What documents are required to sell a property in Spain?
The following documents are required to complete the sale of any property in Spain.
Transfer of title
This is an administrative procedure that must be carried out before an accredited Spanish notary. The Escritura is, in fact, a compulsory property deed for buying or selling property on Iberian soil.
Have an NIE
The NIE or Alien Identification Number is a document required to open a bank account in Spain, or to obtain other services such as water, gas and electricity.
To formalize the sale of a property in Spain, only one diagnosis is recommended by the authorities: the energy diagnosis, also known as the Certificado de Eficiencia energética. This document classifies homes according to 7 levels of CO2 emissions.
However, it is imperative to have the certificate of conformity of the dwelling, known as the Cedula de Habitabilitad.
Other necessary documents
Here is a list of the documents you need to provide:
- A notarial deed: this document is required for most property transactions in Spain. It contains all the land registry information and more details about the property. It can be obtained from a notary.
- A copy of the land register.
- Last property tax paid: this is a property tax paid once a year. The amount is determined by the Spanish municipality.
- Proof of payments due to the commune.
- Proof of payment of asset transfers (ITP).
How do you put your property on the Spanish market?
There are two classic methods for selling property in Spain:
From Individual to Individual
This is the slowest way to sell your house or apartment. To achieve this, you should advertise in newspapers or on the Internet. Please note: the notary in Spain doesn't handle any administrative tasks. You'll have to take care of everything yourself, and this is a very time-consuming process, especially if you don't speak the local language.
A real estate agency
We recommend that you delegate the sale of your property to N1 immo. Our teams of real estate experts are able to find the best offers from potential buyers on the Costa Brava market, and will take care of all the administrative formalities for you. N1 immo guarantees you a purchase free of all charges on the property you're interested in. Our strength lies in our legal department, which works with N1 immo all year round.
What administrative procedures are required to sell your property?
Unlike in France, the notary in Spain is the representative of the State. He or she is responsible for executing wills, successions and, in particular, notarial deeds. As already mentioned, the Escritura is a guarantee for new buyers and sellers that the transaction has been carried out in full compliance with Spanish real estate legislation.
During this procedure, the notary verifies :
- Identity documents, including NIE
- Certificate of habitability
- Title to the property
- All certificates confirming payment of taxes
It should be pointed out that the notary can refuse to sign the deed of purchase. For this reason, we advise you to enlist the services of a legal service - a lawyer - to closely supervise the whole process. Building on its solid reputation in Spain, N1 immo will put all its expertise in this field at your disposal. You'll have access to our best legal services - lawyers specialized in real estate transactions.
Do I have to pay taxes as a French citizen if I sell my property?
Under Spanish real estate legislation, property sales are taxed according to the value of the capital gain in the country. This is calculated according to the following formula:
Purchase value (including acquisition costs) - sale value = value of realized gain or loss
The purchase value includes all costs and taxes paid at the time of purchase. The sale value, on the other hand, covers more than just the sale price. It includes the costs and taxes associated with the transaction.
Municipal added value
Spanish capital gains tax or Plusvalia is an additional municipal tax.
Taxpayers can choose between two calculation methods. You will choose the least onerous calculation method:
- Calculation according to cadastral value (objective method). It must be paid according to the following criteria: the number of years since the property was acquired, a table of values updated each year and the municipal cadastral index.
- Or opt for real capital gains if that suits you better
N1 Immo can calculate municipal capital gains for you.