REAL ESTATE COSTA DEL SOL
- REAL ESTATE TERMINOLOGY |
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REAL ESTATE TERMINOLOGY
The world of real estate has a terminology all of its own. This can
be confusing enough in your own language. let alone when you are trying
to buy a property in a foreign country. so the following chart attempts
to shed light on the terms you are most likely to come across.
Agencia Inmobiliaria Real Estate Agency
Gestor Professional who arranges paperwork
Abogado Lawyer
Notario Notary
Asesor Fiscal Financial Adviser
Tasador Valuer
Tasación Valuation
Director de Banco Bank Manager
Hipoteca Mortgage
Aval Person who underwrites a loan
Arquitecto Architect
Contrato de Compraventa Privado Sales Agreement
Depósito Deposit
Registro Land Registry
Nota Simple Land Registry Report
Escritura de Compraventa Purchase Deed
Escritura de Hipoteca Mortgage Deed
Plan General Urban Plan
Impuestos Taxes
Gastos Costs
Comunidad Proprietario Community of Owners
Administrador Administrator ITP
TransferTax (7% in Spain)
Plus Valia Capital Gains Tax
IVA VAT (7-7,5% on houses, 16,5% on land)
IBI Local Rates
Valor Catastral Rateable Value
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