Buyers guide to Spain - The process of purchasing property in Spain
Buyers guide to Spain
Buying in Spain is similar to buying in the UK to the extent that there is an offer and acceptance procedure, which is usually followed by an exchange of contracts and completion at the Land Registry.
However once terms have been agreed and an offer accepted, then the transaction is legally binding. Your appointed lawyer will carry out the necessary searches at the Land Registry and the Town Hall to check for undisclosed charges and encumbrances. Once satisfied, he/she will arrange for you to sign the contract.
At the time of completion both parties or their legal representatives appear before a Spanish Notary who draws up the Transfer Deed. The deed is signed and the balance of the purchase monies handed over in exchange for the keys. The Transfer Deed is then registered at the Land Registry and you will, in due course, be issued with the Title Deeds.
Encouragingly then, the process is relatively straightforward compared to buying property here in the UK . There are some subtle differences, notably in the role of the Notary in the signing of the public deed of sale.
Our International division will be able to answer any of your questions regarding the practicalities of living in Southern Spain as a holiday destination, or when considering the area as a viable base for business, retirement or any other type of full time relocation.