What you should know before buying a house in Denia: costs, taxes and formalities

Buying a house is one of the most important decisions we can make in life. Therefore, it is essential to be well informed before making this decision anywhere, and even more so in Denia, where the real estate market is very active. Denia is a city with a great real estate offer, where we can find houses for all tastes and budgets. But before buying a house in Denia, it is important to know all the expenses, taxes and formalities involved in this operation. In this article we will provide you with the necessary information to help you when buying a house in Dénia.

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Questions to buy a house in Denia

Buying a house in Dénia implies a series of additional expenses that must be taken into account apart from the purchase price. One of the most important expenses is the property transfer tax, which is applied in the majority of property sales. In Denia, this tax is 10% of the value of the property.

In addition, we must also consider the notary, registry and agency fees. Notary fees are usually 1% of the purchase price, while registration and agency fees may vary depending on the complexity of the operation.

Taxes when buying a house in Denia

Besides the transfer tax, we must also take into account other taxes when buying a house in Dénia. One of them is the tax of documented legal acts, which is applied in most of the deeds of sale. In Dénia, this tax is 1.5% of the value of the property.

Another important tax to take into account is the Impuesto sobre Bienes Inmuebles (IBI), which is applied annually to all real estate properties. The IBI in Dénia varies according to the cadastral value of the property.

If you buy a property from a foreigner you will have to withhold 3% of the value of the sale because if the seller does not pay this tax the Tax Office will claim it from you. You can visit the following link for more information. https://edealhomes.com/en/retention-of-3-of-the-value-of-a-home-in-non-resident-vendors/

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Formalities when buying a house in Denia

To buy a house in Denia, it is necessary to follow a series of procedures and legal requirements. One of the most important is to obtain the public deed of sale, which must be executed before a notary. In addition, we must make sure that the property is free of charges and encumbrances, for which it is advisable to carry out a search in the land registry.

It is also important to have the services of a lawyer specialised in real estate law to advise and guide us throughout the purchase process. This professional will help us to review the purchase contract and negotiate with the seller.

Additional section: Entrusting the purchase exclusively to a real estate agency in Dénia

An interesting option to consider when buying a house in Denia is to entrust the search exclusively to a real estate agency. This way, we will be able to save time and effort in the search for our ideal home, as the agency will select the best options according to our search criteria.

For more information do not hesitate to contact us Contact us

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