If you want to sit in a bar eating little plates of delicious food, you will love it. If you fancy early retirement in warm sunshine even in January, the occasional round of golf, the grandchildren just a couple of hours flying time away, yep, this is the place. For all its economic problems in recent years, living and buying property in Spain is easy. Choosing where to buy your house in Spain might be your biggest problem. There are ten islands to choose from, the Balearics in the Mediterranean or the Canaries in the Atlantic.
Wherever you decide on, you will probably have a good choice of property. Spain is notorious for having built far too many houses and apartments in the boom years and being unable to sell them. We could go on: Spain has a wonderful culture, cuisine and countryside. As always, location is key. For those seeking a property in more authentic Spain, there are hill-top white villages with farmers riding donkeys through them, Moorish wonders such as the Alhambra and the coolest of cities Barcelona and Madrid - and prices have already begun to rise in Marbella, hotpots in the Balearics, and the ever-popular Costa Blanca.
There are a number of property hotspots in Spain to consider right now - in fact, some of them never really cooled off, such as recession-proof Mallorca , still attracting the mega-rich and royalty, and ever fashionable Ibiza , drawing the children of the buyers who discovered it in the Sixties.
The southern Costa Blanca has so many advantages for property hunters, including a plethora of golf courses near popular towns like Villamartin and Playa Flamenca , and just about the healthiest climate in Europe. The northern Costa Blanca, less affected by development and with more building restrictions in place, draws buyers to towns including Moraira , Javea , Denia , Calpe and Benissa Costa. Inland of these resorts, the Orba and Jalon valleys are increasing in popularity for buyers seeking a more tranquil location than the coastal resorts; and also more bang for their buck.
Going south to the Costa del Sol, glitzy Marbella might said to be well and truly booming, with new developments back in vogue and great demand for holiday rentals.
Buying an overseas property is an exciting thing to do and Spain is a great place to choose. However, it is important to go about things the right way and equip yourself with as much information as possible before settling on that dream home. One of the most valuable pieces of advice is to instruct your own independent solicitor to assist you with your purchase, just as you would when buying property in the UK.
The estate agent will be a valuable source of information on properties, pricing and the surrounding area and will understand the buying process having been through it many times before, but they are acting for the vendor and you need an experienced solicitor — who understands the language as well — to act for you. Once you have found your property, the purchase process begins with a reservation agreement.
The deposit is usually held by your lawyer or your agent in a client or escrow account. Within 10 days of signing the reservation agreement, the full private purchase contract contrato de arras is signed between the buyer and the seller.
This is similar to exchanging contracts in the UK buying process. Within this time your lawyer should complete all the searches on the property - confirming that the seller own the property being sold, there are no mortgages or charges and that planning consents are in order. Once both parties sign the main contract, it is binding.
The arras contract or full private contract will usually require a 10 to 20 per cent deposit to be paid. The buyer is then committed to pay the balance of the price, and the seller once the money has been paid must transfer ownership to the buyer.
If the seller pulls out of the transaction he must return double the amount of the deposit received by way of compensation. If the buyer pulls out he will lose the deposit paid.
This will happen at their office and be accompanied by the agreed final payment and all the relevant purchase taxes. The Escritura is then presented by the Notary to the Land Registry for registration and the property is passed to the new owner.
Final registation of the title deed can take several months. With a new-build property, obviously completion can take a lot longer, and the payments are split over stages of the build process, and the developer should provide bank guarantees against each payment.
This protects your payments in the event the developer fails to complete the property or goes bust. Finally, make sure that you have insurance for your property, ensure all service contracts are in your name telephone, water, electrics etc. Just as in the UK, you can authorise someone normally your lawyer to act on your behalf with regard to your legal matters in Spain.
This is often wise, as travelling to Spain to sign documents can become inconvenient or mean that you miss an essential signing date through ill-health or travel disruption. A Power of Attorney can be either general or limited to a specific function for example, the signing on your behalf of the escritura Deeds to your intended property.
So, apply for this as soon as you start looking for a property. Currently, you must apply for your NIE number in person although the rules on this tend to change from time to time; your estate agent or lawyer, who should help you. In front of the main house, seventeen double rooms with bathroom en suite, each with its own entrance and all decorated with a fine rustic style, ideal for the stay of guests.
It also has a spectacular hunting lodge, cozy and comfortable where we find a dining room for more than sixty diners and an industrial kitchen for possible events. A guard house, another house for service, a cellar and a charming chapel complete this unique main courtyard. The garage has room for up to seven cars. Villa in Taberno. Excellent opportunity to buy rural property in Taberno, has 2 hectares of olive grove, 2 Ha almond and other high mountain.
House in Cretas. Building-site in Tivissa. Large olive farm located in the municipality of Tivissa, in the Burgans area. The farm consists of 16 hectares of land of which approximately 1 third are conreo.
It is planted with olive trees that produce about 20, kg of olive trees annually. The road is wide and has good access.
This farm consists of a large warehouse located within another plot of about m2 ideal for storing machinery. This warehouse was the old oil mill of the farmhouse. Plot in Maella. There is a stone house for restore. Possibility to build a new rustic house. There are olive and almond trees to re-cultivate. Property located approximately 7 km from Maella. A welcoming village with all services.
Can be accessed by several roads, the shorter is by asphalted road, a stretch of gravel and forest road. Ideally suited for lovers of nature and peace. Light and water by alternative means, such as solar panels, various systems for collecting water, etc. Country property in La Palma del Condado.
Ideal for a number of different activities including equestrian, leisure, stock breeding, poultry farming, or rural leisure activities. There is a building on the property ready for renovation which is reached by tarmac road - the roof has already been replaced.
La Palma is just 30 minutes from Seville and 30 minutes to Huelva in the other direction. House in Valderrobres. Rustic property in Valderrobres. Country property in Nonaspe. Finca of m2. Stone farmhouse in good condition of 25 m2. Surrounded by pine forests and very good access, by road 12 km. Very quiet area and good views. The land has The roof and walls are in good condition. Possibility to make a new construction. The environment is adjacent to a rural road with very little traffic and mountains.
The views are spectacular, profuse mountains, pine forests, rocks, lots of sun and great tranquility. Located about 4 kilometers from the center of the village of Maella, the property is accessed by rural gravel roads. Ideal for young people who want to live the adventure of nature and be self-sufficient.
Electricity and water by alternative means. Rural Internet. The rustic house 'mas' has an area of 40 m2 distributed in two floors. The roof and walls are in acceptable condition. To be restored. The land is It is possible, given the dimensions, to make another construction. There are almond trees cultivated. The property is located 3 km from Maella by a gravel road easily accessible for all types of vehicles.
Wide perspectives, rocky hills and pines. Telephone coverage. Rural internet. Electricity and water must be obtained by alternative means. The traditional village of Maella has all the services, health care, supermarkets, restaurants, cinema, swimming pool, clothes shops, etc. Plot: , m 2 1 bedroom 1 bathroom.
Watch the video on WWW. It has half the land of olives and half pine. The area is really nice, and the farmhouse is meters and is to rehabilitate. The water would be obtained by a well that there are many groundwater.
Grounds planted with almond and olive trees.