Why Choose Turesta?
TURESTA, was established in 2006 with one goal in mind; to provide the best consultation, service, and guidance for our clients. Turesta has established a reputation equalled by few estate agencies for their professional, honest and straightforward approach. We know the importance of clear and transparent communication and service, and make every effort to provide the very best real estate service available, anywhere.
Turesta’s team of dedicated consultants will ensure that all aspects of your real estate purchase will be covered professionally for you, from A to Z. We provide a comprehensive, step-by-step service. Whether you are looking for your dream holiday home, or a high return investment one of our property experts will guide you through the process. Our team know all areas of the coast in detail and they will be able to advise you on investment, lifestyle and of course the properties themselves.
The key to the successful purchase of a property in Spain is to understand the buying process and the costs involved in doing so.
Once you have made your decision to go ahead with a specific property it is standard practice that a “reservation” agreement is signed to secure the property. This reservation requires that a “reservation fee” is paid to secure the sale at the agreed price and take the property off the market. This fee is normally around 5.000€ and forms part of the price to be paid.
The next step is the deposit contract of about 5 to 10% of the price. This is usually done after one or two weeks enabling the buyer to make arrangements such as transfer funds, open an account, and obtain a tax number, called a NIE.
The actual purchase contract, the Deed, also known as Completion in the UK, will be signed at the Notary’s office once all Due Diligence work and Searches have been carried out, usually by your solicitor. All property transactions in Spain must be approved by a registered Notary. Only Notaries can register you as the rightful owner of a property in Spain’s Land Registry, which they do after witnessing the signing of the deeds (Escritura) by the buyer and vendor, and ensuring all associated payments and taxes are paid.
Costs Associated with the Purchase:
The buying costs in Spain vary from 10% to 13.5% of the purchase price, broken down as follows:
- 10% IVA (VAT) on new properties, 8% to 10% IVA (VAT) on re-sales depending on price category
- 1% Notary fee ( Notarization of property cost)
- 1% Legal fees ( a fee charged by your selected lawyer to conduct the * Due diligence
- 5% Stamp Duty Tax ( A tax charged to make all documents legally effective)
- If you should require a mortgage, you should calculate an average of 1- 1.5% cost for the set up fee of a mortgage with a local Spanish bank
Turesta Real Estate provides a complete After Sales Service to our clients. We are here to accompany you before, during and after your property purchase.
Now that you have been able to successfully purchase your ideal property we are here to secure a smooth transition into the local community. When moving or vacationing in a new country, it is not always easy to know how things work. We are here to assist you with any requests you may have and will direct you to only the most reputable of companies and for this we have established a network of companies and collaborators who have been assisting our clients over the years.
We will follow up all related procedures on your behalf which includes liaising with utility companies to arrange services such as water, electricity, internet, and phone.
We offer expertise in finding furniture packs to match any customer’s discerning taste and budget. We will personalize your new home to include goods, electronics , appliances and accessories needed to complete your active lifestyle. Each pack is delivered with care and followed up with the utmost professionalism. We are able to provide an unmatched level of customer service. We value our customers and the relationship that we build with each one.
Our property management department was set up to offer a reliable, comprehensive and honest service for property owners from maintenance to rentals. Our policy is to always give the very best to our customers and never compromise on quality.
We understand that every owner uses their property differently and that is why we offer tailor made management service suits your needs and fits with your way of using your property. Our services cover key holding, rentals, security check, insurance services, payment on time, tenants checks, furniture services, property tax.
Best Price Guarantee
We provide you the best prices in the market
360 Service that all you need
As Turesta, we are your one stop shop for all these properties whatever your requirements are
Years of experience and know how
Since 2012, Turesta has sold more than 1,000 real estate properties to foreign investors. In this way, it contributed to the realization of sales of approximately US $ 1 billion.
Happy bayram. Hope you enjoy your holiday eid.