Spanish Property for sale in costa del sol, costa blanca and more

The Buying Process for Spanish property

Buying a property in Spain is very similar to purchasing in any other country. The main difficulty is the language barrier, this is easily overcome by utilising the services of professional companies and multilingual Solicitors. Once you have found your ideal property, our Spanish offices will be able to provide you with all of the information and details that your Solicitor will require in order to proceed with the sale.

Step by step

	Step 1: Decide on the purpose of your purchase: is it for investment, as a holiday home or for permanent residence, or a combination?
	Step 2: Decide on the level of investment that you wish to make in your new property.
	Step 3: Decide on a time scale for the purchase of your new home.
	Step 4: Discuss the options available to you, according to your criteria, with Eden Villas and decide on your ideal property type and region in Spain (call us on 01382 505101).
	Step 5: When you are in a position to purchase your new home, arrange an inspection visit to view property.

		Book for an inspection tour here

The costs of buying a property in Spain are relatively high, mainly due to the 7% sales tax. You should allow around 10% of the price of the property to cover these costs.

Land registry property search (nota simple):- Using the registration details (Inscripcion) from the Deeds (Escritura), your solicitor will arrange for a property search (Nota Simple) from the Land Registry (Registro de la Propiedad). This search will show the full history of the property, together with any mortgage charges, debts or any other encumbrances that may be attached to the property. This document would normally be applied for when you pay the deposit and again prior to completion.

Signing the title deeds (escritura):- When you reach the completion date stipulated on the purchase contract you will be required to pay the balance of the money and sign the Title Deeds in front of the Public Notary. The Notary is an offical witness to the sale and will ensure that each party has sufficent legal authority to buy or sell the property. He will also inform you of the actual situation in respect of any debts, charges or encumbrances. This information is supplied to the Notary directly from the Land Registry. The charge made by the Notary will depend on the length of the Title Deed and the price declared.

Sale taxes:- You are required to pay taxes on the transfer of the ownership. If the property is a re-sale and privately owned, you are required to pay 6% tax. Should you purchase a new property, or property owned by a Spanish company you will pay 7% I.V.A. plus 0.5% duty. For resale property, the payment will be on completion, for new property it may be necessary to pay VAT with the instalments during the build process.

Land registry:- Once your Deeds have been collected from the Notary and the taxes paid, they can be presented to the Land Registry (Registro de la Propiedad) for registration. This process could take up to forty working days depending on the workload of the Registry.

After-sales service
After purchasing your property in Spain and returning to the UK, you need peace of mind that the construction is proceeding according to plan. Our after sales team undertake to liase with the builders and solicitors; regular inspections are carried out and the progress reported back to you. Our after sales team will help with any customisations and prepare the property for your arrival in Spain when it is ready to be occupied. Our after sales service is provided free of charge.