Road to buy a Property in Spain.

If you are considering to buy a property in Spain,  LuxuryForSale.Properties is considered one of the most trusted  Exclusive Real Estate Agencies in Marbella, Costa del Sol, Balearic Islands and other “Prime Locations” in Spain. Our properties for sale portfolio features the most distinctive properties for sale and rent.

Making the dream a reality. Buy Property in Spain.

We all know the American Dream but what about the Spanish dream?  The American one gave all hope with its ideals of equality and freedom. Well, I know that I am moving closer to fulfilling my Spanish dream. This dream means my personal freedom and happiness rather than a grey and colourless one.

Dreams can become a reality. But sometimes, as the cliché goes, you have to take a plunge. A life without risk maybe safe but it would be incredibly dull!  Therefore, I am going to live in a place which values sleep, doesn’t work to a perpetual schedule and is bathed in sunshine. In fact, I am going to be nourished by tiny plates of food and celebrate rarely paying over 2.50€ for a glass of red (and often much less).

The dream plan:

Firstly, I have decided my exit date. Funnily enough Brexit has helped to guide my diary. As the politicians seem incapable of giving any firm ideas as to the rules post Brexit, seems safer to go before. However, I suspect that even after Brexit, Spain and UK will work something out. Well, I really hope so!
Now I have my date, this dream plan just got serious.

The Buying Process in Spain.

Your arrival in Spain signifies the end of your planning and the beginning of the exciting hunt for your dream home. We hope that you arrive with an open mind as house hunting ‘Spanish style’ can provide some unexpected surprises.

Our expert staff will have narrowed the Spanish property search down and your agent will be eager to show you those Spanish properties for sale that best match your requirements. We recommend that you look at a few Spanish properties and make comparisons to ensure that when you make your decision it is the right one. With so much property for sale in Spain we want to find the best property that we can within your budget and the more houses you see, the more sure you will be when we do find your dream home.

Deposit payment can be made by credit card or bank transfer and will be held in your name. We don’t recommend that you carry cash in your pocket but do ensure that this sum is readily available as a delay could mean your dream becoming another persons reality. Payment of this sum fixes the price of your Spanish dream home, confirms your intention to buy and means that the property is taken off the market and reserved for you.and will stop you getting gazumped.

Do be aware that you will need to pay taxes and fees amounting to about 10 or 11 per cent of the price of your property when you buy in Spain. This should be considered when calculating your budget.

A date with Spain

Like with any date I’ve ever been on, especially when I’m excited or interested, I get myself date ready. On my list of pre date preparations are:

• Where to live. Location and property.
• What to live on? Jobs as well as tapas.
• What to bring, what to sell, what to throw away.
• How to deal with Spanish paperwork and stay sane

In fact, do not get bogged down with lists.  Simply, focus on just going there.  Remember the ultimate goal is a relaxing life in Spain.

Sough After Areas in Spain.

Making an investment in Spain is a very appealing option for many investors looking for investment opportunities in Europe. Real estate is currently the most fashionable investment asset:

– The Balearic Islands: Menorca, Mallorca and Ibiza; are amongst the most popular holiday destinations in the whole of Europe and their excellent climate, beaches and natural beauty attracts visitors and investors form around the world.

– The Costa del Sol is a region on Spain’s southern coast, in the autonomous community of Andalusia, is made up of the coastal towns and communities along the Mediterranean coastline of the Málaga province and it’s one of the most popular travel destinations in all Europe.

– Madrid and Barcelona.

Embrace others…twice…on the cheek

Spain is a very passionate place. People are friendly, and knowledgeable. The best advice I have had is from people who have already followed their dream to Spain. Such as rent first before committing to anywhere. Sometimes, you will visit a government office.  Remember to take snacks and every form of paperwork you have ever owned. It will not be enough. Luckily, I already possess a NIE from my last time there.

The British way is steely stoicism with no direct eye contact. Thankfully, this is not the Spanish way. Kiss twice to almost everyone you meet. This can cause moments of discomfort for the average Brit but it has to be done.

Remember, if you get olive oil on a dress in a bar, several Spanish grandmas will physically manhandle you and argue the method of treatment. Phone numbers are offered liberally with honest and open offers of assistance. Stranger danger is there, of course.  Spain is a real place, not a dream. However, there is a sense of openness in Spain that’s certainly not British. So get your lips puckered and embrace a Spanish life.

If you can dream it, you can do it.

Dreams need determination, graft and action to become reality. Or they stay as dreams. I’m lucky. Furthermore, I’ve made great friends during my explorations.

Finally, this dream can not work unless I do. And work I will.  This type of work is no chore.  Ultimately, I want to live out the last 25% of my life in a place where everyone, regardless of age, can dance in the streets. Simply, I want to wake up to blue skies and sunshine. Spain is my dream and my reality.

Great Investment.

Buying a property on the Costas del sol will always be a good investment as property in the Balearics remains highly rentable. With prices on an unstoppable upwards trajectory due to high demand and low supply, higher construction costs and a rather limited planning consent by the local authorities, it will be interesting to witness the evolution of our local luxury market in the next decade.So purchasing property on the Costa del Sol whether for investment purposes or personal use will guarantee you returns on your Marbella property.

Obtaining a mortgage

We recommend Intenational Mortgage Solutions, a top quality Mortgage Broker for Spanish Mortgages

If you are buying an off-plan property the developer may offer a mortgage with very favourable terms and conditions.
It is important to select the mortgage that is right for you, taking into consideration your personal circumstances. It might be that you prefer to raise capital in your home country before arriving in Spain. Do let us know if you require a Spanish mortgage so that we can advise you prior to your departure to  bring with you all the necessary documentation and receive the expert advice you need.

If you require a mortgage and prefer to use a Spanish lender you can take a mortgage over 10 – 30 years depending on your age. Generally your repayments must not exceed 35% of your net monthly income or joint monthly income if two people are applying. costs involved can amount to 3 – 4 per cent of the amount you are borrowing. Take advantage of the tips and advice when buying property in the LuxuryForSale.Properties. Join free for the best investment property advice and access to exclusive property deals.

Signing at the Notary

The final stage of your property in Spain purchase will be formally completed before a Public Notary when the vendor signs the property over to you. You will exchange your final payment for keys to your new home.

You must also pay 7% transfer tax or 7% VAT plus 1% Stamp Duty if you are buying from a promoter or developer as well as notary fees which may range from 300 – 1.000€ depending on the price of your property, and fees to register the property of about 60% of the notary charge.

You may like to receive advice about whose name to put on the title deed. Due to quite complicated inheritance taxes it may be in your best financial interest to discuss this. We can arrange a consultation with an expert who will provide you with all the information neccessary to make this decision, and potentially save you and your family money in the future.

Keys in hand and paperwork completed, you have reached another ending and should be ready to enjoy everything Spain has to offer. LuxuryForSale.Properties, will continue to provide you with any advice and service that you need in order to settle into your home y quickly and effortlessly. Let us do the hard work while you sit back and live the dream!

LuxuryForSale.Properties Real Estate.

LuxuryForSale.Properties offers worldwide buyers and information guide is here to help those who are interested in buying in Spain but do not understand the Spanish property market. It’s obviously not the complete solution and we strongly suggest you read it in conjunction with a visit to our living in Spain page. However we are sure if you are new to buying property in Spain then you should find it very useful.

The Spanish buyers and information guide is absolutely free and all you have to do is register your details in the information box below and it will be emailed out to you. If you have any questions arising from the guide please do not hesitate to contact us and we will be only too pleased to try and answer your questions. We look forward to being of help to you in realizing your dreams of Spanish property ownership.