Buyer´s guide

Practical Advice

1. Obtain information about the future of the area.

If it is a new area, it is especially important that you collect information from the Town Hall (Ayuntamiento) about the planned developments or urbanization that will affect the area.

2. Additional Costs:

We recommend that you budget for an additional 10-12% of the purchase price to complete your purchase; this amount will include 7% IVA (Spanish VAT), Mortgage fees, Solicitors fees and Notary fees.

3. Very important!

All the money you will be paying until construction has been completed must be guaranteed by a Bank or a Savings Bank, so for your safety we will always provide you with banker’s reference.

4. NIE number (Numero de Identidad de Extranjeros).

When you choose to buy a property in Spain you need to obtain a NIE number (Numero de Identidad de Extranjeros), This is a fiscal identity number for foreigners. This is a necessity for anybody who is looking to buy or sell property in Spain but can be easily obtained. You (nobody can do this for you) should go to the Extranjeros department in the closest police station to you, and complete the application form . Remember that you must have at least one recent passport photo to give along with the form, and it is a good idea to take a photocopy of valid identification.

5. Construction specification.

When the Property in question is still on-plan and the sale is being processed before construction begins, you should ask for a ´fixed plan´ and the construction specifications. The plan should indicate the construction area and the total floor area of the property. The construction area can be 15-20% larger than the floor area. The floor area indicates the meters squared of the property, including terrace, patios and galleries.