To the original poster - I think there is little you can do about the price on the notary deed. You will just have to take an accountant's advice as to how to minimise tax on resale at the time of resale.
As for taking the agent to court - do not bother. The court system here is slow, expensive and in most cases corrupt. It will take you years or stress, money and in the end you will likely get nowhere. Believe me I have been going through the legal system now for 2 years to get back the money I was done out of. Still ongoing and their lawyer as tried every dirty trick in the book - launching a criminal case against me for defamation, demanding money from me for various things, the original builder/agent has never once turned up to court and has ignored all legal appeals.
Notary Deed Price - yes it is common practice to put a lower price on but people should have it explained to them the consequences of doing this. I inform clients of the different between the 2, what tax consequences might me and so on, then they can make a decision. Some that are coming to live here decide on the lower price, those that are buying to resell and are in the UK, want the proper price.....
To Dotty - Your question is very wide but basically if buying an apartment you do not need a company to be formed, for land and houses you do. Apart from that procedure for buying more or less the same apart from if buying an off plan property payment s are staged to coincide with development progress, if buying a house say, then you pay deposit on agreeing purchase and signing contract and rest on completion, similar to UK.
Most problems stem from new builds and off plan developments, not older house purchases. But in any case you should ensure a lawyer checks paperwork. If I can help in any way please get in touch.
Rachel
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