Purchase or sale of spanish real state

Home > Services > Purchase or sale spanish real state
If you intend to buy, sell or rent real estate property in Spain we can help you. We have been counseling clients of many nationalities for years on their investments in Spanish real estate.

We take care of

Everything

BUYING AND SELLING REAL PROPERTY IN SPAIN:

  • Due diligence of title and charges: search in Property Registry and cadastral records.
  • Draft power of attorney to be executed at the Spanish Consulate of country of origin or with a local notary and apostille, as most convenient.
  • Application for Foreigner ID Number under power of attorney.
  • Opening of Spanish bank accounts under power of attorney.
  • Deposit contract to purchase real estate property: negotiation, drafting and signing of the contract under power of attorney.
  • Full explanation of terms and conditions.
  • Review financing and coordination with mortgage banks.
  • Calculation, full explanation and filing of relevant taxes.
  • Coordination and attendance at signing of notarial deed and/or signing of the deed under power of attorney.
  • Change utility contracts and contact with Owners Association.
  • Registration of title in the Property Registry.
  • Contracting home insurance policy.
  • Preparation and filing of quarterly or annual Non-resident Income Tax returns.
  • Estate planning of foreigners with investments in Spain: drafting of wills to cover Spanish property.
  • Acquisition of Spanish real estate inherited by foreigners.
Purchase or sale of spanish real state
Purchase or sale of spanish real state

RENTING REAL ESTATE IN SPAIN:

  • Negotiation of the conditions of the lease with the tenant or landlord.
  • Drafting of the lease in accordance with the agreements reached by the parties.
  • Accompanying client to sign the lease or signing the lease under the power of attorney.
  • Deal with any problem with the tenant or landlord for the duration of the contract.
  • Preparation and filing of quarterly or annual non-resident Income Tax returns for rent obtained by the rental of properties owned by non-residents.

DO YOU WANT TO STUDY YOUR CASE?

Download this PDF document completely free of charge.

We have been using it with our clients for decades and it has always served as a guide for making important and sensitive decisions such as a Will and Health Proxy.

How to buy real estate property in Spain?

The purchase or sale of real estate in Spain is documented in a public deed signed by the buyer and the seller before a Spanish notary. The notary is a public official who testifies to the date, the capacity of the buyer and seller and all the conditions of the contract of sale.

Subsequently, this document is inscribed in the corresponding Property Registry and this inscription guarantees the rights of the owner.
We do not recommend signing private purchase or sale contracts (another thing is the private deposit contract, which is a common practice in Spain while financing or other practical aspects of the transaction are solved), since private contracts do not have access to the Property Registry and therefore do not afford protection against third party claims. Above all, it will be problematic in the future to sell the property, since a buyer will want to verify that the title is registered and if there are any liens recorded in the Property Registry. The property will not appear inscribed and cannot be sold until the title is registered. If a property is inherited, the private purchase contract must be converted to a public deed; in some cases it is necessary to go to a court procedure to inscribe the inheritance in the Property Registry, which involves time and expense which could very well be avoided by formalizing the aforementioned public deed of purchase.

What Spanish taxes and other expenses must be paid when buying or selling a property in Spain?

In the case of purchase, the usual taxes and expenses involved are as follows:

  • Transfer or Sales Tax.
  • Annual or Quarterly Non-Resident Income Tax.
  • Property Registry.
  • Filing Agent.

In the case of sale, the usual taxes and expenses involved are as follows:

  • Municipal Increase in the Value of Land Tax upon sale.
  • Capital Gains Tax.
  • Notary.
  • Filing Agent.

Contact us for a summary of the approximate taxes and expenses involved in your particular case.

Testimonials

Esto es el texto del testimonio. Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Aenean commodo ligula eget dolor. Aenean massa. Cum sociis natoque penatibus et magnis dis parturient montes.

Nombre y apellidos.

Esto es el texto del testimonio. Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Aenean commodo ligula eget dolor. Aenean massa. Cum sociis natoque penatibus et magnis dis parturient montes.

Nombre y apellidos.

Esto es el texto del testimonio. Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Aenean commodo ligula eget dolor. Aenean massa. Cum sociis natoque penatibus et magnis dis parturient montes.

Nombre y apellidos.

Esto es el texto del testimonio. Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Aenean commodo ligula eget dolor. Aenean massa. Cum sociis natoque penatibus et magnis dis parturient montes.

Nombre y apellidos.

Powers Abogados ©2018
Designed by Weberas
Thanks!

Cookies Policy

This website uses cookies to improve your user experience.

Read more

¡Gracias! Nos pondremos en contacto cuanto antes.

Name*

Email*

Subject

Message

asesoria juridica internacional
Guidance Form for Granting a Will
If you do not receive an email from info@powersabogados.com in a few minutes, please check your spam or junk mail and save this address in your contacts directory. If the problem persists, contact us.
Subscribe and receive a free guide that will help you define what you want your will to contain.
We are lawyers! Your email is safe. No spam.
By filling out this form you consent to receive emails from Powers Abogados, S.L. You can unsubscribe at any time.
asesoria juridica internacional
Application for Nationality
If you do not receive an email from info@powersabogados.com in a few minutes, please check your spam or junk mail and save this address in your contacts directory. If the problem persists, contact us.
Subscribe and receive a free PDF with the general documents that must be submitted with any application for nationality and the subsequent procedures that you will have folow after obtaining it.
We are lawyers! Your email is safe. No spam.
By filling out this form you consent to receive emails from Powers Abogados, S.L. You can unsubscribe at any time.
asesoria juridica internacional
Exequatur Requirements Documents
If you do not receive an email from info@powersabogados.com in a few minutes, please check your spam or junk mail and save this address in your contacts directory. If the problem persists, contact us.
Subscribe and receive free of charge the document with the requirements and documents to start an exequatur.
We are lawyers! Your email is safe. No spam.
By filling out this form you consent to receive emails from Powers Abogados, S.L. You can unsubscribe at any time.
asesoria juridica internacional
Debt claim letter
If you do not receive an email from info@powersabogados.com in a few minutes, please check your spam or junk mail and save this address in your contacts directory. If the problem persists, contact us.
Subscribe and receive for free the form of letter to send to your delinquent customer via burofax.
We are lawyers! Your email is safe. No spam.
By filling out this form you consent to receive emails from Powers Abogados, S.L. You can unsubscribe at any time.
Legal Counsel Packs
Contact us now
To buy this pack, fill out this form and we will contact you as soon as posible.
We are lawyers! Your email is safe. No spam. By filling out this form you consent to receive emails from Powers Abogados, S.L. You can unsubscribe at any time.
asesoria juridica internacional
Download the guide of start-up your activity of apartments for touristic use now
If you do not receive an email from info@powersabogados.com in a few minutes, please check your spam or junk mail and save this address in your contacts directory. If the problem persists, contact us.
We are lawyers! Your email is safe. No spam.
By filling out this form you consent to receive emails from Powers Abogados, S.L. You can unsubscribe at any time.