The Buying Process:

Buying property in Spain can be compared to the process in the UK. The consideration is to add around 10% on for fees and government taxes. There are maybe some differences in purchasing a resale property compared to a new development, however we can advise you of the process.

Here we have simplified the buying process for you:

• You give us your property requirements

• We arrange a viewing trip to view a selection of properties that match your requirements or we send you details of the properties that you have chosen from our website.

• We arrange for a meeting with our recommended mortgage advisor and legal advisor either in the UK or in Spain.

• For a resale property, the agent will have made checks to suffice that the vendor owns the property and a lawyer will check the property thoroughly including legal title, any mortgage or charge made against the property and any outstanding bills on the property.

• You sign a contract and place a deposit to secure the property purchase, usually 10% if it’s a resale working up to 25% if it’s direct from the developer.

• The remaining balance is payable on a resale by signing the title deed in the Notary’s office, for new developments the developer will have already told you about the payment structure.

• The registration of the deeds is carried out in the Registro de la Propiedad (property registry).

• The property is now yours.

>> Back <<