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If you are considering buying property in Spain you will need to bear in mind that the legal system and steps to follow are different from those you may have experienced in your country.
Let us give you some advice:
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7. You have to check that town permissions are in order and the property is a legal building. This is particularly relevant when buying off-plan or directly from a developer. The town hall can inform you whether the building has all licences and permits.
8. It is also wise to get the following documentation from the owner:
9. As contract of sale, you have to ask for a public deed, issued before a Notary, and register it in the Land Registry as soon as possible to ensure full protection of your rights. The notary should even send advance notification to the Land Registry electronically once the public deed is signed.
We accompany our clients through all legal procedures - © Photo: Ernst Lalleman
10. Costs to be taken into account when buying property in Spain: It is important to consider that, by law, all expenses of the sale of a property are on the expense of the buyer, except the tax on the increase in Value of Urban Land, that has to be paid to the town hall by the seller.As for taxes, they may consist of the value added tax (10 % for residential buildings or 21% for non-residential buildings) or transfer tax in the case of purchasing a resale home, which is usually between 8% and 10%, depending on the regions.Cost of the deed, according of the price of the sale.Registration of property in the public Register, also according to the purchase price
At Supporting Investments in Spain, S.L. we guarantee the safety of your investment. We carry out a previous and thorough analysis of the legal condition of the property and advise on all aspects to ensure the buyer's purchase without problems. We can also advise you on any tax issues, financial matters, insurance policies, residence permits, etc.
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