Buying property in a different country can seem difficult or complex and sometimes it can seem like you have no control over the purchase process.
Here at Yourspanishproperty.com we work hard to make your property buying experience as pleasurable and painless as possible.
Buying property in Spain is relatively straightforward and usually without any complications. Most Spaniards buy without the use of solicitors, with transactions handled by a Notary, usually agreed by both vendor and purchaser.
When buying a property in Spain you'll get similar legal protection and rights as in the UK. Again, as in the UK, you have more safeguards when buying a new build property as opposed to buying a resale.
We can introduce you to a reputable local English speaking solicitor to give you extra piece of mind during the purchase process and we will arrange dual language sales contracts, changeover and ordering of utilities, local property taxes, arrange registration at the local town hall, handle NIE and Residencias. |  
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| The property market in most parts of Spain is different than in the UK. Property chains are virtually unheard of and, up until recent years, a lot of property was passed through the family from generation to generation.
Property prices are rising although in the South of Spain prices have levelled out in some areas. Owners are not usually in a rush to sell and can decide on a figure they want for their property and wait for someone to come along and buy it. Always make an offer but don't take it personally if the owners won't move on price.
Property prices for townhouses can sometimes seem very high, that is because only a small number of properties come up for sale at any one time due to the reason mentioned above.
New build properties usually come onto the market at a lower price when "offplan" or in early stages of construction. If the property nears completion and remains unsold, or construction has continued into another sales year, the developers will increase the sale price.
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| Arranging mortgages in Spain is much more straightforward than in the UK. A range of options are available from fixed rate to part fixed, part variable. Interest rates are low and your actual loan balance will visibly decrease with each payment - the interest element you pay is the same every month for the life of your agreement. UK lenders tend to claw back interest in the first half of the mortgage term so your loan balance remains relatively unchanged if you sell or re-mortgage early.
We can introduce you to a major Spanish bank offering competitive non resident mortgages, bank accounts, insurance products and internet banking - all in English.
When purchasing a property as a non resident you will usually only be able to obtain up to 70% of the purchase price or valuation - whichever is lower.
As part of the service, your Bank will conduct a valuation, check the property registry, check for bad debts against the property, and handle property tax and stamp duty payments for you.
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