Frequently Asked Questions

What are costs of buying a property in Spain?

You will need to budget for between 10-12% of the sales price to cover the cost of the property, roughly divided as 7% tax, 1 % legal fees, 1% mortgage fees and 2% notary and stamp duty fees (variable).

How long does it take to complete on a property in Spain?

Once you have found your ideal property the process of buying usually takes aprox 30 days to completion, giving the buyer a change to arrange a lawyer, have the property checked over and to have money in place, an extension of 30 days can be given if required.

Do you need a Spanish bank account to buy a property?

A bank account is not needed to purchase a property in Spain, but it is recommended. It will help you to pay and settle payments for utilities, local taxes, expenses, etc. … So, it is more than recommendable to open a bank account in Spain in the earliest steps of the purchase process.


Whilst it is true that some people have been hesitant about moving to Spain due to the ongoing uncertainty over Brexit, many other Brits realise that there has never been a better time to make the move to Spain. Citizens of many countries outside the EU, have all been buying property in Spain without problems of any kind for years. It will be just the same for Brits post Brexit but probably easier.

Who pays the estate agency fees in Spain?

Agents do not normally make a charge to buyers and therefore it makes sense for a buyer to use the very helpful services of an agent. Agency fees are usually pais by the seller as a percentage of the selling price.

Is there any restriction when renting a house or flat?

No, you can actually rent to anyone. But you should be aware that, if you are planning to rent a property, you will need to sign a contract. You have 4 normal types of contracts:

  • Tourist rental. This contract will enable you to rent your property for days or weeks only. You need a licensefrom the City Hall in this situation.
  • Seasonal contract. This contract is up to more than 30 days. We are referring to the so-called “contrato de temporada” in Spanish.
  • Then there is a specific contract for rentals which last less than one year, 11 months for example, which is something usual.
Is there stamp duty in Spain?

There is a  Legal Documentation Tax (AJD in Spanish).which is equivalent to stamp duty this is aprox 1.5% when buying a new build.

What is IBI in Spain?

The IBI is the “Impuesto sobre Bienes Inmuebles”, which could be translated as “property tax”. This is a municipally levied tax and varies widely from one municipality to another and from one type of property to another.

Is buying a property in Spain a good investment?

Spanish property is still very good value for money when compared to buying in other European countries there are so many good property bargains available. First-time buyers are increasingly looking to Spain as an option to get onto the property ladder. According to recent research, Spain came out as second of 33 countries as best for first-time buyers. The reasons given were a combination of reasonable property prices combined with a favourable cost of living as well as good average salary growth levels – all good reasons for buying in Spain.

Are brits still buying in Spain?

British people continue to purchase more homes in Spain than any other. foreign buyer If you are thinking of, or are currently in the process of buying property in Spain, you may be asking yourself if this is the right time to do so. Many people move from the UK to Spain each year – some plan to move for their retirement, lots of families are looking for a holiday home in the warm sun, and many of course are looking to live and work in Spain for a better quality of life.

Health care in Spain?

If you work and pay social security payments then you are entitled to the Spanish health service but if you do not pay into the system then you are advised to get some kind of healthcare to cover you in case of illness or accidents.

Pensioners in the British National Health Service (NHS) will continue to receive healthcare in Spain provided that the competent British authorities grant reciprocal treatment to Spanish citizens.

The hospitals and healthcare offered in Spain are some of the best in the world with less waiting time and modern well equipped hospitals with top medical staff from around the world.

Together we will find the perfect home

Our many years experience allows us the contacts and knowledge required to provide a win-win real estate service.