Live La Vida Loca! Buy Your Ultimate Spanish Dream Home

Spain is famous for being a popular destination for expats who are specifically looking for climate as well as high living standards.

Approximately five million foreign-born residents live in Spain, a country with fewer than 47 million people. Of course, some immigrants relocate to Spain for work or to secure a better future. Yet, many foreign people move to Spain to enjoy the Mediterranean lifestyle and high quality of life.

Are you thinking of buying property in Spain? If so, this post is the guide to buying property in Spain!

Where Will I Buy A House In Spain?

Spain is divided into 17 autonomous regions with a unique landscape, culture, and cuisine. Some areas even have their official language! How can you decide which is right for you?

For starters, you should do some research on these popular areas in Spain:

• Alicante
• Murcia
• Andalusia
• Valencia
• Balearic Islands
• Madrid
• Seville

Learning more about the lifestyle and location of these areas within Spain will help you determine whether they are the best choice.

Once you find an area you like, you can narrow your search to a specific town. For example, if you are looking for a luxurious vacation home near the sea, you may Choose Marbella.

How Can I Find Property In Spain?

Browsing online property listings will help you understand the local real estate market. Even if you aren’t ready to pull the trigger, knowing the market will help you spot a deal quickly!

Of course, it’s best to work with a real estate agent when buying property abroad since they can walk you through all the legal procedures. So, once you are ready to find the home of your dreams, contact a local agent who speaks your language.

It is easy to buy a property in Spain. There are various websites and real estate agents who are ready to cater to almost every language and nationality. This includes:

• com
• Kyero
• Servihabitat
• ThinkSPAIN
• BCN Life.

You can also find Spanish housing by listening to various British real estate websites. However, these listings mainly include holiday homes. So, it would be helpful if you visited a Spanish site.

You can buy a property before you arrive and then move in directly. However, there are risks of its own kind. It is necessary to view the property before you plan to purchase it, even if it will take you a week or even a month to inspect.

What Are The Procedures For Buying Property In Spain?

Buying a new home in Spain can be a complicated process, much like anywhere else. However, you must take a few extra steps as a foreigner, including acquiring your Spanish NIE (número de identificación del extranjero). This number permits you to carry out transactions in Spain.

Furthermore, you may open a Spanish bank account, which will speed up the process and potentially save you some commission.

Moreover, as a foreigner, you must understand the process! Learning about each step in the home-buying process can help you identify scams.

Here is what you can expect when purchasing property:

• Buyer makes offer
• Seller accepts offer
• Buyer pays deposit
• Buyer secures mortgage
• Both parties sign contract
• Buyer pays total sale price
• Buyer pays property taxes

Again, it is best to work with a reputable agent who can give you real estate advice in Spain and ensure that everything goes as smoothly as possible.

The Overall Cost Of Buying Property In Spain

When you are thinking about buying property in Spain, the price can be influenced by the place where you want to live.

In places like Madrid or Barcelona, the overall cost of a home is specifically very high. Meanwhile, houses near the seaside can be very expensive.

However, the real estate market in Spain offers a huge variety of housing. This means you can have plenty of options that can fit within your budget.

The Disadvantages Of Buying Property In Spain

Till now, we have discussed the best places where you can find property in Spain. We have also discussed the estimated cost of buying property in Spain.

But there are a few points that you should consider remembering to avoid falling into scams or facing issues while buying property in Spain.

• You can consider asking for local advice. Try to look for local advisors and property lawyers who have a clear understanding of the real estate market in Spain. The local advisors also have the experience to work with the foreigners.
• Always check if your realtor is properly registered or not. A realtor who has registered will be associated with professional bodies like the API Association of Spanish Realtors.
• Check if all the diligence checks have been carried out on the property or not. This will help you know if anyone is selling any property that has been built illegally.
• You can go for a survey to check the construction quality. This will help you to avoid high repair bills.
• Do check everything before finalizing a deal. Even a good-looking deal might turn out to be a scam. So, make sure to check it.

One Step Closer To Your Spanish Home

No matter if you decide to settle in the lush mountains of Asturias or the warm beaches of Marbella, you are one step closer to the home of your dreams! With these tips and the help of an experienced agent, buying property in Spain has always been challenging.

Where would you like to purchase real estate in Spain?

For more advice on buying a home, check out more of our exciting content!

Read Also:

• What You Need to Look for When Buying a Property on the Coast
• Analysis Of The Real Estate Market In Ciudad Quesada, Spain
• 5 Maintenance Tips To Keep Your Water Tank Clean