Exhibition & Office
National road N – 332
Industrial zone, El Mesell nr. 8
El Campello, Alicante

Telephone
+ 34 699 77 52 33
+ 34 965 63 62 47

 

Spanish Property

Purchasing Procedure and Terms

The process of buying a home in Spain is fairly straightforward and is designed to protect both the buyer and seller. When you are ready to buy and have chosen a property, you will be asked to pay a holding deposit (usually 3000 Euros for resale properties or 5% for a new home) and to sign a purchase contract. As soon as this is in place the purchase price cannot be altered and the property will be removed from the market. New property purchases will require a further 25% 30 days later with the balance due on completion. For resale transactions 10% of the purchase price becomes due within 30 days and the balance paid upon completion.

Completion times will vary and are negotiable with the vendor. Average times are between 8 and 13 weeks.
Mortgages
Spanish or English mortgage options available. Like England there are many types of mortgage available options available and it is therefore important to research best option for your own personal circumstances.

Legal
Houses in Spain can put you in contact with a reputable English speaking Spanish lawyer who will be able to assist you in the completion of your property purchase.