Buying a property in Spain is an excellent opportunity… but beware of mistakes that could prove costly!
Many foreign buyers find themselves facing obstacles they hadn't anticipated.
As a specialist in providing advice and support for property purchases in Spain, I regularly find that my clients are confused by the specificities of Spanish real estate law.
Voici les pièges les plus courants… et comment les éviter.
- Wasting time trying to do everything yourself
It's essential to define your criteria before you even start looking for a property. Buying property in Spain can be complex, which is why it's highly recommended to call on the services of an independent real estate expert.
Proper preparation is the key to a successful purchase! Contact OPENNESS by Carlota to ensure your project is on the right track from the outset.
- Not checking the legality of the property
Some properties have planning irregularities (unauthorised extensions, lack of planning permission, etc.). Before buying, it is essential to check:
- Legal status in the land register and at the town hall= Nota Simple
- La cédula de habitabilidad (habitability certificate)
- No debts on the property
- Energy diagnostics
In Spain , it's up to the buyer to validate all legal and urban planning aspects. The notary ("notario") is only there to authenticate, not to advise. de valider tous les aspects juridiques et urbanistiques. Le notaire (« notario ») n’est là que pour authentifier, pas pour conseiller.
Have your own independent lawyer - don't settle for the real estate agent's. OPENNESS verifies that the property complies with standards with its independent lawyers.
- Underestimating taxation and hidden costs
In addition to the purchase price, you should allow for additional costs:
- Taxes (ITP, VAT, capital gains tax)
- Notary and registration fees
- Property tax (IBI) and condominium charges
Anticipate all these costs with an expert to avoid surprises and buy with peace of mind and no surprise costs.
- Inaccurate assessment of financing
Spanish banks often require a substantial deposit, particularly for non-residents. Many people are unaware of the terms and conditions of mortgage loans before committing to one.
Assess your borrowing capacity from the outset. Suspensive clauses are rare. Talk to a broker like OPENNESS, who is familiar with Spanish and French offers. clauses suspensives sont rares. Parlez avec un courtier comme OPENNESS, qui connaît les offres espagnoles et françaises.
- Neglect administrative procedures
The NIE, the bank account, registration with the Land Registry and the local council, setting up water, electricity and internet connections… every step needs to be planned well in advance.
Leave it to OPENNESS to avoid mistakes and save time. OPENNESS pour éviter les erreurs et gagner du temps.
- Buying to rent without considering profitability
Trop d’acheteurs se concentrent sur le prix sans analyser la rentabilité locative. Pourtant, elle varie selon :
- Tourism and local demand
- Fees, taxs and local rules
- Rental pressure zones (more regulated) rental market tension (more regulated) (plus réglementées)
Do a profitability study before you buy. The right location is the key!
- Misunderstanding the sales agreement (Contrato de Arras)
The Spanish contract is more binding :
- Deposit up to 30%
- Rarely a suspensive clause
- Payment: Direct payment to the seller
Make sure that the "Arras" contract takes your conditions into account, especially the financing.
- Buying with renovation without planning
Some local councils take longer than others to issue building permits. This can hold up your project.
Check everything before you buy to avoid unpleasant surprises.
👉 Do you want to avoid all these mistakes and make a success of your property purchase in Spain?
OPENNESS BY CARLOTA supports you every step of the way, from your first viewing to registering the property in your name , to safeguard your investment and make the most of your project.
I can also intervene during the process if needed! during the proces if you need it
A project?
contact@opennessbycarlota.com
