If you have found a property that is of interest to you, you may have a few questions before proceeding. Based on our experience, we offer you the following guidelines.
How does the legal side work?
It is not compulsory to go through an estate agent when selling a property in Spain, and the Spanish have been buying and selling property for years without them, saving thousands in the process.
We do recommend using a lawyer to conduct the transaction once you and a potential buyer have agreed a price. Use of a lawyer is not mandatory in Spain to sell or buy, but they will make the “red tape” much more manageable.
We have a partnership with Perez Legal Group with offices in Marbella and Alicante who are dedicated to the English-speaking client. They can conduct the buying process in any part of Spain on your behalf, and in perfect English.
Perez Legal Group have provided us with an excellent guide to buying a property in Spain, it covers:
- Purchasing a resale property in Spain
- Purchasing a new property off-plan
- Annual property and income taxes
- Tax advantages for residents
- Registration in your town hall
- Spanish wills and inheritance tax
- Spanish bank accounts
When buying a property abroad, the movement of large quantities of funds between two currencies can be slightly daunting. To make things easier, Spanish Properties Direct has partnered with Foreign Currency Direct who can minimize the fluctuations between different currencies and avoid expensive overseas bank transfer charges. Click the red link above and they will know you have been referred by Spanish Properties Direct.