taxes and expenses of selling a house
Written by Contact Us

Selling a house also has expenses and taxes

Increase in patrimony before the Treasury, municipal capital gain or notary expenses corresponding to the seller. These are just some taxes and expenses to sell a house. We tell you

Before the Treasury

If the sale is that of a habitual residence and the amount received is reinvested in the purchase of another customary one, in a term not exceeding two years, it is not necessary to pay the surplus value of the Treasury. Of course, whether the profit is reinvested or not, we must declare it, since it means an increase in equity.

If the profit is not reinvested or is not habitual residence, the capital gain generated is taxed on the Income Tax of Individuals (IRPF) as an increase in equity. But there can also be disabilities that can be compensated.

Before the City Council

The famous Municipal capital gain. It is settled in the town councils and must be paid by the seller. It is calculated on the cadastral value of the house and influences the number of years that it has been owned.

But be careful at this point because there is jurisprudence about it. What matters is to know if there has been an increase in the market value of the land, not the cadastral one.

Before Notary and Registry

Nor should we forget the expense of notary and registry if, when selling the house, the mortgage cancellation of the mortgage has not been made or the mortgage is not amortized. In addition, a part of the notary expenses correspond to the seller.

Other payments

The house is sold free of charge: be up to date with community payments, spills, IBI, garbage tax, etc., at the date of purchase. Without forgetting that, from the middle of 2013, the seller must present the certificate of energy efficiency.

The breakdown of all these points can be seen in more detail in our collaboration on the Invertia portal


If you are looking for info of the sector, do not miss our BLOG and our PRESS ROOM


the real estate sector in 2019
Written by Contact Us

Changes and new regulations for 2019 in the real estate market

We will start the new year with some legislative changes in the real estate market. New Mortgage Law and urgent measures to improve access to housing and favor rental during the next four years. The reality is that the Government has proposed that this market has greater regulation and control. This will be the real estate sector in 2019.

And in this context, how is the market? Experts from the sector have analyzed this market in the program #ForoInmobiliario de Intereconomia. Among them, Carlos Smerdou, CEO of Consulting Forum.

If you want to know where the real estate market is going. What changes the new Mortgage Law will bring and to what extent they favor the clients, do not miss the audio. All the information of the market in the program #ForoInmobiliario


Image: @crdeprada

Rent of housing in Spain
Written by Contact Us

Is your rented home profitable ?, make numbers

Do you know how the profitability of your rental property is calculated? Enter numbers if you have a rented house or if you plan to buy a flat as an investment. In our collaboration in Invest You have the keys that will let you know. That rAvailability can be obtained via rent or revaluation.

But everything is not so easy. A rented flat, (except if it comes from inheritance and also has its expenses), usually has an initial investment, periodic expenses and a monthly income. With these wickers you can calculate what benefits you get.

To calculate the profitability of a rental house, you must take into account these variables: investment, periodic and punctual expenses and monthly income. A good analysis and a good choice are the perfect combination to obtain an adequate return. And it's possible.

Gross and net profitability

And the simple rule: divide the monthly income between the total cost of the property. The result is the gross profitability. Butwhat is the net? To the total income it is necessary to subtract all the expenses that the property entails: community quotas, taxes, insurance or some expenses of maintenance or reforms, etc. Without forgetting the mortgage, if it had it.

The net result is what you get in your pocket, but then comes Estate. Revenue from rentals increases the tax base in the income tax. And although when it comes to housing, a good part is exempt, some taxes have to be paid for this income.

Profitability by revaluation

It is another option to have benefits. But, first buy, then sell and then subtract taxes and expenses from the sale. It is good to do the calculations well to really know what you are getting. The difference between buying and selling must be important.

We invite you to read our colaboración in Invertia where we have assumptions of rent and sale. You can see what profitability you get or you can get if you buy as an investment.

And in this last point remember that not everything is worth. Before buying it is good to do an analysis, as we already have in another post: aspects that must be taken into account.


Information produced by FGold Real Estate Consultants

And if you are looking for a house, do not miss our wide range of properties in Foroprovivienda

Image of Madrid: @crdeprada

Tips before renting
Written by Contact Us

How much is the payment of AJD tax on a mortgage?

After Royal Decree approved by the Government, The AJD Tax on a mortgage will be paid by the financial entities. Although this payment, which responds to Tax on Documented Legal Acts, will ultimately affect the client. Now we will have to see to what extent financial entities increase commissions or not…

But, how much does it cost and how much is the client saved? Since Contact Us we tell you about it and we clarify the costs of setting up a mortgage, regardless of this tax. These are the most relevant:
  • We begin with the opening commission, Who decides each bank.
  • To this we add, the appraisal expenses that depend on the value of the home.
  • They follow him Notary fees and registration.
  • Also the expenses of agency

And finally, the Tax on Documented Legal Acts (IAJD), which is a percentage of the sum of the mortgage liabilities. And it depends on the location of the property. The differences are important, since they oscillate between the 0,40 and the 1,50%.

As you can see this tax depends on each Autonomous Community and in this link Idealist you can see it.

Taking into account these data, we have gone to a simulator of a financial institution to see all disbursements when hiring a mortgage and how it affects the tax. The chosen example is a mortgage loan of 160.000 euros, the 80% of a house appraised in 200.000 euros and with an opening fee of 1%.

  • En Madrid, total mortgage expenses: 5.236,72 euros. The IAJD: 1.572 euros in this case.
  • The next assumption is in Álava, the total expenses of the mortgage constitution add 4.712,72 euros, but here it is lower (1.048 euros).
  • And a third example, Sevilla. The total cost of establishing a mortgage amounts to 6.808,72 euros, and given that the tax is one of the highest: 3.144 euros.

If we subtract the part of the tax, the figure drops considerably

In our collaboration with Invertia you can see all the itemized assumptions and the general expenses of the constitution of a mortgage.


real estate market challenges
Written by Contact Us

Before buying a house, clear these questions

The possession of a home is one of the goals of many Spaniards. In fact, although the percentage in favor of rent has decreased, it still amounts to 76,7%, according to data from the INN of 2017, (compared to the 80,5% of 2005). For this reason, we give some keys before buying a house.

  • Can I pay?

First of all, check all your expenses, plus those at home and do not forget the taxes. And, in addition, very important what mortgage you can get

  • Are all the papers in order?

It is not the same as housing nueva, used or a purchase Over plan. It is important that you have everything under control.

  • Am I choosing the best mortgage?

Remember that you must get into debt in the currency in which you receive the income. Do not make a mistake, they are tied to that contract for many years.

  • Do I have a clear roadmap?

Plan the purchase, the delivery of the house, the reform ...

  • Is it the house I need?

Do not buy a house that you do not like. You have to see things with perspective and make an objective analysis.

These five keys can be read in our collaboration on the news portal Invertia.


And if you are looking for housing, you have a wide range on our website

AJD tax
Written by Contact Us

In the end, who will pay the AJD tax?

Well, it's clear. Regardless of what the Supreme Court finally says, the client will pay for it. Because the bank will pass on the tax of AJD (Documented Legal Acts) in which it requests the loan, although in the mortgage deed it is clear that it corresponds to the financial entity.

You have a mortgage and you want to claim the expenses

In the program #ForoInmobiliario de Intereconomía Radio, Rubén Cózar, residential director of Contact Us y José Luis Ruiz Bartolomé, they analyzed the keys of all this mess. To begin with, you have to pay for Documented Legal Acts. How it will affect the new mortgages. Many doubts that are in the environment.


Image: crdeprada

urban developments
Written by Contact Us

The paralysis of urban developments

The Popular Parliamentary Group has presented in Congress a proposal to put an end to the total paralysis of urban developments. A situation that will affect the price of housing.

"We are in an upward market due to the shortage of supply and the development of protected housing is at a minimum," he says. Pablo Presa, Director of Research and Evaluations of Real Estate.

From his point of view, the paralysis of urban developments in Madrid is causing an important rise in prices. That, in addition, affects buyers with less income, especially young people.

Exhausted urban developments

Do not forget that the southeast is one of the areas with the most demand for the purchase of housing in Madrid. To this it is added that the Ensanche de Vallecas is practically exhausted. Meanwhile, areas such as Valdecarros, Ahijones or Berrocales are stopped.

In the case of Madrid, the current offer focuses practically on El Cañaveral. That, given the strong demand for affordable housing, its prices are increasing. In this development, at the beginning of 2016 the floor price finalist for free housing was around the 400 euros per square meter, currently does not come down from the 700 euros. This is an increase of around 70%. This situation affects the final cost of housing. A clear example, in July of 2015 the average price of the free housing was around the 1.250 euros per square meter built. Now it exceeds the 2.000 euros.


If you are looking for housing, look at the offer on our website

lack of soil
Written by Contact Us

The lack of land and its effect on the price of housing

The lack of land is causing tension in the price of housing. There are cities like Madrid and Barcelona where the need is clear. "In this context of increased demand, scarce supply after years of crisis, we have a perfect breeding ground for the rise in the price of land and, therefore, the final product," says Carlos Smerdou, CEO of Contact Us.

Smerdou highlights the case of El Cañaveral, in the southeast of Madrid, as one of the few areas with affordable housing where the price has doubled in recent years. Consider, furthermore, that if it keeps going up it will end up expelling young couples from the city.

And together with this, the developments of the southeast are still standing. On the contrary, Madrid Nuevo Norte will be a reality, although it will be several years until everything is underway. Several experts from the sector analyze in the blog de what will happen in the next years? What is the situation of the different urban actions? And, what changes must occur to avoid the price increase? In short, how do municipalities influence the construction of new construction?


And if you are looking for a house, take a look at our website

Value of a house
Written by Contact Us

What counts more in the price of a flat?

What is the value of a home, what aspects influence? Although there will always be nuances that depend on each case, the truth is that there are some objective variables that help to answer these questions.

  • New housing A new house with garage, common areas such as swimming pool, gourmet room, gardens ... also increases its value.

  • Orientation, height and views. A good orientation with lots of light increases the value of a property. On the other hand, a higher floor, is worth more because it has more light and possibility of better views, obviously whenever you have an elevator. If we talk about the attic, the value is greater for the terrace. While it is true that, in new developments, the low with garden almost compete with the attics.

  • 4 Square meters and their distribution. Obviously, it is worth more a reformed house, well preserved and with good distribution.

  • Sustainability Reducing energy expenditure is a factor that gains strength.

These are some of the objective reasons, then there are the subjective ones, which sometimes have a lot of weight. We extend all these sections in our collaboration in the financial portal Invertia.


Image: Hotel The Royal Plaza in New Delhi


New Housing Law
Written by Contact Us

New Housing Law: main measures

The real estate market is one of the most attractive sectors for governments. Hence, every time a new one arrives, change everything done by the previous one. The actual Ministerio de Fomento is preparing a new Housing Law that guarantees accessibility.

Which are? If there are no changes, these are some measures of the new law that the current Government of Pedro Sánchez wants to move forward:

  • Construction of a public housing park Rent to correct price increases.
  • Tax measures against Empty houses to get them to go to the market and thus, increase the supply. Although at this point the changes are constant.
  • In parallel, control prices in the rent.
  • Coupled with this, a change in the current Urban Leasing Law.

find a good tenant

El rental focuses a good part of the objectives, although we will have to see if this battery of measures can reduce the attractiveness of the real estate sector. Experts from the sector, including Luis CorralCEO Contact Us, shed the changes and their effects on the cover of the Investment magazine.


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