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To buy property in spain reviews

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Sale (9,782)Rent to Own (729)New Construction (940)
221,000
* €/m2
How to buy: the buying process in Spain
112 m2 | 1 bedrooms | 2 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
There can be pitfalls of buying a property in Spain if you're not careful. Read this article and make sure you buy a house in Spain problem-free. For many aspiring expats and emigrees, buying a property in Spain represents a dream that will provide them with either the perfect holiday. 6 Reasons You Should Reconsider Buying Property In Spain. In June , I bought a home in Valencia, Spain. You are probably asking.

Naturally, registration does not guarantee honesty or competence, but it is a good minimum standard to insist on. Many governments provide lists of lawyers and translators who speak both Spanish and another language.

The Spanish government also provides a list of accredited translators page in Spanish, follow first link in article text for up-to-date PDF.

You may change your settings at any time. Your choices will not impact your visit. NOTE: These settings will only apply to the browser and device you are currently using. Search for:. Buying property in Spain. Last update on May 21, The Spanish property market Spain suffered during the global financial crisis and ensuing property market crash.

Should you rent or buy in Spain? Can foreigners buy property in Spain? Buy a property, get a visa Spain currently offers a golden visa program for property owners.

Buying a home in Spain: where to find real estate As it is easy for foreigners to buy property in Spain, there are websites and estate agents catering to almost every language and nationality. Illegal properties For a long time, Spain has been popular with overseas buyers looking for holiday homes. They recommend, at minimum checking: The credentials of any lawyers or estate agents used; the land registry Registro de la Propriedad ; that appropriate planning permission has been obtained; that there are no outstanding debts attached to the property, such as a mortgage; that the property is as described and structurally sound either a surveyor or an architect can do this.

Buying off plan or a new-build home The worst property scams in Spain, as elsewhere, involve unfinished or unbuilt properties.

At minimum you should: Check the company exists; check online at www. Ensure that the project is registered with the land registry. Check that planning permission has been granted by enquiring at the local city hall.

Enlist an independent party for any translations. Demand proof that any sums paid e. Debts transfer with property In Spain, any mortgage or debt tied to a property is transferred to the new owner when the property is sold.

Buying a Spanish property The process of buying a property in Spain usually runs as follows. Legal requirements The services of a notary are not legally necessary to complete the sale. Funding purchase: deposits and mortgages Following the crash, Spanish banks were reformed with significant IMF involvement.

Fees and charges The buyer usually pays the fees. Flat lay of business concept Capital gains tax Capital gains tax is paid on the profit of selling your home, i. Choosing a reliable lawyer Any lawyer practising in Spain should be registered with the local bar association Colegio de Abogados.

Finding a translator Many governments provide lists of lawyers and translators who speak both Spanish and another language. Related articles. July 1, A guide to Spanish mortgages.

Housing Listings. 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.

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? 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?

984,000
* €/m2
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183 m2 | 8 bedrooms | 10 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
For many aspiring expats and emigrees, buying a property in Spain represents a dream that will provide them with either the perfect holiday. Are you thinking of buying a brand new property in Spain? Is there any particular new development in Spain you'd like to have us review? There can be pitfalls of buying a property in Spain if you're not careful. Read this article and make sure you buy a house in Spain problem-free.

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. You may be able to claim a reduction on the capital gains tax to account for inflation; or if you are purchasing another property in Spain; or if you are over 65 and have lived in the property as your main residence for more than three years.

Your residential status does not affect the application of capital gains tax either, as capital gains tax should be paid in Spain for property owned in Spain even if you are no longer a resident.

Any lawyer practising in Spain should be registered with the local bar association Colegio de Abogados. They will have a registration number that you can ask for and then verify with the bar association. Naturally, registration does not guarantee honesty or competence, but it is a good minimum standard to insist on.

Many governments provide lists of lawyers and translators who speak both Spanish and another language. The Spanish government also provides a list of accredited translators page in Spanish, follow first link in article text for up-to-date PDF. You may change your settings at any time. Your choices will not impact your visit. NOTE: These settings will only apply to the browser and device you are currently using. Search for:. Buying property in Spain. Last update on May 21, The Spanish property market Spain suffered during the global financial crisis and ensuing property market crash.

Should you rent or buy in Spain? Can foreigners buy property in Spain? Buy a property, get a visa Spain currently offers a golden visa program for property owners. Buying a home in Spain: where to find real estate As it is easy for foreigners to buy property in Spain, there are websites and estate agents catering to almost every language and nationality. Illegal properties For a long time, Spain has been popular with overseas buyers looking for holiday homes.

They recommend, at minimum checking: The credentials of any lawyers or estate agents used; the land registry Registro de la Propriedad ; that appropriate planning permission has been obtained; that there are no outstanding debts attached to the property, such as a mortgage; that the property is as described and structurally sound either a surveyor or an architect can do this.

Buying off plan or a new-build home The worst property scams in Spain, as elsewhere, involve unfinished or unbuilt properties. At minimum you should: Check the company exists; check online at www. Ensure that the project is registered with the land registry. Check that planning permission has been granted by enquiring at the local city hall. Enlist an independent party for any translations. Demand proof that any sums paid e.

They can tell us how they felt dealing with the builder. Has the system worked? Assuming you are in the early stages of Spanish property purchase. What particular community in Spain are you thinking of buying in? Did you know we are opening a new office in Pilar De La Horadada? Property owners: Would you like to leave a review, Tripadvisor style, on our website about a particular community, urbanisation etc?

Have you something to get off your chest either good or bad about the process of buying a new build property in Spain? 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.

122,000
* €/m2
The Spanish property market
277 m2 | 5 bedrooms | 7 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
More British people are buying properties in Spain in Find out why Brexit is no longer a major concern for most. Read our FREE expert guide to buying property in Spain. Smart's service is ranked 5 out of 5 by the thousands of reviews on Trustpilot. 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.

Major cities such as Barcelona, Palma and Madrid are reaching record-high average rental prices, as more and more homes go up for sale. British buyers usually find the purchasing process to be relatively uncomplicated, as there is no requirement to be a Spanish resident to buy property.

The country actively encourages investment from outside the country in the property market, with a Spanish NIE tax identification number being the main legal requirement. However, uncertainty about the final Brexit agreement is causing some Brits to delay their property purchase until it becomes clear exactly what deal will be made.

Choosing a reputable property agency can help buyers reduce the risks they face during the house-buying process. Be aware of agencies that ask for payment upfront, as these may be unregulated and not follow best practices. You can also visit property websites such as idealista. British-based financial institutions are usually a good starting place, with high street lenders such as Santander having a major presence 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. 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.

240,000
* €/m2
114 m2 | 10 bedrooms | 1 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
For many aspiring expats and emigrees, buying a property in Spain represents a dream that will provide them with either the perfect holiday. More British people are buying properties in Spain in Find out why Brexit is no longer a major concern for most. 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.

Did you know that you can ski in Andalusia? The Sierra Alhamilla is just an hour away, with plenty of unspoilt hiking trails. And all this with some of the cheapest homes in Spain! Although the surrounding area is mainly rural, access is simple. The Eix Comercial, below the Old Cathedral, is the main shopping street. This is a mainly Catalan-speaking area. Essentially everyone is bilingual in Spanish, but locals really appreciate it when expats try out a few phrases in Catalan too.

Torrevieja lies on the Costa Blanca , with fantastic beaches within easy reach. Its location between the sea and two salt lakes gives it a particularly healthy climate. The Playa de la Cura and Playa de los Locos are popular beaches and districts for expats. The region lies to the south of the might Ebro River. It has produced wine since Roman times — and this is still the main industry.

There are lots of reasons why people want a second home in Spain. Its fantastic climate for a start, which allows for a wonderful lifestyle. Throw in convenient access from the UK, affordable property, world-class cities and 5,kms of pristine coastline, and it seems a no-brainer. Join us as we explore some of the best places to buy a holiday home in Spain. The Costa del Sol is extremely popular with British buyers, meaning English is widely spoken.

So where should you look for your holiday home around here? Prices for larger properties are comparatively high but you can find two-bed apartments for a reasonable price depending on location. Torremolinos is a resort town with plenty of apartment buildings and, if you are not worried about a sea view, you can find nice flats for sensible prices. Estepona is another town which is sought-after for holiday homes, as is La Duquesa to the west of Marbella.

Lying to the north of the Costa del Sol is the Costa Blanca, another extremely popular holiday home destination. The weather is also warm and sunny most of the year, but property prices tend to be less expensive than on the Costa del Sol.

There are 18 golf courses in the area to choose from and property ranges from rural fincas to resort apartments. The south is very warm and dry with great beaches on the fairly flat terrain. As you travel north, you will see a changing landscape as mountains start to appear and it becomes much greener.

The beaches are made up of little coves with cliffs and are quite rocky. The south is closer to Alicante and Murcia airports making accessing your holiday home a breeze. The north is very pretty and more peaceful, but property prices are considerably higher. South of Benidorm is where to look for excellent beaches and seaside resorts. To the north are typical seaside villages lining the green hillsides and if you venture further inland you will find vineyards and orange groves.

Torrevieja in the south is one of the best-known resort towns, offering everything you would want for a holiday home destination by the sea. Other destinations popular with British buyers include Alicante and La Manga, the narrow promontory separating the Mediterranean from the Mar Menor.

These all have large expat communities, and English is widely spoken. Teulada-Moraira are two towns in one and would be a good choice for people seeking a traditional setting. As would Altea, despite its close proximity to Benidorm. The Balearic Islands each have their own beauty and identity. The best known and largest island is Mallorca or Majorca where many celebrities have their holiday homes.

The sheer beauty of this island with its mountains, coves, stunning coastline and marinas is what lures them and countless others. It is an expensive island though, so if you are thinking of buying your holiday home here you will probably need a bigger budget than on the mainland costas. The north of the island is the most exclusive.

The winters are not as mild as in the south and so many restaurants and businesses close, but you will always find some places open. The port offers sandy beaches and golf courses and is a busy place with plenty going on. Most of the property is new and modern. In the south-west is Andratx, which has a small but pretty port and a yacht club. This as a typically Mallorcan town, so not as busy as others on the island. The people of Mallorca speak Mallorquin, similar to Catalan, though on the coast most people speak Spanish and English too.

Take a look at our advice on language in Spain. A much smaller and quieter island, Menorca is the ideal place for peaceful holidays. It has encouraged sustainable tourism for years and the gentle terrain makes it perfect for hiking and cycling. There are some wonderful unspoilt beaches, such as Marcarella Cove, which has very fine sand and an aquamarine sea.

It is also home to a quaint old town. The British and Spanish are the main buyers but recently the French have discovered its charms. Flights to the island are plentiful from Easter to October, but are reduced to one a week during the winter months.

Head into the hills and there are pretty villages and upmarket homes. The southern part is home to Tossa de Mar and Lloret de Mar, both popular holiday spots. Of the two, Tossa is undoubtedly the more attractive. The further north you head, the coastline changes to rocky inlets and small coves. Almost halfway up is the town of Sant Feliu de Guixols, a very Catalan seaside spot popular with families. It has two pretty beaches, a small rambla, plenty of bars, all types of restaurants, a pretty pedestrian-free centre and a permanent British community.

These, together with the hilltop town of Begur, are the jewels of this coastline — small seaside fishing villages with an authentic feel. This part of the Costa Brava is quite pricey for obvious reasons but the views from the rocky cliffs are stunning. While the British property market struggles, prices in Spain continue to rise.

If you are looking to invest in Spain in the near future, come to the next Your Overseas Home event. There will be legal and currency specialists, plus gorgeous Spanish homes for sale. You might also be interested in our guide to renting out property in Spain. Property prices in Catalonia have fallen recently, perhaps due to the push for independence. Barcelona still commands high prices, but even here there are bargains to be found and, if you are considering buying to invest, Barcelona is still amongst the top cities in Spain.

The Catalan coast is always popular with Spanish people and overseas buyers. Until now, these cities have not seen the increase in prices experienced in Madrid and Barcelona but are seen, nonetheless, as having great potential. Seville was named the best European city to visit in by Lonely Planet, which can only boost property sales.

It continues to appeal to a large variety of purchasers and renters. San Sebastian is another city worth considering. It is one of the most expensive cities in Spain as far as the cost of living goes, but has a flourishing restaurant and tourist sector and people are always seeking affordable accommodation. A small apartment here could be an excellent investment. Tenerife saw price increases in and this trend should continue. Tourism on the island has been growing for many years and returns on rental property here are high.

Beware though, if you intend to rent out your property to tourists you must ensure that it lies within a community which permits you to do so. It is a traditional Spanish city with a long and interesting history, a very pretty old town, a port and lots of culture on offer.

Spain really does offer something for everyone. Whatever style appeals to you, you will find it here. You can find apartments , townhouses , villas , masias, fincas, cortijos , white villages , cave homes , park homes ….

Those looking for a project could even buy land in Spain. Most Spanish people live in apartments too, gardens being less important in this frequently parched country. The positives of apartments include affordability, ease of use and amazing views.

They are a lock-up-and-leave option, with no gardens to water or pools to clean. Communal areas will be looked after — although do check the management fees — and that can even include swimming pools, gyms, club houses or even a golf course. New property developments are now required to have energy-efficient heating and insulation, especially with regards to soundproofing a real problem in the past. You may have to pay extra for parking, and apartments with a sea view command higher prices, of course.

However, you may find one overlooking a park or other green space at a more competitive price. Some apartment blocks have shared swimming pools and gardens. Some cities will have elegant apartments from around the turn of the 20th century too: light and airy, with high ceilings, double doors and attractive plasterwork. On the other hand, they may not have a lift or parking.

A townhouse will tend to be a terraced property in a town or on an urbanisation. Some are very spacious while others may feel cramped. The gardens are usually quite small but there are often communal gardens to be enjoyed and a swimming pool or two, depending on the size of the development.

Different nationalities tend to buy in the same area, so you could find a townhouse near to other British people. For developments that are occupied all year, there is often a good sense of community and the properties are easy to maintain. Perfect for people who buy holiday homes and who are only in Spain part of the year. There will be service charges to pay which go toward the upkeep of the pool, gardens and communal areas.

Most villas have a minimum of three bedrooms and two bathrooms shower room , and for this reason are the most expensive property option. Villas built on hillsides with sea views will cost more than those with mountain or town views — the same goes for townhouses and apartments. You will find that property plots have been getting smaller in general, so an older villa could offer you much more land.

If you feel the cold, make sure your villa or townhouse or apartment has central heating. The Spanish seem to have lots of words for farmhouse!

These imposing country properties can command high prices. Masias are large stone properties which belonged originally to a local dignitary. They are spacious and usually have a substantial amount of land around them. If you are thinking of running your own business, a masia could provide all that you need. Fincas and cortijos are farmhouses, some dating back centuries. These used to be small estates and today are sought after by people looking for a tranquil rural existence.

Despite being in the countryside, some are not all that far from the sea and these command higher prices than truly rural properties. Usually there are several outbuildings, which many international buyers have found a use for. Gleaming on many an Andalusian hillside, these picture-perfect villages have stone houses painted bright white, often brightly coloured doors and window shutters and with bougainvillea pouring from balconies. They do have excellent rental appeal though. They also offer a community, and a warm welcome to international buyers.

Indeed, in many parts of rural and north-west Spain , they still are. The influx of overseas buyers has led to revived village traditions, reopened schools and new wealth. They may not look like a cave from the outside. Most look like normal villas but extend into the hillside.

These areas are easy to reach all year and with easy access to both mountains in ski season and beach in the summer season. The British journalist Mathew Parris owns cave house in Andalusia. Here there are whole suburbs of cave houses.

Few are natural: most are chiselled into soft conglomerate rock or hard clay, and whitewashed within. You will usually be warmed by the welcome from your fellow park residents too. Many park estates offer vibrant and friendly communities, with facilities such as clubhouses, swimming pools and even golf courses.

Do beware the yearly service charges and ground rent however, as these can be higher than in a bricks and mortar home. The great disadvantage is that, unlike bricks and mortar, your park home will fall in value over time. Property in Spain is often referred to as resale or new build. So, what are the advantages of buying off-plan in Spain? Buying off-plan in Spain is a relatively smooth process, but there are a few differences to the standard buying process.

For those still undecided between a resale and a new-build property in Spain, there are plenty of advantages over resale properties:. Purchasing a property in Spain is no simple process. There is much to be considered, and many areas such as legal and financial regulations where it is important to consult the services of trusted professional experts. The right information at the beginning of your process will set you on the right path to successfully and safely purchasing property in Spain, and will ensure you have the right expertise by your side on every step on the journey.

So, we recommend getting in touch with an estate agent, lawyer, currency specialist and independent financial adviser at an early stage. Our team can help you find the right experts for you.

Engage the services of an independent, English-speaking solicitor who is a specialist in property law as soon as you decide to buy, and make sure to include their fees when budgeting for your purchase. We can introduce you to a trusted lawyer who have successfully and efficiently dealt with hundreds of our readers in the past.

Get introduced to a laywer today. Some estate agents may suggest that you can save the money on a lawyer, as the notary will check that everything is above board.

However, the notary is simply checking that the legal processes are followed; they will not be protecting your interests. In the long run, it is certainly worth spending the money for a lawyer. Among their checks will be that the seller is the legal owner, that there are no outstanding debts or mortgage on the property, that the property complies with planning and building regulations, and if any major construction is due in the area.

Your lawyer will also help you to make a Spanish will. They will help you assess the implications and differences between inheritance laws in your region of Spain, compared to your home country. It is important that whoever you work with is independent of the developer and agent and working for you alone. Once the sale has gone through, you can retain the services of your independent solicitor for any further advice. For example, your lawyer can help will any plans you have to open a business or become self-employed in Spain, if you want to change your will, or if you need advice on residency or permits.

Learn more about legal matters when living in Spain. Your lawyer will engage the services of a notary Notario. The solicitor will be employed by you alone to protect your interests, while a notary, also legally trained, is employed by the government and therefore does not officially act for either side of the transaction.

The role of a notary is to oversee and rubber-stamp the paperwork in a property transaction, check all necessary taxes are paid and register the property with the Spanish Land Registry. Your independent solicitor will ensure your contract and property are exactly how you — their client — want them, and that you are protected from any charges left over from the previous owner s , such as mortgage costs, estate or municipal taxes, and any other claims.

That person was the gestor. They should not replace your lawyer, however. The right estate agent will ensure the success of your property purchase in Spain. A bad one can cost you time, money, hassle and heartbreak. Contact them with a brief early on and see how long it takes them to reply and whether the information they send is relevant to your requirements. However, a good estate agent will have helped hundreds of clients and might just have a wildcard property that surprises you.

So it is important to build a rapport and to be honest. Additionally, they should be able to advise you on the wider location and flag up any particular highlights that you may appreciate. Over the years of helping people buy homes in Spain, we have partnered with a number of reliable estate agents. Get in touch with our team for a recommendation. Not only do they offer guidance through the purchase process, which usually is a bit of an unknown to foreigners, they are also geared up to assist new owners with anything they need once they have the keys to their property.

During the purchase process, first-rate agents will be transparent about pricing and help clients to agree a fair purchase price with the vendor. Usually, this can all be done during a viewing trip before a client returns to the UK, safe in the knowledge that everything is in place for their sale to proceed towards completion in their absence. The exchange rate is constantly changing, not just day to day but by the minute.

Every single transfer you make to pay for your property — whether a deposit, estate agent fees, or lump sum for the final purchase — has the potential to cost you more than it should, driving up the cost of your property.

In the time between putting in an offer and actually paying, the price will be fixed in euros but constantly changing in pounds. A currency company that specialises in high-value transactions such as properties can solve these kinds of problems.

We encourage you to use our partner, Smart Currency Exchange. With a forward contract, you can fix the same exchange rate for a year without any further fees. An independent financial adviser IFA can help you set a budget , organise your finances and reduce your costs when buying property in Spain. Our partner can help with all financial issues, from pensions including QROPS and taxation to wills — simply contact our team to find out more. If you are not paying in cash, you might also need to contact a mortgage adviser.

They can also help with life insurance. For more information, read our guide on financing a property purchase in Spain. We have lots of Spanish property finance guides to help you put together a budget and get to grips with all the costs. These include legal fees, taxes, the cost of the notary , disbursements and the cost of transferring your money over to Spain. When relocating permanently to Spain, you will need to be aware of any tax implications based on residential status.

There are also HMRC regulations that may be affected by your emigration. As well as taxes on selling your UK home or purchasing your Spanish homes, and inheritance tax.

Speak to an independent financial adviser , who can help you navigate through the jargon and ensure all your taxes are considered. Learn more about tax planning when buying property in Spain.

If you have the ready cash to buy in Spain, maybe in savings, from selling a property or an inheritance, buying will be straightforward. Firstly, go through your assets. Savings, investments you can cash in, pension drawdown, maybe there are items cluttering up the house you could happily swap for a home in Spain! Putting these together, work out the total amount of money you have available to hand.

Speak to an estate agent , independent financial advisor , bank or other lender to go through your options. Booking a viewing trip to Spain will allow you to explore your chosen corner of the country and get a true feeling about the area — and indeed the properties available. Ideally, you want to spend about 4—7 days on a viewing trip to Spain. Take some time to explore the area, speak to the locals, visit the shops and check out attractions. This will also be a slower time for estate agents and vendors as well, meaning you should get more attention and may be able to negotiate a lower price.

Rather than booking into a hotel on your trip, why not rent a property in the area and get an idea of what the prospective town is actually like? Having to go out and get groceries will allow you to navigate the area, and give you an idea of the accessibility of shops and amenities as well as the cost of every item. You can also get an idea of the noise levels — if there is a nightclub next door that opens at 11pm, or if there is a flight path overhead. They should take you around the properties, and use this time to answer any queries and concerns and any other areas you are not quite sure about.

If you are seeing several properties a day for a few days, it can be really difficult to remember all the details about each one, so we have put together a downloadable property analysis worksheet for you to use. This allows you to rate every aspect of the property, from its general appearance to its location and access to local amenities, for easy comparison.

Call a member of the resource team on to receive your copy. Sometimes it can be a good idea to take multiple viewing trips to Spain — with the first one being merely a leisure trip to explore the area without actually contacting any agents and arranging viewings. You could then take a second trip once you have decided on areas, and spend this one viewing properties with your selected agent.

In effect, it is your financial identity in Spain. There are three different tax numbers in Spain, with NIE being one of them. You will need this to perform any legal or commercial business, including buying a property. A NIE number is made up of nine digits, the first and last are letters. It is used by the Spanish tax authorities to calculate tax owed. As already mentioned you must have one to buy property, but there are many other situations which require an NIE number: buying a mobile phone contract, ordering online, paying a deposit on goods, installing a fixed phone, electricity and gas contracts, water contract, national health cover , mortgage application, vehicle purchase, the list goes on.

Without it, you cannot function properly in Spain even when you use cash. 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. Reducing unnecessary fees and charges when buying property in Spain is an important consideration for most house-hunters. Using companies that specialise in international money transfers such as TransferWise can help you save significant amounts.

However, you may only get given a rate of 1. With its borderless account you can also activate euro account details free without any minimum deposit requirements. This way you can convert your pounds into euros when rates are favourable and hold your euros, and more than 40 other currencies, and make payments as and when you need.

We urge you to turn off your ad blocker for The Telegraph website so that you can continue to access our quality content in the future. Visit our adblocking instructions page. Telegraph Money TransferWise.

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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. Can foreigners buy property in Spain? British buyers usually find the purchasing process to be relatively uncomplicated, as there is no. 6 Reasons You Should Reconsider Buying Property In Spain. In June , I bought a home in Valencia, Spain. You are probably asking.

I had thought that the primary purpose of their purchase was to provide an alternative life experience. It was now clear that return on investment was paramount. I share this story because when buying a property overseas , you must be clear about your objectives. The preeminent question should be whether you are buying primarily as an investment or as a lifestyle purchase intended to bring you a better life experience.

This is not an article full of tax details and financial recommendations. I am not an accountant, and you probably have a unique financial portfolio that most likely requires a specialist. Also, given the U. 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. Using companies that specialise in international money transfers such as TransferWise can help you save significant amounts.

However, you may only get given a rate of 1. With its borderless account you can also activate euro account details free without any minimum deposit requirements. This way you can convert your pounds into euros when rates are favourable and hold your euros, and more than 40 other currencies, and make payments as and when you need. We urge you to turn off your ad blocker for The Telegraph website so that you can continue to access our quality content in the future.

Visit our adblocking instructions page. Telegraph Money TransferWise. Thinking about purchasing a house in Spain? Assuming you are in the early stages of Spanish property purchase. What particular community in Spain are you thinking of buying in? Did you know we are opening a new office in Pilar De La Horadada?

Property owners: Would you like to leave a review, Tripadvisor style, on our website about a particular community, urbanisation etc? Have you something to get off your chest either good or bad about the process of buying a new build property in Spain?

We are delighted to share your experience with our clients and everyone benefits. Really, we just want to know what your feel our clients should know.

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6 Reasons You Should Reconsider Buying Property In Spain. In June , I bought a home in Valencia, Spain. You are probably asking. 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. 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.

It is an elegant city with plenty of green spaces, a first-class metro and bus service, an international airport and wonderful museums and art galleries.

It also has a great music scene offering everything from classical concerts to late-night jazz. Every nationality is represented in this cosmopolitan city, as demonstrated by the wide variety of restaurants and food available, not just in the city centre but also in residential districts.

There are several British schools in the city as well as international ones, and they offer education to children of all ages. The climate is typical of inland locations: cold in winter, very hot in summer. However, with global warming, Madrid has seen some milder winters of late. The summer heat tends to be dry which makes it more comfortable. Barcelona, the capital city of Catalonia, saw a regeneration in when it hosted the Olympics.

A modern, vibrant city by the sea, Barcelona has a huge port capable of welcoming the largest cruise ships and container ships afloat. There are also several pleasant beaches on which to relax. It is probably even more cosmopolitan than Madrid and its residential districts are leafy and comfortable.

Transport connections are excellent and the metro is very efficient. El Prat airport has two terminals and direct flights to every corner of the world. There are cycle lanes and wide boulevards as in Madrid and life here is very enjoyable. There is also a strong work ethic. The Mediterranean climate is pleasant, with mild winters and hot summers which can be quite humid. There is a lot on offer culturally too, with some of the biggest names in the entertainment industry making regular visits to the huge Palau Sant Jordi arena.

The third city of Spain, Valencia, lies a few kilometres from the sea and also has a large port area as well as a lovely promenade lined with bars and restaurants. The city centre seems quite small, although very pretty. Following a disastrous flood in when the river Turia which flowed through the city burst its banks, the riverbed was drained and rerouted. Eventually, the citizens demanded it be turned into a park for the residents, rather than a construction site.

Today there are 14km of glorious parkland to be enjoyed with various locations dedicated to relaxation and sport. The historic centre is a maze of streets and little squares, the largest being the magnificent Plaza de la Virgen at the top of which is the wonderful cathedral. A city of food, there are tapas bars to suit every taste, good restaurants and two specialities — Paella a la Valenciana and Agua de Valencia.

The latter is made from fresh orange juice, cava and a dash of vodka or gin. Valencia has to be one of the most relaxed places to live in Spain. Property here is cheaper than in Madrid or Barcelona but there are some upmarket districts overlooking the river park.

As with the two larger cities, there are British and international schools. The climate is typically Mediterranean with mild winters, warm springs and long, hot summers. The historic centre is condensed into a small area and is an absolute delight, renowned for its tapas bars and restaurants.

The outlying residential districts are pleasant, with few high-rise buildings, plenty of greenery and lovely views. With regard to work opportunities , transport and logistics is an expanding sector here but traditionally the city caters to tourism, construction and technology businesses.

The city of Zaragoza, in the province of Aragon, is often overlooked by British property buyers. This is a pity as it is a delightful place to live.

It is the fifth largest city in Spain and much of the centre is pedestrianised, allowing residents to enjoy it without having to dodge traffic. It is an inland city and as such has very hot and dry summers, while winters tend to be cold. It is also a windy place but the comfortable way of life here more than compensates for that.

There is a lot of industry on the outskirts, which offers employment, and its central location means very good communications to Madrid — 90 minutes on the AVE fast-speed train and a similar amount of time to Barcelona. Inside the city, the bus service is frequent and cheap, and Zaragoza airport serves several Spanish destinations.

The people here are particularly friendly. El Tubo is one of the best tapas bar areas in Spain and Zaragoza boasts two fabulous cathedrals in the same square, Plaza del Pilar. Pilar is the patron saint of the city. Property here is comparatively inexpensive, around half the price of other large cities.

Many would-be expats are attracted to the pretty inland towns and villages that are surrounded by vineyards and steeped in history. You will still find urbanisations in the country areas, but it is more likely that you will come across typical village houses, either of natural stone or, as in Andalucia, painted white.

Village properties are generally cheaper than the bigger towns unless it is a village which particularly attracts tourists such as Mijas, Andalucia or Pals, Catalunya , but they are more likely to need some if not total renovation, and the running and maintenance costs may be quite high.

These properties are nevertheless popular, especially when the village offers a bar or two, shops, chemist, etc. Skiing and winter sports are widely practised here, as is hiking and bird-watching in the summer months. The mountain ranges of the Pyrenees, the Cordillera Cantabrica, Sistema Central, Sierra Morena, and the Cordillera Subbetica all offer attractive properties, many with a rental income.

Homes in the better known and smarter resorts are inevitably more expensive, but there are numerous little towns and villages offering good value for money. Although the economy has been steadily climbing upwards for a number of years now, property is extremely affordable.

If you know where to look, you can find homes thousands of euros below the average property price. Keep reading to discover where to find the cheapest homes in Spain. This is a huge beach completely free of development, due to its location in the Cabo de Gato Natural Park.

Did you know that you can ski in Andalusia? The Sierra Alhamilla is just an hour away, with plenty of unspoilt hiking trails. And all this with some of the cheapest homes in Spain! Although the surrounding area is mainly rural, access is simple. The Eix Comercial, below the Old Cathedral, is the main shopping street.

This is a mainly Catalan-speaking area. Essentially everyone is bilingual in Spanish, but locals really appreciate it when expats try out a few phrases in Catalan too. Torrevieja lies on the Costa Blanca , with fantastic beaches within easy reach. Its location between the sea and two salt lakes gives it a particularly healthy climate.

The Playa de la Cura and Playa de los Locos are popular beaches and districts for expats. The region lies to the south of the might Ebro River. It has produced wine since Roman times — and this is still the main industry. There are lots of reasons why people want a second home in Spain.

Its fantastic climate for a start, which allows for a wonderful lifestyle. Throw in convenient access from the UK, affordable property, world-class cities and 5,kms of pristine coastline, and it seems a no-brainer. Join us as we explore some of the best places to buy a holiday home in Spain. The Costa del Sol is extremely popular with British buyers, meaning English is widely spoken. So where should you look for your holiday home around here?

Prices for larger properties are comparatively high but you can find two-bed apartments for a reasonable price depending on location. Torremolinos is a resort town with plenty of apartment buildings and, if you are not worried about a sea view, you can find nice flats for sensible prices.

Estepona is another town which is sought-after for holiday homes, as is La Duquesa to the west of Marbella. Lying to the north of the Costa del Sol is the Costa Blanca, another extremely popular holiday home destination. The weather is also warm and sunny most of the year, but property prices tend to be less expensive than on the Costa del Sol. There are 18 golf courses in the area to choose from and property ranges from rural fincas to resort apartments. The south is very warm and dry with great beaches on the fairly flat terrain.

As you travel north, you will see a changing landscape as mountains start to appear and it becomes much greener. The beaches are made up of little coves with cliffs and are quite rocky. The south is closer to Alicante and Murcia airports making accessing your holiday home a breeze. The north is very pretty and more peaceful, but property prices are considerably higher. South of Benidorm is where to look for excellent beaches and seaside resorts. To the north are typical seaside villages lining the green hillsides and if you venture further inland you will find vineyards and orange groves.

Torrevieja in the south is one of the best-known resort towns, offering everything you would want for a holiday home destination by the sea. Other destinations popular with British buyers include Alicante and La Manga, the narrow promontory separating the Mediterranean from the Mar Menor.

These all have large expat communities, and English is widely spoken. Teulada-Moraira are two towns in one and would be a good choice for people seeking a traditional setting. As would Altea, despite its close proximity to Benidorm. The Balearic Islands each have their own beauty and identity. The best known and largest island is Mallorca or Majorca where many celebrities have their holiday homes.

The sheer beauty of this island with its mountains, coves, stunning coastline and marinas is what lures them and countless others. It is an expensive island though, so if you are thinking of buying your holiday home here you will probably need a bigger budget than on the mainland costas. The north of the island is the most exclusive. The winters are not as mild as in the south and so many restaurants and businesses close, but you will always find some places open.

The port offers sandy beaches and golf courses and is a busy place with plenty going on. Most of the property is new and modern. In the south-west is Andratx, which has a small but pretty port and a yacht club. This as a typically Mallorcan town, so not as busy as others on the island. The people of Mallorca speak Mallorquin, similar to Catalan, though on the coast most people speak Spanish and English too.

Take a look at our advice on language in Spain. A much smaller and quieter island, Menorca is the ideal place for peaceful holidays. It has encouraged sustainable tourism for years and the gentle terrain makes it perfect for hiking and cycling. There are some wonderful unspoilt beaches, such as Marcarella Cove, which has very fine sand and an aquamarine sea. It is also home to a quaint old town. The British and Spanish are the main buyers but recently the French have discovered its charms.

Flights to the island are plentiful from Easter to October, but are reduced to one a week during the winter months. Head into the hills and there are pretty villages and upmarket homes. The southern part is home to Tossa de Mar and Lloret de Mar, both popular holiday spots.

Of the two, Tossa is undoubtedly the more attractive. The further north you head, the coastline changes to rocky inlets and small coves. Almost halfway up is the town of Sant Feliu de Guixols, a very Catalan seaside spot popular with families. It has two pretty beaches, a small rambla, plenty of bars, all types of restaurants, a pretty pedestrian-free centre and a permanent British community.

These, together with the hilltop town of Begur, are the jewels of this coastline — small seaside fishing villages with an authentic feel. This part of the Costa Brava is quite pricey for obvious reasons but the views from the rocky cliffs are stunning. While the British property market struggles, prices in Spain continue to rise. If you are looking to invest in Spain in the near future, come to the next Your Overseas Home event. There will be legal and currency specialists, plus gorgeous Spanish homes for sale.

You might also be interested in our guide to renting out property in Spain. Property prices in Catalonia have fallen recently, perhaps due to the push for independence. Barcelona still commands high prices, but even here there are bargains to be found and, if you are considering buying to invest, Barcelona is still amongst the top cities in Spain. The Catalan coast is always popular with Spanish people and overseas buyers.

Until now, these cities have not seen the increase in prices experienced in Madrid and Barcelona but are seen, nonetheless, as having great potential. Seville was named the best European city to visit in by Lonely Planet, which can only boost property sales. It continues to appeal to a large variety of purchasers and renters. San Sebastian is another city worth considering. It is one of the most expensive cities in Spain as far as the cost of living goes, but has a flourishing restaurant and tourist sector and people are always seeking affordable accommodation.

A small apartment here could be an excellent investment. Tenerife saw price increases in and this trend should continue. Tourism on the island has been growing for many years and returns on rental property here are high. Beware though, if you intend to rent out your property to tourists you must ensure that it lies within a community which permits you to do so. It is a traditional Spanish city with a long and interesting history, a very pretty old town, a port and lots of culture on offer.

Spain really does offer something for everyone. Whatever style appeals to you, you will find it here. You can find apartments , townhouses , villas , masias, fincas, cortijos , white villages , cave homes , park homes ….

Those looking for a project could even buy land in Spain. Most Spanish people live in apartments too, gardens being less important in this frequently parched country. The positives of apartments include affordability, ease of use and amazing views. They are a lock-up-and-leave option, with no gardens to water or pools to clean.

Communal areas will be looked after — although do check the management fees — and that can even include swimming pools, gyms, club houses or even a golf course. New property developments are now required to have energy-efficient heating and insulation, especially with regards to soundproofing a real problem in the past. You may have to pay extra for parking, and apartments with a sea view command higher prices, of course.

However, you may find one overlooking a park or other green space at a more competitive price. Some apartment blocks have shared swimming pools and gardens. Some cities will have elegant apartments from around the turn of the 20th century too: light and airy, with high ceilings, double doors and attractive plasterwork. On the other hand, they may not have a lift or parking.

A townhouse will tend to be a terraced property in a town or on an urbanisation. Some are very spacious while others may feel cramped. The gardens are usually quite small but there are often communal gardens to be enjoyed and a swimming pool or two, depending on the size of the development. Different nationalities tend to buy in the same area, so you could find a townhouse near to other British people. For developments that are occupied all year, there is often a good sense of community and the properties are easy to maintain.

Perfect for people who buy holiday homes and who are only in Spain part of the year. There will be service charges to pay which go toward the upkeep of the pool, gardens and communal areas. Most villas have a minimum of three bedrooms and two bathrooms shower room , and for this reason are the most expensive property option.

Villas built on hillsides with sea views will cost more than those with mountain or town views — the same goes for townhouses and apartments. You will find that property plots have been getting smaller in general, so an older villa could offer you much more land.

If you feel the cold, make sure your villa or townhouse or apartment has central heating. The Spanish seem to have lots of words for farmhouse! These imposing country properties can command high prices. Masias are large stone properties which belonged originally to a local dignitary. They are spacious and usually have a substantial amount of land around them.

If you are thinking of running your own business, a masia could provide all that you need. Fincas and cortijos are farmhouses, some dating back centuries. These used to be small estates and today are sought after by people looking for a tranquil rural existence. Despite being in the countryside, some are not all that far from the sea and these command higher prices than truly rural properties.

Usually there are several outbuildings, which many international buyers have found a use for. Gleaming on many an Andalusian hillside, these picture-perfect villages have stone houses painted bright white, often brightly coloured doors and window shutters and with bougainvillea pouring from balconies. They do have excellent rental appeal though. They also offer a community, and a warm welcome to international buyers.

Indeed, in many parts of rural and north-west Spain , they still are. The influx of overseas buyers has led to revived village traditions, reopened schools and new wealth. They may not look like a cave from the outside. Most look like normal villas but extend into the hillside.

These areas are easy to reach all year and with easy access to both mountains in ski season and beach in the summer season. The British journalist Mathew Parris owns cave house in Andalusia. Here there are whole suburbs of cave houses. Few are natural: most are chiselled into soft conglomerate rock or hard clay, and whitewashed within.

You will usually be warmed by the welcome from your fellow park residents too. Many park estates offer vibrant and friendly communities, with facilities such as clubhouses, swimming pools and even golf courses. Do beware the yearly service charges and ground rent however, as these can be higher than in a bricks and mortar home. The great disadvantage is that, unlike bricks and mortar, your park home will fall in value over time.

Property in Spain is often referred to as resale or new build. So, what are the advantages of buying off-plan in Spain? Buying off-plan in Spain is a relatively smooth process, but there are a few differences to the standard buying process. For those still undecided between a resale and a new-build property in Spain, there are plenty of advantages over resale properties:.

Purchasing a property in Spain is no simple process. There is much to be considered, and many areas such as legal and financial regulations where it is important to consult the services of trusted professional experts. The right information at the beginning of your process will set you on the right path to successfully and safely purchasing property in Spain, and will ensure you have the right expertise by your side on every step on the journey.

So, we recommend getting in touch with an estate agent, lawyer, currency specialist and independent financial adviser at an early stage.

Our team can help you find the right experts for you. Engage the services of an independent, English-speaking solicitor who is a specialist in property law as soon as you decide to buy, and make sure to include their fees when budgeting for your purchase. We can introduce you to a trusted lawyer who have successfully and efficiently dealt with hundreds of our readers in the past. Get introduced to a laywer today.

Some estate agents may suggest that you can save the money on a lawyer, as the notary will check that everything is above board. However, the notary is simply checking that the legal processes are followed; they will not be protecting your interests. In the long run, it is certainly worth spending the money for a lawyer.

Among their checks will be that the seller is the legal owner, that there are no outstanding debts or mortgage on the property, that the property complies with planning and building regulations, and if any major construction is due in the area. Your lawyer will also help you to make a Spanish will. They will help you assess the implications and differences between inheritance laws in your region of Spain, compared to your home country.

It is important that whoever you work with is independent of the developer and agent and working for you alone. Once the sale has gone through, you can retain the services of your independent solicitor for any further advice. For example, your lawyer can help will any plans you have to open a business or become self-employed in Spain, if you want to change your will, or if you need advice on residency or permits.

Learn more about legal matters when living in Spain. Your lawyer will engage the services of a notary Notario. The solicitor will be employed by you alone to protect your interests, while a notary, also legally trained, is employed by the government and therefore does not officially act for either side of the transaction.

The role of a notary is to oversee and rubber-stamp the paperwork in a property transaction, check all necessary taxes are paid and register the property with the Spanish Land Registry. Your independent solicitor will ensure your contract and property are exactly how you — their client — want them, and that you are protected from any charges left over from the previous owner s , such as mortgage costs, estate or municipal taxes, and any other claims.

That person was the gestor. They should not replace your lawyer, however. The right estate agent will ensure the success of your property purchase in Spain. A bad one can cost you time, money, hassle and heartbreak. Contact them with a brief early on and see how long it takes them to reply and whether the information they send is relevant to your requirements. However, a good estate agent will have helped hundreds of clients and might just have a wildcard property that surprises you.

So it is important to build a rapport and to be honest. Additionally, they should be able to advise you on the wider location and flag up any particular highlights that you may appreciate. Over the years of helping people buy homes in Spain, we have partnered with a number of reliable estate agents.

Get in touch with our team for a recommendation. Not only do they offer guidance through the purchase process, which usually is a bit of an unknown to foreigners, they are also geared up to assist new owners with anything they need once they have the keys to their property.

During the purchase process, first-rate agents will be transparent about pricing and help clients to agree a fair purchase price with the vendor. Usually, this can all be done during a viewing trip before a client returns to the UK, safe in the knowledge that everything is in place for their sale to proceed towards completion in their absence.

The exchange rate is constantly changing, not just day to day but by the minute. Every single transfer you make to pay for your property — whether a deposit, estate agent fees, or lump sum for the final purchase — has the potential to cost you more than it should, driving up the cost of your property. In the time between putting in an offer and actually paying, the price will be fixed in euros but constantly changing in pounds.

A currency company that specialises in high-value transactions such as properties can solve these kinds of problems. We encourage you to use our partner, Smart Currency Exchange. With a forward contract, you can fix the same exchange rate for a year without any further fees.

An independent financial adviser IFA can help you set a budget , organise your finances and reduce your costs when buying property in Spain. Our partner can help with all financial issues, from pensions including QROPS and taxation to wills — simply contact our team to find out more. If you are not paying in cash, you might also need to contact a mortgage adviser. They can also help with life insurance. For more information, read our guide on financing a property purchase in Spain.

We have lots of Spanish property finance guides to help you put together a budget and get to grips with all the costs. These include legal fees, taxes, the cost of the notary , disbursements and the cost of transferring your money over to Spain. When relocating permanently to Spain, you will need to be aware of any tax implications based on residential status. There are also HMRC regulations that may be affected by your emigration.

As well as taxes on selling your UK home or purchasing your Spanish homes, and inheritance tax. Speak to an independent financial adviser , who can help you navigate through the jargon and ensure all your taxes are considered. Learn more about tax planning when buying property in Spain.

If you have the ready cash to buy in Spain, maybe in savings, from selling a property or an inheritance, buying will be straightforward. Firstly, go through your assets. Savings, investments you can cash in, pension drawdown, maybe there are items cluttering up the house you could happily swap for a home in Spain! Putting these together, work out the total amount of money you have available to hand.

Speak to an estate agent , independent financial advisor , bank or other lender to go through your options. Booking a viewing trip to Spain will allow you to explore your chosen corner of the country and get a true feeling about the area — and indeed the properties available. Ideally, you want to spend about 4—7 days on a viewing trip to Spain. Take some time to explore the area, speak to the locals, visit the shops and check out attractions.

This will also be a slower time for estate agents and vendors as well, meaning you should get more attention and may be able to negotiate a lower price. Rather than booking into a hotel on your trip, why not rent a property in the area and get an idea of what the prospective town is actually like? Having to go out and get groceries will allow you to navigate the area, and give you an idea of the accessibility of shops and amenities as well as the cost of every item.

You can also get an idea of the noise levels — if there is a nightclub next door that opens at 11pm, or if there is a flight path overhead. They should take you around the properties, and use this time to answer any queries and concerns and any other areas you are not quite sure about. If you are seeing several properties a day for a few days, it can be really difficult to remember all the details about each one, so we have put together a downloadable property analysis worksheet for you to use.

This allows you to rate every aspect of the property, from its general appearance to its location and access to local amenities, for easy comparison. Call a member of the resource team on to receive your copy. Sometimes it can be a good idea to take multiple viewing trips to Spain — with the first one being merely a leisure trip to explore the area without actually contacting any agents and arranging viewings.

You could then take a second trip once you have decided on areas, and spend this one viewing properties with your selected agent. In effect, it is your financial identity in Spain. There are three different tax numbers in Spain, with NIE being one of them. You will need this to perform any legal or commercial business, including buying a property. A NIE number is made up of nine digits, the first and last are letters. It is used by the Spanish tax authorities to calculate tax owed.

As already mentioned you must have one to buy property, but there are many other situations which require an NIE number: buying a mobile phone contract, ordering online, paying a deposit on goods, installing a fixed phone, electricity and gas contracts, water contract, national health cover , mortgage application, vehicle purchase, the list goes on. Without it, you cannot function properly in Spain even when you use cash.

If you come from the European Union EU , you should apply when you have been resident in Spain for three months. People buying property will need to apply well before finalising the purchase. It is usually necessary to speak and understand Spanish, so go with someone who can translate for you. This varies from region to region, but as a rule of thumb you can expect to receive your NIE number between two days and two weeks from applying.

In some districts you might receive your card immediately. This is a stage where you need to move fast, but you also need to make sure you keep the upper hand.

These are our top seven tips to make sure everything goes smoothly when making an offer on a Spanish property. Instead, make sure you also do market research and keep up to date with Spanish property news. That way, you can make an informed judgement yourself.

Always negotiate through the agent, but you can still add a personal touch, such as by writing a letter to the vendor, explaining why you want to purchase the property. You could walk away at any minute and buy something else; the vendor needs to make the money. Any delay in responding means you risk the deal falling through as the seller can take other offers into consideration. That way, you can respond quickly and confidently. Some people will make an offer on a house in Spain and see it fall through.

It can be difficult, but the best thing to do here is to try not to worry. Many people later end up relieved, rather than regretful — and have found an even better property down the line. Make sure to speak to your currency specialist before you make an offer on a house in Spain. As such, our partner, Smart Currency Exchange, recommends to our readers that they use a forward contract, fixing the exchange rate for twelve months for no extra money.

For anyone buying a home in Spain, a property survey is a must. But what can you expect from a survey, and how do you choose a surveyor?

Buying your dream home is a big step and you want your move to go as smoothly as possible. In other words, it stops you from going in blind — and gives you peace of mind that everything is as it should be, or gives you the knowledge of how to make it that way.

This is finding the Evidence of defects, determining the Causes and suggesting the Cures. Our advice helps our clients make informed decisions and, as an investment, often saves them many more times than the cost of our services! A big advantage of using a specialist here is the sheer breadth and depth of their expertise and experiences. We perform extra due diligence checks, as we often find big discrepancies in the paperwork between tax or title descriptions and the physical property. These can only be found by detailed inspection and measurement of the building and comparing that with the legal, tax and other paperwork.

It should also be reviewed by a second valuer. This includes making sure it complies with the current lease and we provide advice on actions to take to secure the income. We can also give guidance on how the property and income can be improved.

With 18 years in the market, we also give you an analysis of potential alternative use and tenant and market changes. Recent changes in legal requirements have made compliance and knowledge of the consequences essential before signing a lease.

More and more popular, especially on the Costa del Sol and Costa Blanca , is development for investment. In this case, your surveyor will need to adapt their approach. Additionally, we carefully analyse the proposals and give guidance on likely market progression throughout the construction period, which can be particularly useful for buyers in the early stages.

That way, you will understand likely value changes right through the construction period up to completion and sale. Your property surveyor needs to be trustworthy, ethical, reliable and, above all, experienced.

Survey Spain has helped many of our readers over the years and, in addition to the excellent feedback we receive, we have always been happy to recommend them precisely because of the high quality of their surveyors. We are continually updating and enhancing our knowledge and skills through formal Continuous Professional Development courses and by understanding the changing conventions in the local market. All our clients are protected by a formal complaints-handling procedure and we have a strict code of conduct.

Many of us have experience in both the UK and Spain, and have been new buyers ourselves, so we understand the special nature of dealing with overseas property. Again, depending on the terms, the deposit could be refundable or it might not be. Your lawyer will then check all of the legalities for the properties, including the building licence and bank guarantees.

Before the 15—30 days set out on the reservation agreement have run out, you will be asked to sign the deposit contract. This commits you to buying the property and the seller to sell it to you.

This is a key part of the legal process of buying a home in Spain: there is no chance of gazumping like in the UK. The contrato de arras sets out the exact details of the property: what it is and what the sale includes, where it is and who owns it.

It sets out the price, payment method and when the purchase will be completed. Although the parties can agree not to include these conditions, the law says that if the buyer now pulls out breaches the agreement , they lose the deposit.

Plus, if the seller is in breach, they must return the deposit doubled. The deposit should be kept in a separate account controlled by the lawyers and not passed to the seller until the final agreement. Reducing unnecessary fees and charges when buying property in Spain is an important consideration for most house-hunters. Using companies that specialise in international money transfers such as TransferWise can help you save significant amounts.

However, you may only get given a rate of 1. With its borderless account you can also activate euro account details free without any minimum deposit requirements. This way you can convert your pounds into euros when rates are favourable and hold your euros, and more than 40 other currencies, and make payments as and when you need. We urge you to turn off your ad blocker for The Telegraph website so that you can continue to access our quality content in the future.

Visit our adblocking instructions page. Telegraph Money TransferWise. Thinking about purchasing a house in Spain? Find out whether is the year to take the plunge. We've noticed you're adblocking.

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428,000
* €/m2
260 m2 | 2 bedrooms | 2 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Buying property in Spain as an expat can be a confusing endeavor. Before you jump into the Spanish property market, read our guide to buying. Are you thinking of buying a brand new property in Spain? Is there any particular new development in Spain you'd like to have us review? More British people are buying properties in Spain in Find out why Brexit is no longer a major concern for most.

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, British-based financial institutions are usually a good starting place, with high street lenders such as Santander having a major presence in Spain.

There are no legal restrictions on getting a mortgage from a Spanish bank as a British citizen but it could be more difficult as credit checks are performed locally and Brits will not be aware of the intricacies of this process. But whatever choice property buyers decide to make, they will undoubtedly have to transfer money from a UK bank account to Spain in order to place a deposit and pay legal or valuation fees. Reducing unnecessary fees and charges when buying property in Spain is an important consideration for most house-hunters.

Using companies that specialise in international money transfers such as TransferWise can help you save significant amounts. However, you may only get given a rate of 1. With its borderless account you can also activate euro account details free without any minimum deposit requirements. This way you can convert your pounds into euros when rates are favourable and hold your euros, and more than 40 other currencies, and make payments as and when you need.

You will need this to perform any legal or commercial business, including buying a property. A NIE number is made up of nine digits, the first and last are letters.

It is used by the Spanish tax authorities to calculate tax owed. As already mentioned you must have one to buy property, but there are many other situations which require an NIE number: buying a mobile phone contract, ordering online, paying a deposit on goods, installing a fixed phone, electricity and gas contracts, water contract, national health cover , mortgage application, vehicle purchase, the list goes on.

Without it, you cannot function properly in Spain even when you use cash. If you come from the European Union EU , you should apply when you have been resident in Spain for three months. People buying property will need to apply well before finalising the purchase.

It is usually necessary to speak and understand Spanish, so go with someone who can translate for you. This varies from region to region, but as a rule of thumb you can expect to receive your NIE number between two days and two weeks from applying. In some districts you might receive your card immediately. This is a stage where you need to move fast, but you also need to make sure you keep the upper hand. These are our top seven tips to make sure everything goes smoothly when making an offer on a Spanish property.

Instead, make sure you also do market research and keep up to date with Spanish property news. That way, you can make an informed judgement yourself. Always negotiate through the agent, but you can still add a personal touch, such as by writing a letter to the vendor, explaining why you want to purchase the property. You could walk away at any minute and buy something else; the vendor needs to make the money. Any delay in responding means you risk the deal falling through as the seller can take other offers into consideration.

That way, you can respond quickly and confidently. Some people will make an offer on a house in Spain and see it fall through. It can be difficult, but the best thing to do here is to try not to worry. Many people later end up relieved, rather than regretful — and have found an even better property down the line.

Make sure to speak to your currency specialist before you make an offer on a house in Spain. As such, our partner, Smart Currency Exchange, recommends to our readers that they use a forward contract, fixing the exchange rate for twelve months for no extra money.

For anyone buying a home in Spain, a property survey is a must. But what can you expect from a survey, and how do you choose a surveyor? Buying your dream home is a big step and you want your move to go as smoothly as possible. In other words, it stops you from going in blind — and gives you peace of mind that everything is as it should be, or gives you the knowledge of how to make it that way.

This is finding the Evidence of defects, determining the Causes and suggesting the Cures. Our advice helps our clients make informed decisions and, as an investment, often saves them many more times than the cost of our services! A big advantage of using a specialist here is the sheer breadth and depth of their expertise and experiences. We perform extra due diligence checks, as we often find big discrepancies in the paperwork between tax or title descriptions and the physical property.

These can only be found by detailed inspection and measurement of the building and comparing that with the legal, tax and other paperwork. It should also be reviewed by a second valuer. This includes making sure it complies with the current lease and we provide advice on actions to take to secure the income. We can also give guidance on how the property and income can be improved. With 18 years in the market, we also give you an analysis of potential alternative use and tenant and market changes.

Recent changes in legal requirements have made compliance and knowledge of the consequences essential before signing a lease. More and more popular, especially on the Costa del Sol and Costa Blanca , is development for investment.

In this case, your surveyor will need to adapt their approach. Additionally, we carefully analyse the proposals and give guidance on likely market progression throughout the construction period, which can be particularly useful for buyers in the early stages.

That way, you will understand likely value changes right through the construction period up to completion and sale. Your property surveyor needs to be trustworthy, ethical, reliable and, above all, experienced.

Survey Spain has helped many of our readers over the years and, in addition to the excellent feedback we receive, we have always been happy to recommend them precisely because of the high quality of their surveyors. We are continually updating and enhancing our knowledge and skills through formal Continuous Professional Development courses and by understanding the changing conventions in the local market.

All our clients are protected by a formal complaints-handling procedure and we have a strict code of conduct. Many of us have experience in both the UK and Spain, and have been new buyers ourselves, so we understand the special nature of dealing with overseas property. Again, depending on the terms, the deposit could be refundable or it might not be. Your lawyer will then check all of the legalities for the properties, including the building licence and bank guarantees.

Before the 15—30 days set out on the reservation agreement have run out, you will be asked to sign the deposit contract. This commits you to buying the property and the seller to sell it to you. This is a key part of the legal process of buying a home in Spain: there is no chance of gazumping like in the UK. The contrato de arras sets out the exact details of the property: what it is and what the sale includes, where it is and who owns it.

It sets out the price, payment method and when the purchase will be completed. Although the parties can agree not to include these conditions, the law says that if the buyer now pulls out breaches the agreement , they lose the deposit. Plus, if the seller is in breach, they must return the deposit doubled. The deposit should be kept in a separate account controlled by the lawyers and not passed to the seller until the final agreement.

The buyer pays the balance and gets the keys in return. As well as this expert guide to buying property in Spain, you can find lots of other helpful resources here at Spain Property Guides :. We also offer lots of free downloadable guides, including our Spain Buying Guide :. Get this one stop shop for expatriate healthcare. After Brexit Guide. To help you plot your way through a possible post-Brexit scenario, to ensure you can fulfil that dream of a Spanish lifestyle.

Your Negotiation Guide. Buying in Spain from the UK means you agree to a fixed price in euros but that is constantly moving in pounds. How can you budget when it is constantly changing? We have Spanish property experts at offices in the UK and Spain who are waiting to answer any questions you have about buying property in Spain.

Our friendly team can also put you in touch with all the professionals you will need by your side when buying property in Spain, to give you all the guidance you need and steer you around common pitfalls — particularly during those all-important viewing trips :. To speak to the right professional service providers for you, contact the Spain Property Guides Resource Centre today or fill in the enquiry form below.

As well as a free online guide to buying property in Spain , we offer a downloadable booklet that will take you through the entire process. This PDF can be saved to your device or printed for future reference. Buying Property Abroad. Buying property in Spain. How to buy: the buying process in Spain The buying process in Spain is likely to take around six months.

Six months to go Define your search by thinking about why you want to move , looking at the best places to buy , and thinking about what type of property you want. Build your professional team by choosing an estate agent , lawyer and currency specialist. You might also want to hire a mortgage adviser and independent financial adviser. Finalise your budget. Five months to go Start your detailed search of property for sale in Spain. Four months to go Shortlist the areas or properties you would like to see and go on a viewing trip.

Reconnect with your professional team to finalise all arrangements. Make any additional viewing trips , if required. Three months to go Get your NIE number. Make an offer on your dream property, making sure to consult with your professional team. Book a survey for the property. Two months to go If required, sign a reservation contract. When the lawyer is ready, sign your deposit contract and pay your deposit. While your lawyer is contracting the notary and conducting searches, plan removals and decoration.

Ensure all your utilities are going to be connected on time. Sign the sale contract and make your final payment. Receive your keys and your new life in Spain is ready to begin! The best way to that is through these key five questions: What are your reasons for buying? These could be: My pension will give me a better life in Spain than the UK I want to enjoy sunnier, warmer weather more often!

How much can you afford? The best places to buy in Spain Spain is a varied country geographically, with wonderful beaches, mountains, cities, inland villages and countryside offering various types of property. South Spain The southern coast of Spain is entirely within the region of Andalusia.

Stone houses and fishing boats, Tossa de Mar, Costa Brava. North-east Spain The closest region to the UK and other colder parts of Europe was one of the first places to attract tourists — the Costa Brava.

San Vicente de la Barquera, Cantabria. Central Spain. Cibeles Fountain in Madrid. The Spanish costas Along the coast costas of Spain, you will find numerous villas of different styles and sizes, with beautiful views of the sea — that comes at a high price.

There will be the occasional shop and also — crucially — late-night bars. Often this will be on or near the beachfront, perhaps overlooking a seafront promenade. Aside from the beach, the strip is where holidaymakers, especially younger ones, spend much of their time.

For obvious reasons, most people buying a home to live in choose to be out of earshot of the strip. A minute or more walk away, perhaps a 5 to minute drive, should be enough.

Beach : As a rule, the further inland you live, the quieter your surroundings and usually the cheaper the property. Part of picking your ideal location is knowing how close you want to be to the beach and centre of your resort. Many long-term residents realise that being able to walk to their nearest beach is less important and leave those properties to the tourists. Especially when laden with beach gear!

Note how hilly an area is too. Public transport : Most large Spanish resorts operate reliable and cheap bus services. So residents can often avoid needing a car for day-to-day living. Consider your nearest bus routes when looking at a property. Another option is to get yourself a bicycle! Shopping and amenities : Chances are, wherever you live in a town or resort, your neighbourhood will have a small commercial area.

Think about walking time to your local amenities and check out bus routes. Another key consideration should be proximity to healthcare , so check where your nearest doctor and hospital are. Seasonality : All tourist resorts are quieter outside of high season compared with the busy summer months, when they overflow with holidaymakers.

The question you need to ask, is just how quiet? The trick is finding a resort with a large enough resident population, ideally a mix of expats and Spaniards, to ensure there is enough going on there whatever the month.

Your resort needs to be an enjoyable place to live year-round. As a rule, the older part of towns or resorts, where Spaniards tend to live, remain lively throughout the year. Things that indicate year-round activity include a busy fishing harbour, a major shopping centre, large outdoor markets and even golf courses.

Communities with a high proportion of resident expats will have clubs and social events happening throughout the year.

Read on to learn more about the eight Spanish costas:. Costa Brava Wooded cliffs lead down to pretty bays. Why not pool your resources and buy with family? Caella de Palafrugell on the Costa Brava. Costa del Azahar Playa del Moro in Alcossebre. Enjoying the calm waters of the Mar Menor at sunset. When you do decide to buy in Spain, Smart Currency Exchange is the specialist in exchanging your pounds into euros.

The unspoilt beach of Bolonia in Tarifa. Costa de la Luz Zahara de los Atunes. Madrid is an elegant city with plenty of green spaces. Barcelona Barcelona, the capital city of Catalonia, saw a regeneration in when it hosted the Olympics. Valencia The third city of Spain, Valencia, lies a few kilometres from the sea and also has a large port area as well as a lovely promenade lined with bars and restaurants. Inland and mountainous regions Many would-be expats are attracted to the pretty inland towns and villages that are surrounded by vineyards and steeped in history.

The verdant region of La Rioja. The best places to buy a Spanish holiday home There are lots of reasons why people want a second home in Spain.

Find out more about how to buy and manage your perfect second home in Spain with our fre guide, How to Buy a Holiday Home in Spain. Benalmadena on the Costa del Sol. Ciutadella marina and cathedral, Menorca. Where to invest in Spain While the British property market struggles, prices in Spain continue to rise.

Catalonia Property prices in Catalonia have fallen recently, perhaps due to the push for independence. Andalusia Gleaming in the sunshine, houses in Frigiliana. What type of property to buy Spain really does offer something for everyone. Here are some things to consider when deciding what type of property to buy: What type of property would you prefer — a modern apartment, villa, townhouse or character home?

How big does your property need to be? How many bedrooms and bathrooms? Do you want to be able to redecorate or even take on a renovation project? Or are you looking for something new? Do you need parking? What type of view would you like? What else do you need from your property? Townhouses A townhouse will tend to be a terraced property in a town or on an urbanisation. Have a browse of the houses and villas for sale in Spain on our property portal — might you find your dream home?

Masias, fincas and cortijos The Spanish seem to have lots of words for farmhouse! White villages Gleaming on many an Andalusian hillside, these picture-perfect villages have stone houses painted bright white, often brightly coloured doors and window shutters and with bougainvillea pouring from balconies. Should you buy new, or older property? Greater choice : There are plenty of sites under development in Spain, hundreds in the Costa Blanca alone, so you can really find the area that ticks all your boxes.

Buyers normally choose kitchen finishes, white goods, colour schemes and so on. It all helps to create the property of your dreams. Rising prices : For the pain of waiting a year or more for your property to be completed, the gain getting much more for your money is the big advantage for many buyers. Generally, off-plan properties are cheaper than completed ones. The earlier you buy, the cheaper it is.

For investors, the rapid value increase as the property goes up means that a healthy return within a couple of years is possible. There are a number of crucial areas to consider. You will need a bank guarantee aval bancario every time you make a payment. This secures any payment you make when buying off-plan in Spain. It covers the reservation or purchase deposit or any stage payments. Any costs of setting this up should be borne by the developer. You can also get a bank guarantee on any off-plan investment.

This is an independent guarantee on money paid, which ensures two things. Firstly, that your money is safe if anything happens to the developer, and secondly that the developer has to deliver the property on the date in the contract. The purchase process when buying off-plan Buying off-plan in Spain is a relatively smooth process, but there are a few differences to the standard buying process. Private purchase contract : Rather than signing a deposit contract contrato de arras , you will sign a private purchase contract contrato privado de reserva.

Your lawyer will have received the contract and reviewed it before you sign and pay any further money. Make sure to consult a currency specialist about these transactions. For those still undecided between a resale and a new-build property in Spain, there are plenty of advantages over resale properties: Fantastic communal facilities : The communal facilities in new-build developments will often be of a much higher quality than in older developments.

This is particularly appealing if you want a second home where you can come and go and have all the facilities you need to hand. This is the energy performance certificate, and means the building will be more energy-efficient than normal.

A is the most efficient, D the average and G the least. Also, of course, you will be helping to combat climate change. Excellent soundproofing : Apartment living is extremely popular in Spain, and many buyers appreciate the convenience of a properly maintained building.

The flipside, however, is that you are in close proximity to your neighbours. The newest properties in Spain have much higher-quality sound insulation than in some older properties. Since only the best builders and developers survived the financial crisis, you can rest assured that lessons were learnt and your money is much safer than 10 years ago.

Better rental returns : In a competitive market for property rentals, new builds generally earn much higher rental returns. This is not just due to the high-quality nature of the properties — and larger market opportunities — but also because maintenance and cleaning costs should be lower.

Take a look at our guide to letting Spanish property. Getting professional guidance Purchasing a property in Spain is no simple process.

After-sales services Once the sale has gone through, you can retain the services of your independent solicitor for any further advice. The role of the notary Your lawyer will engage the services of a notary Notario. Choosing an estate agent The right estate agent will ensure the success of your property purchase in Spain.

Your estate agent needs to be: Professional : Spain does not require agents to be qualified or regulated, but there are professional organisations for estate agents that require some training and a degree of protection.

Empathetic : Your agent should listen to your plans carefully and sympathetically. They should suggest property based on your criteria, without wasting your time looking at properties that are unsuitable or out of your budget. Spain Property Guides can put you in touch with the very best lawyers, estate agents and international payments specialists in Spain, for total peace of mind.

Get in touch with your Golden Three here. If the property will be left vacant for long periods — as many second homes are — or let to holidaymakers, owners must ensure they have adequate cover. Good estate agents will assist with insuring properties through an English-speaking, UK-based insurer or a local Spanish insurer.

Many will also be happy to deal with insurance claims on behalf of absent clients — for example, if a property is flooded by a broken boiler — as well as help clients set up insurance for a car, scooter or boat.

Changing locks : It is not uncommon for security-conscious foreign owners to change the locks of their Spanish property. Efficient estate agents will assist with arranging a locksmith to visit a property or purchasing replacement locks. They will also help with having an alarm fitted or key-holding, both of which non-residents typically choose to do. TV, phone and internet connections : Buyers should not take it for granted that all properties are sold with telephone, broadband or satellite TV connections.

As a new owner, your estate agent should help you get connected or put up a satellite dish, as well as suggest suitable service providers. Air conditioning : The hot Spanish summers mean air conditioning is a common requirement for many foreign buyers. If a property is without it or the existing units need replacing or repairing, a good estate agent should be able to suggest a reliable local firm.

584,000
* €/m2
130 m2 | 2 bedrooms | 6 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Are you thinking of buying a brand new property in Spain? Is there any particular new development in Spain you'd like to have us review? 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. 6 Reasons You Should Reconsider Buying Property In Spain. In June , I bought a home in Valencia, Spain. You are probably asking.

Major cities such as Barcelona, Palma and Madrid are reaching record-high average rental prices, as more and more homes go up for sale. British buyers usually find the purchasing process to be relatively uncomplicated, as there is no requirement to be a Spanish resident to buy property. The country actively encourages investment from outside the country in the property market, with a Spanish NIE tax identification number being the main legal requirement.

However, uncertainty about the final Brexit agreement is causing some Brits to delay their property purchase until it becomes clear exactly what deal will be made. Choosing a reputable property agency can help buyers reduce the risks they face during the house-buying process. Be aware of agencies that ask for payment upfront, as these may be unregulated and not follow best practices.

You can also visit property websites such as idealista. British-based financial institutions are usually a good starting place, with high street lenders such as Santander having a major presence in Spain.

There are no legal restrictions on getting a mortgage from a Spanish bank as a British citizen but it could be more difficult as credit checks are performed locally and Brits will not be aware of the intricacies of this process. But whatever choice property buyers decide to make, they will undoubtedly have to transfer money from a UK bank account to Spain in order to place a deposit and pay legal or valuation fees. Reducing unnecessary fees and charges when buying property in Spain is an important consideration for most house-hunters.

Using companies that specialise in international money transfers such as TransferWise can help you save significant amounts. However, you may only get given a rate of 1. 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. 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. This website has a new design and we are still sorting out some bugs.

Please bear with us. Login or register to read articles without any adverts in the text. Skip to content. 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. Relevant Businesses. More info. The information above constitutes an advertisement of a company or professional and the services they provide.

The information is published and managed by the advertiser alone. Spanish Property Insight SPI and the owners of this website make no warranty as to the accuracy or completeness of the advertisement and its content, or any linked or associated information. SPI does not own, manage, or control any of the advertisers, and adverts should not be interpreted as endorsements.

Please contact advertisers directly to obtain further information about their services. Your legal position during the Covid crisis. Foreign Currency Exchange. Financial Distress Solutions. Spanish Property Insight Everything you need to know about property in Spain.

858,000
* €/m2
148 m2 | 5 bedrooms | 9 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. 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. Read our FREE expert guide to buying property in Spain. Smart's service is ranked 5 out of 5 by the thousands of reviews on Trustpilot.

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. You may be able to claim a reduction on the capital gains tax to account for inflation; or if you are purchasing another property in Spain; or if you are over 65 and have lived in the property as your main residence for more than three years.

Your residential status does not affect the application of capital gains tax either, as capital gains tax should be paid in Spain for property owned in Spain even if you are no longer a resident.

Any lawyer practising in Spain should be registered with the local bar association Colegio de Abogados. They will have a registration number that you can ask for and then verify with the bar association. Naturally, registration does not guarantee honesty or competence, but it is a good minimum standard to insist on. Many governments provide lists of lawyers and translators who speak both Spanish and another language.

The Spanish government also provides a list of accredited translators page in Spanish, follow first link in article text for up-to-date PDF. You may change your settings at any time.

Your choices will not impact your visit. NOTE: These settings will only apply to the browser and device you are currently using. Search for:. Buying property in Spain.

Last update on May 21, The Spanish property market Spain suffered during the global financial crisis and ensuing property market crash. Should you rent or buy in Spain? Can foreigners buy property in Spain? Buy a property, get a visa Spain currently offers a golden visa program for property owners. Buying a home in Spain: where to find real estate As it is easy for foreigners to buy property in Spain, there are websites and estate agents catering to almost every language and nationality.

Illegal properties For a long time, Spain has been popular with overseas buyers looking for holiday homes. They recommend, at minimum checking: The credentials of any lawyers or estate agents used; the land registry Registro de la Propriedad ; that appropriate planning permission has been obtained; that there are no outstanding debts attached to the property, such as a mortgage; that the property is as described and structurally sound either a surveyor or an architect can do this. Buying off plan or a new-build home The worst property scams in Spain, as elsewhere, involve unfinished or unbuilt properties.

At minimum you should: Check the company exists; check online at www. Ensure that the project is registered with the land registry. Check that planning permission has been granted by enquiring at the local city hall. 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. This website has a new design and we are still sorting out some bugs. Please bear with us. Login or register to read articles without any adverts in the text.

Skip to content. 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. Relevant Businesses. More info. The information above constitutes an advertisement of a company or professional and the services they provide. The information is published and managed by the advertiser alone. Spanish Property Insight SPI and the owners of this website make no warranty as to the accuracy or completeness of the advertisement and its content, or any linked or associated information.

SPI does not own, manage, or control any of the advertisers, and adverts should not be interpreted as endorsements. Please contact advertisers directly to obtain further information about their services.

Your legal position during the Covid crisis. Foreign Currency Exchange. Financial Distress Solutions. Spanish Property Insight Everything you need to know about property in Spain.

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594,000
* €/m2
295 m2 | 7 bedrooms | 5 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
For many aspiring expats and emigrees, buying a property in Spain represents a dream that will provide them with either the perfect holiday. 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. Buying property in Spain as an expat can be a confusing endeavor. Before you jump into the Spanish property market, read our guide to buying.

Laws may be similar, but not the same. So be far more cautious than you would be in your own country: triple check everything, and be sceptical and disbelieving until every aspect of your intended property such as its legality and potential liabilities is categorically proven to your satisfaction in writing! You must understand the distinction between Urbanizado , fully Urbanizado and Rural before you think of buying in Spain.

These designations define to a large extent the nature of the property you intend to buy, and whether the property is likely to be legal and free of potential state-imposed liabilities. Urbanizado crudely means building land — somewhere that can be built upon, subject to compliance with planning regulations.

Fully Urbanizado is when all infrastructure works have been completed which you may otherwise have to pay for! Rural means agricultural land, and if land falls in this category there are very significant constraints that restrict what can and cannot be built, and the size of what can be constructed.

It is astonishing how many people do not use a lawyer for their purchase of Spanish property, and instead use an estate agent or other unqualified person. 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. 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. 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? 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?

757,000
* €/m2
146 m2 | 6 bedrooms | 9 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Buying property in Spain as an expat can be a confusing endeavor. Before you jump into the Spanish property market, read our guide to buying. 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. 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.

Has the system worked? Assuming you are in the early stages of Spanish property purchase. What particular community in Spain are you thinking of buying in?

Did you know we are opening a new office in Pilar De La Horadada? Property owners: Would you like to leave a review, Tripadvisor style, on our website about a particular community, urbanisation etc? Have you something to get off your chest either good or bad about the process of buying a new build property in Spain?

We are delighted to share your experience with our clients and everyone benefits. Really, we just want to know what your feel our clients should know.

Your email address will not be published. Feel free to get in touch with any enquiries and one of our friendly members of staff will get back to you as soon as possible. Buying a brand new property in Spain anytime soon? 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. You may be able to claim a reduction on the capital gains tax to account for inflation; or if you are purchasing another property in Spain; or if you are over 65 and have lived in the property as your main residence for more than three years.

Your residential status does not affect the application of capital gains tax either, as capital gains tax should be paid in Spain for property owned in Spain even if you are no longer a resident. Any lawyer practising in Spain should be registered with the local bar association Colegio de Abogados. They will have a registration number that you can ask for and then verify with the bar association.

Naturally, registration does not guarantee honesty or competence, but it is a good minimum standard to insist on. Many governments provide lists of lawyers and translators who speak both Spanish and another language. The Spanish government also provides a list of accredited translators page in Spanish, follow first link in article text for up-to-date PDF.

You may change your settings at any time. Your choices will not impact your visit. NOTE: These settings will only apply to the browser and device you are currently using. Search for:. Buying property in Spain. Last update on May 21, The Spanish property market Spain suffered during the global financial crisis and ensuing property market crash. Should you rent or buy in Spain?

Can foreigners buy property in Spain? Buy a property, get a visa Spain currently offers a golden visa program for property owners.

Buying a home in Spain: where to find real estate As it is easy for foreigners to buy property in Spain, there are websites and estate agents catering to almost every language and nationality. Illegal properties For a long time, Spain has been popular with overseas buyers looking for holiday homes. They recommend, at minimum checking: The credentials of any lawyers or estate agents used; the land registry Registro de la Propriedad ; that appropriate planning permission has been obtained; that there are no outstanding debts attached to the property, such as a mortgage; that the property is as described and structurally sound either a surveyor or an architect can do this.

Buying off plan or a new-build home The worst property scams in Spain, as elsewhere, involve unfinished or unbuilt properties. At minimum you should: Check the company exists; check online at www.

Ensure that the project is registered with the land registry. Check that planning permission has been granted by enquiring at the local city hall. Enlist an independent party for any translations. Demand proof that any sums paid e. Debts transfer with property In Spain, any mortgage or debt tied to a property is transferred to the new owner when the property is sold.

Buying a Spanish property The process of buying a property in Spain usually runs as follows. Legal requirements The services of a notary are not legally necessary to complete the sale. Funding purchase: deposits and mortgages Following the crash, Spanish banks were reformed with significant IMF involvement. Fees and charges The buyer usually pays the fees. Flat lay of business concept Capital gains tax Capital gains tax is paid on the profit of selling your home, i.

Choosing a reliable lawyer Any lawyer practising in Spain should be registered with the local bar association Colegio de Abogados. Finding a translator Many governments provide lists of lawyers and translators who speak both Spanish and another language. Related articles. July 1, A guide to Spanish mortgages.

Housing Listings. May 28, 2 bedroom Apartment for sale in Pedreguer. May 28, 2 bedroom Apartment for sale in El Mojon. May 28, 3 bedroom Townhouse for sale in Facheca. More houses. Latest articles. April 30, Planning your wills and estates in Spain. January 27, Car insurance in Spain.

215,000
* €/m2
223 m2 | 5 bedrooms | 8 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Are you thinking of buying a brand new property in Spain? Is there any particular new development in Spain you'd like to have us review? For many aspiring expats and emigrees, buying a property in Spain represents a dream that will provide them with either the perfect holiday. 6 Reasons You Should Reconsider Buying Property In Spain. In June , I bought a home in Valencia, Spain. You are probably asking.

Other destinations popular with British buyers include Alicante and La Manga, the narrow promontory separating the Mediterranean from the Mar Menor. These all have large expat communities, and English is widely spoken.

Teulada-Moraira are two towns in one and would be a good choice for people seeking a traditional setting.

As would Altea, despite its close proximity to Benidorm. The Balearic Islands each have their own beauty and identity. The best known and largest island is Mallorca or Majorca where many celebrities have their holiday homes. The sheer beauty of this island with its mountains, coves, stunning coastline and marinas is what lures them and countless others.

It is an expensive island though, so if you are thinking of buying your holiday home here you will probably need a bigger budget than on the mainland costas. The north of the island is the most exclusive. The winters are not as mild as in the south and so many restaurants and businesses close, but you will always find some places open. The port offers sandy beaches and golf courses and is a busy place with plenty going on. Most of the property is new and modern.

In the south-west is Andratx, which has a small but pretty port and a yacht club. This as a typically Mallorcan town, so not as busy as others on the island. The people of Mallorca speak Mallorquin, similar to Catalan, though on the coast most people speak Spanish and English too.

Take a look at our advice on language in Spain. A much smaller and quieter island, Menorca is the ideal place for peaceful holidays. It has encouraged sustainable tourism for years and the gentle terrain makes it perfect for hiking and cycling.

There are some wonderful unspoilt beaches, such as Marcarella Cove, which has very fine sand and an aquamarine sea. It is also home to a quaint old town.

The British and Spanish are the main buyers but recently the French have discovered its charms. Flights to the island are plentiful from Easter to October, but are reduced to one a week during the winter months. Head into the hills and there are pretty villages and upmarket homes.

The southern part is home to Tossa de Mar and Lloret de Mar, both popular holiday spots. Of the two, Tossa is undoubtedly the more attractive. The further north you head, the coastline changes to rocky inlets and small coves.

Almost halfway up is the town of Sant Feliu de Guixols, a very Catalan seaside spot popular with families. It has two pretty beaches, a small rambla, plenty of bars, all types of restaurants, a pretty pedestrian-free centre and a permanent British community.

These, together with the hilltop town of Begur, are the jewels of this coastline — small seaside fishing villages with an authentic feel. This part of the Costa Brava is quite pricey for obvious reasons but the views from the rocky cliffs are stunning. While the British property market struggles, prices in Spain continue to rise. If you are looking to invest in Spain in the near future, come to the next Your Overseas Home event.

There will be legal and currency specialists, plus gorgeous Spanish homes for sale. You might also be interested in our guide to renting out property in Spain. Property prices in Catalonia have fallen recently, perhaps due to the push for independence. Barcelona still commands high prices, but even here there are bargains to be found and, if you are considering buying to invest, Barcelona is still amongst the top cities in Spain. The Catalan coast is always popular with Spanish people and overseas buyers.

Until now, these cities have not seen the increase in prices experienced in Madrid and Barcelona but are seen, nonetheless, as having great potential. Seville was named the best European city to visit in by Lonely Planet, which can only boost property sales. It continues to appeal to a large variety of purchasers and renters. San Sebastian is another city worth considering. It is one of the most expensive cities in Spain as far as the cost of living goes, but has a flourishing restaurant and tourist sector and people are always seeking affordable accommodation.

A small apartment here could be an excellent investment. Tenerife saw price increases in and this trend should continue.

Tourism on the island has been growing for many years and returns on rental property here are high. Beware though, if you intend to rent out your property to tourists you must ensure that it lies within a community which permits you to do so. It is a traditional Spanish city with a long and interesting history, a very pretty old town, a port and lots of culture on offer. Spain really does offer something for everyone. Whatever style appeals to you, you will find it here. You can find apartments , townhouses , villas , masias, fincas, cortijos , white villages , cave homes , park homes ….

Those looking for a project could even buy land in Spain. Most Spanish people live in apartments too, gardens being less important in this frequently parched country. The positives of apartments include affordability, ease of use and amazing views. They are a lock-up-and-leave option, with no gardens to water or pools to clean.

Communal areas will be looked after — although do check the management fees — and that can even include swimming pools, gyms, club houses or even a golf course. New property developments are now required to have energy-efficient heating and insulation, especially with regards to soundproofing a real problem in the past. You may have to pay extra for parking, and apartments with a sea view command higher prices, of course.

However, you may find one overlooking a park or other green space at a more competitive price. Some apartment blocks have shared swimming pools and gardens. Some cities will have elegant apartments from around the turn of the 20th century too: light and airy, with high ceilings, double doors and attractive plasterwork. On the other hand, they may not have a lift or parking.

A townhouse will tend to be a terraced property in a town or on an urbanisation. Some are very spacious while others may feel cramped. The gardens are usually quite small but there are often communal gardens to be enjoyed and a swimming pool or two, depending on the size of the development. Different nationalities tend to buy in the same area, so you could find a townhouse near to other British people. For developments that are occupied all year, there is often a good sense of community and the properties are easy to maintain.

Perfect for people who buy holiday homes and who are only in Spain part of the year. There will be service charges to pay which go toward the upkeep of the pool, gardens and communal areas. Most villas have a minimum of three bedrooms and two bathrooms shower room , and for this reason are the most expensive property option.

Villas built on hillsides with sea views will cost more than those with mountain or town views — the same goes for townhouses and apartments. You will find that property plots have been getting smaller in general, so an older villa could offer you much more land. If you feel the cold, make sure your villa or townhouse or apartment has central heating. The Spanish seem to have lots of words for farmhouse! These imposing country properties can command high prices.

Masias are large stone properties which belonged originally to a local dignitary. They are spacious and usually have a substantial amount of land around them. If you are thinking of running your own business, a masia could provide all that you need.

Fincas and cortijos are farmhouses, some dating back centuries. These used to be small estates and today are sought after by people looking for a tranquil rural existence. Despite being in the countryside, some are not all that far from the sea and these command higher prices than truly rural properties. Usually there are several outbuildings, which many international buyers have found a use for.

Gleaming on many an Andalusian hillside, these picture-perfect villages have stone houses painted bright white, often brightly coloured doors and window shutters and with bougainvillea pouring from balconies. They do have excellent rental appeal though. They also offer a community, and a warm welcome to international buyers.

Indeed, in many parts of rural and north-west Spain , they still are. The influx of overseas buyers has led to revived village traditions, reopened schools and new wealth. They may not look like a cave from the outside. Most look like normal villas but extend into the hillside.

These areas are easy to reach all year and with easy access to both mountains in ski season and beach in the summer season. The British journalist Mathew Parris owns cave house in Andalusia. Here there are whole suburbs of cave houses.

Few are natural: most are chiselled into soft conglomerate rock or hard clay, and whitewashed within. You will usually be warmed by the welcome from your fellow park residents too. Many park estates offer vibrant and friendly communities, with facilities such as clubhouses, swimming pools and even golf courses.

Do beware the yearly service charges and ground rent however, as these can be higher than in a bricks and mortar home. The great disadvantage is that, unlike bricks and mortar, your park home will fall in value over time. Property in Spain is often referred to as resale or new build. So, what are the advantages of buying off-plan in Spain? Buying off-plan in Spain is a relatively smooth process, but there are a few differences to the standard buying process.

For those still undecided between a resale and a new-build property in Spain, there are plenty of advantages over resale properties:. Purchasing a property in Spain is no simple process. There is much to be considered, and many areas such as legal and financial regulations where it is important to consult the services of trusted professional experts.

The right information at the beginning of your process will set you on the right path to successfully and safely purchasing property in Spain, and will ensure you have the right expertise by your side on every step on the journey.

So, we recommend getting in touch with an estate agent, lawyer, currency specialist and independent financial adviser at an early stage.

Our team can help you find the right experts for you. Engage the services of an independent, English-speaking solicitor who is a specialist in property law as soon as you decide to buy, and make sure to include their fees when budgeting for your purchase.

We can introduce you to a trusted lawyer who have successfully and efficiently dealt with hundreds of our readers in the past. Get introduced to a laywer today. Some estate agents may suggest that you can save the money on a lawyer, as the notary will check that everything is above board. However, the notary is simply checking that the legal processes are followed; they will not be protecting your interests.

In the long run, it is certainly worth spending the money for a lawyer. Among their checks will be that the seller is the legal owner, that there are no outstanding debts or mortgage on the property, that the property complies with planning and building regulations, and if any major construction is due in the area. Your lawyer will also help you to make a Spanish will.

They will help you assess the implications and differences between inheritance laws in your region of Spain, compared to your home country. It is important that whoever you work with is independent of the developer and agent and working for you alone.

Once the sale has gone through, you can retain the services of your independent solicitor for any further advice. For example, your lawyer can help will any plans you have to open a business or become self-employed in Spain, if you want to change your will, or if you need advice on residency or permits. Learn more about legal matters when living in Spain. Your lawyer will engage the services of a notary Notario. The solicitor will be employed by you alone to protect your interests, while a notary, also legally trained, is employed by the government and therefore does not officially act for either side of the transaction.

The role of a notary is to oversee and rubber-stamp the paperwork in a property transaction, check all necessary taxes are paid and register the property with the Spanish Land Registry.

Your independent solicitor will ensure your contract and property are exactly how you — their client — want them, and that you are protected from any charges left over from the previous owner s , such as mortgage costs, estate or municipal taxes, and any other claims. That person was the gestor. They should not replace your lawyer, however. The right estate agent will ensure the success of your property purchase in Spain.

A bad one can cost you time, money, hassle and heartbreak. Contact them with a brief early on and see how long it takes them to reply and whether the information they send is relevant to your requirements. However, a good estate agent will have helped hundreds of clients and might just have a wildcard property that surprises you.

So it is important to build a rapport and to be honest. Additionally, they should be able to advise you on the wider location and flag up any particular highlights that you may appreciate. Over the years of helping people buy homes in Spain, we have partnered with a number of reliable estate agents.

Get in touch with our team for a recommendation. Not only do they offer guidance through the purchase process, which usually is a bit of an unknown to foreigners, they are also geared up to assist new owners with anything they need once they have the keys to their property. During the purchase process, first-rate agents will be transparent about pricing and help clients to agree a fair purchase price with the vendor. Usually, this can all be done during a viewing trip before a client returns to the UK, safe in the knowledge that everything is in place for their sale to proceed towards completion in their absence.

The exchange rate is constantly changing, not just day to day but by the minute. Every single transfer you make to pay for your property — whether a deposit, estate agent fees, or lump sum for the final purchase — has the potential to cost you more than it should, driving up the cost of your property.

In the time between putting in an offer and actually paying, the price will be fixed in euros but constantly changing in pounds. A currency company that specialises in high-value transactions such as properties can solve these kinds of problems. We encourage you to use our partner, Smart Currency Exchange. With a forward contract, you can fix the same exchange rate for a year without any further fees. An independent financial adviser IFA can help you set a budget , organise your finances and reduce your costs when buying property in Spain.

Our partner can help with all financial issues, from pensions including QROPS and taxation to wills — simply contact our team to find out more. If you are not paying in cash, you might also need to contact a mortgage adviser. They can also help with life insurance.

For more information, read our guide on financing a property purchase in Spain. We have lots of Spanish property finance guides to help you put together a budget and get to grips with all the costs. These include legal fees, taxes, the cost of the notary , disbursements and the cost of transferring your money over to Spain.

When relocating permanently to Spain, you will need to be aware of any tax implications based on residential status. There are also HMRC regulations that may be affected by your emigration. As well as taxes on selling your UK home or purchasing your Spanish homes, and inheritance tax. Speak to an independent financial adviser , who can help you navigate through the jargon and ensure all your taxes are considered.

Learn more about tax planning when buying property in Spain. If you have the ready cash to buy in Spain, maybe in savings, from selling a property or an inheritance, buying will be straightforward. Firstly, go through your assets. Savings, investments you can cash in, pension drawdown, maybe there are items cluttering up the house you could happily swap for a home in Spain!

Putting these together, work out the total amount of money you have available to hand. Speak to an estate agent , independent financial advisor , bank or other lender to go through your options. Booking a viewing trip to Spain will allow you to explore your chosen corner of the country and get a true feeling about the area — and indeed the properties available.

Ideally, you want to spend about 4—7 days on a viewing trip to Spain. Take some time to explore the area, speak to the locals, visit the shops and check out attractions.

This will also be a slower time for estate agents and vendors as well, meaning you should get more attention and may be able to negotiate a lower price.

Rather than booking into a hotel on your trip, why not rent a property in the area and get an idea of what the prospective town is actually like? Having to go out and get groceries will allow you to navigate the area, and give you an idea of the accessibility of shops and amenities as well as the cost of every item.

You can also get an idea of the noise levels — if there is a nightclub next door that opens at 11pm, or if there is a flight path overhead. They should take you around the properties, and use this time to answer any queries and concerns and any other areas you are not quite sure about. If you are seeing several properties a day for a few days, it can be really difficult to remember all the details about each one, so we have put together a downloadable property analysis worksheet for you to use.

This allows you to rate every aspect of the property, from its general appearance to its location and access to local amenities, for easy comparison. Call a member of the resource team on to receive your copy. Sometimes it can be a good idea to take multiple viewing trips to Spain — with the first one being merely a leisure trip to explore the area without actually contacting any agents and arranging viewings.

You could then take a second trip once you have decided on areas, and spend this one viewing properties with your selected agent. In effect, it is your financial identity in Spain. There are three different tax numbers in Spain, with NIE being one of them.

You will need this to perform any legal or commercial business, including buying a property. A NIE number is made up of nine digits, the first and last are letters. It is used by the Spanish tax authorities to calculate tax owed. As already mentioned you must have one to buy property, but there are many other situations which require an NIE number: buying a mobile phone contract, ordering online, paying a deposit on goods, installing a fixed phone, electricity and gas contracts, water contract, national health cover , mortgage application, vehicle purchase, the list goes on.

Without it, you cannot function properly in Spain even when you use cash. If you come from the European Union EU , you should apply when you have been resident in Spain for three months. People buying property will need to apply well before finalising the purchase. It is usually necessary to speak and understand Spanish, so go with someone who can translate for you. This varies from region to region, but as a rule of thumb you can expect to receive your NIE number between two days and two weeks from applying.

In some districts you might receive your card immediately. This is a stage where you need to move fast, but you also need to make sure you keep the upper hand. These are our top seven tips to make sure everything goes smoothly when making an offer on a Spanish property. Instead, make sure you also do market research and keep up to date with Spanish property news.

That way, you can make an informed judgement yourself. Always negotiate through the agent, but you can still add a personal touch, such as by writing a letter to the vendor, explaining why you want to purchase the property.

You could walk away at any minute and buy something else; the vendor needs to make the money. Any delay in responding means you risk the deal falling through as the seller can take other offers into consideration. That way, you can respond quickly and confidently. Some people will make an offer on a house in Spain and see it fall through.

It can be difficult, but the best thing to do here is to try not to worry. Many people later end up relieved, rather than regretful — and have found an even better property down the line.

Make sure to speak to your currency specialist before you make an offer on a house in Spain. As such, our partner, Smart Currency Exchange, recommends to our readers that they use a forward contract, fixing the exchange rate for twelve months for no extra money. For anyone buying a home in Spain, a property survey is a must. But what can you expect from a survey, and how do you choose a surveyor? Buying your dream home is a big step and you want your move to go as smoothly as possible.

In other words, it stops you from going in blind — and gives you peace of mind that everything is as it should be, or gives you the knowledge of how to make it that way. This is finding the Evidence of defects, determining the Causes and suggesting the Cures.

Our advice helps our clients make informed decisions and, as an investment, often saves them many more times than the cost of our services! A big advantage of using a specialist here is the sheer breadth and depth of their expertise and experiences. We perform extra due diligence checks, as we often find big discrepancies in the paperwork between tax or title descriptions and the physical property. These can only be found by detailed inspection and measurement of the building and comparing that with the legal, tax and other paperwork.

It should also be reviewed by a second valuer. This includes making sure it complies with the current lease and we provide advice on actions to take to secure the income.

We can also give guidance on how the property and income can be improved. With 18 years in the market, we also give you an analysis of potential alternative use and tenant and market changes.

Recent changes in legal requirements have made compliance and knowledge of the consequences essential before signing a lease. The Spanish government also provides a list of accredited translators page in Spanish, follow first link in article text for up-to-date PDF. You may change your settings at any time. Your choices will not impact your visit. NOTE: These settings will only apply to the browser and device you are currently using.

Search for:. Buying property in Spain. Last update on May 21, The Spanish property market Spain suffered during the global financial crisis and ensuing property market crash. Should you rent or buy in Spain? Can foreigners buy property in Spain?

Buy a property, get a visa Spain currently offers a golden visa program for property owners. Buying a home in Spain: where to find real estate As it is easy for foreigners to buy property in Spain, there are websites and estate agents catering to almost every language and nationality.

Illegal properties For a long time, Spain has been popular with overseas buyers looking for holiday homes. They recommend, at minimum checking: The credentials of any lawyers or estate agents used; the land registry Registro de la Propriedad ; that appropriate planning permission has been obtained; that there are no outstanding debts attached to the property, such as a mortgage; that the property is as described and structurally sound either a surveyor or an architect can do this.

Buying off plan or a new-build home The worst property scams in Spain, as elsewhere, involve unfinished or unbuilt properties. At minimum you should: Check the company exists; check online at www. Ensure that the project is registered with the land registry. Check that planning permission has been granted by enquiring at the local city hall. Enlist an independent party for any translations. Demand proof that any sums paid e. Debts transfer with property In Spain, any mortgage or debt tied to a property is transferred to the new owner when the property is sold.

Buying a Spanish property The process of buying a property in Spain usually runs as follows. Legal requirements The services of a notary are not legally necessary to complete the sale. Funding purchase: deposits and mortgages Following the crash, Spanish banks were reformed with significant IMF involvement.

Fees and charges The buyer usually pays the fees. Flat lay of business concept Capital gains tax Capital gains tax is paid on the profit of selling your home, i. Choosing a reliable lawyer Any lawyer practising in Spain should be registered with the local bar association Colegio de Abogados. Finding a translator Many governments provide lists of lawyers and translators who speak both Spanish and another language. Related articles. July 1, A guide to Spanish mortgages. Housing Listings. May 28, 2 bedroom Apartment for sale in Pedreguer.

May 28, 2 bedroom Apartment for sale in El Mojon. We can help you with conveyancing, wills , purchase contracts , payments, translations, mortgages, property and rental income tax , tourism licences allowing you to rent your Spanish property legally , notary services etc etc.

Everything you would expect from a firm with such a solid reputation as Spanish Solutions is available here, much of it can be carried out online. We are not Spanish estate agents. We work with a number of top builders and estate agents however and we are very happy to provide you with introductions to people we trust, meaning you can trust them too.

Our reputation is too important to refer our clients to anyone we would not refer out grandmother to! The question is this? Chances are, we have a buyer or two there already who is willing to talk to us on camera for a minute or five!

709,000
* €/m2
227 m2 | 4 bedrooms | 2 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Read our FREE expert guide to buying property in Spain. Smart's service is ranked 5 out of 5 by the thousands of reviews on Trustpilot. For many aspiring expats and emigrees, buying a property in Spain represents a dream that will provide them with either the perfect holiday. There can be pitfalls of buying a property in Spain if you're not careful. Read this article and make sure you buy a house in Spain problem-free.

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.

You may be able to claim a reduction on the capital gains tax to account for inflation; or if you are purchasing another property in Spain; or if you are over 65 and have lived in the property as your main residence for more than three years.

Your residential status does not affect the application of capital gains tax either, as capital gains tax should be paid in Spain for property owned in Spain even if you are no longer a resident. Any lawyer practising in Spain should be registered with the local bar association Colegio de Abogados.

They will have a registration number that you can ask for and then verify with the bar association. Naturally, registration does not guarantee honesty or competence, but it is a good minimum standard to insist on. Many governments provide lists of lawyers and translators who speak both Spanish and another language.

The Spanish government also provides a list of accredited translators page in Spanish, follow first link in article text for up-to-date PDF. You may change your settings at any time. Your choices will not impact your visit. NOTE: These settings will only apply to the browser and device you are currently using. Search for:. Buying property in Spain. Major cities such as Barcelona, Palma and Madrid are reaching record-high average rental prices, as more and more homes go up for sale.

British buyers usually find the purchasing process to be relatively uncomplicated, as there is no requirement to be a Spanish resident to buy property. The country actively encourages investment from outside the country in the property market, with a Spanish NIE tax identification number being the main legal requirement.

However, uncertainty about the final Brexit agreement is causing some Brits to delay their property purchase until it becomes clear exactly what deal will be made. Choosing a reputable property agency can help buyers reduce the risks they face during the house-buying process. Be aware of agencies that ask for payment upfront, as these may be unregulated and not follow best practices.

You can also visit property websites such as idealista. British-based financial institutions are usually a good starting place, with high street lenders such as Santander having a major presence in Spain. There are no legal restrictions on getting a mortgage from a Spanish bank as a British citizen but it could be more difficult as credit checks are performed locally and Brits will not be aware of the intricacies of this process. But whatever choice property buyers decide to make, they will undoubtedly have to transfer money from a UK bank account to Spain in order to place a deposit and pay legal or valuation fees.

Reducing unnecessary fees and charges when buying property in Spain is an important consideration for most house-hunters. Using companies that specialise in international money transfers such as TransferWise can help you save significant amounts.

However, you may only get given a rate of 1.

206,000
* €/m2
134 m2 | 3 bedrooms | 6 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Can foreigners buy property in Spain? British buyers usually find the purchasing process to be relatively uncomplicated, as there is no. 6 Reasons You Should Reconsider Buying Property In Spain. In June , I bought a home in Valencia, Spain. You are probably asking. Are you thinking of buying a brand new property in Spain? Is there any particular new development in Spain you'd like to have us review?

We can help you with conveyancing, wills , purchase contracts , payments, translations, mortgages, property and rental income tax , tourism licences allowing you to rent your Spanish property legally , notary services etc etc. Everything you would expect from a firm with such a solid reputation as Spanish Solutions is available here, much of it can be carried out online.

We are not Spanish estate agents. We work with a number of top builders and estate agents however and we are very happy to provide you with introductions to people we trust, meaning you can trust them too. Our reputation is too important to refer our clients to anyone we would not refer out grandmother to! The question is this? Chances are, we have a buyer or two there already who is willing to talk to us on camera for a minute or five!

They can tell us how they felt dealing with the builder. Has the system worked? Assuming you are in the early stages of Spanish property purchase. What particular community in Spain are you thinking of buying in?

Be aware of agencies that ask for payment upfront, as these may be unregulated and not follow best practices. You can also visit property websites such as idealista. British-based financial institutions are usually a good starting place, with high street lenders such as Santander having a major presence in Spain. There are no legal restrictions on getting a mortgage from a Spanish bank as a British citizen but it could be more difficult as credit checks are performed locally and Brits will not be aware of the intricacies of this process.

But whatever choice property buyers decide to make, they will undoubtedly have to transfer money from a UK bank account to Spain in order to place a deposit and pay legal or valuation fees.

Reducing unnecessary fees and charges when buying property in Spain is an important consideration for most house-hunters. Using companies that specialise in international money transfers such as TransferWise can help you save significant amounts. However, you may only get given a rate of 1. With its borderless account you can also activate euro account details free without any minimum deposit requirements.

This way you can convert your pounds into euros when rates are favourable and hold your euros, and more than 40 other currencies, and make payments as and when you need. We urge you to turn off your ad blocker for The Telegraph website so that you can continue to access our quality content in the future.

Visit our adblocking instructions page. Telegraph Money TransferWise.

198,000
* €/m2
104 m2 | 4 bedrooms | 4 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Are you thinking of buying a brand new property in Spain? Is there any particular new development in Spain you'd like to have us review? There can be pitfalls of buying a property in Spain if you're not careful. Read this article and make sure you buy a house in Spain problem-free. 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.

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?

There are no legal restrictions on getting a mortgage from a Spanish bank as a British citizen but it could be more difficult as credit checks are performed locally and Brits will not be aware of the intricacies of this process.

But whatever choice property buyers decide to make, they will undoubtedly have to transfer money from a UK bank account to Spain in order to place a deposit and pay legal or valuation fees. Reducing unnecessary fees and charges when buying property in Spain is an important consideration for most house-hunters.

Using companies that specialise in international money transfers such as TransferWise can help you save significant amounts. However, you may only get given a rate of 1. With its borderless account you can also activate euro account details free without any minimum deposit requirements.

This way you can convert your pounds into euros when rates are favourable and hold your euros, and more than 40 other currencies, and make payments as and when you need. We urge you to turn off your ad blocker for The Telegraph website so that you can continue to access our quality content in the future. You are probably asking yourself why someone who owns property in Spain would be writing this article. Let me explain…. Recently I was looking at properties with an American couple of retirement age, who were in Valencia for the first time.

Our initial communications had led me to believe that they were interested in a property in the central historic district that would serve as their home for part of the year and provide some rental income when they were not in residence. I had thought that the primary purpose of their purchase was to provide an alternative life experience. It was now clear that return on investment was paramount. I share this story because when buying a property overseas , you must be clear about your objectives.

The preeminent question should be whether you are buying primarily as an investment or as a lifestyle purchase intended to bring you a better life experience. This is not an article full of tax details and financial recommendations.

I am not an accountant, and you probably have a unique financial portfolio that most likely requires a specialist. Also, given the U. 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.

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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: 1,981 €/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.

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