Buying Spanish property

Buying a Spanish property?

Buying a Spanish property- Your welcome

The Spanish authorities have made great efforts to increase the number foreign tourists and residents alike.

Therefore, if you are looking to invest and rent out your Spanish home, for holiday purposes, this would be a great time to buy.

Additionally, and due to low European interest rates, now is a really good time to buy.

Spain now derives more of its foreign income from tourists than any other country in Europe.  

Therefore, Spain welcomes overseas buyers and tourists alike.

On the other hand, the x pat community contribute immensely to the Spanish economy.  

This of course is a major factor in welcoming overseas purchaser.

Buying Spanish property, know the facts.

A comprehensive and independent guide to buying a Spanish property can be found on the UK Gov website. 

https://www.gov.uk/guidance/how-to-buy-property-in-spain

This guide is independent and will be a worthy reference for you.

It is equally important that you review all the independent advice you can access.

In addition, finding a professional property agent is essential.

Also, mistakes have be made and many sellers are now having to pay substantial fees for their properties to be legalised.

In reality, it’s a great idea to choose your agent carefully look for AIPP accreditation. 

Furthermore, misleading advice has caused many heart-breaking situations.

Buying Spanish property, beware!

A UK estate agent would not take you for coffee .

In addition, they would not discuss their competitors or clients with you.

Furthermore,and regardless of how nice your Spanish agent seems, take the offer for coffee as a warning sign.

Beware of unregulated Estate Agents (look for AIPP badge)

In addition, avoid  low cost “bogus solicitors” that might try tooffer you cheap “special legal packages” and agents who insist you use their dedicated solicitor.

Ultimately, saving a few hundred euros in the short term may cause financial and legal dire consequences later on.

For example, the property maybe illegal, or be affected by breach of planning laws (resulting in heavy penalties, fines or even demolition).

We are still providing support for client sellers who have been the victim of irresponsibly andunreliable legal advisors andagents. Similarly, andvery worryingly we know of agents who are still applying questionable practice, selling properties that are still illegal.

North West Murcia Properties advice that

 
  1. All property particulars, included on this site, are a general outline for guidance and do not constitute in whole or in part an offer or a Contract.
  2. Reasonable endeavours have been made to ensure that the information given in these particulars is accurate but any intended purchaser should satisfy themselves by inspection, searches and survey as to the correctness of each statement.
  3. No statement in these particulars is to be relied upon as a statement or representation of fact.
  4. Neither North West Murica Properties nor anyone in its employment or acting on its behalf has authority to make any representation or warranty in relation to any property advertised.
  5. Nothing in the property particulars shall be deemed to be a statement that the property is in good repair or condition or otherwise nor that any services or facilities are in good working order.
  6. Photographs may show only certain parts and aspects of the property at the time when the photographs were taken and you should rely upon actual inspection.
  7. No assumption should be made in respect of parts of the property not shown in photographs.
  8. Any areas, measurements or distances are only approximate.
  9. Any reference to alterations or use is not intended to be a statement that any necessary planning, building regulation, listed building or any other consent has been obtained.
  10. A non returnable  €1000 deposit will be required should a purchaser wish for any property to be removed from sale pending the drawing up of the sales contract. Should the purchaser withdraw from the sale this deposit will be used to cover expenses incurred.
  11. North West Murcia Properties do not carry out conveyancing.
 

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