Buying property in Spain can be a straightforward affair, but things can go wrong, and costs spiral, if you blunder into a purchase without enough knowledge of the conveyancing process and the property market. So do your homework before you set out to buy a property in Spain, as once you start looking at houses and talking to vendors it’s easy to get swept away. It also helps to know about the costs and challenges you will face once you own a property in Spain, as property ownership comes with costs and responsibilities. And when buying always remember you will need to sell one day, so keep that in mind when deciding what kind of property to buy. Do yourself a favour: don’t buy a property in Spain that will prove difficult to sell when the time comes.
Resources to help you buy
If you are thinking of buying property in Spain, you have come to the right place. Here you will find information and resources to help you research and buy property in Spain, plus a directory of companies and professionals who can achieve your goals. You will also find out how best to manage your property in Spain once you have purchased, and never lose sight of the fact that one day you might need to sell. The easiest thing to do is buy property. You just have to hand over the cash. It’s much harder to sell. Spanish Property Insight shows you how to buy, own and sell (keeping in mind owning and selling when you buy), understand the market at all times during the lifetime of your interest in Spanish property, and find the professionals you will need to achieve your goals.
Buy property in Spain
Guide to buying property in Spain
Buying a property in Spain can be a very enriching affair, both financially and in terms of enhancing your happiness and quality of life. However this will only be the case if you get the purchase right.
Getting the purchase right means buying the right property for the right reasons and in the right way. It means approaching your purchase in a structured and organised fashion whilst understanding the purchase process in Spain. It means understanding the risks involved in making one of the biggest investments of your life in a foreign country whilst dealing with people who don’t necessarily have your best interests at heart. Most of all it means being well informed at all times, as information is power and the more you know the harder you are to take advantage of. This guide is designed to arm you with the know-how you need to achieve this and buy safely in Spain.
It follows that the purpose of this guide is not to ‘sell the dream’ but to point out the risks and realities of pursuing the dream. This inevitably means focusing on the problems, risks, costs, and other negative issues that may make you wonder whether buying a property in Spain is such a good idea after all. That is certainly a question you should ask yourself, as for some people the answer will be ‘no’ and it is better to find this out before proceeding to buy. However for the majority of people who dream of owning a property in the beautiful surroundings and sunshine of Spain there is no good reason why they shouldn’t, and this guide is not intended to shoot down any realistic dreams. To help you keep out of harm’s way when buying in Spain this guide has to focus on the problems, but don’t let these pages dampen your enthusiasm if your dreams are realistic.
Spanish Property Insight is the only private guide to buying property in Spain recommended by the British Government.
Defining your requirements and prepaging a brief to guide you search
Getting your ducks in line
Spain is a big empty country with some of the most dramatic countryside in Europe, and many rural properties tucked away in the Spanish countryside represent a dream lifestyle for people like the well-known author Chris Stewart who want to get away from it all. But buying rural property in the Spanish countryside presents its own risks and challenges. Read this section on buying rural property in Spain before you do anything else.
Building surveys are an important part of any due diligence before buying a property in Spain. Read all about building surveys in Spain in this expert guide.
This guide explains how to get a Spanish ‘Golden Visa’ buying real estate in Spain. Since Brexit, this is now an option for British investors. All your Spanish Golden Visa scheme questions answered.
Everything you need to know about mortgages in Spain.
When buying property in Spain, always keep digital and hard copies of all invoices related to your purchase like legal fees, notary fees, and property register fees. Likewise, if you ever do building work on the property once you own it, keep copies of all licences and invoices. You may be able to offset these expenses against capital gains when you sell, and so reduce your Spanish capital gains tax on property sales