{"id":686090,"date":"2024-12-06T11:03:55","date_gmt":"2024-12-06T08:03:55","guid":{"rendered":"https:\/\/alegria-realestate.com\/?p=686090"},"modified":"2026-03-28T17:23:22","modified_gmt":"2026-03-28T14:23:22","slug":"guide-to-buying-a-house-in-asturias","status":"publish","type":"post","link":"https:\/\/alegria-realestate.com\/en\/articles\/guide-to-buying-a-house-in-asturias","title":{"rendered":"Guide to Buying a House in Asturias: Everything You Need to Know"},"content":{"rendered":"<p>Buying a house is a major decision. Asturias, with its natural beauty and tranquility, is an attractive option. This guide will help you understand the key steps and costs involved in purchasing property in this region.<\/p>\n<h2>1. Preliminary Research<\/h2>\n<p>Before searching for properties, familiarize yourself with the local real estate market. <a href=\"https:\/\/alegria-realestate.com\/en\/articles\/asturias-all-about-the-area\">Asturias<\/a> offers a variety of options, from coastal houses to rural properties. Define your budget and choose the type of property that best suits your needs.<\/p>\n<h2>2. Choosing the Type of Property and Location<\/h2>\n<p>Asturias has a wide range of choices: apartments in <a href=\"https:\/\/alegria-realestate.com\/en\/articles\/the-city-of-oviedo-in-northern-spain\">Oviedo<\/a> or Gij\u00f3n, rural homes in the valleys, or chalets on the coast. Your decision will depend on whether you&#8217;re seeking tranquility, nature, or urban amenities.<\/p>\n<h2>3. Financing and Associated Costs<\/h2>\n<p>The cost of a property in Asturias includes taxes and additional expenses, which vary depending on whether the property is a resale or new construction.<\/p>\n<h3>For Resale Properties:<\/h3>\n<ul>\n<li><strong>Transfer Tax (ITP):<\/strong> The standard rate in Asturias is 8%, but it can be reduced to 3% if it\u2019s your first home and the value does not exceed \u20ac130,000. For luxury homes (over \u20ac400,000), the ITP increases to 10%.<\/li>\n<li><strong>Notary Fees:<\/strong> Between \u20ac600 and \u20ac1,200, depending on the property value.<\/li>\n<li><strong>Property Registry Fees:<\/strong> Between \u20ac400 and \u20ac700.<\/li>\n<li><strong>Real Estate Agency Fees:<\/strong> Approximately 3% of the property\u2019s total value.<\/li>\n<\/ul>\n<h3>For New Properties:<\/h3>\n<ul>\n<li><a href=\"https:\/\/alegria-realestate.com\/en\/articles\/taxes-and-laws\/all-about-vat-in-spain-2\"><strong>Value Added Tax (VAT):<\/strong><\/a> New homes are subject to a 10% VAT instead of the ITP.<\/li>\n<li><strong>Stamp Duty (IAJD):<\/strong> Between 0.5% and 1.5%, depending on the region.<\/li>\n<li><strong>Other costs<\/strong> include property appraisal (approximately \u20ac300\u2013500) and mortgage arrangement fees, which typically range from 0.5% to 1% of the total loan amount.<\/li>\n<\/ul>\n<h2>4. Required Documentation<\/h2>\n<p>To buy a house in Asturias, you\u2019ll need:<\/p>\n<ul>\n<li><a href=\"https:\/\/alegria-realestate.com\/en\/service\/get-a-nie-in-spain\">NIE<\/a> (Foreigner Identification Number), if you\u2019re not a Spanish citizen.<\/li>\n<li><a href=\"https:\/\/alegria-realestate.com\/en\/articles\/all-about-energy-certificate-in-spain\">Energy Efficiency Certificate<\/a> for the property.<\/li>\n<li>A <a href=\"https:\/\/alegria-realestate.com\/en\/articles\/public-deed-when-purchasing-property-in-spain\">public deed<\/a> and Property Registry record to ensure the property is free of liens or encumbrances.<\/li>\n<\/ul>\n<h2>5. Purchase Process and Contract Signing<\/h2>\n<p>Once you\u2019ve found a property, a deposit agreement (&#8220;arras&#8221;) is typically signed with the seller, securing the reservation of the property. At this stage, a deposit (usually 10% of the price) is paid. The transaction is finalized at the notary\u2019s office, where the purchase is formalized, and the property is transferred.<\/p>\n<h2>6. Legal and Professional Considerations<\/h2>\n<p>It\u2019s advisable to hire a lawyer specializing in property transactions to ensure a secure process. Real estate agents can also help negotiate the best price and provide valuable insights into the local market.<\/p>\n<h2>7. Investment Opportunities<\/h2>\n<p>The real estate market in Asturias is growing, particularly in coastal and rural areas. Buying property here can be a profitable investment, especially if you plan to use it as a second home or rent it out to tourists.<\/p>\n<h2>Conclusion<\/h2>\n<p>Buying a property in Asturias can be an excellent investment, whether for a primary residence or a second home. With this detailed guide and proper advice, you\u2019ll be well-prepared to make a secure and informed purchase.<\/p>","protected":false},"excerpt":{"rendered":"<p>Buying a house is a major decision. Asturias, with\u2026<\/p>\n","protected":false},"author":19,"featured_media":686093,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,73,747],"tags":[],"class_list":["post-686090","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-property-in-spain","category-city-of-spain"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Buying a house in Asturias: process, costs, and taxes \u2013 a complete guide<\/title>\n<meta name=\"description\" content=\"Learn from our guide about the buying process, costs, and taxes involved in purchasing property in Asturias.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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