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Guide To Buying In Spain
Guide to Buying in Spain
Location, Location, Location
 Location is always important when buying a property. Everyone has a different reason for buying, maybe to live permanently, purely as an investment and for holiday lets or just for your holidays. Your family circumstances will also determine the ideal location i.e. schools and local entertainment or sports activities. Ideally, your new home should be within easy access to airports to make it easier for you and other visitors.
If you are planning on renting your property, you need to do some research on the local rental market. Coastal towns have always been popular, but inland within 15/20 minutes have also become very desirable for holiday makers, especially families and out door types.
Also, know your types of houses which will help you choose the right property, whether it be an old traditional finca, an apartment, a villa, a town house or off plan new build development opportunity.
The Costa Blanca North offers a warm and healthy climate, very easy access to the UK and other European destinations, low cost and high quality standard of living. There is an established and safe legal framework within the property market here, which gives peace of mind and comfort that you are in safe hands and the low interest mortgage rates are very preferential.
In the north, you can find the more lively resorts of Benidorm and other coastal towns from Valencia to Alicante or opt for the more traditional and Spanish towns and villages slightly inland, which are becoming more and more popular. Expat communities exist in many of the towns, so if you are relocating permanently, you will have some home comforts awaiting you.
Premier's Step by Step Guide to buying your home in Spain
Using Premier makes it easier than ever to buy a house in Spain. We ensure you avoid all the possible pitfalls by guiding you through the process from start to finish, and even beyond with our after-sales service, so that buying in Spain is an enjoyable and stress-free experience.
The house buying process in Spain usually takes far less time than in the UK and should follow clear cut stages. Buying in a foreign country is always a minefield when you are new to the system and unprepared for the various hurdles along the way. What's more the regulations vary according to the region and even the municipality and you need to be alert to the potential hazards.
Knowing what documents and information you need to gather and what to ask to whom throughout the process is also essential to ensure you get the best deal and a property without problems.
Premier is a solution based organisation which offers a one-to-one service to identify and fulfil our customers needs.
- Buying through Premier assures you the widest selection of properties available with an accredited network of agents, offering you choice, integrity and trust.
- Premier can organise individual Inspection Visits including accommodation tailor made to suit you and arrange viewings of a wide selection of properties that suit your requirements and budget.
- Before you sign anything or hand over any money, you need to agree on more than just the price. Premier will also assist you in establishing the completion date and what fixtures and fittings are included in the deal.
- Once you are happy with the property, a reservation deposit of €3000 is payable and an Initial Reservation Agreement is signed. Normally within 14 days the balance of 10% of the purchase price is due and a Sales Purchase Agreement is then signed and the property is officially withdrawn from sale. Completion normally takes place within 8 to 12 weeks but can be sooner or later.
- Premier has excellent relations with local reputable English speaking lawyers who are essential to assist you throughout the legal process.
- Beyond the obvious costs involved in buying a property, there are other considerations you need to allow for including taxes, legal, notary, registry and administration fees. We would recommend that you allow 10% on top of the purchase price for these costs
- Premier has links with several leading Spanish banks who offer mortgages and can advise on the best deal to suit your circumstances. Not forgetting, of course our qualified in-house Wealth Management & Financial Services Division.
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