Buying a property on the Costa del Sol Spain

Buyer’s Guide

This guide is a summary of the buying process in Spain, together with helpful advice and information to consider. Click on ‘more information’ for full details, or download the full guide here.

1. Define your Needs

This is the first and perhaps most important part of the process. Clearly defined personal requirements and property characteristics will provide you with a brief that you can give your estate agent so that they know exactly what you are looking for. (read more)

2. Arrange Your Finances

Having your financial arrangements in place before you begin looking for properties is a tremendous advantage, particularly if you plan to finance your purchase with a mortgage. Forward planning helps you determine your budget, secure a mortgage that suits your requirements and to be in a strong negotiating position when you find your ideal home. (read more)

3. Finding a Lawyer

Ideally, you should find an independent, English-speaking lawyer at the outset of your of your property search. Finding a competent lawyer at this stage ensures, as with your finances, that when you find your perfect property – everything is in place. Use a lawyer that is recommended by a friend or an independent, trustworthy source. (read more)

4. Selecting an Agent

A good agent will listen to your needs and use their skills and knowledge of the property market to select property that is suitable. They will also detail the services they will provide in addition to finding your property, such as translation services, accompanied visits to the notary, after-sales support etc. (read more)

5. Legal Searches / Due Diligence

Once you have identified your property, it is the responsibility of your lawyer to undertake some necessary legal searches to ensure the property belongs to the vendor and is free of any charges* and encumbrances. The appropriate level of due diligence will vary according to the property type, age and location. (read more)

6. Legal Formalities

There are various types of legal contracts that you can use to formalise an agreement with the vendor, before you complete a purchase. Your lawyer will usually recommend the most appropriate contract according to your objectives and the terms you agree with the vendor. The form and legal significance of these are explained below. (read more)

7. Transaction Costs

In addition to the cost of the property, there will also be other associated costs to pay. These transaction costs vary according to the type of property, area and whether or not you will use a mortgage. As a general rule, transaction costs average 10% of the price of the property, but can be as low as 9% or as high as 14%. (read more)