Useful Advice for Buyers
Below you will find some information which may be useful if you are considering buying property in Spain. We may be able to help you with further information if you wish to Contact Us.
If you are buying a new house.
Once the property has been found, a 2,000 GBP deposit is required to fix the price and reservation. An initial contract is then drawn up showing the payment schedule. 50% of the purchase price will be due within 30 days when you will recieve the contract from the builder / Developer.
If you are buying a resale property.
A 10% deposit is normally required to reserve the property, the balance is then paid on completion - normally within 8 weeks.
Taxes and other expenses.
Allow approximately 10% to 12% on the house purchase price to cover Spanish transfer tax, legal fees, notary registration etc.
We can recommend English speaking Lawyers who are only too happy to explain each step to you and they will encourage you to make a Spanish will as early as possible.
Short term Accommodation for Buyers.
If you require somewhere to stay, for a few days, whilst viewing or completing the buying process, please Contact Us as we can often arrange a few days accommodation at short notice.
