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Property in Spain - Buying Guide
If you are thinking to buy a property in Spain as an investment you should take into account the following issues.Do not rush in to buy a property in Spain. First visit the property several times think about all disadvantages if there are any.
Do all the checks related to the property and take into consideration all the drawbacks.
Do not hesitate to ask your estate agent or lawyer as many questions as possible regarding the property.
All properties in Spain are registered in the Registro de Propiedad that shows who is the rightful owner.
From Registro de Propiedad you can also find out if there are any mortgages on the property and its size.
In one word, before you buy, you should check the property register. (Registro de Propiedad)
In order to start the buying process in Spain it is advisable to hire a very good lawyer.
It would be even better if the lawyer is recommended by a friend.
All the legal checks need to be done with the local town hall, to ensure that for example a new motorway is not going to be build within a short distance of your property.
It's also indicated to find a lawyer in your own country, one who is specialized in Spanish property law.
He will also make the pre sale contract, pay the 10% deposit on the property and accompany you at the notaries to finalize the sell.
If the seller changes his mind, in some cases, he will have to pay twice the amount, depending on the wording of the agreement.
If you are not able to find the right property on your own, it is advisable to use the services of an estate agent.
The average commission charged is 6% sometimes higher.
Some of the popular hot property areas are:
Costa Blanca, Costa Almeria Costa del Sol,Costa Brava,Costa Calida,Costa de la Luz, Balearics ,Canary Islands,Costa Dorada,Costa Tropical
