RENOVATION OPPORTUNITY IN EL PARAISO ALTO

If you are looking into applying for a mortgage in a Spanish bank to purchase the property, it is possible to do so. Currently, Spanish banks can issue mortgages up to 50% of the purchase price - so a total of 1.802.466 € - to a non-resident.

There are exceptions where it is possible to apply for a higher amount, but the higher the purchase price, the more complicated it becomes to obtain the 50%. The only further cost to receive the mortgage is the bank valuation, which can cost between 500 € - 4.000 €.

These numbers are approximate and are based on common situations for non-resident buyers. There can be other exceptional cases when the taxes and costs applied vary, but don't worry! Our experienced sales agents will always guide you in the process and provide recommendations on the best solutions, subject to personal meetings with professional tax advisors that we can organize!.