What do I need to know when buying property in Spain?
When we asked expats what advice they would give a foreigner before buying a property in Spain, they said...
"- Familiarize yourself with the Spanish legal system and the relevant rules for purchasing property in Spain. - Obtain independent legal and financial advice to ensure that the process of purchasing a property is completed fully and correctly. - Contact a qualified Spanish real estate agent and research the area you wish to purchase in. - Ensure that you consider the costs which you may incur in buying a property, such as taxes and property transfer taxes. - Determine what type of ownership you wish to have and research if you require any permission or licences to purchase the property. - Make sure you check the title deed and any other documents of the property and ensure everything is in order. - Ensure that the property complies with local building regulations. - Ensure that you know what type of insurance you require for the property. - Make sure you have adequate funds available in both your home and local currency in Spain to pay for the property," said another expat in Spain.
Other Questions:
- What do I need to know before moving to Spain?
- How do I find a place to live in Spain?
- What is a typical expat home or apartment like in Spain?
- What is the average cost of housing in Spain?
- Should I buy or rent a home in Spain?
- What should I pack when moving to Spain?
- What cultural faux pas should I try to avoid making in Spain?
- Why do people move to Spain?
- What are healthcare services like in Spain?
- What are medical services in Spain like?
- What are typical rents in Spain?
- What appliances are typically included in a rental?
What do I need to know when buying property in Spain?
If you live in Spain, newcomers to Spain would love to hear your answer to this question:
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
