A Guide to Buying Property in Spain
Many people dream of owning a property abroad can be put off by the thought of the stressful buying processes involved. In partnership with the Costa Blanca Property Specialist, Garcia Villas, we can guide you through the process from start to finish and help you to secure your dream property in the beautiful region of the northern Costa Blanca.
Here is our short guide to the process of buying property in Spain:
Make sure you know exactly what you are looking for – are you wanting to make a permanent move, make an investment or simply looking for a holiday home? This will make a difference to the type of property that’s best suited to you so it’s important to take the time to really think about what you want.
Set a budget
Setting a clear budget is important - remember as a rule for buying abroad you need to allow for an additional 12% to cover the various taxes and legal fees.
Get to know the area
Simply looking at images of the areas you are interested in is never enough. Make sure to visit the area, speak to the locals and really get to know the area before making any final decisions.
Once you have decided which areas you like, the internet is the best way to help you search for your dream property. Garcia Villa’s website (https://www.garciavillas.co.uk/) is very easy to use and offers a great range of properties for you to peruse at your leisure.
If you have decided buying in Spain is the right decision for you, the next step is to start viewing some properties. The Costa Blanca is only a short flight away and the team at Garcia Villas will be more than happy to show you around your chosen properties.
Making an offer
If you decide to make an offer on a property, simply let us know and then leave the rest to us.
Once your offer has been accepted, terms are agreed and a deposit (usually around 3000 euros) secures the property. You will then have to set up a bank account and your lawyer will ask you to sign a private purchase contract. It’s at this stage the 10% is paid directly to the property owner and your lawyer will organise transfer of utilities, rates, community charges and a date for completion.
Upon completion of the sale, all the official deeds are signed in the local notary’s office, where you will be issued with a copy and then your journey is complete – you are a proud owner of your very own Spanish Property!
If you would like to find out more about buying property in Spain, we are hosting a ‘Buying in Spain’ Information Evening on Thursday 5th July, 6pm – 8pm.