Information

For the buyer

The acquisition of a real estate property in the Canary Islands, according to the current legislation, entails total security in its development. In SUNRISE REAL ESTATE, you will be informed of all the steps to take before the purchase, to avoid any unpleasant surprises. For this reason is the advice of a good professional necessary.

THE PURCHASE OF REAL ESTATE OBJECTS IN THE CANARIES CARRY THE FOLLOWING COSTS:

Generally, we calculate an 8 - 10% of the sale price to cover the expenses of a sale:

• 6.5% Transmission Tax between physical persons, or 7% Tax for new constructions.
• Notary Fees go always in relation to the sale price and depend on the documentation that is included. Normally a purchase of an apartment or bungalow involves notary fees from 650 - 950 Euros
• Plus Valía (tax on the increase value of urban land) according to the law is it the responsibility of the seller. In cases of non-resident sellers, it is recommendable to retain the amount of the sale price, to ensure the payment of the plus Valia.
• Tax for the Inscription in the Registration of the Property are legally determined costs and are based on the purchase price of your property. The registration of an apartment or bungalow usually costs between 300 - 600 Euros.
• Tax advice expenses. If you want to leave all the payment procedures in the hands of a professional consultancy and at the same time be informed about your tax obligations, they will charge depending on each management between 250 – 750 Euros.
• Generally, the expenses of the Real Estate Agency are paid by the seller.

ADVICE: If the seller is not resident in Spain, the buyer will be remitted 3% of the sales price declared in the purchase in order to satisfy the income tax on physical persons, in accordance with article 18 of RD.326 / 99 of 26.2 through Mod. 211

GENERAL INFORMATION:

• Private contracts are valid in Spain.
• Before signing any document regarding a property, it is advisable to obtain a certification of the property registry (nota simple del Registro de Propiedad).
• Request prior verification of the non-existence of debts, through a certificate in the town hall (Certificado No Deudor).
• If the property is immersed in a community of owners, obtain from this a certification of the nonexistence of previous debts (Certificado de la Comunidad).
• The expenses of the Plus Valía or Impuesto de Valor de los Terrenos de Naturaleza Urbana, according to the law, are the responsibility of the selling party, although in some cases and according to the agreement, this tax can be paid by the buyer.
• In the purchase of plots, it is necessary to make sure what is the building capacity (Ordenanza), according to the partial urban planning plans of the different town halls.
• For the reservation of a property, it´s necessary to disburse a deposit that ranges between 5 and 10 % of the value of the transaction.
• According to the tax law in Spain, it is necessary for a non-resident person to have a legal representative (article 46.1). This can be a resident, a lawyer, or a tax advisor, etc.
• Non-resident person in Spain necessarily need a tax identification number (N.I.E or N.I.F).
• Since 2013 it is the obligation of the seller to present an energy certification of the property (certificado de eficiencia energética).
• The law on the prevention of money laundering came into force, so that cash transactions are very limited.

For the seller

Sometimes situations arise that require the sale of a property. For example, you want to reduce or expand your living space, or you want to buy a new property. You no longer take advantage of your property or have economic problems? Family reasons such as separation or inheritance?

SUNRISE REAL ESTATE designs with the seller a sales strategy, calculates the sale price appropriate to the market, explains the sales process, in particular the payment, but also advises you on your obligations and the tax implications when selling your house.

SUNRISE REAL ESTATE will be happy to give you advice on how to present your property in the best possible way. Even the smallest improvements can increase the value of your property and the interest of the clients.

SUNRISE REAL ESTATE works completely transparent and keeps you informed of all the steps during the sales process.

What does SUNRISE REAL ESTATE offer you?

OUR COMMITMENTS:

• Visit and valuation of your property
• Recommendations to improve the appearance of your property
• Advice on tax and legal matters
• Planning marketing strategy based on your needs
• Presentation of your property on our web site www.maspalomassunrise.com
• Presentation of your property in other important property portals such as Idealista, Fotocasa, Buscocasa, ect.
• Exhibition of your property in modern, illuminated billboards in our store front
• Collaboration with local, national and international agencies
• Member of the Real Estate Association in the Canary Islands ACEGI
• Partner of the German Chamber of Commerce for Spain AHK
• Advertisements in local and international press
• Mailings and newsletter system for our customers in portfolio
• Exclusive advertising on German radio in Gran Canaria
• Postings on our social networks: Facebook, Google+, Twitter, Linkedin and Instagram

“We treat your home with the maximum importance during the sale. We are always there for you!”
Just test us and make an appointment today in your property

Rental Information

If you feel the need to live in the south of Gran Canaria, SUNRISE REAL ESTATE offers a wide range of rental properties, such as:

• Apartments
• Bungalows
• Houses or Villas
• Commercial rooms

There are two different types of rentals:

Long term rent:

Contracts of minimum (12) twelve months, renewable for equal periods up to the legal minimum of five years.

Short term rent:

SUNRISE REAL ESTATE offers you as a special service also the possibility of renting properties for a short term, especially in the winter season. If you are planning your stay for a minimum (6) six and a maximum (8) eight months, consult SUNRISE REAL ESTATE. All our properties have been visited and chosen personally. An early reservation is recommended!

GENERAL INFORMATION FOR RENTALS:

• Rental reservation: Please note that long-term rental properties are usually offered one month before the rental date. Short-term rental properties, especially the properties for the winter season, are better to reserve in advance (6-12 months).
• Furniture: Rentals in Gran Canaria are usually fully furnished, even with washing machine and Sat-TV.
• Balconies and terraces: All apartments usually have at least one balcony and in case of bungalows, houses or duplexes a small garden or terrace.
• Pet ownership: Only allowed with the permission of the owner. Sometimes this is also prohibited by the owner community.
• Additional costs: Water and electricity are paid in most cases by the tenant.
• Deposit or guarantee: Generally, at least one month rent is estimated as a security deposit. This is returned in maximum 30 days after the termination of the contract and the verification of the good condition of the home.
• Brokerage: The cost is paid by the tenant.

OTHER IMPORTANT INFORMATION ABOUT RENT

Since 2013 exist the new regulation of the obligation to obtain an "energy efficiency certificate" for all rental properties. SUNRISE REAL ESTATE helps you to get this certificate.

In accordance with Article 34.2 of Law 10/2010 of 28 April on the Prevention of Money Laundering, all payments and cash transactions in which at least one of the parties operates on a professional or business basis, are prohibited from a total of € 1.000.

Sunrise Service

If you own a property in Gran Canaria, SUNRISE-SERVICE offers a wide range of services, from renting your home temporarily or for a long period, organizing an adequate maintenance of your property or advising you through our contacts in legal or tax matters. In SUNRISE REAL ESTATE you can count on the following services:

• Cleaning your property
• Garden and pool maintenance
• General maintenance
• Repairs
• Renovations with supervision of the work
• Tax advice
• Insurance
• Legal advice - Lawyer
• Architects
• Inheritance execution

Multi exclusive

SUNRISE REAL ESTATE is member of the biggest association of real estate agencies in the Canary Islands ACEGI. This association has a comprehensive network and can deliver your property to up to 200 agents in the Canary Islands through the official Canarian Real Estate Exchange (BOICAN).

What advantages does the Multi exclusive have for the owner?

• The owner deals directly with only one professional but his property will be offered and distributed by all associated real estate agencies
• The owner and his property will have a preferential and personalized attention
• The economic investment made by the agency and its network in materials and human resources multiplies
• It avoids the proliferation of posters of sale on the house that confuse the buyers, and which adversely affects the marketing
• The property automatically multiplies its sales possibilities "time is money"
• The owner can stop worrying about the sale. Your agent is dedicated to it and knows exactly how to sell your property in the best way
• Trust. By granting your trust to the agent, he can be your representative in the sale process and defend your interests
• Affiliated agencies are subject to strict requirements and must sign an ethics code to ensure safe and correct processing
• The multi-exclusive facilitates the sales process immensely. The faster the property is sold the more profitable it is for the seller

Energy Certificate

From June 1, 2013, all buildings, homes and premises that are sold or rented must have an energy efficiency certificate signed by a competent technician. The certificate must be shown to potential customers, giving the original to the buyer or a copy to the tenant. (Real Decreto 235/2013), del 5 de abril 2013. Excludes all properties, which were built after the year 2007.

Gran Canaria

Gran Canaria is the third-largest island in the Canaries’ archipelago, but accounts for almost half the population. It lives up to its cliché as a continent in miniature, with a dramatic variation of terrain, ranging from the green and leafy north to the mountainous interior and desert south. To glean a sense of this impenetrable quality, head to the centre, where the sheer drama of the mountains more resembles the Tibetan highlands than a relatively small island.

Contrasting with these unspoiled peaks and valleys is a rugged coastline interspersed with white sandy beaches and, more famously (and depressingly), a garish tiara of purpose-built holiday resorts.

Beyond the sands, though, Gran Canaria can keep the adrenalin pumping, with scope for hiking, cycling and water sports, while culture-vultures can be similarly satiated, particularly in the historic cosmopolitan capital of Las Palmas.

The climate is subtropical semi-arid for most locations, but it may vary a lot depending on where you are going. For the main touristic resorts the weather is mostly comfortable.

In Maspalomas there is normally 28-33 degrees in July at daytime, which drops to 21-24 by night. In winter, day temperature is normally 23 and by night 16-17. Bad weather can occur, especially between mid-October and March. Temperatures can then drop to 11-12 degrees and be quite windy.

Arguineguín has the best climate, with the least wind, and is, due to its protected location, among the driest in winter too.

Las Palmas has a bit of a different climate, and is sometimes clouded and rain might occur, even in May or June, but it is not very common. If you travel in winter take at least a thick jacket or two. If you plan to travel to the mountains bring or buy a scarf and gloves. The freezing point can be reached on Pozo de Las Nieves.