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Frequently Asked Questions

Find answers to common questions about buying, selling, and renting property in Europe

What is the property buying process in Europe?
The buying process typically involves: 1) Finding your property and making an offer, 2) Signing a reservation contract and paying a deposit (usually 10%), 3) Due diligence and legal checks, 4) Signing the final deed before a notary, and 5) Registration of the property. We guide you through each step with local experts.
Can foreigners buy property in Spain or Italy?
Yes! There are no restrictions on foreign property ownership in these countries. You'll need a tax identification number (NIE in Spain, Codice Fiscale in Italy), which we can help you obtain. Many of our clients are international buyers.
Do you offer virtual tours for international buyers?
Yes! Many of our properties feature 3D virtual tours and video walkthroughs. We can also arrange live video tours with our agents for properties that don't have virtual tours available. This is especially helpful for international buyers who can't visit in person immediately.
Are property inspections common in Europe?
While not as standardized as in some countries, we strongly recommend property inspections. We can connect you with qualified inspectors who will check structural integrity, electrical systems, plumbing, and more. This is especially important for older or historic properties.
How do I list my property for sale on MUNDO?
You can list your property by creating an agent account or contacting us directly. Our team will help you with professional photography, pricing strategy, and marketing. Premium listings get featured placement and additional promotion across our platform.
What fees are involved in selling a property?
Selling costs typically include agent commission (3-5%), legal fees, and capital gains tax if applicable. The exact costs vary by country. Sellers in Spain may also pay plusvalía (municipal capital gains). We provide a detailed cost breakdown before you list.
How long does it take to sell a property?
Time to sell varies based on location, price, and market conditions. Well-priced properties in popular areas can sell within weeks, while unique or luxury properties may take longer to find the right buyer. Our market analysis helps you set realistic expectations.
What is the rental process like?
The rental process involves: 1) Finding a property, 2) Providing required documentation (ID, proof of income, references), 3) Signing a lease agreement, and 4) Paying the deposit and first month's rent. Long-term rentals typically require 1-2 months deposit.
How much is a typical rental deposit?
Rental deposits typically range from 1-2 months' rent for long-term rentals. In Spain, the legal maximum is 2 months for residential rentals. The deposit is returned at the end of the lease, minus any deductions for damages beyond normal wear and tear.
Can you help me get a mortgage?
Yes! We work with trusted mortgage brokers and banks across Spain and Italy. Our partners specialize in helping international buyers secure financing. They can offer mortgages up to 70-80% loan-to-value for non-residents, with competitive rates.
How much down payment do I need?
Non-residents typically need a 30-40% down payment, while residents may qualify for mortgages with 20-30% down. You'll also need to budget 10-15% for buying costs (taxes, notary, legal fees). Our mortgage calculator can help you estimate total costs.
What are the total costs of buying a property?
Budget 10-15% on top of the purchase price for taxes, notary fees, legal fees, and registration. This includes transfer tax (6-10% depending on region), notary fees (0.5-1%), and legal fees (1-2%). New properties may have VAT (10%) instead of transfer tax.
What is an NIE and how do I get one?
An NIE (Número de Identidad de Extranjero) is a tax identification number required for any financial transaction in Spain. You can apply at a Spanish consulate or in Spain with a police appointment. We can assist with the application process and documentation.
What is the Golden Visa program?
The Golden Visa program in Spain offers residency permits to non-EU citizens who invest in real estate above certain thresholds (€500,000). This provides freedom to live, work, and travel within the Schengen Area. Program requirements may change, so consult with our legal partners.
What taxes do property owners pay?
Property owners pay annual property tax (IBI in Spain, IMU in Italy), typically 0.4-1.1% of the cadastral value. If you rent out the property, you'll also pay income tax on rental income. Non-residents may face additional tax obligations. We recommend consulting a tax advisor.
Do I need an account to browse properties?
No, you can browse all properties without an account. However, creating a free account allows you to save favorite properties, set up search alerts, track viewing history, and contact agents directly. It only takes a minute to sign up!
How do saved searches work?
Saved searches let you save your search criteria (location, price range, bedrooms, etc.) and receive notifications when new matching properties are listed. You can manage your saved searches from your dashboard and choose how often to receive alerts.
How do I set up property alerts?
After performing a search, click 'Save Search' to save your criteria. You can then choose to receive email alerts daily, weekly, or instantly when new matching properties are listed. Manage your alert preferences anytime from your account settings.

Still Have Questions?

Our team is ready to help you with any questions about European real estate.