Please do not download or copy photos without my permission, Thank you.

Please do not download or copy photos without my permission, Thank you.

Tuesday, August 01, 2006

Buying Property in Spain.


Every year thousands of British buy a property in Spain, some just for a holiday home but many move out here permenently. What ever the reason may be, its always advisable to ensure you choose the area most suitable for you and your family. Prices are rising every year,but you still get much more for your money here than in Britain...


Coastal propertys are approximately 20% dearer than inland, so it maybe tempting to buy inland, but it's always advisable to make checks on your chosen area, as it may not come upto your expectations. Then after putting down a non-refundable deposit, you may find out that the property you are planning on buying is not connected to all services such as water, electric, telephone and sewage drainage. So it could be too much of a culture shock having to get your water delivered, or the cess-pit emptied once or twice a year!


Once you do find your property, whether its a run-down finca, apartment or one of the best villas around, the buying process is the same. As soon as you pay your deposit, the property will be taken off the market. Your lawyer will then write out a contract of sale, agreeable to both the the seller and the buyer. After which he will do all the necessary checks to ensure the property is free from all debt from the previous owner, and is rightly their's to sell!
It's always wise to remember while you are looking for property here in Spain, the price advertised is not the total cost. On top of the purchase price you should always add on approx 10%, this is for your legal fees and taxes.
If you are planning on buying a resale property its quite normal for the sale to be completed in only a couple of weeks.


So happy house hunting.....don't let the horror stories you may have heard about buying abroad put you off. The best advice I can give you is to, just do your homework on the area you have chosen. A lot of people have taken the plunge and regretted it, but everyone that I know out here are very well settled with no intention of ever going back to the UK (me included!!)
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2 comments:

Anonymous said...

Just wanted to say hello its really nice site. good keep up it.

Jackie said...

Thanks for taking the time to add a comment, glad you like the site.