All you need to know to buy a property in the Costa del Sol - Malaga
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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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