The province of Valencia is in the east of Spain. Located between sea and mountain, the region has more than kilometres of beaches on the very famous Costa Blanca. Property in Valencia is developing fast. The coast has plenty of apartments to offer like in Benidorm or Torrevieja. You will also find magnificent houses for sale on the Costa Blanca, with breath-taking views.
One more reason to look for a house for sale in Valencia: it is the region for Paella and the syrupy wine of Alicante! Apartments and houses for sale in Valencia. Located in the south of Spain, Andalousia offers magnificent landscapes. Fine sandy beaches and olive groves as far as the eye can see, sheltered creeks on the Costa de la Luz, the rolling hills of the Sierra Nevada, or small fishing villages with white houses, there is something for all tastes.
Once under muslim rulership, this is a rich land, shaped by the mix of cultures that have influenced it. This is also visible in the property in Andalousia. If you like golf, choose an apartment for sale in Malaga, now well known as one of the capitals of European golf. If on the other hand, you like the passion of the flamencos, the ferias and the tapas, you will certainly prefer a house for sale in Sevilla, or in the old town of Cadiz.
You will certainly fall in love with this region for the warm good heartedness of its inhabitants! Apartments and houses for sale in Andalusia. Catalonia is above all the region of Barcelona and the magnificent Costa Brava, but also the Catalonian Pyrenees in the back country.
It is a province loaded with history and art, where one can see famous works signed by Gaudi, Dali, or Picasso and buildings like the Sagrada Familia and the Poblet Monastery which have all given Catalonia its world wide reputation. So what are you waiting for to make your property purchase on the most sought after coastline in Spain? Apartments and houses for sale in Catalonia. The Canaries are an archipelago comprising 7 volcanic islands in the Atlantic Ocean, off the Moroccan coast.
Well known for the preserved marine life and countryside the islands shelter 5 nature reserves , the Canaries are also a destination for wind surfers. As to Canary Island property, it is still affordable after prices dropped in You will find there all types of property: apartments for sale in Lanzarote or Gran Canaria, houses in the small colonial towns of Tenerife, or fishermans' houses in the small coastal villages and ports of Fuerteventura.
And do not miss, for any reason, the grand carnaval of Santa Cruz in February! Apartments and houses for sale in The Canary Islands. Located between Andalousia and the province of Valence, the province of Murcia is not as well known as its neighbours.
It has however, an outstanding asset: it is one of the sunniest areas in Europe. It offers spectacular landscapes: small villages, long, fine sand beaches on the Costa Calida, but also western style cowboy decors in the back country. Property in Murcia is varied: apartments with sea views in San Pedro del Pinatar, coastal villas in San Javier, or maybe you will feel tempted by the charm of the houses in the village of Aguilas.
Worth noting: the province is very well known for its spa resorts with healing mud treatments! Apartments and houses for sale in Murcia. The Balearic Islands are in the Mediterranean, just two hours from most European capitals by plane.
With their reputation for well preserved countryside, the Balearic Islands offer magnificent landscapes, varying from lovely creeks with turquoise water to mountains with winding pathways for the more energetic visitors.
Partygoers will not feel left out, with the famous Ibiza, queen of the night, with appearances from artists from all over the world. Property in the Balearic Islands is varied and you will find apartments there with sea views in the small coastal villages, or character houses to renovate in Cuitadella or Mahon on Minorca for example. So would you prefer to buy a house in Minorca, or an apartment on the hilltops of Ibiza? 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. You can purchase Spanish property very quickly, if you are a cash buyer and you have an NIE number.
Certainly, it is not unknown for the Spanish in particular to see a property and be the owner with full access later on the following day. However, this is not the way to proceed for any foreign buyer and you should never rush to buy — or be rushed. Rather, you must always allow your lawyer and building surveyor ample time to do their proper investigations. A good estate agent will help you in your search for a property but it is important to remember that just like in the UK, they represent the seller.
You need your own representation in the form of an independent lawyer that you choose. Needless to say there are many estate agents operating in Spain, of all nationalities, with British agents or agents with English language ability common in most coastal areas.