Holidays - Buying a Property in Spain

Every year, thousands of Britons choose to headneeded for the mortgage. These include evidence of
abroad, with many flocking to sun-kissed destinationsassets (bank statements, work records and tax
in order to catch a bit of sun and relax.details) - ensure you speak to your bank to find out
Many have been tempted by the areas wherewhich documents are required.
they've taken their holidays, so much so that they- If you have any doubts about the structure of the
decide to relocate to their favourite destination.property or loans, it can be worth hiring an appraiser
If you're looking to buy a property in Spain, research(which can usually be done through the bank) in order
is essential in order to ensure that the property isto ensure everything is secure before you seal the
able to be built and that there are no hidden catches,deal.
which could potentially leave you out of pocket.- After signing the contract after certification from a
There are now a wide range of companies, offeringnotary, it's essential to sort out the tax details for
Spanish property tips for a range of different sizedyour property, and ensure that it's registered with
properties - from hillside villas to apartments - all overthe town's council; your estate agent or property
the country and to suit all tastes.buyer can usually offer help you sort out these
Once you've decided on the property of your choicedetails.
it's advisable to check a few things before rushingBuying properties abroad can be lengthy and
into any deal.expensive. Indeed, there has been no shortage of
- Obtain details of the property from the Propertybuyers' horror stories, from land disputes to bogus
Registry (Registro de la Propiedad) to find out if itagents. Many companies will offer a Spanish property
belongs to the seller, is free of debt and matchesbuyers guide, which can be a useful read for those
the descriptions given on the property details.who are thinking of purchasing properties.
- Ensure that a pre-agreement contract is in placeBy putting time into your research and ensuring that
until the deed of purchase is available. This usuallyall credentials are met, you can be successful in
confirms interest in buying a property and depositssecuring your dream property abroad, which will
that need to be paid to secure the property.ultimately lead to many more happy holidays for you
- Ensure that you have the relevant documentationand your family.