Buying process

Article written by Eduardo Amat Alcaraz, notary public of Puerto Lumbreras (Murcia) An outright payment is when the buyer pays the full amount for a good or service at the time of purchase.

The sharp rise of interest rates over the last 12 months, has prompted scores of borrowers to look into cancelling their Spanish mortgage loans.

More and more foreigners are deciding to buy properties in Spain, either as an investment, to retire or as a holiday home to enjoy the climate, food and lifestyle.

It's August, you're looking for a flat or maybe you want to put your property up for sale. Many will tell you, "It's a bad month to close a deal". Many buyers and sellers have had this idea instilled, but it couldn't be further from the truth.

Planning to invest in a holiday home? Spain could be the ideal location for you. With its sunny climate, beautiful beaches, and rich culture, it's no wonder Spain is a popular choice for holiday home buyers.

Unlike a title deed, which in truth bears little to no importance, what matters in Spain is who appears as the registered owner before the land registry.

Getting the cadastral reference of a house or property in Spain is relatively simple and does not involve too much paperwork.

Mortgage interest rates are on the rise, but in spite of this, many people are still choosing to buy property in Spain, as prices start to stabilise going into 2023. If you're renting and you want to own a property then the process is relatively simple.

Fixed and variable-rate mortgages are the most common on the market in Spain, but there is a third type that is also worth knowing about when applying for a mortgage in Spain: mixed-rate mortgages, also known as mixed mortgages.

When buying a property in Spain, whether it's a holiday home or permanent residence, you will have to pay some sort of tax.

If you are looking for a house in Spain, but don't know what you want, buying a home can be a long process. Before sitting down to look at idealista, establish a budget, your ideal house type and the area that suits you best.

The Spanish real estate market is on the rise. After a tough 2020 marked by the outbreak of the coronavirus pandemic, the economy picked up again in 2021.

When looking for a mortgage, every bank is likely to tell you that theirs is the best fit for you. However, it is clearly impossible for every bank to have the best mortgage. As is logical, each bank mostly tries to promote the strong points of its product to potential customers.

With the real estate market in Spain seeming to have weathered the effects of the coronavirus pandemic, and investment in property on the rise again, it's no surprise that housing prices are again increasing.

Home swaps have been growing in recent months in Spain, as a result of the emergence of covid-19. This alternative to traditional sales and purchases have now totalled 1,230 transactions between January and September, according to the INE.

As we had published in idealista previously (Andalusia lowers taxes, including Property Transfer Tax and Stamp Duty -13th May 2021), Andalusia slashed its taxes on buying property (both on resale and off-plan property) in a bid to combat the adverse effects of Covid-19 in the economy.

When someone is looking for a new home there are two main criteria: that the property suits their needs and that it fits within their budget. Depending on your own needs, finding a property that can meet them might be relatively easy, but the economic side of things is often more complicated, e

If you have a mortgage and wish to modify the initial conditions with which the loan was signed there are two options you should be aware of: subrogation and novation. They both have similarities to each other, but when it comes to modifying your mortgage it is vital to be aware of the importan

Natural light, good orientation, a spacious living room and kitchen, terrace or garden, large rooms, a quiet location and an efficient home.

How long do Spanish banks take to grant a mortgage? This is one of the most frequent questions asked by those who are in the process of buying a house and need financing in Spain, both for residents and non-residents applying for a mortgage in Spain.

The process of finding, negotiating and signing a mortgage in Spain can be complex and stressful. This is especially the case if you're not from Spain or are taking out a mortgage in Spain for the first time.

What are the pitfalls of buying property in Spain?

When looking for a property, the first things we tend to focus on are the location, surface area, condition and price. However, there is another determining factor that often goes unnoticed and is especially important when buying a property in Spain.

If you're buying property in Spain and are planning to take out a Spanish mortgage, whether you're from Spain or not, then you may have heard "Euribor" mentioned a lot by Spanish banks. But what is Euribor and how will it affect you if you take out a Spanish mortgage?

In Spain, the "contrato de arras", known in English as a deposit contract or deposit agreement, is a fundamental document and, in most cases, an essential requirement to seal an agreement for the purchase of a property in Spain.