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Buying a home in spain pitfalls

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The key to making a successful purchase of property in Spain is to take early advice from a good quality independent Spanish lawyer. If you are unfamiliar with the. Thinking you can do it differently here. Buying property abroad can be a minefield but is likely necessary as part of your dream move to the sun. Let our guide to buying property in.

This course of action can have devastating consequences. That said, if you make the informed decision of using a lawyer, then make sure that you use a lawyer who speaks your language fluently, is independent of the seller and any estate agent, is registered with the Colegio de Abogados and has significant public liability insurance some have very low cover. Finally, make sure that all advice provided is in writing and keep a copy.

Sadly, the standard of legal practice in Spain is generally often poor, and is notable for conflicts of interest and sloppy practice. So, make sure that you spend time to obtain the best possible lawyer — before you start looking at properties. Never sign anything unless your lawyer is present and it is translated into your language.

This may seem obvious, but people repeatedly sign documents without fully understanding their meaning. Never confuse your relationship with an estate agent, and never let him become involved in the conveyancing of your intended property. Every agent is a salesman with one aim, and that is to gain a sales commission.

The latter can be very high in Spain up to 18 percent! Indeed, your sale may represent, in sales commission to the agent concerned, more than an average Spanish salary. So, turn to objective professionals such as lawyers and surveyors , for all advice and investigations.

Once again, it is amazing how few people use a building surveyor prior to buying a Spanish property. While it is certainly not common practice to solicit these services in Spain, it is still recommended that you do so, despite what people may tell you. Needless to say, the long property boom in Spain has led to many variations of quality in property construction. While some building has been of the highest standards, this has been matched by some very poor and sub-standard building, which you should make an effort to avoid at all costs!

Oddly enough, the profession of building surveying as understood in the UK does not exist in Spain. However, there are some really excellent UK fully qualified building surveyors in Spain who will undertake a proper and rigorous building survey.

Use one — but make sure that he is fully qualified, and has valid insurance to undertake a survey in Spain. Make sure that your intended property has mains water, electricity and telephone land line. Every Spanish property in an Urbanizado area should have mains water, electricity and telephone landline with ADSL available. If the property does not - then be very wary, as your intended property may not really be Urbanizado ; and, if that is the case, it may never be connected to these services — regardless of what your agent or the seller may be claiming.

Always buy as if you are going to re-sell your intended property. A classic error of many buyers is that they buy a property in Spain that is suitable for only a tiny proportion of the buying market, thus making any re-sale very difficult. Almost by definition, any property purchase abroad may not be for ever, whether it is for a holiday or intended for permanent living.

Examples are steep plots, many stairs up to or down to a property entrance, problems with parking, shade from the sunshine common to hilly areas , too few bedrooms a minimum of three is good , noise from nearby roads, lack of privacy, nearby electricity pylons, bars and restaurants close by, an overwhelming density of foreigners which may put off Spanish buyers — who are the biggest buying market , etc.

Choose your location very carefully, particularly if you are buying a property for permanent living in Spain. A crude guideline for buying in Spain for permanent life could be summarised as being somewhere that is:.

Preferably, the sea for re-sale and rental purposes should be no further than 15 to 20 minutes from your intended property. A bargain property is not the same as a good value property. The Spanish property crash has resulted in a vast number of properties being for sale, some of which are now priced breathtakingly low. However, do not be mesmerised by low prices. There is invariably a good reason why a property has a very low price, and this may be because it is a deeply flawed property.

So find out the objective reason for its pricing before buying, and be sceptical of over-cheap properties. If you follow the rules listed above, you will buy safely in Spain, and will likely be rewarded with a property that will not only be a sound investment, but also a home that can provide you with real joy. I am a journalist and author of five books — three of which are about Spain details of which can be seen on my Culture Spain Blog.

I have lived in Spain since and I run an estate agency that specialises in property around Gandia, which lies to the south of Valencia city. To this end, I produce article PR for businesses that need to improve their profile and market their products and services on the Internet. I also ghostwrite 'copy' and undertake investigative articles for publications.

Aetna offers award-winning international health insurance plans to more than 55 million members worldwide. If the house was built ilegally, you may end up paying to comply with the current local legislation. We warmly recommend you to get a surveyor to check the current status of the building and get a certificate, as well as the available reports from the city hall or local authority.

Assuming that the final price is the one you see on your contract. Bear in mind that buying a house emplies additional costs, such as paying property tax, registering the house in the Land Registry and covering the notary fees.

The cadastral value rateable value is established by the local authority and is used to calculate the amount of tax to be payed on the house. If the rateable value happens to be higher than the market price, the tax burden will be higher.

It is essential to calculate this at the moment of the purchase. Otherwise, the tax authority can claim back the difference months after you have signed your contract, including a penalty. Engaging in endless renovations. Many small construction companies can be unreliable or may give you a false estimate of the works. We thereofre recommend to choose a building which needs little improvement.

For any renovation works to be performed, sign an official contract. Not understanding your contract. Buying property is a big investment that generates a number of responsibilities. It is therefore of vital importance to have all terms checked by a professional lawyer. Postponing your NIE application. The NIE is your foreigner ID in Spain, which is absolutely necessary for buying a house and start with the legal conveyancing.

750,000
* €/m2
Spanish Property Insight
179 m2 | 7 bedrooms | 1 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Other properties haven't passed the technical building inspection (ITE) and there could be fines for that. Be aware that as well as looking for an. Thinking you can do it differently here. The first thing to appreciate is that you can buy Spanish property safely! Most people do - although a significant number still end up with problems.

The information provided in this article is not intended to be legal advice, but merely conveys general information related to legal issues. Renting out your property in Spain as a foreigner. In this article we will try to summarise the most common pitfalls one has to face when buying property in beautiful Spain : Choosing the same lawyer as the seller of the property. If you both hire the same lawyer, this person will have a greater chance to make a profit on your purchase.

Remember to look for a lawyer who represents your own interests and negotiates the best deal for you. Doing insufficient research about the house. Not only the area where the house is built, but also the licenses for building are of great importance when buying a house in Spain. Especially if you are thinking of buying in a rural area , there are many constraints to the size and location in which a house can be built.

If the house was built ilegally, you may end up paying to comply with the current local legislation. We warmly recommend you to get a surveyor to check the current status of the building and get a certificate, as well as the available reports from the city hall or local authority.

Assuming that the final price is the one you see on your contract. Bear in mind that buying a house emplies additional costs, such as paying property tax, registering the house in the Land Registry and covering the notary fees. The cadastral value rateable value is established by the local authority and is used to calculate the amount of tax to be payed on the house.

If the rateable value happens to be higher than the market price, the tax burden will be higher. It is essential to calculate this at the moment of the purchase. Otherwise, the tax authority can claim back the difference months after you have signed your contract, including a penalty. Engaging in endless renovations. What I will share is the path that led me to Valencia in the hope that this might help you with your own decision… even though my path may convince you that Valencia and possibly all of Spain is not right for you.

Here is a list of the influencers that I used to determine if Spain was the best option for me. I have also included some important questions I considered during my search but which may also apply to a property search in any country.

I chose Valencia because I wanted a pedestrian friendly, walkable city that would allow me to live downtown without owning a vehicle. Ask yourself:. I spent most of my life in Nashville, Tennessee. The metropolitan area of Valencia is estimated to be approximately 1.

So my transition to Valencia was easier than if I had chosen a much larger city such as Barcelona population 4. I wanted a significant university presence. Valencia has a university with an estimated 50, students at its three main campuses. I wanted history. Valencia was founded in B. I wanted entertainment options—Orquesta de Valencia, multiple venues for opera, ballet, the Berklee College of Music campus, and more.

When I bought my apartment I was 64 years old. I concluded that income would be a good thing and appreciation potential less important. If you have celebrated your 50th birthday your time horizon might dictate a much different set of guidelines for a purchase. My original intention was to spend six months a year in Valencia and six months in another country, probably in North America.

That is still my long-term plan. Spain is ranked in the top eight best health care systems in the world. Valencia opened the largest hospital in Europe five years ago.

A Spanish private health insurance policy for a person aged 65 or older is euros per month. Some countries offer expedited residency with a reasonable property purchase, a modest business investment, or a monetary deposit in a local bank.

Spain offers a Golden Visa with a purchase of , euros or more. This minimum requirement limits the number of applicants to a small universe of wealthy investors. Many countries have a significantly lower tax rate for foreign investors.

Portugal, under the Non-Habitual Resident program, grants significant reductions during the first 10 years after an individual declares Portugal to be his or her tax residency. Spain offers no such abatement program. The good news? As of January , the foreign currency exchange rate of the U. This does not include the modest property appreciation I have realized. Apartment purchases in Valencia today, converting from U. These management costs can be reduced with property rentals longer than 30 days, but long-term rentals are not as lucrative as short-term rentals.

Now a writer, Mike currently aspires to find a rural cottage in a country yet to be determined that complements his Spanish apartment in the central historic district of Valencia. The Overseas Property Alert features a weekly dispatch from our far-flung network of editors, experts, and friends detailing the best opportunities today for purchasing, owning, and managing global real estate. Wednesday, May 27, January 23, Share on Facebook Share on Twitter. Let me explain… Recently I was looking at properties with an American couple of retirement age, who were in Valencia for the first time.

First Things First I share this story because when buying a property overseas , you must be clear about your objectives. Initial Considerations 1. Urban Or Rural?

785,000
* €/m2
The 10 pitfalls of buying property in Spain
224 m2 | 3 bedrooms | 7 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
I can think of some good reasons not to buy a home in Spain, and I know of many people who rue the day they ever bought a Spanish property. in the wrong location. Don't we all sometimes dream of living in a house under the Spanish sun - whether your idyll is inland, on the coast or on any of the beautiful.

Not understanding your contract. Buying property is a big investment that generates a number of responsibilities. It is therefore of vital importance to have all terms checked by a professional lawyer. Postponing your NIE application. The NIE is your foreigner ID in Spain, which is absolutely necessary for buying a house and start with the legal conveyancing.

Besides, being faster gives you an advantage over other applicants. Trusting everything the real estate agent says. Real estate agents usually try to encourage a fast and emotional buying process. Therefore, we suggest trying different agents, to compare their different offers and analysing their behaviour. Check if there are big differences in the price of a square meter in the same area. Once you have all your paperwork ready, take your time to look into the details and negotiate the conditions of your contract.

While it is certainly not common practice to solicit these services in Spain, it is still recommended that you do so, despite what people may tell you. Needless to say, the long property boom in Spain has led to many variations of quality in property construction. While some building has been of the highest standards, this has been matched by some very poor and sub-standard building, which you should make an effort to avoid at all costs!

Oddly enough, the profession of building surveying as understood in the UK does not exist in Spain. However, there are some really excellent UK fully qualified building surveyors in Spain who will undertake a proper and rigorous building survey.

Use one — but make sure that he is fully qualified, and has valid insurance to undertake a survey in Spain. Make sure that your intended property has mains water, electricity and telephone land line.

Every Spanish property in an Urbanizado area should have mains water, electricity and telephone landline with ADSL available. If the property does not - then be very wary, as your intended property may not really be Urbanizado ; and, if that is the case, it may never be connected to these services — regardless of what your agent or the seller may be claiming. Always buy as if you are going to re-sell your intended property. A classic error of many buyers is that they buy a property in Spain that is suitable for only a tiny proportion of the buying market, thus making any re-sale very difficult.

Almost by definition, any property purchase abroad may not be for ever, whether it is for a holiday or intended for permanent living. Examples are steep plots, many stairs up to or down to a property entrance, problems with parking, shade from the sunshine common to hilly areas , too few bedrooms a minimum of three is good , noise from nearby roads, lack of privacy, nearby electricity pylons, bars and restaurants close by, an overwhelming density of foreigners which may put off Spanish buyers — who are the biggest buying market , etc.

Choose your location very carefully, particularly if you are buying a property for permanent living in Spain. A crude guideline for buying in Spain for permanent life could be summarised as being somewhere that is:. Preferably, the sea for re-sale and rental purposes should be no further than 15 to 20 minutes from your intended property. A bargain property is not the same as a good value property.

The Spanish property crash has resulted in a vast number of properties being for sale, some of which are now priced breathtakingly low. However, do not be mesmerised by low prices. There is invariably a good reason why a property has a very low price, and this may be because it is a deeply flawed property. So find out the objective reason for its pricing before buying, and be sceptical of over-cheap properties. If you follow the rules listed above, you will buy safely in Spain, and will likely be rewarded with a property that will not only be a sound investment, but also a home that can provide you with real joy.

I am a journalist and author of five books — three of which are about Spain details of which can be seen on my Culture Spain Blog. I have lived in Spain since and I run an estate agency that specialises in property around Gandia, which lies to the south of Valencia city.

To this end, I produce article PR for businesses that need to improve their profile and market their products and services on the Internet. I also ghostwrite 'copy' and undertake investigative articles for publications. For now you can see them here: Reasons not to buying property in Spain.

Buying a property in Spain is right for some, but not for others, and in my experience too many people make their decision to purchase based on dreams and wishful thinking, and live to regret it. I live between Madrid and Toledo Very much regret buying property in Spain. First the taxes. As personal allowance in only in the region of Euros.

You need permission to do anything to your property and have to pay for the privilege. Examples are moving earth from one place to another on your own property. Putting up a fence around property. Painting the exterior of property anything and you cannot claim any money back on taxes when you sell.

Taxes on the property when you do sell. You need permission for everything in Spain. The Spanish are very good at taking money from you with a smile. Vehicles on second hand market are a nightmare and I am very mechanically minded. Trust no one. I live in a very rural and have security system but have been robbed twice from surrounding grounds not house. Mostly opportunist theft. Now have a property in Portugal. So my advise is forget Spain Portugal is a far better bet.

Good things about Spain, great road system. With very little traffic. Paid for by EU funds. Could go on and on but will close now on subject. There are some very good agents I was one myself and Fred Van Kirmpen, who commented earlier is another and I will happily work with the few I trust,.

Of course, as property finders working for the buyer we can also access properties that are privately for sale and have many clients who bought a property that they would never have seen if they only used estate agents. But the reality is that few people take the time and trouble to do the due diligence required to buy in what for most is a foreign country and they are way out of their comfort zone. Over many years in the business I have never come across a problem that would not have been avoided if the proper research had been done.

You must be logged in to post a comment. Raymond has been practicing law since He also has international experience, having worked for several years in the United Kingdom for a leading British multinational. Using the extensive knowledge and experience gained, he set up his own practice in Marbella.

He advises mainly UK and non-UK domiciled clients. His main areas of expertise are conveyancing and non-resident taxation.

183,000
* €/m2
258 m2 | 3 bedrooms | 6 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Don't we all sometimes dream of living in a house under the Spanish sun - whether your idyll is inland, on the coast or on any of the beautiful. Knowing what to expect when buying property in Spain can help avoid any pitfalls of setting up your life abroad. Factors to be aware of when. albir-properties-for-sale.com.ru › blog › your-money › living-abroad › buy-ho.

My lawyer was very supportive, interested in my needs, able to clarify my situation and explain the process and the various options open to me.

Francisco advised and managed our recent property purchase in Fuengirola with such friendly professionalism that the whole process was effortless, smooth and completely stress-free!

Francisco was great at responding to our many questions, quickly addressing any concerns we had and resolving issues judiciously.

His advice and guidance has been invaluable and the service provided, from start to completion, has been excellent and great value for money. We are more than happy to recommend Francisco to friends, family and all. Alvaro was professional, approachable, and very responsive while supporting me with the formal and legal processes in assisting me purchasing my new home in Spain.

To improve the service I would suggest to provide a formal summary document of all legal services and formality checks carried out on the property purchase process, as done in the UK as a final overall document given to the client.

We had some serious challenges in the beginning with the first apartment we wanted to buy and Beatriz went more than all the way to help - we felt so secure in her hands, and still do. Beatriz was recommended to us by a very good Danish friend in Spain and was he right :- So we give her our best recommendation. He always responded promptly to any enquiries and really took time to explain things I wasnt sure about.

This is the second time we have used Jose. Excellent service, Excellent value for money, replied to emails within two hours. We just told Jose what we wanted and he just got on with it.

I can't praise him highly enough. There is no need for improvements. Beatriz was extremely professional and provided an expert service.

She understood our requirements, was very approachable and responded to all questions quickly. She explained the differences in legal requirements between the UK and Spain clearly and helped us to understand them.

We would highly recommend Beatriz for any legal services. We can't think of anything we would like to see improved about the service we received from Beatriz and would have no hesitation in contacting her again if we required any further information. Rosa is helpful and very easy to get on with. She knows many other people in the Mallorca property and legal sectors and I'd recommend her.

Her English is very good and there were never any language problems on either side. She is professional, dedicated and took care to understand the needs of my situation. Her service offers exceptional value for money and gives complete peace of mind. Juan was extremely helpful during every part of the purchase. As I was buying an older property there were slight complications but Juan explained every issue and managed to work through the difficulties with supreme efficiency.

Also there was a ridiculous situation with my Spanish bank account where I could not access the money even though it was in the account. Thankfully I had given Juan power of attorney and he managed to sort-out the problem.

He went above and beyond the call of duty and I am very grateful for all his help. I would strongly recommend him to anyone looking to buy in the Almeria region. We were very satisfied with the service we received. Rosa dealt with the matter in hand promptly and efficiently. Very satisfied with the service. Francisco is bilingual English-Spanish and was always quick to respond and was very professional at all times. Rosa dealt with everything efficiently and promptly and went beyond our expectations by helping us to open a Spanish bank account and deal with other minutiae.

Went over and above his job and more. I would only use his services if I need legal services. I were very lucky to find Jose first time round. I'm very pleased with services I received. Buying a house from abroad is not an easy job and thanks to Francisca everything was clear.

Cristina immediately understood our requirements and was essential in guiding us through a very tricky process. Alvaro assisted me during my experience at advocate abroad, and he was so kind. He answered any questions I had, and made me feel completely at ease. Francisca was extremely helpful. She made the whole process easy to understand. I would definitely recommend her service to friends. A lady staff member took us under her wing and managed to sort out my residency.

Overall no complaints. She was helpful, efficient, always quick to return our communications and a pleasure to deal with. We have already recommended her services to a friend. Felt very comfortable at all times. Nothing was too much. Understood everything mentioned in our meeting. Very reasonable rate, money wise. She was very professional and reassured us throughout the process. Her english was very good and we felt that we got good value for our money. Her fee was very reasonable and she proved to be a very personable and approachable person when we finally met at the Notary.

Jose Antonio was very professional and has assisted me in every step of the purchase of my flat in Alicante.

He also assisted me by advising of the most suitable area according to my needs. His commitment and dedication is excellent. Esther speaks both Spanish and English, and is very friendly, professional and genuine. She took care of the whole purchasing process and explained all the steps for us, including giving advice on Spanish bank account, NIE numbers etc.

We are very pleased with all the help we have received and can highly recommend Esther. Thank you so much! Responsive and always available. Extremely helpful - we did not understand the process and she guided us through. Kristina was extremely helpful throughout the process of buying my property in Spain. She was very easy to reach at all times and very professional.

I would highly recommend Kristina to anyone buying a property in the area. Miguel is fantastic, his English is superb. He responds clearly and concisely and always quickly too. He is helpful and approachable and has always answered all my questions very thoroughly. Erardo was very professional, always available and most courteous in all the dealings I had with him. She is available to meet with us on short notice, is attentive to our needs, answers each of our questions fully and provides appropriate legal solutions.

Inma is bilingual which has simplified communication and avoids misunderstandings. Her fees are definitely value for the money paid, and we will continue to seek her professional services. Jose was excellent from my initial contact to the exchange of the contracts, always responding quickly to my emails even out of work hours, very professional and understanding.

Jose made the whole experience stress free and quite enjoyable, I would highly recommend him for anybody needing legal advise or business abroad. Jose-Antonio was very helpful, always happy to assist. I was very satisfied with the service and would definitely use this lawyer again. A very strange phenomenon with lawyers in Spain - she was working for me rather than just trying to line her own pockets! I am recommending him to my friends on their legal matters - everything was above my expectations.

I found Erardo very approachable, he always answered all the questions that we asked of him quickly, giving us all the information we needed. We would recommend him to others if asked. We bought a house in Ibiza and Cristina showed immediately a high degree of professionalism and deep knowledge of the whole process - from the initial offer to the final completion of the purchase. She also dealt on our behalf, with registering us with the utilities companies Water, Electricity and other things, for which we were really grateful.

Cristina is a lovely young lady, always ready to help and very polite and her written and spoken english is so very good that there were never any communication problems. Our queries were dealt with quickly and, when needed, she offered explanations, suggestions and alternatives. All in all a very pleasant experience; we told her we wanted to retain her as our solicitor in Ibiza for any future needs and she readily accepted.

We liked everything about the service we received from Jaime: he was bilingual and he was so much more approachable than lawyers in the UK. Really helpful, bilingual, quick at getting back to me, punctual, really knows her stuff, and a lovely person to work with. Inmaculada always responded promptly to all communications.

Inma fully understood both my requirements and the relevant Spanish legal system. She offered good advice on both general and specific areas of business. Inma was clear about the potential costs involved in her services and I felt that these were great value for money.

Extremely approachable and professional. I can not thank her enough. My lawyer was responsive, had lots of information, and was able to meet at a location convenient for me. Cristina helped us with every aspect of a complicated house purchase. Cristina was understanding, very responsive, she went out of her way to help us.

She also often was available outside of normal working hours. Nothing was too much trouble. The service was great value for money also. I have recommended Cristina to others, and would happily do so again. Cristina has recently undertaken some further work for us. Excellent service. I am a lawyer myself and must have stormed Alvaro with thousands of questions. He immediately replied to all my queries.

He is a really helpful and approachable person. I will not hesitate in recommending his service to anyone. If I have to rank him out of 10 he will get 9 for sure.

Very hard working and obliging. Always available for calls and emails from the UK. Over a very extended period Jose remained very focused, professional and friendly. Oddly enough, the profession of building surveying as understood in the UK does not exist in Spain. However, there are some really excellent UK fully qualified building surveyors in Spain who will undertake a proper and rigorous building survey.

Use one — but make sure that he is fully qualified, and has valid insurance to undertake a survey in Spain. Make sure that your intended property has mains water, electricity and telephone land line.

Every Spanish property in an Urbanizado area should have mains water, electricity and telephone landline with ADSL available. If the property does not - then be very wary, as your intended property may not really be Urbanizado ; and, if that is the case, it may never be connected to these services — regardless of what your agent or the seller may be claiming.

Always buy as if you are going to re-sell your intended property. A classic error of many buyers is that they buy a property in Spain that is suitable for only a tiny proportion of the buying market, thus making any re-sale very difficult. Almost by definition, any property purchase abroad may not be for ever, whether it is for a holiday or intended for permanent living.

Examples are steep plots, many stairs up to or down to a property entrance, problems with parking, shade from the sunshine common to hilly areas , too few bedrooms a minimum of three is good , noise from nearby roads, lack of privacy, nearby electricity pylons, bars and restaurants close by, an overwhelming density of foreigners which may put off Spanish buyers — who are the biggest buying market , etc.

Choose your location very carefully, particularly if you are buying a property for permanent living in Spain. A crude guideline for buying in Spain for permanent life could be summarised as being somewhere that is:. Preferably, the sea for re-sale and rental purposes should be no further than 15 to 20 minutes from your intended property. A bargain property is not the same as a good value property. The Spanish property crash has resulted in a vast number of properties being for sale, some of which are now priced breathtakingly low.

However, do not be mesmerised by low prices. There is invariably a good reason why a property has a very low price, and this may be because it is a deeply flawed property. So find out the objective reason for its pricing before buying, and be sceptical of over-cheap properties. If you follow the rules listed above, you will buy safely in Spain, and will likely be rewarded with a property that will not only be a sound investment, but also a home that can provide you with real joy.

I am a journalist and author of five books — three of which are about Spain details of which can be seen on my Culture Spain Blog. I have lived in Spain since and I run an estate agency that specialises in property around Gandia, which lies to the south of Valencia city. To this end, I produce article PR for businesses that need to improve their profile and market their products and services on the Internet. I also ghostwrite 'copy' and undertake investigative articles for publications.

Aetna offers award-winning international health insurance plans to more than 55 million members worldwide. Their plans are tailored to meet the individual needs of you and your family while you are away from your home country, living and working abroad. Get peace of mind knowing you and your family will be protected and have access to quality health care wherever you are, where you need it. If the house was built ilegally, you may end up paying to comply with the current local legislation. We warmly recommend you to get a surveyor to check the current status of the building and get a certificate, as well as the available reports from the city hall or local authority.

Assuming that the final price is the one you see on your contract. Bear in mind that buying a house emplies additional costs, such as paying property tax, registering the house in the Land Registry and covering the notary fees. The cadastral value rateable value is established by the local authority and is used to calculate the amount of tax to be payed on the house. If the rateable value happens to be higher than the market price, the tax burden will be higher.

It is essential to calculate this at the moment of the purchase. Otherwise, the tax authority can claim back the difference months after you have signed your contract, including a penalty.

Engaging in endless renovations. Many small construction companies can be unreliable or may give you a false estimate of the works.

We thereofre recommend to choose a building which needs little improvement.

996,000
* €/m2
Main navigation
168 m2 | 7 bedrooms | 9 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Don't we all sometimes dream of living in a house under the Spanish sun - whether your idyll is inland, on the coast or on any of the beautiful. in the wrong location. albir-properties-for-sale.com.ru › blog › your-money › living-abroad › buy-ho.

If the rateable value happens to be higher than the market price, the tax burden will be higher. It is essential to calculate this at the moment of the purchase. Otherwise, the tax authority can claim back the difference months after you have signed your contract, including a penalty. Engaging in endless renovations. Many small construction companies can be unreliable or may give you a false estimate of the works.

We thereofre recommend to choose a building which needs little improvement. For any renovation works to be performed, sign an official contract. Not understanding your contract. Buying property is a big investment that generates a number of responsibilities.

It is therefore of vital importance to have all terms checked by a professional lawyer. Postponing your NIE application. The NIE is your foreigner ID in Spain, which is absolutely necessary for buying a house and start with the legal conveyancing.

Besides, being faster gives you an advantage over other applicants. Trusting everything the real estate agent says. Real estate agents usually try to encourage a fast and emotional buying process. Therefore, we suggest trying different agents, to compare their different offers and analysing their behaviour. Check if there are big differences in the price of a square meter in the same area.

Esther speaks both Spanish and English, and is very friendly, professional and genuine. She took care of the whole purchasing process and explained all the steps for us, including giving advice on Spanish bank account, NIE numbers etc. We are very pleased with all the help we have received and can highly recommend Esther.

Thank you so much! Responsive and always available. Extremely helpful - we did not understand the process and she guided us through. Kristina was extremely helpful throughout the process of buying my property in Spain.

She was very easy to reach at all times and very professional. I would highly recommend Kristina to anyone buying a property in the area. Miguel is fantastic, his English is superb. He responds clearly and concisely and always quickly too. He is helpful and approachable and has always answered all my questions very thoroughly. Erardo was very professional, always available and most courteous in all the dealings I had with him.

She is available to meet with us on short notice, is attentive to our needs, answers each of our questions fully and provides appropriate legal solutions. Inma is bilingual which has simplified communication and avoids misunderstandings. Her fees are definitely value for the money paid, and we will continue to seek her professional services.

Jose was excellent from my initial contact to the exchange of the contracts, always responding quickly to my emails even out of work hours, very professional and understanding. Jose made the whole experience stress free and quite enjoyable, I would highly recommend him for anybody needing legal advise or business abroad. Jose-Antonio was very helpful, always happy to assist. I was very satisfied with the service and would definitely use this lawyer again.

A very strange phenomenon with lawyers in Spain - she was working for me rather than just trying to line her own pockets! I am recommending him to my friends on their legal matters - everything was above my expectations. I found Erardo very approachable, he always answered all the questions that we asked of him quickly, giving us all the information we needed. We would recommend him to others if asked. We bought a house in Ibiza and Cristina showed immediately a high degree of professionalism and deep knowledge of the whole process - from the initial offer to the final completion of the purchase.

She also dealt on our behalf, with registering us with the utilities companies Water, Electricity and other things, for which we were really grateful. Cristina is a lovely young lady, always ready to help and very polite and her written and spoken english is so very good that there were never any communication problems.

Our queries were dealt with quickly and, when needed, she offered explanations, suggestions and alternatives. All in all a very pleasant experience; we told her we wanted to retain her as our solicitor in Ibiza for any future needs and she readily accepted. We liked everything about the service we received from Jaime: he was bilingual and he was so much more approachable than lawyers in the UK.

Really helpful, bilingual, quick at getting back to me, punctual, really knows her stuff, and a lovely person to work with. Inmaculada always responded promptly to all communications. Inma fully understood both my requirements and the relevant Spanish legal system.

She offered good advice on both general and specific areas of business. Inma was clear about the potential costs involved in her services and I felt that these were great value for money.

Extremely approachable and professional. I can not thank her enough. My lawyer was responsive, had lots of information, and was able to meet at a location convenient for me. Cristina helped us with every aspect of a complicated house purchase.

Cristina was understanding, very responsive, she went out of her way to help us. She also often was available outside of normal working hours. Nothing was too much trouble. The service was great value for money also.

I have recommended Cristina to others, and would happily do so again. Cristina has recently undertaken some further work for us. Excellent service. I am a lawyer myself and must have stormed Alvaro with thousands of questions.

He immediately replied to all my queries. He is a really helpful and approachable person. I will not hesitate in recommending his service to anyone. If I have to rank him out of 10 he will get 9 for sure. Very hard working and obliging. Always available for calls and emails from the UK. Over a very extended period Jose remained very focused, professional and friendly. Rosa was extremely professional and helpful and made the process of buying a property from the UK very simple.

Not only did she walk us through the Spanish legalities of the purchase but she also helped us get our new home set up with utilities, furniture and even a car purchase.

Rosa did everything so that when we arrived we could move straight in. I would highly recommend her services. Jose was very helpful and kept us well informed and looked after our interests on the actual exchange day rather than being bullied by the vendors legal solicitor.

Considering it was all done from a distance and via email the transactions all went very smoothly thanks to Jose. My wife and I are very pleased with the services we received when we acquired an apartment near Alicante. We have also been assisted in resolving practical issues regarding the take over of our apartment. We definitely see that we have received great value for money. Oliver is the best of the best. Nothing is too much trouble and always contactable. Always provides a very good service for very reasonable price.

Oliver was extremely helpful and easy to communicate with. He dealt with my matter with professionalism and confidence. His service was very good value for money and he explained the whole process from beginning to end. Miguel has always been extremely approachable, helpful and given sound advice.

He has kept us informed at every stage and quickly answered questions to help us make informed decisions. We feel like we have had value for money and will definitely use Miguel as our only lawyer for all Spanish business. He has been fantastic! Very professional. Inma was very helpful, made everything so easy and very patient with all my questions as I am a worrier.

Jose was very helpful and couldn't have done more for us. The advise was good and very professional. The fees were fair and reasonable and the lawyer was responsive, professional and helpful, particularly in explaining and translating documents written in Spanish.

Jose Antonio always got back to us promptly and was very good at explaining the legal terms so that we could fully grasp the implications of any Court processes. He was pragmatic and although positive, kept us informed of possible outcomes both positive and negative. This enabled us to make informed decisions at all times. At all times, I felt that Jose Antonio had confidence in his own ability and was fully competent, without being arrogant.

We bought a flat near El Campello and Jose Antonio made it stress free and straightforward. I could not recommend him more highly. The whole process of purchasing a property in Spain was very clearly explained alongside different options we would have at each stage.

Jose Antonio always responded within a day and also prompted us when he needed information. He was always able to fit in around our schedule when we were in Spain for short visits. I thought the price was good value. Beatriz was extremely helpful and willing to assist with a variety of questions and requests, some not necessarily in the scope of her role.

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Testimonials for our Property Purchase service. Miguel provided a faultless service throughout the purchase of our property in Oviedo. Go to Google Review. Jose was Professional and very prompt to respond, good value for money and is approachable.

Thank you, Ramon was most informative , very clear and offered great advice. We hope to be back in touch.

We highly recommend his legal services for any such real estate transaction. Rosa was extremely helpful in assisting me buying a house in Maiorca. Calls were always returned and questions always answered. Great value for money. Her English is also first class. Thank you for all your help. Francisca was extremely professional, great communication throughout the purchasing process. Jose was extremely helpful - I would definitely recommend him to friends.

I always felt relieved after each consultation. First class in all aspects. He was consistent in all communication and very informative. Beatriz has been extremely helpful all through the process of buying our apartment. We will continue to use her service and promote her to anyone who needs a lawyer.

Absolutely spot on service, very impressed! Rosa spoke English more or less fluently. Very satisfied with the service provided. Beatriz has always been friendly and helpful. Would definitely recommend the service to friends. Francisca provided a perfect service! A perfect relationship between client and professional. Thank you jose. She's very efficient and I highly recommend her! My lawyer Francisca offered value for money and was very helpful. Will use her again.

I knew I was in the hands of a professional. He could not have done more to help me. From our very first contact through to the end of our purchase, Rosa surpassed all expectations.

We bought a property in spain and Lidia assisted us through the buying process. Jose Antonio was very easy to approach and happy to help in any way he can. I will definitely recommend him to my family and friends.

Rosa was excellent. Very efficient and professional. We would not hesitate to recommend her. Rafael was extremely helpful, accommodating and understanding. He couldn't have done more. I hope he never retires! I would be happy to recommend Erardo to anyone. Inma is a very approachable, open and knowledgeable professional.

He has been very attentive, efficient, and always anticipates our needs in a timely manner. We enjoy working with him and look forward to other future business arrangements when needed. Great responsive and assured service. Complete confidence and removed any hassle from the process. Even better was the willingness to provide follow up support and guidance.

A great service! My solicitor was very honest and helpful. Very responsive and proactive throughout the property purchase process. She made it all very simple and stress free. Went the extra mile for us and helped us immensely From the start I found Rosa excellent. Would always use her again and highly recommend her. I am very satisfied with the service provided by my lawyer. He was extremely helpful and I would definitely use the same lawyer again in the future. We'd have no hesitation in recommending Jose Antonio to others.

As buyers from the UK we were very grateful for his guidance and professional expertise. Made my life very easy and worth every bit of the money. Very experienced and always answered every question with ease , which made me very relaxed. And a very nice person. Would recommend to anyone. I would certainly use him again and recommend him to friends. Very good English in a situation that was new to us. He is very easy to deal with and we would highly recommend him.

The transaction process was conducted efficiently. Communication was frequent and clear. I definitely would use the same lawyer again in the future. Jose is excellent and gives a service that is first class and very professional. I definitely use the same lawyer again in the future.

Also good value compared to other quotes I received initially. He is also responsive, transparent and informative.

Send Your Enquiry. Are there public holidays? First name. Last name. Your phone number. Your email. Your enquiry.

234,000
* €/m2
The Spanish property market
257 m2 | 3 bedrooms | 4 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Knowing what to expect when buying property in Spain can help avoid any pitfalls of setting up your life abroad. Factors to be aware of when. Not having your paperwork in order. I can think of some good reasons not to buy a home in Spain, and I know of many people who rue the day they ever bought a Spanish property.

Indeed, many buyers tend to assume that the process is similar to the one in their home country, which is in a fact, a big mistake. In this article we will try to summarise the most common pitfalls one has to face when buying property in beautiful Spain :. The information provided in this article is not intended to be legal advice, but merely conveys general information related to legal issues. Renting out your property in Spain as a foreigner.

In this article we will try to summarise the most common pitfalls one has to face when buying property in beautiful Spain : Choosing the same lawyer as the seller of the property. If you both hire the same lawyer, this person will have a greater chance to make a profit on your purchase.

Remember to look for a lawyer who represents your own interests and negotiates the best deal for you. Doing insufficient research about the house. Not only the area where the house is built, but also the licenses for building are of great importance when buying a house in Spain. Especially if you are thinking of buying in a rural area , there are many constraints to the size and location in which a house can be built. If the house was built ilegally, you may end up paying to comply with the current local legislation.

We warmly recommend you to get a surveyor to check the current status of the building and get a certificate, as well as the available reports from the city hall or local authority.

Assuming that the final price is the one you see on your contract. Bear in mind that buying a house emplies additional costs, such as paying property tax, registering the house in the Land Registry and covering the notary fees.

The cadastral value rateable value is established by the local authority and is used to calculate the amount of tax to be payed on the house. If the rateable value happens to be higher than the market price, the tax burden will be higher. It is essential to calculate this at the moment of the purchase. Will anyone pay to read these articles? So, to recap, there are quite a few reasons and arguments against buying property in Spain, but nobody has any incentive to publicise them, whilst an entire industry has a big incentive to publicise the arguments in favour of buying, and even belittle or distort the arguments against.

If you are thinking of buying, you are only going to hear one side of the story. Until now, that is. I will write a series of articles on the different reasons and arguments I can think of against buying a property in Spain. Why not lump them all together in one article? I think it would be way too long. For now you can see them here: Reasons not to buying property in Spain.

Buying a property in Spain is right for some, but not for others, and in my experience too many people make their decision to purchase based on dreams and wishful thinking, and live to regret it. I live between Madrid and Toledo Very much regret buying property in Spain. First the taxes. As personal allowance in only in the region of Euros.

You need permission to do anything to your property and have to pay for the privilege. Examples are moving earth from one place to another on your own property. Putting up a fence around property. Painting the exterior of property anything and you cannot claim any money back on taxes when you sell. Taxes on the property when you do sell. You need permission for everything in Spain. The Spanish are very good at taking money from you with a smile.

Vehicles on second hand market are a nightmare and I am very mechanically minded. Trust no one. I live in a very rural and have security system but have been robbed twice from surrounding grounds not house. Mostly opportunist theft. Now have a property in Portugal. So my advise is forget Spain Portugal is a far better bet. Good things about Spain, great road system. With very little traffic. Paid for by EU funds. Could go on and on but will close now on subject.

There are some very good agents I was one myself and Fred Van Kirmpen, who commented earlier is another and I will happily work with the few I trust,. Of course, as property finders working for the buyer we can also access properties that are privately for sale and have many clients who bought a property that they would never have seen if they only used estate agents. But the reality is that few people take the time and trouble to do the due diligence required to buy in what for most is a foreign country and they are way out of their comfort zone.

Over many years in the business I have never come across a problem that would not have been avoided if the proper research had been done. You must be logged in to post a comment. Raymond has been practicing law since He also has international experience, having worked for several years in the United Kingdom for a leading British multinational. Using the extensive knowledge and experience gained, he set up his own practice in Marbella.

He advises mainly UK and non-UK domiciled clients. His main areas of expertise are conveyancing and non-resident taxation. His articles and blogs are widely used by the real estate industry and property think tanks, having been translated into multiple languages.

He has made several media appearances throughout the years and is regularly quoted by the international press as a reliable source in his field of expertise The Sunday Times , The New York Times , The Guardian , WSJ etc.

SPI disclaims any responsibility or liability related to your access to or use of any third party content. DiG Lawyers Abogados — Advocats is a mid-sized law firm with offices in Barcelona and Lleida, and an international network of collaboration agreements with law firms around the world who share DiGs philosophy and high level of professionalism. As a mid-sized firm with a multi-lingual team and cross-border expertise, DiG is perfectly placed to assist foreign clients with all their legal needs in Spain.

Foreign clients need a firm big enough to handle cross-border work with multidisciplinary expertise in various languages, but without losing the personal touch. DiG can help you buy or sell a property in Spain with the minimum risk and fuss, and guide you safely through the whole process. DiG are particularly strong on cross-border tax issues, inheritance tax planning, wills, probate, and how to deal with all the legal and fiscal issues involved in Spanish Inheritance Tax situations.

With offices in London and Madrid, we specialise in representing and acting for foreign clients in Spain. We have successfully represented hundred of foreign clients on matters related to conveyancing, property and bank negotiations, mediation and litigation with Spanish banks, off plan deposit claims, and Spanish tax.

563,000
* €/m2
159 m2 | 2 bedrooms | 10 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Not having your paperwork in order. Other properties haven't passed the technical building inspection (ITE) and there could be fines for that. Be aware that as well as looking for an. Not having enough money.

A real gentleman. Jose has guided and helped our family throughout the whole process of the purchase including the application for the NIE, ordering of the survey, signing of the contract and transfer of the utilities under our checking account.

I would wholly recommend Miguel to anybody contemplating a house purchase in the Asturias area of Spain. His pricing was competitive and adapted to my particular requirements. He consulted with other professionals including the council to help determine the expansion and future building possibilities of the land. He also undertook the necessary checks to establish there was no outstanding debt tied to the property.

Compared to UK solicitors Miguel was very much more approachable and would always respond to my queries and deliver frequent progress reports at any time of the day including weekends. Given the complexity of the Spanish notary system it is essential you have a local solicitor who knows all the variations associated with the Asturian conveyancing system to guide you towards a successful outcome. Even though I had a reasonable understanding of Spanish Miguel's excellent written and spoken English proved invaluable at all stages of the conveyancing process in particular the final signing of the deeds.

Well done Miguel and many thanks for all your help! Oscar was a great help throughout a difficult process as we bought a house in Barcelona. Despite significant setbacks, he was able to help us find solutions to ensure we finally managed to purchase the property.

Thank you to Oscar for being incredibly professional and for explaining everything in a straightforward way so we understood a process which was foreign to us. I highly recommend him as a lawyer for anyone looking to buy a property in Spain. The transaction was not without issues due mainly to spanish bureaucracy and Rosa handled all of them very professionally. Given language problems and distance from my residence I will never regret having chosen her as my Lawyer in Palma and I have already recommended here services to other prospective buyers.

Miguel was awesome! Super responsive, extended my knowledge and put me totally at ease through the process of buying a house in Galicia.

I felt my interests were put first in the process and protected and would definitely recommend Miguel with full confidence. I have recommended our lawyer Oliver to many people due to his professionalism and ability to communicate on all levels. I highly recommend Rosa, she is very professional and thorough and her communication was superb throughout. Lidia is very professional and I have gone back to her several time for legal services.

I highly recommend her, especially for English speakers. Everything has been perfect. My lawyer Lidia was extremely helpful. Very satisfied with the overall service provided. Would recommend. Phoned or emailed me to keep me updated and worked to a good timescale for completion. Prepared well for the notary and simplified the answers on any questions or issues that occurred.

I would highly recommend Francisca for anyone from the U. K wishing to purchase property in Spain. She takes away any stress or fear that can happen from entering the unknown legal practice in Spain. I would definitely use Francisca again for legal service, on any future issue or purchasing of property.

She provided good value for service and would be a future person to go to, for any expat in the Spanish community. My lawyer was very supportive, interested in my needs, able to clarify my situation and explain the process and the various options open to me. Francisco advised and managed our recent property purchase in Fuengirola with such friendly professionalism that the whole process was effortless, smooth and completely stress-free!

Francisco was great at responding to our many questions, quickly addressing any concerns we had and resolving issues judiciously. His advice and guidance has been invaluable and the service provided, from start to completion, has been excellent and great value for money. We are more than happy to recommend Francisco to friends, family and all. Alvaro was professional, approachable, and very responsive while supporting me with the formal and legal processes in assisting me purchasing my new home in Spain.

To improve the service I would suggest to provide a formal summary document of all legal services and formality checks carried out on the property purchase process, as done in the UK as a final overall document given to the client. We had some serious challenges in the beginning with the first apartment we wanted to buy and Beatriz went more than all the way to help - we felt so secure in her hands, and still do.

Beatriz was recommended to us by a very good Danish friend in Spain and was he right :- So we give her our best recommendation. He always responded promptly to any enquiries and really took time to explain things I wasnt sure about.

This is the second time we have used Jose. Excellent service, Excellent value for money, replied to emails within two hours. We just told Jose what we wanted and he just got on with it.

I can't praise him highly enough. There is no need for improvements. Beatriz was extremely professional and provided an expert service. She understood our requirements, was very approachable and responded to all questions quickly. She explained the differences in legal requirements between the UK and Spain clearly and helped us to understand them. We would highly recommend Beatriz for any legal services.

We can't think of anything we would like to see improved about the service we received from Beatriz and would have no hesitation in contacting her again if we required any further information. Rosa is helpful and very easy to get on with.

She knows many other people in the Mallorca property and legal sectors and I'd recommend her. Her English is very good and there were never any language problems on either side. She is professional, dedicated and took care to understand the needs of my situation.

Her service offers exceptional value for money and gives complete peace of mind. Juan was extremely helpful during every part of the purchase. As I was buying an older property there were slight complications but Juan explained every issue and managed to work through the difficulties with supreme efficiency. Also there was a ridiculous situation with my Spanish bank account where I could not access the money even though it was in the account.

Thankfully I had given Juan power of attorney and he managed to sort-out the problem. He went above and beyond the call of duty and I am very grateful for all his help. I would strongly recommend him to anyone looking to buy in the Almeria region. We were very satisfied with the service we received. Rosa dealt with the matter in hand promptly and efficiently. Very satisfied with the service. Francisco is bilingual English-Spanish and was always quick to respond and was very professional at all times.

Rosa dealt with everything efficiently and promptly and went beyond our expectations by helping us to open a Spanish bank account and deal with other minutiae. Went over and above his job and more. I would only use his services if I need legal services.

I were very lucky to find Jose first time round. I'm very pleased with services I received. Buying a house from abroad is not an easy job and thanks to Francisca everything was clear. Cristina immediately understood our requirements and was essential in guiding us through a very tricky process. Alvaro assisted me during my experience at advocate abroad, and he was so kind.

He answered any questions I had, and made me feel completely at ease. Francisca was extremely helpful. She made the whole process easy to understand. I would definitely recommend her service to friends.

A lady staff member took us under her wing and managed to sort out my residency. Overall no complaints. She was helpful, efficient, always quick to return our communications and a pleasure to deal with. We have already recommended her services to a friend. Felt very comfortable at all times. Nothing was too much. Understood everything mentioned in our meeting. Very reasonable rate, money wise.

She was very professional and reassured us throughout the process. Her english was very good and we felt that we got good value for our money. Her fee was very reasonable and she proved to be a very personable and approachable person when we finally met at the Notary. Jose Antonio was very professional and has assisted me in every step of the purchase of my flat in Alicante.

He also assisted me by advising of the most suitable area according to my needs. His commitment and dedication is excellent. Esther speaks both Spanish and English, and is very friendly, professional and genuine. She took care of the whole purchasing process and explained all the steps for us, including giving advice on Spanish bank account, NIE numbers etc. We are very pleased with all the help we have received and can highly recommend Esther.

Thank you so much! Responsive and always available. Extremely helpful - we did not understand the process and she guided us through. Kristina was extremely helpful throughout the process of buying my property in Spain.

She was very easy to reach at all times and very professional. I would highly recommend Kristina to anyone buying a property in the area. Miguel is fantastic, his English is superb. He responds clearly and concisely and always quickly too. He is helpful and approachable and has always answered all my questions very thoroughly. Erardo was very professional, always available and most courteous in all the dealings I had with him. She is available to meet with us on short notice, is attentive to our needs, answers each of our questions fully and provides appropriate legal solutions.

Inma is bilingual which has simplified communication and avoids misunderstandings. Her fees are definitely value for the money paid, and we will continue to seek her professional services. Jose was excellent from my initial contact to the exchange of the contracts, always responding quickly to my emails even out of work hours, very professional and understanding.

Jose made the whole experience stress free and quite enjoyable, I would highly recommend him for anybody needing legal advise or business abroad. Jose-Antonio was very helpful, always happy to assist.

I was very satisfied with the service and would definitely use this lawyer again. I bet there are thousands of people alive today who rue they day they bought a property in Spain. Do I have an incentive to dwell on the reasons not to buy? Not really, unless people are prepared to pay for good advice that could save them a great deal of money and stress. Will anyone pay to read these articles? So, to recap, there are quite a few reasons and arguments against buying property in Spain, but nobody has any incentive to publicise them, whilst an entire industry has a big incentive to publicise the arguments in favour of buying, and even belittle or distort the arguments against.

If you are thinking of buying, you are only going to hear one side of the story. Until now, that is. I will write a series of articles on the different reasons and arguments I can think of against buying a property in Spain.

Why not lump them all together in one article? I think it would be way too long. For now you can see them here: Reasons not to buying property in Spain. Buying a property in Spain is right for some, but not for others, and in my experience too many people make their decision to purchase based on dreams and wishful thinking, and live to regret it.

I live between Madrid and Toledo Very much regret buying property in Spain. First the taxes. As personal allowance in only in the region of Euros. You need permission to do anything to your property and have to pay for the privilege. Examples are moving earth from one place to another on your own property. Putting up a fence around property. Painting the exterior of property anything and you cannot claim any money back on taxes when you sell.

Taxes on the property when you do sell. You need permission for everything in Spain. The Spanish are very good at taking money from you with a smile. Vehicles on second hand market are a nightmare and I am very mechanically minded. Trust no one. I live in a very rural and have security system but have been robbed twice from surrounding grounds not house. Mostly opportunist theft. Now have a property in Portugal. So my advise is forget Spain Portugal is a far better bet. Good things about Spain, great road system.

With very little traffic. Paid for by EU funds. Could go on and on but will close now on subject. Oddly enough, the profession of building surveying as understood in the UK does not exist in Spain. However, there are some really excellent UK fully qualified building surveyors in Spain who will undertake a proper and rigorous building survey. Use one — but make sure that he is fully qualified, and has valid insurance to undertake a survey in Spain.

Make sure that your intended property has mains water, electricity and telephone land line. Every Spanish property in an Urbanizado area should have mains water, electricity and telephone landline with ADSL available. If the property does not - then be very wary, as your intended property may not really be Urbanizado ; and, if that is the case, it may never be connected to these services — regardless of what your agent or the seller may be claiming.

Always buy as if you are going to re-sell your intended property. A classic error of many buyers is that they buy a property in Spain that is suitable for only a tiny proportion of the buying market, thus making any re-sale very difficult.

Almost by definition, any property purchase abroad may not be for ever, whether it is for a holiday or intended for permanent living. Examples are steep plots, many stairs up to or down to a property entrance, problems with parking, shade from the sunshine common to hilly areas , too few bedrooms a minimum of three is good , noise from nearby roads, lack of privacy, nearby electricity pylons, bars and restaurants close by, an overwhelming density of foreigners which may put off Spanish buyers — who are the biggest buying market , etc.

Choose your location very carefully, particularly if you are buying a property for permanent living in Spain. A crude guideline for buying in Spain for permanent life could be summarised as being somewhere that is:. Preferably, the sea for re-sale and rental purposes should be no further than 15 to 20 minutes from your intended property. A bargain property is not the same as a good value property. The Spanish property crash has resulted in a vast number of properties being for sale, some of which are now priced breathtakingly low.

However, do not be mesmerised by low prices. There is invariably a good reason why a property has a very low price, and this may be because it is a deeply flawed property. So find out the objective reason for its pricing before buying, and be sceptical of over-cheap properties.

If you follow the rules listed above, you will buy safely in Spain, and will likely be rewarded with a property that will not only be a sound investment, but also a home that can provide you with real joy.

I am a journalist and author of five books — three of which are about Spain details of which can be seen on my Culture Spain Blog. I have lived in Spain since and I run an estate agency that specialises in property around Gandia, which lies to the south of Valencia city. To this end, I produce article PR for businesses that need to improve their profile and market their products and services on the Internet.

I also ghostwrite 'copy' and undertake investigative articles for publications. Aetna offers award-winning international health insurance plans to more than 55 million members worldwide. Their plans are tailored to meet the individual needs of you and your family while you are away from your home country, living and working abroad. Get peace of mind knowing you and your family will be protected and have access to quality health care wherever you are, where you need it.

448,000
* €/m2
6 Reasons You Should Reconsider Buying Property In Spain
177 m2 | 2 bedrooms | 6 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
The key to making a successful purchase of property in Spain is to take early advice from a good quality independent Spanish lawyer. If you are unfamiliar with the. Misunderstanding your solicitor. Knowing what to expect when buying property in Spain can help avoid any pitfalls of setting up your life abroad. Factors to be aware of when.

Every Spanish property in an Urbanizado area should have mains water, electricity and telephone landline with ADSL available. If the property does not - then be very wary, as your intended property may not really be Urbanizado ; and, if that is the case, it may never be connected to these services — regardless of what your agent or the seller may be claiming. Always buy as if you are going to re-sell your intended property. A classic error of many buyers is that they buy a property in Spain that is suitable for only a tiny proportion of the buying market, thus making any re-sale very difficult.

Almost by definition, any property purchase abroad may not be for ever, whether it is for a holiday or intended for permanent living. Examples are steep plots, many stairs up to or down to a property entrance, problems with parking, shade from the sunshine common to hilly areas , too few bedrooms a minimum of three is good , noise from nearby roads, lack of privacy, nearby electricity pylons, bars and restaurants close by, an overwhelming density of foreigners which may put off Spanish buyers — who are the biggest buying market , etc.

Choose your location very carefully, particularly if you are buying a property for permanent living in Spain. A crude guideline for buying in Spain for permanent life could be summarised as being somewhere that is:. Preferably, the sea for re-sale and rental purposes should be no further than 15 to 20 minutes from your intended property. A bargain property is not the same as a good value property. The Spanish property crash has resulted in a vast number of properties being for sale, some of which are now priced breathtakingly low.

However, do not be mesmerised by low prices. There is invariably a good reason why a property has a very low price, and this may be because it is a deeply flawed property. So find out the objective reason for its pricing before buying, and be sceptical of over-cheap properties. If you follow the rules listed above, you will buy safely in Spain, and will likely be rewarded with a property that will not only be a sound investment, but also a home that can provide you with real joy.

I am a journalist and author of five books — three of which are about Spain details of which can be seen on my Culture Spain Blog. I have lived in Spain since and I run an estate agency that specialises in property around Gandia, which lies to the south of Valencia city. To this end, I produce article PR for businesses that need to improve their profile and market their products and services on the Internet.

I also ghostwrite 'copy' and undertake investigative articles for publications. Aetna offers award-winning international health insurance plans to more than 55 million members worldwide. Their plans are tailored to meet the individual needs of you and your family while you are away from your home country, living and working abroad.

Get peace of mind knowing you and your family will be protected and have access to quality health care wherever you are, where you need it. This offer is valid until 19 June See website for details. Get a quote from Aetna International. With 86 million customer relationships in over countries, Cigna Global has unrivalled experience in dealing with varied and unique medical situations and delivering high standards of service wherever you live in the world.

Get a quote from Cigna Global. Breadcrumb Home Articles. Buying Property in Spain: Risks and Rewards. Updated 25 Oct So, the question is: how do you avoid the pitfalls inherent in buying property in Spain? Understand an outline of Spanish property law. Always use a conveyancing lawyer. Your estate agent is not your friend, he is a salesman. Always use a building surveyor before you buy a house. Location is everything. Expat Health Insurance Partners Aetna International Aetna offers award-winning international health insurance plans to more than 55 million members worldwide.

International Removals. Transferring Money Abroad? Expat Health Insurance Quotes. Unfortunately, the Spanish property market is opaque and full of pitfalls, and notoriously unprofessional. Spanish Property Insight is the only independent source of information and analysis of the Spanish property market. I can think of some good reasons not to buy a home in Spain, and I know of many people who rue the day they ever bought a Spanish property.

That would be a very long article. Is that clear? There is a billion-Euro industry behind a marketing effort to get you to dream of owning a home in Spain, and turn those dreams into reality. Thousands of estate agents, developers, property portals, PR professionals, and others in the industry are all beavering away trying to reach you with a message convincing you to buy. It is, after all, their job. You will hear about the rational and emotional benefits of buying a property in Spain, and in a subtle way you are made to feel that a home in Spain is a status symbol, a sign that you have succeeded in life.

Should you buy a property in Spain? It depends on your individual circumstances. There are always arguments for and against, but you only ever hear the arguments in favour of buying, because nobody has any incentive to spend time and money presenting the arguments against. People in the business can make big money from property sales, but nobody makes any money from convincing people not to buy.

Are they? Maybe I should put this entire series of articles behind a paywall and see what happens. Even the media and journalists have a bias towards the buying narrative, as nobody will pay for press trips or adverts against buying. I bet there are thousands of people alive today who rue they day they bought a property in Spain.

Do I have an incentive to dwell on the reasons not to buy? Not really, unless people are prepared to pay for good advice that could save them a great deal of money and stress. Will anyone pay to read these articles? So, to recap, there are quite a few reasons and arguments against buying property in Spain, but nobody has any incentive to publicise them, whilst an entire industry has a big incentive to publicise the arguments in favour of buying, and even belittle or distort the arguments against.

If you are thinking of buying, you are only going to hear one side of the story. Until now, that is. I will write a series of articles on the different reasons and arguments I can think of against buying a property in Spain.

Why not lump them all together in one article? I think it would be way too long. For now you can see them here: Reasons not to buying property in Spain. Buying a property in Spain is right for some, but not for others, and in my experience too many people make their decision to purchase based on dreams and wishful thinking, and live to regret it.

I live between Madrid and Toledo Very much regret buying property in Spain. First the taxes. As personal allowance in only in the region of Euros. You need permission to do anything to your property and have to pay for the privilege. Examples are moving earth from one place to another on your own property. Putting up a fence around property.

Painting the exterior of property anything and you cannot claim any money back on taxes when you sell. Taxes on the property when you do sell. You need permission for everything in Spain. The Spanish are very good at taking money from you with a smile. Vehicles on second hand market are a nightmare and I am very mechanically minded. Trust no one. I live in a very rural and have security system but have been robbed twice from surrounding grounds not house.

Mostly opportunist theft. Now have a property in Portugal. So my advise is forget Spain Portugal is a far better bet. Good things about Spain, great road system.

With very little traffic. Paid for by EU funds. Could go on and on but will close now on subject. There are some very good agents I was one myself and Fred Van Kirmpen, who commented earlier is another and I will happily work with the few I trust,.

107,000
* €/m2
180 m2 | 9 bedrooms | 7 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Don't we all sometimes dream of living in a house under the Spanish sun - whether your idyll is inland, on the coast or on any of the beautiful. Signing a contract you don't understand. 6 Reasons You Should Reconsider Buying Property In Spain. In June , I 5 Pitfalls To Avoid When Buying Overseas Rental Property.

Bear in mind that buying a house emplies additional costs, such as paying property tax, registering the house in the Land Registry and covering the notary fees. The cadastral value rateable value is established by the local authority and is used to calculate the amount of tax to be payed on the house.

If the rateable value happens to be higher than the market price, the tax burden will be higher. It is essential to calculate this at the moment of the purchase. Otherwise, the tax authority can claim back the difference months after you have signed your contract, including a penalty.

Engaging in endless renovations. Many small construction companies can be unreliable or may give you a false estimate of the works. We thereofre recommend to choose a building which needs little improvement. For any renovation works to be performed, sign an official contract. Not understanding your contract. Buying property is a big investment that generates a number of responsibilities.

Large Or Small? Ask yourself: Do I prefer a rural location; and if so, how important is my proximity to a city versus the privacy I gain from a more remote area? Apartment Or House?

Ask yourself: Is a beach important? Or do I prefer mountains? Is learning a foreign language too scary? Is the lack of certain American cultural attractions a deal breaker? Part-Time Or Full-Time? Ask yourself: Will I view this property as a primary residence or as a vacation or part-time home? This decision can determine the level and cost of decoration and personalization of the space. Health Care Spain is ranked in the top eight best health care systems in the world. Ask yourself: Is health care a priority?

Even for a healthy 50 year old… it should be. The cost of private health insurance in Spain for a year-old North American will be one-half to two-thirds the cost of insurance for a 65 year old.

A year-old American has access to Medicare in the States, whereas a self-employed 50 year old is looking at 15 more years of out-of-pocket health insurance expense that is rapidly increasing in cost. Do you want to make money or make a life? Do your homework about the cities and countries that hold a special interest for you, and keep an open mind.

Rent before you buy for a minimum of two months. Hire a good tax advisor to steer you through the sometimes choppy waters of investing overseas. Share Tweet Share Next Post.

Discussion about this post. Trending Comments Latest. Lee Harrison 0. Los Islotes 0. Recent News. Browse by Category. A lady staff member took us under her wing and managed to sort out my residency.

Overall no complaints. She was helpful, efficient, always quick to return our communications and a pleasure to deal with. We have already recommended her services to a friend. Felt very comfortable at all times. Nothing was too much. Understood everything mentioned in our meeting. Very reasonable rate, money wise. She was very professional and reassured us throughout the process. Her english was very good and we felt that we got good value for our money.

Her fee was very reasonable and she proved to be a very personable and approachable person when we finally met at the Notary. Jose Antonio was very professional and has assisted me in every step of the purchase of my flat in Alicante. He also assisted me by advising of the most suitable area according to my needs. His commitment and dedication is excellent. Esther speaks both Spanish and English, and is very friendly, professional and genuine.

She took care of the whole purchasing process and explained all the steps for us, including giving advice on Spanish bank account, NIE numbers etc. We are very pleased with all the help we have received and can highly recommend Esther. Thank you so much! Responsive and always available. Extremely helpful - we did not understand the process and she guided us through.

Kristina was extremely helpful throughout the process of buying my property in Spain. She was very easy to reach at all times and very professional. I would highly recommend Kristina to anyone buying a property in the area.

Miguel is fantastic, his English is superb. He responds clearly and concisely and always quickly too. He is helpful and approachable and has always answered all my questions very thoroughly. Erardo was very professional, always available and most courteous in all the dealings I had with him. She is available to meet with us on short notice, is attentive to our needs, answers each of our questions fully and provides appropriate legal solutions. Inma is bilingual which has simplified communication and avoids misunderstandings.

Her fees are definitely value for the money paid, and we will continue to seek her professional services. Jose was excellent from my initial contact to the exchange of the contracts, always responding quickly to my emails even out of work hours, very professional and understanding.

Jose made the whole experience stress free and quite enjoyable, I would highly recommend him for anybody needing legal advise or business abroad. Jose-Antonio was very helpful, always happy to assist. I was very satisfied with the service and would definitely use this lawyer again. A very strange phenomenon with lawyers in Spain - she was working for me rather than just trying to line her own pockets! I am recommending him to my friends on their legal matters - everything was above my expectations.

I found Erardo very approachable, he always answered all the questions that we asked of him quickly, giving us all the information we needed. We would recommend him to others if asked. We bought a house in Ibiza and Cristina showed immediately a high degree of professionalism and deep knowledge of the whole process - from the initial offer to the final completion of the purchase. She also dealt on our behalf, with registering us with the utilities companies Water, Electricity and other things, for which we were really grateful.

Cristina is a lovely young lady, always ready to help and very polite and her written and spoken english is so very good that there were never any communication problems. Our queries were dealt with quickly and, when needed, she offered explanations, suggestions and alternatives. All in all a very pleasant experience; we told her we wanted to retain her as our solicitor in Ibiza for any future needs and she readily accepted. We liked everything about the service we received from Jaime: he was bilingual and he was so much more approachable than lawyers in the UK.

Really helpful, bilingual, quick at getting back to me, punctual, really knows her stuff, and a lovely person to work with. Inmaculada always responded promptly to all communications. Inma fully understood both my requirements and the relevant Spanish legal system. She offered good advice on both general and specific areas of business.

Inma was clear about the potential costs involved in her services and I felt that these were great value for money. Extremely approachable and professional. I can not thank her enough. My lawyer was responsive, had lots of information, and was able to meet at a location convenient for me.

Cristina helped us with every aspect of a complicated house purchase. Cristina was understanding, very responsive, she went out of her way to help us. She also often was available outside of normal working hours.

Nothing was too much trouble. The service was great value for money also. I have recommended Cristina to others, and would happily do so again. Cristina has recently undertaken some further work for us. Excellent service. I am a lawyer myself and must have stormed Alvaro with thousands of questions. He immediately replied to all my queries. He is a really helpful and approachable person. I will not hesitate in recommending his service to anyone.

If I have to rank him out of 10 he will get 9 for sure. Very hard working and obliging. Always available for calls and emails from the UK.

Over a very extended period Jose remained very focused, professional and friendly. Rosa was extremely professional and helpful and made the process of buying a property from the UK very simple. Not only did she walk us through the Spanish legalities of the purchase but she also helped us get our new home set up with utilities, furniture and even a car purchase.

Rosa did everything so that when we arrived we could move straight in. I would highly recommend her services. Jose was very helpful and kept us well informed and looked after our interests on the actual exchange day rather than being bullied by the vendors legal solicitor. Considering it was all done from a distance and via email the transactions all went very smoothly thanks to Jose. My wife and I are very pleased with the services we received when we acquired an apartment near Alicante.

We have also been assisted in resolving practical issues regarding the take over of our apartment. We definitely see that we have received great value for money. Oliver is the best of the best.

Nothing is too much trouble and always contactable. Always provides a very good service for very reasonable price. Oliver was extremely helpful and easy to communicate with. He dealt with my matter with professionalism and confidence. His service was very good value for money and he explained the whole process from beginning to end.

Miguel has always been extremely approachable, helpful and given sound advice. He has kept us informed at every stage and quickly answered questions to help us make informed decisions. We feel like we have had value for money and will definitely use Miguel as our only lawyer for all Spanish business. He has been fantastic! Very professional. Inma was very helpful, made everything so easy and very patient with all my questions as I am a worrier.

Jose was very helpful and couldn't have done more for us. The advise was good and very professional. The fees were fair and reasonable and the lawyer was responsive, professional and helpful, particularly in explaining and translating documents written in Spanish. Jose Antonio always got back to us promptly and was very good at explaining the legal terms so that we could fully grasp the implications of any Court processes.

He was pragmatic and although positive, kept us informed of possible outcomes both positive and negative. This enabled us to make informed decisions at all times. At all times, I felt that Jose Antonio had confidence in his own ability and was fully competent, without being arrogant. We bought a flat near El Campello and Jose Antonio made it stress free and straightforward. I could not recommend him more highly. The whole process of purchasing a property in Spain was very clearly explained alongside different options we would have at each stage.

Jose Antonio always responded within a day and also prompted us when he needed information. He was always able to fit in around our schedule when we were in Spain for short visits. I thought the price was good value. Beatriz was extremely helpful and willing to assist with a variety of questions and requests, some not necessarily in the scope of her role. I authorise Advocate Abroad SL to process the data I hereby submit and also to facilitate access for its lawyers, professionals and Approved Partners as necessary to provide the information I have requested.

My data will be held on secure servers for the minimum time necessary to manage my enquiry and I may withdraw this authorisation at any time by emailing consent advocateabroad. If you would like to speak to a lawyer about the matters discussed in this article, please use the 'Contact Us' button below.

Testimonials for our Property Purchase service. Miguel provided a faultless service throughout the purchase of our property in Oviedo. Go to Google Review. Jose was Professional and very prompt to respond, good value for money and is approachable.

Thank you, Ramon was most informative , very clear and offered great advice. We hope to be back in touch. We highly recommend his legal services for any such real estate transaction. Rosa was extremely helpful in assisting me buying a house in Maiorca. Calls were always returned and questions always answered.

630,000
* €/m2
220 m2 | 6 bedrooms | 2 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Knowing what to expect when buying property in Spain can help avoid any pitfalls of setting up your life abroad. Factors to be aware of when. in the wrong location. Thinking you can do it differently here.

Bear in mind that buying a house emplies additional costs, such as paying property tax, registering the house in the Land Registry and covering the notary fees.

The cadastral value rateable value is established by the local authority and is used to calculate the amount of tax to be payed on the house. If the rateable value happens to be higher than the market price, the tax burden will be higher. It is essential to calculate this at the moment of the purchase. Otherwise, the tax authority can claim back the difference months after you have signed your contract, including a penalty.

Engaging in endless renovations. Many small construction companies can be unreliable or may give you a false estimate of the works. We thereofre recommend to choose a building which needs little improvement.

For any renovation works to be performed, sign an official contract. Not understanding your contract. Buying property is a big investment that generates a number of responsibilities. There is a billion-Euro industry behind a marketing effort to get you to dream of owning a home in Spain, and turn those dreams into reality.

Thousands of estate agents, developers, property portals, PR professionals, and others in the industry are all beavering away trying to reach you with a message convincing you to buy. It is, after all, their job. You will hear about the rational and emotional benefits of buying a property in Spain, and in a subtle way you are made to feel that a home in Spain is a status symbol, a sign that you have succeeded in life. Should you buy a property in Spain?

It depends on your individual circumstances. There are always arguments for and against, but you only ever hear the arguments in favour of buying, because nobody has any incentive to spend time and money presenting the arguments against. People in the business can make big money from property sales, but nobody makes any money from convincing people not to buy.

Are they? Maybe I should put this entire series of articles behind a paywall and see what happens. Even the media and journalists have a bias towards the buying narrative, as nobody will pay for press trips or adverts against buying.

I bet there are thousands of people alive today who rue they day they bought a property in Spain. Do I have an incentive to dwell on the reasons not to buy?

Not really, unless people are prepared to pay for good advice that could save them a great deal of money and stress. Will anyone pay to read these articles? So, to recap, there are quite a few reasons and arguments against buying property in Spain, but nobody has any incentive to publicise them, whilst an entire industry has a big incentive to publicise the arguments in favour of buying, and even belittle or distort the arguments against.

If you are thinking of buying, you are only going to hear one side of the story. Until now, that is. I will write a series of articles on the different reasons and arguments I can think of against buying a property in Spain. Why not lump them all together in one article? I think it would be way too long. For now you can see them here: Reasons not to buying property in Spain. Buying a property in Spain is right for some, but not for others, and in my experience too many people make their decision to purchase based on dreams and wishful thinking, and live to regret it.

I live between Madrid and Toledo Very much regret buying property in Spain. First the taxes. As personal allowance in only in the region of Euros. You need permission to do anything to your property and have to pay for the privilege. Examples are moving earth from one place to another on your own property. Putting up a fence around property. Painting the exterior of property anything and you cannot claim any money back on taxes when you sell.

Taxes on the property when you do sell. You need permission for everything in Spain. Once you have bought your property there will still be some tidying up of legalities to do, such as transferring names on utility contracts.

Make sure you have in place procedures for paying property and income taxes, such as Spanish council tax , and that you always leave sufficient funds in your bank account. Remember too that there can be complementary tax to pay in some circumstances.

You may have heard some accounts of very real mistakes that have been made by those buying property in Spain. However, if you take account of our pitfalls of buying a property in Spain top 10 then you should be well on the way to buying the ideal property of your dreams. You might also like to receive more advice and information by contacting our customer care department through our conveyancing service.

Caroline Clinton. And also can i trust them they are going to do everything in good oreder fir me and not jyst trying to do me? Is this cummon in spain? Thank i hope i hear from u soon. Hi, We always recommend to hire an independent legal adviser or solicitor who can assist you in the purchase process.

275,000
* €/m2
139 m2 | 1 bedrooms | 4 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
I can think of some good reasons not to buy a home in Spain, and I know of many people who rue the day they ever bought a Spanish property. Pitfalls & Mistakes To Avoid When Buying Property In Spain. mistakes-to-avoid. During the last few years it has been possible to buy Spanish property at quite a. Other properties haven't passed the technical building inspection (ITE) and there could be fines for that. Be aware that as well as looking for an.

It is quite usual in Spain for there to be a private contract and deposit paid; do not sign anything until someone representing you has checked it for you. Think about the process of buying a property in your home country.

You need to do the same in Spain. A good solicitor will make sure that the legal status of your property is checked. You are buying a property in another country and sometimes the pitfalls of buying a property in Spain can come as a surprise. You need to make sure you have everything in order or you will not be able to buy. Once you have bought your property there will still be some tidying up of legalities to do, such as transferring names on utility contracts.

Make sure you have in place procedures for paying property and income taxes, such as Spanish council tax , and that you always leave sufficient funds in your bank account. Remember too that there can be complementary tax to pay in some circumstances. You may have heard some accounts of very real mistakes that have been made by those buying property in Spain. However, if you take account of our pitfalls of buying a property in Spain top 10 then you should be well on the way to buying the ideal property of your dreams.

You might also like to receive more advice and information by contacting our customer care department through our conveyancing service. Caroline Clinton. And also can i trust them they are going to do everything in good oreder fir me and not jyst trying to do me?

Is this cummon in spain? Thank i hope i hear from u soon. Hi, We always recommend to hire an independent legal adviser or solicitor who can assist you in the purchase process. Mostly opportunist theft. Now have a property in Portugal. So my advise is forget Spain Portugal is a far better bet. Good things about Spain, great road system. With very little traffic. Paid for by EU funds. Could go on and on but will close now on subject.

There are some very good agents I was one myself and Fred Van Kirmpen, who commented earlier is another and I will happily work with the few I trust,.

Of course, as property finders working for the buyer we can also access properties that are privately for sale and have many clients who bought a property that they would never have seen if they only used estate agents. But the reality is that few people take the time and trouble to do the due diligence required to buy in what for most is a foreign country and they are way out of their comfort zone.

Over many years in the business I have never come across a problem that would not have been avoided if the proper research had been done. You must be logged in to post a comment.

Raymond has been practicing law since He also has international experience, having worked for several years in the United Kingdom for a leading British multinational.

Using the extensive knowledge and experience gained, he set up his own practice in Marbella. He advises mainly UK and non-UK domiciled clients. His main areas of expertise are conveyancing and non-resident taxation. His articles and blogs are widely used by the real estate industry and property think tanks, having been translated into multiple languages.

He has made several media appearances throughout the years and is regularly quoted by the international press as a reliable source in his field of expertise The Sunday Times , The New York Times , The Guardian , WSJ etc. SPI disclaims any responsibility or liability related to your access to or use of any third party content. DiG Lawyers Abogados — Advocats is a mid-sized law firm with offices in Barcelona and Lleida, and an international network of collaboration agreements with law firms around the world who share DiGs philosophy and high level of professionalism.

As a mid-sized firm with a multi-lingual team and cross-border expertise, DiG is perfectly placed to assist foreign clients with all their legal needs in Spain. Foreign clients need a firm big enough to handle cross-border work with multidisciplinary expertise in various languages, but without losing the personal touch. DiG can help you buy or sell a property in Spain with the minimum risk and fuss, and guide you safely through the whole process.

DiG are particularly strong on cross-border tax issues, inheritance tax planning, wills, probate, and how to deal with all the legal and fiscal issues involved in Spanish Inheritance Tax situations. With offices in London and Madrid, we specialise in representing and acting for foreign clients in Spain. We have successfully represented hundred of foreign clients on matters related to conveyancing, property and bank negotiations, mediation and litigation with Spanish banks, off plan deposit claims, and Spanish tax.

Del Canto Chambers are also experts in solving tax problems often associated with company structures used to own expensive properties in Spain. Please note that in addition to our standard legal fees, we offer a no-win-no-fee agreement in certain cases. For all your legal needs in Spain, get in touch with us and try our 24 hours response promise.

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Spanish Property Market Analysts. Barbara Wood - Property Finder says: February 5, at am. Leave a Reply Cancel Reply You must be logged in to post a comment.

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306,000
* €/m2
167 m2 | 5 bedrooms | 9 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Buying property abroad can be a minefield but is likely necessary as part of your dream move to the sun. Let our guide to buying property in. Other properties haven't passed the technical building inspection (ITE) and there could be fines for that. Be aware that as well as looking for an. albir-properties-for-sale.com.ru › blog › your-money › living-abroad › buy-ho.

Our guide to buying property in Spain explains how to make those dreams come true, from the legal requirements to the pitfalls to avoid. The Spanish property market has many quirks, and it pays to do your research before buying a home in Spain. Knowing what to expect when buying property in Spain can help avoid any pitfalls of setting up your life abroad. Factors to be aware of when buying Spanish property include property scams, high capital gains tax, and fluctuations in the Spanish property market.

Spain suffered during the global financial crisis and ensuing property market crash. Rental opportunities can be limited in some parts of Spain. This is partially due to the popularity of short-term holiday lets. Now, some authorities in Spain are already seeking to curb this trend, with Madrid set to bring in new rules in to regulate the holiday let sector. In fact, Spain encourages investment by foreigners, both resident and non-resident.

You will require a financial number which can acquire by visiting a police station with your passport. This typically happens on the day for Spanish or EU citizens but may take a few weeks for others. This is not a work permit, but it will allow you to live in the country. As it is easy for foreigners to buy property in Spain, there are websites and estate agents catering to almost every language and nationality.

Many British real estate websites also list Spanish properties, with some online portals listing thousands of options. However, these mostly focus on holiday homes, so you may prefer to use a Spanish site, such as the ones listed below.

Estate agents provide a wealth of information about the region, are bilingual, and often deal with overseas buyers. However, regulation is relatively low and unscrupulous estate agents do exist, so be wary of anyone who asks for payments upfront or suggests cutting corners. Always remember that you can choose your own notary, mortgage provider and so forth — you do not need to use a service suggested by the estate agent. On occasion, the large numbers of inexperienced foreign buyers have provided an opportunity for unscrupulous developers and estate agents to sell properties that are not legitimate.

In some cases, planning permission has not been acquired before building, and properties are eventually torn down by the local government. In others, the quality of the property has not been up to scratch or as indicated, resulting in costly repairs. The British Foreign Office has issued notices warning expat buyers to be cautious and not take unnecessary risks. They recommend, at minimum checking:. Most of this information can be provided by the land registry and accessed by making a request by email, phone, fax or in person.

You can find the appropriate land registry office by vising the national website: www. While malicious intent is rare, caution is advisable when buying a property which does not yet exist.

At minimum you should:. As a non-resident, you may also buy land and have a property built yourself. In this case, good legal advice is even more important as you will need to ensure that contracts with builders are appropriate and watertight.

In Spain, any mortgage or debt tied to a property is transferred to the new owner when the property is sold. Debts may include:. The process of buying a property in Spain usually runs as follows. The buyer then arranges any mortgage they require, although they should have already discussed their needs with the mortgage provider.

The contract of sale escritura de compravento is usually signed in front of a notary, at which point the full sale price, taxes and other costs become due.

The services of a notary are not legally necessary to complete the sale. But it is advisable and required by many mortgages. The seller is responsible for hidden defects in the property, even if they are not aware of them. However, in practice gaining restitution for such defects can be difficult and costly. Paying the costs and taxes associated with buying a home can be completed by the buyer or their agent. The buyer is also responsible for registering the property.

Following the crash, Spanish banks were reformed with significant IMF involvement. This reduced the number of lenders in operation, and significantly increased the regulation and oversight of the industry. As a result, many banks began to lend less and mortgage rates and terms became less favourable.

Mortgage lenders will not complete on a mortgage agreement until you own a property. The buyer usually pays the fees. They vary from region to region. Many are negotiable — there are no fixed fees for lawyers or estate agents. Costs paid by the buyer include:. This is typically their only cost. Capital gains tax is paid on the profit of selling your home, i. Not only the area where the house is built, but also the licenses for building are of great importance when buying a house in Spain.

Especially if you are thinking of buying in a rural area , there are many constraints to the size and location in which a house can be built.

If the house was built ilegally, you may end up paying to comply with the current local legislation. We warmly recommend you to get a surveyor to check the current status of the building and get a certificate, as well as the available reports from the city hall or local authority.

Assuming that the final price is the one you see on your contract. Bear in mind that buying a house emplies additional costs, such as paying property tax, registering the house in the Land Registry and covering the notary fees.

The cadastral value rateable value is established by the local authority and is used to calculate the amount of tax to be payed on the house. If the rateable value happens to be higher than the market price, the tax burden will be higher.

It is essential to calculate this at the moment of the purchase. Otherwise, the tax authority can claim back the difference months after you have signed your contract, including a penalty.

Engaging in endless renovations. Many small construction companies can be unreliable or may give you a false estimate of the works. We thereofre recommend to choose a building which needs little improvement. For any renovation works to be performed, sign an official contract. Not understanding your contract. Buying property is a big investment that generates a number of responsibilities. It is therefore of vital importance to have all terms checked by a professional lawyer.

993,000
* €/m2
198 m2 | 7 bedrooms | 8 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Not having your paperwork in order. Don't we all sometimes dream of living in a house under the Spanish sun - whether your idyll is inland, on the coast or on any of the beautiful. Other properties haven't passed the technical building inspection (ITE) and there could be fines for that. Be aware that as well as looking for an.

Make sure they come recommended and have proven experience in conveyancing. Fourth of our pitfalls of buying a property in Spain is that if you have flown over on an inspection trip or have a limited time to find a property you can be rushed into a decision. It is quite usual in Spain for there to be a private contract and deposit paid; do not sign anything until someone representing you has checked it for you.

Think about the process of buying a property in your home country. You need to do the same in Spain. A good solicitor will make sure that the legal status of your property is checked. You are buying a property in another country and sometimes the pitfalls of buying a property in Spain can come as a surprise. You need to make sure you have everything in order or you will not be able to buy.

Once you have bought your property there will still be some tidying up of legalities to do, such as transferring names on utility contracts. Make sure you have in place procedures for paying property and income taxes, such as Spanish council tax , and that you always leave sufficient funds in your bank account.

Remember too that there can be complementary tax to pay in some circumstances. You may have heard some accounts of very real mistakes that have been made by those buying property in Spain. However, if you take account of our pitfalls of buying a property in Spain top 10 then you should be well on the way to buying the ideal property of your dreams.

You might also like to receive more advice and information by contacting our customer care department through our conveyancing service. Caroline Clinton.

And also can i trust them they are going to do everything in good oreder fir me and not jyst trying to do me? Is this cummon in spain?

Assuming that the final price is the one you see on your contract. Bear in mind that buying a house emplies additional costs, such as paying property tax, registering the house in the Land Registry and covering the notary fees.

The cadastral value rateable value is established by the local authority and is used to calculate the amount of tax to be payed on the house. If the rateable value happens to be higher than the market price, the tax burden will be higher. It is essential to calculate this at the moment of the purchase. Otherwise, the tax authority can claim back the difference months after you have signed your contract, including a penalty.

Engaging in endless renovations. Many small construction companies can be unreliable or may give you a false estimate of the works. We thereofre recommend to choose a building which needs little improvement. For any renovation works to be performed, sign an official contract. Not understanding your contract. Buying property is a big investment that generates a number of responsibilities.

It is therefore of vital importance to have all terms checked by a professional lawyer. Postponing your NIE application. The NIE is your foreigner ID in Spain, which is absolutely necessary for buying a house and start with the legal conveyancing. Besides, being faster gives you an advantage over other applicants.

Trusting everything the real estate agent says.

754,000
* €/m2
The 10 pitfalls of buying property in Spain you should take into account
122 m2 | 7 bedrooms | 8 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
The key to making a successful purchase of property in Spain is to take early advice from a good quality independent Spanish lawyer. If you are unfamiliar with the. I can think of some good reasons not to buy a home in Spain, and I know of many people who rue the day they ever bought a Spanish property. Other properties haven't passed the technical building inspection (ITE) and there could be fines for that. Be aware that as well as looking for an.

Engaging in endless renovations. Many small construction companies can be unreliable or may give you a false estimate of the works. We thereofre recommend to choose a building which needs little improvement. For any renovation works to be performed, sign an official contract. Not understanding your contract. Buying property is a big investment that generates a number of responsibilities. It is therefore of vital importance to have all terms checked by a professional lawyer. Postponing your NIE application.

The NIE is your foreigner ID in Spain, which is absolutely necessary for buying a house and start with the legal conveyancing. Besides, being faster gives you an advantage over other applicants. Trusting everything the real estate agent says.

These management costs can be reduced with property rentals longer than 30 days, but long-term rentals are not as lucrative as short-term rentals.

Now a writer, Mike currently aspires to find a rural cottage in a country yet to be determined that complements his Spanish apartment in the central historic district of Valencia. The Overseas Property Alert features a weekly dispatch from our far-flung network of editors, experts, and friends detailing the best opportunities today for purchasing, owning, and managing global real estate. Wednesday, May 27, January 23, Share on Facebook Share on Twitter.

Let me explain… Recently I was looking at properties with an American couple of retirement age, who were in Valencia for the first time. First Things First I share this story because when buying a property overseas , you must be clear about your objectives. Initial Considerations 1. Urban Or Rural? Ask yourself: Is owning and driving a car in a foreign country too daunting?

Does an isolated location concern me because of potential security issues? Large Or Small? Ask yourself: Do I prefer a rural location; and if so, how important is my proximity to a city versus the privacy I gain from a more remote area? Apartment Or House? Ask yourself: Is a beach important? Or do I prefer mountains? Is learning a foreign language too scary? Is the lack of certain American cultural attractions a deal breaker?

Part-Time Or Full-Time? Ask yourself: Will I view this property as a primary residence or as a vacation or part-time home? This decision can determine the level and cost of decoration and personalization of the space. Health Care Spain is ranked in the top eight best health care systems in the world. Ask yourself: Is health care a priority? Even for a healthy 50 year old… it should be.

The cost of private health insurance in Spain for a year-old North American will be one-half to two-thirds the cost of insurance for a 65 year old. A year-old American has access to Medicare in the States, whereas a self-employed 50 year old is looking at 15 more years of out-of-pocket health insurance expense that is rapidly increasing in cost.

You are buying a property in another country and sometimes the pitfalls of buying a property in Spain can come as a surprise. You need to make sure you have everything in order or you will not be able to buy. Once you have bought your property there will still be some tidying up of legalities to do, such as transferring names on utility contracts. Make sure you have in place procedures for paying property and income taxes, such as Spanish council tax , and that you always leave sufficient funds in your bank account.

Remember too that there can be complementary tax to pay in some circumstances. You may have heard some accounts of very real mistakes that have been made by those buying property in Spain. However, if you take account of our pitfalls of buying a property in Spain top 10 then you should be well on the way to buying the ideal property of your dreams.

You might also like to receive more advice and information by contacting our customer care department through our conveyancing service. Caroline Clinton. And also can i trust them they are going to do everything in good oreder fir me and not jyst trying to do me? Is this cummon in spain?

615,000
* €/m2
102 m2 | 2 bedrooms | 10 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
I can think of some good reasons not to buy a home in Spain, and I know of many people who rue the day they ever bought a Spanish property. Misunderstanding your solicitor. The key to making a successful purchase of property in Spain is to take early advice from a good quality independent Spanish lawyer. If you are unfamiliar with the.

Especially if you are thinking of buying in a rural area , there are many constraints to the size and location in which a house can be built. If the house was built ilegally, you may end up paying to comply with the current local legislation. We warmly recommend you to get a surveyor to check the current status of the building and get a certificate, as well as the available reports from the city hall or local authority. Assuming that the final price is the one you see on your contract.

Bear in mind that buying a house emplies additional costs, such as paying property tax, registering the house in the Land Registry and covering the notary fees. The cadastral value rateable value is established by the local authority and is used to calculate the amount of tax to be payed on the house.

If the rateable value happens to be higher than the market price, the tax burden will be higher. It is essential to calculate this at the moment of the purchase.

Otherwise, the tax authority can claim back the difference months after you have signed your contract, including a penalty. Engaging in endless renovations. Many small construction companies can be unreliable or may give you a false estimate of the works.

We thereofre recommend to choose a building which needs little improvement. For any renovation works to be performed, sign an official contract.

Not understanding your contract. Buying property is a big investment that generates a number of responsibilities. It is therefore of vital importance to have all terms checked by a professional lawyer. Postponing your NIE application. There are always arguments for and against, but you only ever hear the arguments in favour of buying, because nobody has any incentive to spend time and money presenting the arguments against. People in the business can make big money from property sales, but nobody makes any money from convincing people not to buy.

Are they? Maybe I should put this entire series of articles behind a paywall and see what happens. Even the media and journalists have a bias towards the buying narrative, as nobody will pay for press trips or adverts against buying. I bet there are thousands of people alive today who rue they day they bought a property in Spain. Do I have an incentive to dwell on the reasons not to buy?

Not really, unless people are prepared to pay for good advice that could save them a great deal of money and stress. Will anyone pay to read these articles? So, to recap, there are quite a few reasons and arguments against buying property in Spain, but nobody has any incentive to publicise them, whilst an entire industry has a big incentive to publicise the arguments in favour of buying, and even belittle or distort the arguments against.

If you are thinking of buying, you are only going to hear one side of the story. Until now, that is. I will write a series of articles on the different reasons and arguments I can think of against buying a property in Spain. Why not lump them all together in one article?

I think it would be way too long. For now you can see them here: Reasons not to buying property in Spain. Buying a property in Spain is right for some, but not for others, and in my experience too many people make their decision to purchase based on dreams and wishful thinking, and live to regret it. I live between Madrid and Toledo Very much regret buying property in Spain. First the taxes. As personal allowance in only in the region of Euros.

You need permission to do anything to your property and have to pay for the privilege. Examples are moving earth from one place to another on your own property. Putting up a fence around property. Painting the exterior of property anything and you cannot claim any money back on taxes when you sell. Taxes on the property when you do sell. You need permission for everything in Spain. The Spanish are very good at taking money from you with a smile.

Vehicles on second hand market are a nightmare and I am very mechanically minded. Trust no one. I live in a very rural and have security system but have been robbed twice from surrounding grounds not house. Mostly opportunist theft. Now have a property in Portugal. So my advise is forget Spain Portugal is a far better bet. Good things about Spain, great road system.

With very little traffic. Paid for by EU funds. Could go on and on but will close now on subject. There are some very good agents I was one myself and Fred Van Kirmpen, who commented earlier is another and I will happily work with the few I trust,. Of course, as property finders working for the buyer we can also access properties that are privately for sale and have many clients who bought a property that they would never have seen if they only used estate agents.

But the reality is that few people take the time and trouble to do the due diligence required to buy in what for most is a foreign country and they are way out of their comfort zone. Over many years in the business I have never come across a problem that would not have been avoided if the proper research had been done. You must be logged in to post a comment. Raymond has been practicing law since He also has international experience, having worked for several years in the United Kingdom for a leading British multinational.

Using the extensive knowledge and experience gained, he set up his own practice in Marbella. He advises mainly UK and non-UK domiciled clients. His main areas of expertise are conveyancing and non-resident taxation. His articles and blogs are widely used by the real estate industry and property think tanks, having been translated into multiple languages.

He has made several media appearances throughout the years and is regularly quoted by the international press as a reliable source in his field of expertise The Sunday Times , The New York Times , The Guardian , WSJ etc.

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Statistics and prices of properties with pool in Spain

Prices are going up in this area.

Average price in this area: 1,389 €/m2

The cheapest property in this area: Rent to own detached house in Alcobendas, 0

The most expensive property in this area: Hotel for sale in Nueva Andalucía, Marbella, 65,000,000 €

Cheapest areas: Aragon, Castile and Leon, Estremadura

Most expensive areas: Melilla, Balearic Islands, Andalusia

Prices are going down in the areas: Madrid, Andalusia, Canary Islands.

More statistics and trends...