Spain Explained

A guide for foreigners on every aspect of safe property ownership in Spain

Posts filtered by Property buying and selling

Changes to Spanish mortgages

Many people buying a Spanish property have relied on obtaining a mortgage in Spain to help them. At one time, this was incredibly easy to do leading to some of the difficulties people now find themselves in.  Negative equity, unaffordable payments that are not matched by rental income and unemployment have all led to a […]

Read more

The power of attorney makes it easier to buy Spanish property

Once you have found the property you’d like to buy in Spain, you want it to proceed as quickly as possible. The buying process requires a number of signatures and appearances at the Spanish notary. Depending on where you are living, this can present problems and if you are a non-resident it can be particularly […]

Read more

Professional advice when purchasing property in Spain

Everyone wants to keep their costs down when buying property in Spain. It’s understandable that prospective Spanish property owners want to ensure that the buying process takes as little from their hard-earned savings as possible. However, it’s a fine line between cutting your costs and risking that the transaction isn’t completed properly. Too many Spanish […]

Read more

Counting the cost of buying in Spain

Sometimes reading the press you get the impression that everyone has stopped buying houses in Spain. It’s not true. Foreign buyers have actually increased in relation to the number of Spanish buyers. Overall numbers have dropped but there are plenty of people who still want to buy their own property in Spain. If you haven’t […]

Read more

Some positive property news in Spain

In the current environment it is pleasing to see some rather more positive statistics emerging for Spanish property owners. The current sales figures for Spanish property reported in The Land Registry* (el registro de propriedades) are promising and suggest a healthy interest from foreigners in buying a place in Spain. Spanish property trends bring the […]

Read more

Do you own your own business and want to buy property in Spain?

Owning your own company or business is what many people aspire to. The additional responsibilities and bureaucratic requirements are balanced by the freedom and self-governance that being your own boss can bring. There are some other potential benefits too that you might not even have been aware of. You might have already considered Spanish property […]

Read more

The energy performance certificate (EPC) in Spain

The new law has now been approved. From June 1 2013 property owners have to provide buyers or tenants with an energy performance certificate (EPC) in Spain. The EPC must include objective information about the level of energy efficiency of the building so that potential purchasers and tenants can compare it with others. The EPC […]

Read more

Overcoming the property slump

Although ‘off-plan’ is definitely down in the doldrums, the Spanish re-sale market has a little more buoyancy. Those who bought before 2005 should be able to market their property at a realistic price without losing out. The UK market is very slow but demand is still there where the price is right. A life in […]

Read more

Spanish habitation certificate

Resale property in Spain, second occupancy or ‘used’. Whatever, you want to call it, buying an existing, older property has overtaken off-plan and new build purchase in popularity. There are advantages to buying resale properties that have increasingly come into their own. To begin with, you generally know what you’re getting for your money. You […]

Read more

The difference between urban and rustic land

1. Suelo Urbano (Urban Land = Residential) This land can be legally built on. Development is permitted and the legal infrastructure for all necessary and basic services, including drainage, roads, pavements, electricity and water, is guaranteed by the Public Administration Office of the local or provincial authority as relevant. 2. Suelo Rústico (Rustic Land = […]

Read more

More demolitions

Do you have a property extension in Spain without the proper building licence to go with it? Many people have built upwards and outwards without applying for a licence. Something they would never do in their home country. Town halls are cracking down on people who have risked doing this. At the moment it’s Orihuela […]

Read more

A good Spanish solicitor is important for selling too

Most Spanish property purchasers recognise the importance of having good legal representation. However, not all Spanish property sellers are as aware of the need.  Although the buyer’s solicitor will take the lead during the buying and selling process in Spain, you do need your own representative to ensure that your interests are protected too. As […]

Read more

Mortgages with a floor but no ceiling

It should be a time for rejoicing for anyone with a mortgage. With interest rates so low, provided you are still in employment, you should at least be enjoying the lowest level of mortgage repayments you could hope for. However, not all home owners with a mortgage are actually feeling the benefit of the low […]

Read more

Two registers to record your Spanish property

valor-catastral

There are two Spanish property registers. This can be confusing for people used to a different system in their own country. What is even more confusing is that each register contains a different type of information about the property. The Catastro The Catastro register includes the official valuation of the property or the valor catastral. The valor […]

Read more

Expensive small print on your Spanish mortgage

We all know how difficult it can be to work your way through small print. Who actually does? Often written in legal terms, and as the name suggests, in very small letters, it is unintelligible to the majority of us. So, no wonder it caught some people out when they agreed their mortgages in Spain. […]

Read more

The Swedish market

The good news is that the Swedish are continuing to buy houses in Spain. Although the British share of the market may have fallen, there is interest sprouting and growing in other parts of the world. Between 2008 and 2010 the number of Swedish buyers in Spain increased by 138%. An increase that is reportedly […]

Read more

Is it safe to buy a property in Spain?

It’s true that there have been some problems in the past. However, by taking simple precautions you can ensure that any risks are reduced to a minimum. Millions of people have bought property safely in Spain and are now enjoying their dream homes. Our advice to you is: Make sure you use a reputable and […]

Read more

Buying a property in Spain

You can buy with confidence in Spain. However, as in every country, you need to take good advice and follow the correct procedures. We recommend that you: Take advice from the start to avoid any pitfalls Use only recommended and recognised estate agents Use only established developers with building guarantees Use the services of a […]

Read more

Home improvement in Spain

It can be a good alternative if you just need more room or some additional facilities. A Spanish property extension can be a good option if there is a new member of the family or the visitors are getting under your feet. In some of the urbanisations local to our offices it can be difficult […]

Read more

Power of Attorney and Validation of Spanish legal documents

A Power of Attorney, called a ‘Poder Notarial’ in Spanish, is a written authorisation to represent somebody in any kind of legal matters or transactions. For example: purchase of a property sale of a property probate in Spain obtaining a Spanish NIE number Power of Attorney is normally granted in favour of someone you trust […]

Read more

Selling extended Spanish property

With the cost of buying and selling, plus the fact that buyers are like gold dust, more and more people are taking the option of making adaptations to their property to suite their changing needs. However, at some point there will need to be a sale of this extended Spanish property or it will be […]

Read more

The documents you need to sell your house in Spain

Where do you start when it comes to selling your property in Spain? Perhaps the first and foremost necessity in the current climate is a buyer. If you do manage to find someone who wants to buy your property at a price that is reasonable to you, then the biggest hurdle is over. However, you’re […]

Read more

What happens when the Spanish builder goes bankrupt?

Unfortunately, these days, this is not an uncommon problem. What happens when the Spanish builder goes bankrupt can vary considerably depending upon whether the builder has arranged a bank guarantee or contracted an insurance policy to protect the stage payments already made by the purchaser. The situation is more positive if these safeguards are in […]

Read more

The Professionals – estate agents and solicitors

Buying or selling in Spain means taking account of the taxes you will have to pay as well as the cost of the agents and solicitors you will need to use. When you are estimating the money you need for either buying or selling a Spanish property it’s important to take everything into consideration. It […]

Read more

What you need to sell your house in Spain

Selling  property in Spain – documents needed Where do you start when it comes to selling your property in Spain? Perhaps the first and foremost necessity in the current climate is a buyer. If you do manage to find someone who wants to buy your property at a price that is reasonable to you, then the biggest […]

Read more