Buying process

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.

Prefabricated homes, factory-built houses, modular homes… the vocabulary surrounding this type of construction is very broad and increasing all the time due to the ever greater role they are playing in the real estate market across the world. This type of property is also increasingly popular i

A nota simple is a legal document you will often hear in Spain. In this short post we give a brief outline on what it is and why it is so useful.

Unbeknownst to most non-residents, on buying property in Spain, you automatically become liable for a series of property-related taxes.

You may be mulling the idea of acquiring a Spanish property taking advantage of today’s ultra-low prices - but you need a mortgage loan.

If you are serious about buying a property in Spain, then as well as carefully searching for the right property, it is also highly important to do your research when it comes to getting a mortgage in Spain if you plan to ask for financing.

We frequently get asked by our foreign clients if gazundering and gazumping are both allowed in Spain. In this short blog post we’ll address both. Gazundering This is typically a strategy to lower the sales price moments before completing on a property before a notary.

Spain attracts people from all over the world and for a range of reasons: studying, retiring in the sun or moving for work, to name a few.

Experts have been saying for years that negative interest rates will be around for a while. And, according to Gonzalo Cortázar, CEO of Caixabank, this scenario could continue throughout the decade.

The coronavirus crisis has changed the preferences of many Spaniards and expats living in Spain: some are now choosing to look for a house on the outskirts of big cities, while others are heading to the countryside to have more space and breathe the fresh air.

Spain continues to be a favourite destination for expats and foreigners, with an increasing number choosing to buy all over Spain, the most popular destinations for foreigners still being the Spanish “costas” and islands.

One of the best ways to buy a cheap house in Spain is to buy an off-plan property. An off-plan property is simply a property that hasn’t been built yet, something that is on the rise in Spain. During the recent coronavirus crisis, the construction sector of new houses in Spain has tak

You may have heard the term ‘snagging’ before and may be wondering what it means. Snagging is an informal expression used within the construction industry which is used to describe the process of defect identification and resolution on buying off-plan properties.

The coronavirus crisis has seemingly not stopped the demand for home ownership in Spain.

From Monday 4th May, real estate agencies have been able to open their premises subject to prior appointment and give personalised attention to clients in Spain, as was established in phase 0 of the measures to lift the coronavirus confinement.

On buying off-plan property in Spain, it is normal to make a 30 to 40% down payment in instalments and the balance is paid at completion, before the notary. Regarding down payments, they are structured as regular stage payments made to your developer.

You may have heard the term ‘Licence of First Occupation’ (LFO, for short) before and wonder what the fuss is all about.

idealista has added a new search filter that allows the user to view only those listings that have a "virtual tour". These are listings that, in addition to photos, use the latest technological graphics that allow you to visit a property from the comfort of your own home.

This article is our follow-up to our recent article, Possession: why you should never hand over your house keys before completion – 12th March 2020. Congratulations, you finally bought a house in Spain and you are all giddy at the thought! It is an exciting moment for a buyer.

Aedas Live is being presented as the solution to overcome the mobility restrictions imposed by the government on citizens due to the coronavirus crisis.

Disclaimer: this post is of general interest only and is not to be construed or intended as substitute for professional legal advice. Seek legal counsel on your matter. You have fallen in love with a property in Spain and now it’s time to take the dip and sign the contract!

If you have managed to find the property you were looking for in Madrid, congratulations. However, keep in mind that the buying process can be frustrating in another country especially if you don't know the market or the specific laws in Spain that apply in this area.

1. Hire a conveyance lawyer Before paying a reservation deposit to an estate agent or developer (which are normally non-refundable), you should first hire a lawyer specialised in conveyancing.

The purchase of a holiday home may sound nice and glamorous, but you have to leave the fantasies aside to take on this purchase like any other property.