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," commented one expat who made the move to Spain.
SJB GlobalConnect
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
SJB GlobalSJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Connect
Click connect to have our partner contact you via e-mail and/or phone.
Other Questions:
- What should I pack when moving to Spain?
- Where should I setup a bank account in Spain?
- Will I be able to find a job in Spain?
- What is life like in Spain?
- What do expats in Spain appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Spain?
- Is there a lot of diversity? Are people in Spain accepting of differences?
- What are the schools in Spain like?
- What are healthcare services like in Spain?
- What are medical services in Spain like?
- Are healthcare and health insurance expensive in Spain?
- What are emergency services like in Spain?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Spain?
- How are local medical facilities in Spain?
- As a foreigner living in Spain, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
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 is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad 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.
