Buying Real Estate On The Costa Brava What Are The Formalities?

By Author: Edward Carr
Total Articles: 5
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Buying real estate on the Costa Brava is a dream for many of us, whether a house inRoses or Empuriabrava or an apartment or a villa in Ampuriabrava; for a permanent yearly family holiday, Spain has much to offer those who wish to invest in real estate. But for this type of project it is important to know the red tape and legal arrangements and how to avoid the pitfalls so that the transaction can take place with confidence.

For a property purchase on the Costa Brava to pass smoothly, the ideal is probably to turn to a real estate specialist who, in addition to helping you find the Costa Brava property perfectly suited to your needs and your budget, can also give you advice in English. The most helpful professionals will even help you put utilities in your name, show you how to declare your taxes or even how to register your vehicle or your yacht for you to get settled in Spain with ease. In any case, if you go through an agency, always make sure of they are professionals and can offer you quality properties.

But back to the Spanish property purchase itself, as in the procedure for buying the property, there are ...
... a few important differences from that we are used in England. In Spain, as in England, you must check the identity of the seller and confirm that there is no debt on the property you wish to purchase (or that it will be discharged out of the proceeds of sale). You must also obtain from the seller (or possibly the manufacturer) a copy of the building specifications, the construction permit and planning permission as well as new build guarantees.

The contract, or opción de compra, is drafted by either the seller or the agent and will always be in Spanish, however it is possible to have an English translation as well if you need one. Also note that when you make the sales contract for your property, whether apartment or villa, you will need a deposit of 5 to 10% as well as fees to pay, such as agents and notary charges. Details such as the size of the property, the time payment is expected and the name of the bank that will perform the payment shall appear on the contract. If there are fixtures etc to pay for, that too will be in the document. On the day of completion, the signing of the notarial final deed (the escritura) takes place and the purchaser must make the final payment.

You can of course apply for funding for the purchase of your property Ampuriabrava (or anywhere in Spain) and you will have the option of making the request to a British or Spanish bank while bearing in mind that in general, the mortgage rate you might obtain in Spain may be greater than in England, and the loan available less.

These formalities are actually quite simple as long as one speaks Spanish. But for others, the Costa Brava is truly a destination of choice, because there, many people speak English and are willing and ready to be helpful. Do not hesitate to seek help from your estate agent to arrange your transaction, and you can quickly be making the best of your own villa or apartment Rosas Empuriabrava.

Now it only remains for you to go to the website of the Costa Brava real estate agent of your choice to easily find the marina of your dreams on the Bay of Roses or apartment in Empuriabrava that is perfectly suited to your needs and your budget.

Looking for theperfect house in Rosas, Pau or Palau Saverdera to invest inas a second home? See Immocostabrava.com, the website ofImmoCenterCostaBrava,the Empuriabrava real estate agent at your servicethroughout theCostaBrava.