 An overview of property law, Spain
Property law is a complex issue in any country property law in Spain is no exception. Of course we always recommend that you appoint a professional to help you with any property transaction but here are a few key things to look out for.
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Always get independent and iImpartial service. |
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Be protected with the lawyer’s legal insurance. |
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Make sure you get the best conditions in your mortgage. |
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Avoid bank charges if you can. |
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Find out what the community charges will be. |
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 Advice for owners selling properties in Spain
Buying property in Spain is something that has become the norm but owners selling properties in Spain should also make sure that they are prepared to make the process as smooth as possible. Here are some things to prepare in advance.
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Be aware of capital gains tax for both non-residents and residents. |
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Find out what the plusvalía tax will be (municipal tax on the increase of the value of the land over the years). |
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 Advice about what to do if you have complaints when buying Spanish property
Unfortunately not all property transactions will go well and you may end up with complaints when buying Spanish property. Again professional advice is essential, your lawyer will assist you with dealing with after-sales situations which require a lawyers letter or phone call, such as arranging the "snagging list", talking to the community of owners association, developer/seller, banks etc.
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 The importance of appointing Spanish conveyancing solicitors
All the above is useful information but only but appointing Spanish conveyancing solicitors can you really expect to understand the issues and implications involved in buying property in Spain. It is essential to be protected when parting with substantial sums of money. Buying a property in Spain has become a risky business. Nevertheless, most people don’t want to give up living their dream in the sun, and want to buy soon before the prices rise too much.
Developers are keen to build as much as possible before any possible drop in the demand, which drives them to build quick, and sometimes build without complying with the existing laws and regulations. Knowing that foreign buyers are less informed, unscrupulous developers and estate agents don’t think twice before selling an off plan property that may eventually be demolished. Although this rarely happens, it can. This is why it is paramout you appoint a lawyer you can trust. |
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