Closing the sale of a property in Spain

Do you want to sell your house but are unsure of the costs involved? Unfortunately, there isn't a simulator that automatically calculates this, as it depends on various factors.

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.

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.

Congratulations, you have found a buyer for your Spanish property! You should now instruct a lawyer to represent you in the sale, particularly if you are non-resident in Spain. To secure the deal, your appointed lawyer will require from you a long list of documents you should have ready at hand.

Renting with the option to buy is one of the most recurrent contracts today in Spain, although it isn't as easy as it seems. It is an atypical complex contract, which has no specific legal regulation, as it is a contract that contains two legal businesses (renting and purchase option).&nb

Having doubts about whether you should buy or rent is very common. On one hand, buying a home in Spain requires a significant initial input of money, but on the other hand, spending your whole life paying the rent on a house that you will never own is not necessarily an appealing option.

With the upward trend in property prices, buyers want to find their dream home without going overbudget. As such, the key is to get the seller to lower the price of the house.

There’s always loads of legal stuff involved in buying any property, but as a foreigner in Spain you’ll have extra paperwork to do.