The Blogging of Webster 582

Then your total rental expenses will be €120,000 after these 10 years. New jobs and a probation period in the contract are becoming red flags. Even if you keep working for the same international company and get relocated to the Spanish office with a new local contract containing a probation period. The Bank of Spain and the European institutions predict a 5-7% GDP increase for 2021 and 2022. That’s good news for local property buyers, and a good sign for banks to give financing.
Having a lawyer to complete the due diligence is highly advised and is required by many mortgage lenders. The buyer then arranges any mortgage they require, although they should have already discussed their needs with the mortgage provider. The contract of sale is usually signed in front of a notary, at which point the full sale price, taxes, and other costs become due.



This might mean making an international money transfer to cover the deposit amount. You can buy a property in Spain with a mortgage from a Spanish bank, but you’re likely to get a lower loan-to-value rate than local residents³. It’s important to have all documents checked over by a registered legal professional, who will also register the property and carry out due diligence on the transaction. Once an agreement is reached, a notary can summarise the offer in writing.
About 90% of our current customers want a property with the ability to work from home. Their primary home is generally not Spain, but a colder country and they want somewhere to escape to enjoy the sun. That escape used to be for just a long weekend, but now we see clients coming for extended stays. The shortage of this type of desirable property is noticed with some geographical differences in Spain.

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Expect to pay between 8% and 11.5% in taxes on a property purchase in Spain. Receive informed analyses and property offers from the world's residential markets directly to your inbox. Buyers of new residential properties must pay 10% Value Added Tax .
You can rent a property of €1,000 per month for the next 8.3 years. On a wider scale, we even see a different kind of bank war happening. Some banks go vender casa madrid beyond the 80% LTV if certain requirements are met. Some banks that were not active in this mortgage race have changed position in the last weeks.

As a non-resident, you may also buy land and have a property built yourself. In this case, good legal advice is even more important as you will need to ensure that contracts with builders are appropriate and watertight. Waste disposal is managed at a municipal level, with annual fees for rubbish collection. With other utilities, such as gas, electricity, and water, you’ll be able to compare deals before settling on a provider. Many governments provide lists of lawyers and translators who speak both Spanish and another language.
Spain is an extremely popular destination for expats looking for a pleasant climate, high standard of living and of course, delicious food. Whether you’re thinking of working in one of Spain’s major cities such as Madrid, Barcelona or Valencia, or retiring to the Spanish coast, you’ll need to find somewhere to live. Your information will not be used for any other purpose, and you can delete your profile at any time by emailing

This former fishing village in the Costa Blanca is becoming increasingly popular with British expats, but it’s a real melting pot of nationalities. Close to major airports and with a stunning coastline, Torrevieja could be well worth investigating as a place to buy property. The Valencia region is an attractive spot for UK expats, and the city itself is also a great place for Brits to buy property. In the cooler north of Spain, you’ll find modern architecture, a rich cultural scene and some of the best paella in the country. Traditionally, Brits have been the largest single group of expats investing in Spanish property, and this has continued even in the wake of Brexit-related changes. In fact, around 13% of foreign-owned homes in Spain were in British hands in 2020².