1. Why should I invest in property in the Costa Tropical region?

Costa Tropical is a unique region in southern Spain, offering ideal living and investment conditions. Known for its mild climate, Costa Tropical enjoys around 320 sunny days a year, making it a perfect place to live year-round. The region features a micro-tropical climate, meaning it is never too hot compared to nearby locations, while still offering pleasant warmth. Additionally, Costa Tropical is close to the Sierra Nevada mountains, where you can enjoy winter sports such as skiing, making this region exceptionally attractive and diverse.

Costa Tropical is also rich in culture. The proximity to historic cities like Granada and Malaga provides access to incredible landmarks, festivals, and cultural events throughout the year. You can experience authentic flamenco, taste exquisite Spanish cuisine, and participate in traditional fiestas that give this region its unique character.

2. What additional costs are associated with purchasing property in Spain?

Purchasing property in Spain is a transparent and straightforward process. Here are some additional costs to consider:

• Transfer Tax (ITP): Ranges from 7% to 10%, which is standard in many European countries.
• Notary and Registration Fees: Totaling around 1%, ensuring the transaction is conducted safely and legally.
• Lawyer Fees: Recommended to ensure all formalities are correctly completed, costing around 1% of the property value.

3. Should you worry about ocupas in Spain, or is it just a myth?

Cases of illegal squatting (known as ocupas) in Spain are rare and well-regulated by law. While they might raise some concerns, in reality, they are more of a myth than a common issue. The Spanish legal system provides strong protection for property owners, and such situations are definitely exceptions rather than the rule.

4. What are the maintenance costs for a property in Costa Tropical?

Maintenance costs for a property in Costa Tropical are competitive and include:

• Property Tax (IBI): Low compared to other regions in Europe.
• Community Fees: Affordable monthly fees for maintaining common areas, if applicable.
• Property Insurance: Optional but recommended for peace of mind.
• Utilities: Standard costs for electricity, water, gas, and internet.

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5. What are the formalities for obtaining a NIE number?

Obtaining a NIE (Número de Identificación de Extranjero) is a quick and simple process. You need to fill out a form, submit the application at the nearest police station or Spanish consulate, and present your passport. The NIE number is essential for conducting transactions and gives you full access to all services in Spain.

6. Can I rent out my property to tourists?

Yes, short-term rentals are a great way to generate additional income. Costa Tropical is very popular among tourists year-round. We will assist you in obtaining all the necessary licenses and permits so you can benefit from renting out your property without any issues.

7. What are the rules regarding the disclosure of property location information?

Our agency does not disclose exact information about the location of properties on the secondary market without the seller's consent. We respect our clients' privacy and ensure the confidentiality of their data. This information is only provided to potential buyers who show serious interest in purchasing and viewing the property, after obtaining the seller's appropriate consent.

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If you have any other questions, don't hesitate to contact us. We are here to help you every step of the way in realizing your dream of owning a property in Costa Tropical!