! I learned a lot so thank you! I just wish there wasn’t so much background noise ie. people talking, it was very distracting! This was at the 18:18 minute + mark of the video. I will definitely subscribe. Thank you!
Thanks for watching and the comment. We were also upset about the noise, we had microphones on but they weren’t working and we didn’t realise.
Absolutely brilliant information and. 👍👍👍
Thanks- and thanks for watching 👍
Wow, you guys are amazing, you have put so much work into this video with every fine detail possible. Really looking forward to your video on visas particularly the golden visa and also issues with inheritance tax. Well done guys 👏👏 we have met you once before in Torrevieja but will be seeing you in May at the meet up 😊
Thanks for watching and thanks for the comment. Look forward to seeing you again in May- how many of you are coming?
Fantastic video, and one to watch again soon. It's great to see you sharing your professional knowledge and experience on the channel. 👍
Thanks!- hope it helps 🙏
Great information .I will definately be contacting you when I come over late may to find a property in the Alicante area.
Thanks- and thanks for watching. Hopefully the video will be of use. There's a contact form over on the website- www.tdotanco.com
Really helpful thank you.
We’re glad you found it helpful. Thanks for watching and the comment.
Hi , I have a question please : Could you compare the 'urbanization'to a 'gated' community with a guard by the entrance ? This was a very helpfull video! Thank you 😉
Hi. A community and an urbanisation are really different due to size. An urbanisation could have different communities within it and also amenities like shops, restaurants, doctors surgery etc. an urbanisation also does not have a president and specific rules put in place by a committee. I suppose an urbanisation is a little like a village, hamlet or suburb. A community is a smaller group of properties with a committee of owners which has community rules in place. It can have communal facilities like swimming pools, gardens etc. A community will have community fees in place to be paid each year towards communal amenities. An urbanisation won’t (unless you’re in a community within an urbanisation). Both communities and urbanisations can be gated but not all are, and not all gated communities/urbanisations have security guards. Hope this makes sense.
Thanks for this I've learnt a lot & will be checking all your other videos. My dream is still alive even after Brexit 😁
Hi! Thanks for the comment! Lots of people are still doing it regardless of Brexit! 😃
Morning Andy&Helen, I was looking for the name of of the Money Transfer people you recommend but cant seem to find the link. I am wanting to get an account set up before we fly out. Thanks. MD
Hi. Andy has sent you an email!
Evening 👍
Great video where can I view the property ye have for sale
If you send Andy an email he'll send you all the details through. social@tdotandco.com
Have ye an office in town
In torrevieja
@@endaegan9103 hi. No. Only at La Siesta.
Just stumbled across your channel. Could you please do one on selling in Spain?
Thanks for watching- it's one of the ones that will be done at some point 👍
Hi Andy & Helen, I also was looking for the name of of the Money Transfer people you recommend but cant seem to find the link also.
We are buying a house in La Siesta and hope to complete in April.
Regard's Dave
Hi if you fill this in, we will get them to get in touch
www.tdotandco.com/buying-property-in-spain/money-exchange/
... and thanks for watching 👍
i tryed to work out the non residents tax.not sure i got it correct.im hoping to buy a property of £70000. i worked out 2% of that is £1400 and that multiplyed by 24% is £336.00
that doesnt sound alot.is that correct?
Yes. But it would probably be even less than that. It’s usually calculated at 1%, not 2% but can fluctuate.
Also, you need to submit the forms for each person who appears on the property deeds and each person is responsible for their percentage of the tax. So if 2 of you own the property you’ll be responsible for 50% of the tax amount each.
@@britslivinginspain great thankyou so much.great video.really helpful
@@britslivinginspain just me🤣 ok great thankyou.do i have to have a tourist license to be able to rent the property out? if im gonna be taxed regardles if i do or dont i may aswell look into it.
Hi. If rented out: short term, you need a tourist license and pay 24% tax on EVERY BOOKING. If long term, be advised as soon as tenants move in they have the right to stay in the property for upto 5 years... (but you don't need a tourist license for that)- we'll ask our accountant that is helping with the videos on visas etc. to cover taxes in one of the videos...
Thank you so much
You're most welcome- thanks for watching 👍
@@britslivinginspain when I come over to Alicante I will visit you to view properties if that is okay. It will be in about 3 to 4 weeks time. Thank you
Sure!- email Andy so we can check dates etc. Social@tdotandco.com
@@britslivinginspain Great! As soon as I book a flight, I will email you.
@@ROSIEBGOOD Andy will be away from 25th of April until 2nd May but available any other time.
Hi, loved the very informative video, thanks. Can you give me the name of your estate agency please, thanks 👍
Hi. Thanks for watching- there are contact forms for us for different purposes on our website (property mailing list, currency exchange, general contact etc. On our website- www.tdotandco.com (that way we will deal with you directly with any enquiries or requirements you have and can assist directly with us, as opposed to others in the office)- Thanks for watching 👍- Andy
hi. a lot different from bying a property in sweden (a lot simpler). we bought otur apartment in Quesada by a swedish agent and they did all the paperwork needed. great show by the way.
Interesting to know. Thanks for watching and the feedback 😀
Hi, thinking of buying a property in palomares, would you be available to help?
Hi. Unfortunately we don't go that far. Thanks for watching 👍
I guess now, when property market is a bit softer that earlier, one should at least to try to negotiate the price also for a new build property. Btw, what Spanish bank would be a good choice for a foreigner, do they all have internet bank in English and so on?
Hi. You can always try an offer on a second hand property but at the moment demand out weighs supply so be realistic and don’t expect a big discount. On new build properties you will not get ANY reduction in price, the price is non negotiable. The cost of building materials are constantly increasing and so are the prices of the new build properties.
5-10% offers below the advertised price..is it still acceptable or what would you recommend? (southern spain)
Hi. It’s 100% a sellers market at the moment and there a lack of resale properties available. This has pushed the prices up and making it less likely that sellers will actually consider offers at all. That being said, I’d still try an offer to start with, maybe 5% but be prepared to pay asking price if it’s somewhere you really want. Hope this helps.
@@britslivinginspain thank you
Hi, I just purchased an apartment in playa flamenca. After watching your video, I'm interested in who you would recommend to do the transfer of the funds for the purchase, I have searched your channel for the form mentioned but can't find it, can you send me a link please.
Regards Davie
Thanks for watching 👍 the contact form is here (we can ask them to get in touch with you directly- they're not pushy like a lot of them)
www.tdotandco.com/buying-property-in-spain/money-exchange/
Great video! Very informative and thorough. I have a question. For buyers who do not live in Spain but buy as a holiday home and not a primary residence and can only use the property for 90 days at a time (Schengen rules) and it will sit empty for months at a time. Is it safe leave it empty for months at a time? Are there companies that will look after your property for you while you’re not there? Thank you.
Hi. There are key holding companies who will Taylor packages to your specific needs. Also, you can have alarm systems fitted, security grills to windows etc. I would also recommend maybe putting lights on a timer so that it looks like someone is home. Generally speaking there is not a massive issue with squatters but it is something that rears its head occasionally and needs to be considered. Thanks for watching and the comment!
If you're resident in Spain and want to sell in order to buy somewhere else, I presume there's no capital gains tax?....I'm assuming capital gains tax is only applicable when your Spanish property is your 2nd home?....
Hi. Capital gains tax is always applicable if you have made a profit gain when you sell a property regardless of residency status, and is taxed as a percentage on the gain made. However, if you are going to reinvest the full capital from a sale in to a new property purchase it is often possible to offset capital gains tax. There is an annual tax to pay on second homes if you are resident but this is different to capital gains tax which is only charged on sales.
Do you have a property on offer to sell in Villajohosa?
Hi. I’m afraid we don’t sell resale property as far north as Villajoyosa, only new build properties.
Or in La Mata? I am interested on a townhouse with a garage not too far from the beach.
@@merlin5lt1 Yes we have. If you send Andy an email, he can send you the link. andy@casasespania.co.uk
How can you say that the agents fees are the responsibility of the seller, when they are added on yo the purchase price. That means the buyer is picking up the costs when they pay for the property. Please advise.
@@linda6131 because the seller should agree with the agent to pay a % of the sale price to the agent as their fee for marketing the property and hopefully finding a buyer. That fee is between seller and agent. As a buyer, you should not pay a fee to the agent you are buying through.
I have lived in spain for 6 years and have spanish residencia.
The prices have not followed inflation but greedy owners from Madrid and Barcelona who own theses properties and will along with the agents hike the prices up to stupid levels.
That's why Spaniards are complaining as well.
Seeing that your both agents I never included you , but don't be rude to me.
You will know from the uk on a national survey of the most hated profession is estate agents, there is a reason for that, again I am not including you, but please even acknowledge, idealista puts a property on there site, you ask for agent to view it, they remove the ad and a week later it is up 10k, that is distortion in any language
Good luck with your company , but spain is still a dodgy place to buy property
@@michael49288 Idealista IS one of the massive problems. Anyone can advertise whatever they want in there. It’s not a portal specifically for estate agency use. We made this video for our TH-cam channel (Brits Living in Spain) which is a hobby and not a work tool, because people asked us to. If you look at our back catalogue there is hardly a mention of estate agency. We just wanted to give people a little advice on what to do and what not to do from an honest and professional opinion. If you actually watch, you will see that we are warning people of the things to look out for that might be underhand practice.
@@britslivinginspain well done I command you for your work.
Commend sorry
@@michael49288 Thanks! We try our best
How do i contact you if i need help to find a lawyer im looking to buy a house in valencia community lije castellon, peniscola etc
@@coratheexplorer1824 goto www.tdotandco.com there's a contact us form. Thanks for watching 👍
Evening 👍
Hola! Swipe the comment part on the phone to the left to get to the live chat during the premiere
Brilliant information thankyou , so well explained .
Thanks- and thanks for watching 👍