spanish property resale solution
SPANISH PROPERTY - THE BUYING PROCESS

In Spain the buying and conveyancing of Property can be far simpler than in the UK and is often be completed within six to ten weeks.

Resale purchase procedure

A Spanish resale property is normally secured by signing a reservation contract and paying a three thousand Euro holding deposit (approximately £2000) at the time of acceptance of offer.

As in the UK a Solicitor (Qualified Spanish Solicitors are known as Abogados) will be appointed to act on your behalf.

Completion in Spain is generally in around 8 weeks and must, according to Spanish Law be witnessed by a qualified Notary. At the point of completion the balance will be paid to the vendor in full. A Spanish mortgage is often raised to facilitate the purchase, this will also usually be disbursed by the Notary.

77