The process of purchasing property in 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.
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| 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. |
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