Buying Expenses
Expenses (very different to the UK)
You will need to take into account unavoidable extra expenses when buying a house in Spain. These include the Estate Agent’s Commissions, the services of Spanish Lawyer, (not a requirement by law but highly recommended) taxes, possible mortgage expenses and, most importantly, the services of a notary. The Notario is the person responsible for drawing up the deeds (escritura), the taxes due (Registro Catastral) and the registration of the names of the new owners in the Spanish property register (Registro de la Propiedad). And the tax register (Registro Catastral); he charges the fees to the seller and buyer, according to a the schedules set by the government.
Translators
We feel if you engage a recommended Spanish Lawyer then you should not require a translator however we can translate on your behalf or you may hire one locally
Exchange Rates
Britain does not participate in the Euro currency, the rate of exchange between pound sterling and the euro will vary and may be of concern to people considering buying or selling property in Spain. If you want to avoid having to check exchange rates daily, consider paying for the services of a professional exchange company that can get the best deal for you however you want to pay.
Legal advice
Take care and get legal advice before signing any documents. We recommend good English Speaking law firms that show all costs upfront. A large amount of property in Spain is sold before building has even started, in which case you will need to get proof of the planning permission and plans of the property, and often non residents can sign contracts believing they are expressing only a formal interest in building plans but in fact they have signed legally binding contracts to a house sale.
