MedProperties are a local estate agent for clients wanting to buy, sell or rent property in the Costa Blanca and Costa Calida area.
We operate from Alicante in the North down to Mazarron in the South including the inland areas, forming a triangle (areas like Pilar de la Horadada, Mil Palmeras, Torrevieja, Roda Golf, La Tercia, San Javier, Rojales, Quesada, Los Montesinos, Guardamar del Segura) in this beautiful part of Spain.
If you do not see what you are looking for within our properties then please contact us, we collaborate closely with other estate agents and will be able to find that perfect property for you.
WE REGULARLY ADD NEW PROPERTIES TO OUR PORTFOLIO AND HAVE A HEALTHY CLIENT BASE ACROSS THE UK, SCANDINAVIA AND SPAIN.
New property
When purchasing a new property you can request alterations and changes to be done during construction as long as these are written into your purchase contract. Also the payments are made in stages which sometime can be an advantage. For new constructions there is a 10 year guarantee for construction faults, according to Spanish law.
Please note that all prices quoted here are the prices given by the respective builder. These can vary without prior notice.
Resale property
We can also offer a range of resale properties but as the speed of sale is fast it is difficult to have updated material on these. When interested in a resale property we ask you to contact us prior to travelling to Spain for up-dated availability.
Freehold
We only sell freehold properties which can therefore be used by you, your family or friends all year round. Both land and property are registered to you.
Click here to view our entire property portfolio
Which type of property ?
The most important when purchasing a property is that you study your budget first. Note that you have to add approx. 13% for legal fees and taxes on top of the purchase price and in most cases the cost for furniture and electric appliances should also be taken into consideration. Do not look for a property that is out of your price range, it will only disappoint you afterwards.
Building Companies
There are many building companies and more appear when the interest for purchasing increases. The same rule applies for people and companies who sell properties, some even without being registered. We recommend you to engage an authorised and registered Estate Agent for the purchase of your property. It will give you the security you need.
Choice of builder
We have co-operation agreements with several Spanish builders.
Payment schedule
When signing a contract it keeps a particular property for you at the stated price. At this time you pay a deposit corresponding to 10% of the total amount. With some builders you can pay by Visa card. If they do not have this facility we will help you to contact a bank in which Visa or Master Card can be used.
Next payment is made 6-8 weeks after the signing of the purchase contract and the sum of 40% of the total amount. The two next payments are each of 25%. The last 25% is paid when you move into the purchased property.
If you are purchasing a resale property the last 90% are payable at the Notary when signing the Title Deed.
Other costs
Apart from the purchase price you have to pay 10% vat, notary fee at the time of signing your Title Deed, Plusvalia tax (paid once) together with connection fees for water and electricity. We estimate the costs to be approx. 13%.
This applies to both new and resale properties.
Financing
We can help you to sort out finance (mortgage) here in Spain. The interest is at the moment favourable.
Note that mortgages are granted depending on status. You need to be able to provide proof of income and assets in your name. Please click here for more details.
Completion
Once you have moved into your property (applicable to new properties) you may need to contact the builder for small adjustments. We are available to help you with needed translation to the builder.
Furniture
Most of the properties sold are unfurnished but we can recommend various furniture shops. Note that in most properties the electrical appliances are not included. The builders selling properties furnished will have a detailed inventory list available for each property.
Several owners
It is possible to purchase a property with family members or friends. The Title Deed will then be signed in the name of all the owners. This could be a good alternative for financing the property.
Bank guarantee
The bank guarantee can be obtained for amounts paid to the builder. Please note that some builders charge a fee for this.
