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It is well known the
booming property market along the Mediterranean coasts as
well as all along the most important cities of Spain. Buying
real estate involves many legal issues: payment of taxes,
insurance, mortgages… the Spanish market is very different
from the foreign one, these differences make it even more
necessary the assistance of a Spanish Lawyer
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Purchase of a second hand
property
Selecting a second hand
property can be easier than selecting a new one, since the
building is already constructed, you can check it before
buying. Here are general guidelines on aspects of real
estate purchase which can help you to understand how it
works in Spain, but it can not be substituted for proper
legal advice. It is important to seek professional advice
in order to avoid misunderstandings and possible frauds, at
the same time, you will avoid the worry of all the
procedures and paperwork
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Getting a mortgage in
Spain
How mortgage loan work? do
mortgages come with compulsory insurance? how can you make
the process of obtaining your home financing as efficient
and simple as possible?
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Having your house built
Which steps should I follow
to have my house built in Spain? should I get permission
from the Town Hall to build it? what if my land is in the
deep country?
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Selling your Spanish
property
Only those persons or
companies named on the property title deed have the right to
sell any property in Spain, unless a notarised power of
attorney has been given to a third party
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Renting & Housing
Nowadays legal provisions
on renting and letting in Spain are contained in the new
Law of Urban Lettings of 1994, which applies to rental
contracts dated from January 1, 1995 onwards. Contracts
settled before that date are governed by several rules,
which have been modified by the current law of urban
lettings
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The community of property
owners
If you have bought an
apartment or villa, which take part of a building complex,
keep in mind that these will be subject to the Spanish Law
of Horizontal Division. According to this law, every
apartment or villa-owner has the co-property of the common
elements of the building complex.
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Article by iAbogado Servicios Jurídicos SL (Madrid, Spain).
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www.iAbogado.com for more
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