Monday, June 27, 2005

Guide to buying a property in Spain

The following is just a simple and rough guide to buying a property in Spain. More information is available on request.

  1. If planning to ask for a Mortgage, you should bring or ensure you can easily get access to your payslips and P60 if employed or last year’s accounts if self employed. Easy Property Spain can easily arrange Euro mortgages through Spanish banks which have the ability to offer low interest rates currently averaging 3.5%.
  2. Remember property in Spain (especially in Valencia) sells quickly, therefore you need to be in the position to leave a deposit and have the relevant paperwork arranged before you go on a property visit.
  3. It is advisable to contact UK agents for Spanish property or at least ensure that the agency has English speaking personnel to guarantee that they can show you what you are really looking for.
  4. Look for the agents of Spanish property who have a large database of properties both re-sale and off plan to offer. A good estate agent or property consultant should be able to offer you several properties for your viewing.
  5. Make appointments in advance to come out on viewing trips to Spain to avoid disappointment. The property market in Spain is buoyant so you should therefore not expect to be taken out from one day to the next.
  6. It is a standard practice to leave a deposit of around 3,000 € with the estate agent to guarantee that the property is taken off the market. At this stage, our Legal department would perform the necessary checks on the property and our services department will help you with any extra services you might require.
  7. EPS can also provide you with the contact details of an English speaking lawyer should you prefer to use a third party. Ask us for a list of lawyers in the area, so you can choose which one to use. In general the legal fees are based on the value of the property and it is highly recommended that you use an Agent who either has a legal department or a lawyer in Spain as the Spanish legal system is very different from the one in England.
  8. Buying property in Spain normally attracts additional costs. It is recommended you allow a minimum of 10-13% of the property price to cover additional costs, such as legal, notary, registry fees, stamp duty etc.

If you require more information, Easy Property Spain is the best choice for your real estate agent in Spain.

For your cheap Spanish homes, Valencian villas, rural property in Spain, or Spanish golf properties, contact our Valencia Property real estate agency at sales@easypropertyspain.co.uk and let us guide you in your property search in Spain.

Consult Easy Property Spain at our web site http://www.easypropertyspain.co.uk/ for more than 300 properties and let our real estate agency in Spain guide you in your property search in Spain with their experience and expertise. Alternatively you can contact our Valencia property agents at sales@easypropertyspain.co.uk or call us on our UK National Number 0871 666 5350.Easy Property Spain is the best choice for your real estate agent in Spain.

For your cheap Spanish homes, Valencian villas, rural property in Spain, Spanish golf properties, contact one of our Valencia property agents or our Valencia Property real estate agency at sales@easypropertyspain.co.uk and let us guide you in your property search in Spain. If you are interested in buying villa in Spain, Spanish golf properties, rural property in Spain, or in general properties for sale in Spain visit http://www.easypropertyspain.co.uk/ and a Valencia property real estate agent will be happy to inform you.