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Are property prices increasing in Spain? |
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The Economist reports that house prices in the last 20
years have risen faster in Spain than anywhere else in the
world. Prices continue to rise and there is still
a large
demand
for properties
on
the Costa Blanca |
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If I purchase a property from you,
will I have to pay you any commission? |
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No. Our fees are paid solely by the vendor. |
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How much do I need to put down as a deposit on a property in Spain? |
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This can vary depending on the price of the property; however,
on average £2000 will secure a property. We would recommend
that you bring with you a bankers draft from the UK |
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Is the reservation fee and deposit
returned if I pull out of the purchase? |
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No - not if you decide to withdraw from the purchase. However,
the funds
will be returned (normally double the amount) if the vendor
decides not to complete. |
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When purchasing a Spanish property,
should I make a Spanish Will? |
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It is not a legal requirement to do so, as wills from other
countries are valid in Spain. However, in order to avoid
any possible confusion and to speed up the process of administering
the estate, it is advised to consult with a Spanish lawyer
and have such a document drawn up. |
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What is a NIE number? |
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All property owners must have a NIE number which is basically your tax identification number. The number is necessary for practically any transaction in Spain |
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Do I need to use a Spanish lawyer
to buy a property in Spain? |
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No, however we would recommend that you do use a Spanish
lawyer to act on your behalf during the buying process.
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Can you recommend a good Spanish Lawyer? |
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Yes, we use the services of several
good English speaking Spanish Lawyers and would be happy
to recommend one should you require.
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Is there any guarantee on new properties? |
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All new properties carry a 10 year builders guarantee
similar to the UK. This can be confirmed with the builder.
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What are the schools like in Spain? |
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There are some very good English and
Spanish schools in Spain. Entry ages range from 3 years
to 18 years. Many of the English speaking International
schools follow the English education curriculum, allowing
students to sit their GCSE's and A levels.
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If I buy a property can I get a mortgage in Spain? |
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Yes this can be arranged through local banks. Spain
has one of the lowest interest rates in the European Union.
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What is the health care service like? |
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Spain has an excellent health care service with modern hospitals and facilities. Many of the doctors speak English
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How do I arrange an inspection visit? |
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This is very straight forward, please
see our Inspection Visit page.
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