How to Buy a House in Spain

How to Buy a House in Spain

Written by Katie Cullen
Written by Katie Cullen
3rd November 2017 (Last updated on Monday 4th June 2018)

If you have already made the decision to move to Spain then the biggest decision has already been made. Spain is a great choice and an extremely popular spot for UK expats. The sunshine, the sangria, the siestas… hold up while we pack our bags and join you.

When you are buying a house in Spain, it’s not so easy to pop into an estate agent! Also, there is a defined way you finalise your purchase and most of the interaction and the paperwork through the entire process is in Spanish! But worry not, we are here, with the help of Pinto-International to tell you all you need to know.

So, where do you go for help? Who will be there to answer any questions or queries? Who will help you with the buying process? Who is going to give you personal service?

An independent Spanish property expert will be able to take you through the whole process from choosing the house to the final purchase and still be there for you once you have taken ownership.

After speaking to the pros at Pinto International, we were surprised to learn that so many people think they only need to book a flight and a hotel then, a few weeks before going, start to consider what they want. Hard to believe.

We were told that some have even booked flights to airports that aren’t close to their search area because they didn't really know where they wanted to look. This is madness so heed our words and remember that anything worth doing is worth doing properly.

Questions to ask yourself

  • Where in Spain do you want to buy a home?
  • Do you know the different areas within that region?
  • Do you know what is available within your budget?
  • Do you know why some properties which seem the same aren't the same price?

In Spain you will also need:

  • Licences (bear in mind these will be in Spanish)
  • An English speaking lawyer
  • An NIE number (tax identification number)
  • To be able to exchange and transfer money
  • Be aware of taxes involved in the house purchase
  • Be aware of notary fees and other charges

Important Tip

NEVER buy your property in Spain by using CASH  -  either totally or in part. Firstly, it is against the law and secondly, despite what you will probably be told by the others, you will only be helping them and not yourself -  it will actually cost you more.

Helpful Tips for Buying a House in Spain:

  • Do your homework, don't leave things to chance.
  • Be realistic in regard to budget and what you can get for your money.
  • Remember that property you have your eye on may not still be available if you are not going to Spain soon. Just as in the UK, properties are selling and the market is constantly changing.
  • Deal with an independent agent who knows the market and who is working for you

Know the Region

Obviously, knowing the region is incredibly important when buying abroad. If you don't know a region or you have only seen it from a holiday perspective, it is important to gain advice from an agent who has first-class, local knowledge.

Beware the rose-tinted spectacles with a relaxed holiday mood as this can cloud your judgment.

How do you know if it is the ideal area for you? This is where help before you go, can save some sticky journeys and wandering around to find properties. Even more so if you are moving with children who only want to be in the pool or on the beach!

A final pearl of wisdom from Pinto International

“Many people are under the misapprehension that it will be cheaper to buy online. This often is not true as most properties are advertised by agents who naturally are paid commission. Buying directly from the developer will not mean that the price will be lower as they have their in-house agents to pay.
Whether you started with an agent or did it yourself right up until the final buying stage, it is likely you are going to pay the same price for your property. So, in the long run, the price is the same but minus the expert advice and help to search through hundreds of properties to separate the wheat from the chaff". 

As independent property specialists, Pinto International are not tied to any one developer or builder so can offer customers a wide range of properties throughout Spain. 

If you are moving to Spain, make sure you are getting the expert advice you need and be sure to compare the cost of international removal companies at Compare My Move.

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