SPAIN | Essential Guide | Buying Property in Spain

or Choose a Country

or select from our country list:

Property News

Leading property experts in favour of “golden visa” proposal
May 2013
The suggested of a “golden visa” of residency for investors buying properties in Spain over €500,000 has been warmly welcomed...

Istanbul property market goes from strength to strength
April 2013
The buy-to-let property market is alive and well in Turkey and no more so than Istanbul...

Foreign investors favour Turkey right now
April 2013
As a result of the new “reciprocity law” in Turkey foreigners are buying property in Turkey in larger numbers than before....

American House Prices Set To Jump
March 2013
US property is being predicted with an increase of 22% expected over the next 5 years...

Foreign Sales of Spanish Property on the Rise
March 2013
Latest figures show an increase in sales to foreigners, including or perhaps especially Scandinavians...

Spain Starting to Show a Different Side
February 2013
While it is way to early for champagne and fireworks, or even wine and party-poppers in the Spanish property market, it does appear as if things have at least stopped getting any worse...

Read all News Articles >

 

Subscribe to this RSS News Feed

Buying Property in Spain | Essential Guide | Spain

Property in Spain | Spanish Property Buying | Essential Guides

What are the main advantages of buying a new property in Spain?

Our new Spanish homes are covered by a 10 year guarantee.

What other additional costs are there "on top" of the purchase price?

Allow between 10%-12% on top of the purchase price for legal fees, notary fees, land registry, IVA (VAT) or Transfer Tax and Stamp Duty. If you require a mortgage, the lender may charge an arrangement fee and survey fee (the same as in the UK).

Will the property be freehold?

Yes, the property will be freehold.

How is my money protected when purchasing on a development which is under construction?

Legislation introduced by the Spanish authorities is in place, ensuring property developers have bank guarantees and/or insurance to provide for the repayment of any monies in the event of bankruptcy.

Do I need to go to Spain to complete the legal process?

No; you can give your solicitor power of attorney to act on your behalf. However, it is advisable to attend if possible.

What about community charges?

With most new property development is Spain; there is a legal requirement for the purchaser to become a member of the community of property owners, known as "Communidad de Propietarios". Each owner’s contribution is usually related to the size of their plot or apartment. The contribution is intended to cover the expenses related to maintenance, repairs, insurance .etc

What about finance to purchase?

If you are purchasing a new property or "off plan" it is usual for the developer to offer extremely attractive finance arrangements to their purchasers. It is always advisable however, to check the terms and conditions.

Should I use a UK or a Spanish lawyer?

The choice is yours, but your solicitor in the UK would still have to use the services of a Spanish lawyer which would require the payment of two legal bills. Communications from a Spanish lawyer will be in English, so do not be concerned about understanding the documentation.

What will be my annual running costs?

As in the UK, this obviously depends on the size of the property you buy. As a guide the annual running costs for an average 2 bed roomed property in Costa Blanca South should be in the region of £600-£850. This should cover the costs of water, electricity, gas, local rates and contents insurance.

How do I open a Spanish Bank Account?

Your solicitor or agent may do this on your behalf. However, you will require two forms of identification; usually including a driving license and a passport.

Can I take my pets to Spain?

Yes, however you will need recent certificates for all relevant vaccinations from an authorised vet. Your vet will advise on the current procedures.

How good is the Spanish Health Service?

Health care in Spain is considered to be as good as in any country in Europe.

Recently Added Property in Spain

example property

Las Calitas - front line apartments
Area: Cabo Roig, Costa Blanca South Price: €92,000 Location: Seafront Type: Apartment Approach: Quiet Road Built Size: 72m2 Year Constructed: 2009 Bedrooms: 2 Salons/Dining Rooms: 1 Kitchens: 1 B...

2 Beds
Price: £79,914

example property

Aloha Hill Club - Marbella
Nestled amongst Marbella’s most famous golf courses, Los Naranjos, Las Brisas (host to both the World Cup of golf and the Spanish Open) and of course Aloha Golf Club (host to several European Tour eve...

2 Beds
Price: £209,340

example property

Condada de Alhama - rock bottom prices
Rock bottom prices on Polaris World properties. We have a limited number of penthouse apartments from just 54,995 euros. These properties were selling up to 150,000 euros at their peak. These units...

2 Beds
Price: £47,770

example property

Villa Martin - discounts available
SAVE MONEY - AGENTS DISCOUNTS AVAILABLE ON THESE PROPERTIES. BUY NOW AND BENEFIT FROM 50% TAX DISCOUNT Last remaining units now at discounted prices Call our sales team now for further details Ke...

2 Beds
Price: £92,075

Tiba Plaza - new launch!!


Hurghada - Egypt
Tiba Plaza It’s coming to establish the incredibly successful “TIBA'S Projects” development family resorts which are located near of All Tiba's project. Tiba Plaza is located in the fast growing a...

Property Details >

Tiba Nouria - New Launch


Hurghada - Egypt
Tiba Nouria It’s coming to establish the incredibly successful “TIBA'S Projects” development family resort. Tiba Nouria is located in the fast growing area of Al-Ahyaa, which has been recently desi...

Property Details >

Palms Club


Florida - America
Welcome to The Palms Club, this vibrant Mediterranean-inspired environment creates a beautiful, tranquil setting even as the activity swirls non-stop around you. Enjoy as much or as little as you desi...

Property Details >

Kusadasi Spa Village Resort - furnished


Kusadasi - Turkey
Fully furnished apartment on stunning development On the Aegean Coast of Turkey is an unspoiled area of natural beauty, an area of historical and natural containing thermal springs built far away ...

Property Details >

Sousse Apartments Offer


Sousse - Tunisia
We have exclusive access to these fantastic 2 re-sale apartments in Sousse which are fully furnished to a nice for TUNISIAN standards. There are the original deeds available, registrations papers a...

Property Details >

City Spor 2 with gteed rental


Istanbul - Turkey
CITY SPOR 2 DESCRIPTION. Every day peoples’ biggest wish is to see the smiling faces of people they know, to enjoy comfortable living standards and, most importantly, to be in a safe environment. T...

Property Details >

Sandy Lance - Frontline Beach


Calabria - Italy
Sandy Lane Features • Frontline Beach. • Nearby amenities include: school, supermarket, 4 lidos, hotel, Enrico’s (coffee shop/ice cream/pasticeria), Callipo’s (Ice cream & Tuna). • Private ...

Property Details >

The Chezz - pay 70% on completion


Pattaya - Thailand
The Chezz Pattaya Price: THB 1,539,000 Type: Apartment Size: 29 Sq.m City: Pattaya Area: Central Pattaya Development: The Chezz Bedrooms: Studio Handover Date: 30/08/2014 Thailands leadin...

Property Details >

AbaTalay Condos - new launch coming soon


Pattaya - Thailand
ABATALAY CONDOMINIUM at Jomtien Beach Affordable Luxury Ocean Side Condominiums starting at 699,000 Thai Baht A new development in Jomtien that is offering 23.1m2 studios for THB 750,000 (£...

Property Details >

Lanna Koh Samui


Koh Samui - Thailand
Description: Nominated For The 2011 Asian Property Award, Best Residential Development Koh Samui. Following on from our sold out CODE development, Lanna, is a collection of studios, 1 Bedroom apartm...

Property Details >