Spanish property for sale in Costa Blanca South, Costa Blanca North Costa del Azahar, Costa Almeria, Costa de la Luz, Costa Tropical and Costa del sol property for sale in Bulgaria, Tenerife, Portugal, Turkey and Cyprus.

 Frequently Asked Questions

Learn all you need about living in Spain Click Here! Buying Property in Spain can cause some worries and concerns, especially if it is your first purchase of Spanish Property, so we have listed some of the most frequently asked questions that are asked.

We have been wanting to purchase a property abroad for some time now, and have noticed that the prices are increasing fairly rapidly. We will not be in a position to buy our property for another six months or so. Can we do anything to hold the prices as they are now?
Generally yes you can. Although each individual company will operate individual policies, it is usual to be able to pay a deposit to secure the price of a new build property.  New Builds will have stage payments which will be discussed with you at the time of purchase, so often after the first one or two payments the balance can be paid at a later date.  This is not so easy with a resale property, although it is always worth discussing this with your agent.  Do bear in mind that if for any reason you decide not to proceed then the deposit is non-refundable.

Are there other fees to pay out when we purchase?
There are various fees to pay on your purchase.  Please check with the agent, but we would suggest that it will be around 10% of the purchase price for property to buy in Spain.  This is only a rough guide, and the amounts relevant to your own purchase will be explained to you before you buy.

We have heard all sorts of stories about foreign legal systems. Will we be helped with this?
Spain has a different legal system to that in UK. It is generally part of the package that advice is given to you. We would always recommend that you employ a solicitor in the country in which you are buying your new property - as they will know the law in their own particular country better than anyone.  Try not to use the same lawyer as the developer uses, it is always best to go for an independant lawyer who is only advising you.

We would need to sell our UK property to assist our purchase. How would we proceed?
As explained in the previous answer, in order to go ahead with your purchase of a new property, you would have to have about 40-50% of the purchase price available within about 30 days of signing the contract (the exact figures and times do vary between developers). The balance would be payable on completion. If your finances are not arranged to do this, the other option would be to sell your UK home first and then either rent in your chosen country, until you found the right property, or alternatively you could concentrate on buying a re-sale as they are generally ready to move into in about 30 days or so. You may find it helpful to visit the area yourself, as a self traveller, and you can then arrange to view both the area and properties. Prices do change rapidly, and any property you may see now could have either been sold, or have increased in price within a few months, so you really need to keep upto date with prices.  Really  you need to keep in close touch with any agent you use, as they will be able to keep you updated with prices and availability of property for sale in the town or village you have chosen for your property investment.

We would like to use our property for family holidays, but let it out when we are not using it. Is this possible?
Yes, but again ask your agent.  Countries such as Spain, Portugal, Bulgaria etc are very popular holiday destinations, and this is quite a common way for clients to cover their outgoings (like electricity, gas, water, and the equivalent of our community charge).