purchasing a property in spain
TRANSCRIPT
Purchase a Property in Spain
A presentation brought to you by LawyersSpain.eu
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Real Estate Law in Spain
The Spanish real estate market has developed quite a lot during the last few years which has enabled the Government to improve the conditions for buying properties, especially for investors.
In order to encourage foreign enterprisers to buy properties in Spain, the Government has passed the Law of Urban Leasing.
Our Spanish lawyers can offer detailed information about this law.
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Why Buy a Property in Spain?
After the financial crisis, the prices of Spanish properties have decreased and now it is a good moment for buying real estate in this country, if you want to invest.
Foreign entrepreneurs who are interested in purchasing properties in Spain should know a few details about this procedure in order to maximize their profits and avoid losses.
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Real Estate Due Diligence in Spain
Every foreign entrepreneur who wants to buy a property in Spain for his own use or for investment purposes should start a real estate due diligence procedure in order to find out if it is something wrong with the property he intends to purchase.
If you need real estate due diligence performed by a specialist, you may contact our law firm in Spain.
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Steps For Purchasing a Spanish Property
The first step when purchasing real estate in Spain is to sign an option contract in order to make sure the owner does not sell the property.
The second step implies signing the public deed of sale before notary.
Once the property is bought, the new owner should register it with the Land Register, as not all properties are registered in Spain.
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Documents Related to Buying a Spanish Property
You will need to provide some documents in order to complete the property purchase procedure .
Some of the papers are as follows: • a foreigners identification number (NIE) which is mandatory for Spanish property purchasers before the signing of the title deed;
• a power of attorney in case you wish our lawyers to act on your behalf;
• documents prepared at a notary's office in order to legalize them.
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Transfer of Property in Spain
Processing the legal papers involved in the transfer of a purchased property bears the legal term of conveyancing.
You can ask for the help of our lawyers in Spain in order to complete the buying process and any other legal issues that you may face in a conveyancing matter.
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Property Registration in Spain
Any property should be registered with the Spanish Land Registry and also at the Cadastre.
The registration guarantees the rights of the owner are protected by the law.
If you need more details about how to buy a property in Spain and how to register it with the Land Registry, you may contact our law firm in Spain.
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Assistance in Buying a Property in Spain
Foreign investors interested in the Spanish real estate market and the main regulations related to purchasing a property can contact our law firm in Spain for the due diligence process.
Our attorneys also provide legal assistance for buying the property, no matter if it is a residential building or a commercial space.
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Thank you for your attention!
For more information, please contact us at:
(+44) 203-287 0408 (for international clients)
www.lawyersspain.eu10