The province of Alicante, with its Mediterranean charm and sunny climate, is an attractive destination for those looking to acquire a plot of land. However, before diving into the purchase of land, it is crucial to be familiar with the necessary procedures to ensure a successful transaction. Below, we present a detailed guide to assist you in this process.
Identification of the Plot and Documentation:
Before proceeding with any transaction, it is essential to clearly identify the plot in question. Verify that the documentation for the land is in order and up-to-date, including boundaries, ownership, and any potential legal restrictions.
Land Registry Certificate:
Acquire a land registry certificate to verify the current ownership of the plot and ensure that the sale is legal and transparent.
Urban Planning Study and Land Use Certificate:
An planning study is necessary to understand local regulations and land classification. This will provide information about limitations and development possibilities on the plot. These studies are usually conducted by an architect.
Obtaining the Foreigner Identification Number (NIE):
If you are not a resident in Spain, you will need to obtain an NIE, the Foreigner Identification Number, which is required for any real estate transaction.
Legal Advice:
It is highly recommended to seek the advice of a lawyer specializing in real estate transactions to review all documents, draft necessary purchase contracts, and ensure that you are legally protected throughout the process.
Public Deed of Sale:
The transaction is formalized by signing the public deed of sale before a notary. Here, the final payment is made, and the property is handed over to the new owner. The sale of plots is subject to the Value Added Tax (VAT) at a general rate of 21%.
Finally, the deed of sale must be registered in the Land Registry to officially recognize the transaction.
The acquisition of a plot marks the beginning of your exciting journey towards building the home of your dreams. Each step in this process requires careful attention to ensure your vision comes to fruition smoothly and safely. It is at this crucial point where Decoproject Home becomes your essential partner, guiding you not only in the selection of the perfect plot, but also in the construction of your ideal home, taking care of all phases of the project with professionalism and dedication.
