Spain: Buying Process

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What are you looking for?

Think about the kind of property you are looking for - The area, size, number of rooms. But keep an open mind. It could be worth looking at different types of properties in different residential areas. By looking at a variety of homes you'll build up your knowledge of the present market values in the area you are looking.

Let us help you

Speak to us to discuss your exact requirements and explain what you'll need the property for. If you're moving to Spain you may want somewhere quieter, but if you plan to rent out the property you may want somewhere more commercial etc. A good agent help you through the whole purchasing procedure.

Legal Issues                                See more about your spanish lawyer

Discuss all legal issues and costs involved with one of our property advisors. We can recommend a solicitor for you to use who will advise and assist you - Before you have decided on a property in Spain it is important to be fully aware of the legal process and costs involved in your property purchase. Whatever property option you choose, your experienced solicitor should anticipate all contingencies.

Administration                            Search for property now

Organise your administration - There are administrational factors that need to be considered prior to your house purchase.

Making an offer

Making an offer - Make your offer in writing if possible (of course, subject to contract), and include not only the price, but also the amount of deposit, when you are prepared to pay it, when you are prepared to complete, what you consider to be included in the price (for example furniture and fittings if applicable) and, an often neglected point, that all machinery equipment and installations should be in normal working order.

When an offer is accepted

When an offer is accepted - The solicitor takes the legal responsibility for checking the land registry and if all is well will then prepare a private contract which will bind both parties to the deal (you will be asked to lodge a deposit on the property, to take the property off the market). The solicitor will next prepare the public deeds (Escritura de Compraventa) for signature in front of a Spanish Notary.

After completion

Immediately after completion - The notary will fax details of the title deed to the local land register to inform them of the identity of the new owner. This will prevent the property from being sold twice. The notary and the land register act together to protect and guarantee your interests. Your solicitor can also arrange for the transfer to your name of utilities and services such as water and electricity and organise their payment through a local bank.

Step By Step Buying Process

1. Appoint an independent Lawyer/Solicitor (Abogado) with Power of Attorney.
2. Pay initial deposit (usually between 2000-6000 euros)
3. Obtain and N.I.E (foreigners Tax ID number required for Non-residents)
4. Private contract is signed and this usually takes place within one month.
5. For new properties a deposit of 30% -50% is then paid (less initial deposit)
6. For re-sale property 10% of the purchase price is usually paid to the vendor. 
7. Completion takes place at the Notary’s office with the title deed (Escritura)
8. Property registration takes place at the Land Registry
9. The Notary handles the relevant Transfer Tax
10. Lawyer sets up Spanish Bank account and essential utilities for new owner.  

  Search for property now       Click here to speak to your Property advisor today.