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," explained one expat living in Spain.
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Other Questions:
- What do I need to know before retiring in Spain?
- How do I meet people in Spain?
- What is life like in Spain?
- 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?
- Is the cost of living in Spain high?
- What advice do you have for expats having a baby in Spain?
- What are healthcare services like in Spain?
- Is the cost of living in Spain high?
- What type of recreational facilities are in Spain?
- What is the weather like in Spain?
- Are there good restaurants in Spain?
- Where will I buy groceries and do other shopping in Spain?
- What are the visa & residency requirements in Spain?
- Are healthcare and health insurance expensive in Spain?
- What do I need to know when buying property in Spain?
- Are foreigners allowed to own property 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 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.
