There aren’t many notaries in the UK and they’re certainly not used as much as we use them in mainland Europe, so, what is a notary in Spain and what do they do? To give an idea what a notary is, I always say that they’re one step up from being a lawyer and one … Read more
If you’re buying a property in Spain, you may have been told that using a lawyer isn’t a requirement…It’s a bit like the UK…you can use one if you want but you don’t actually have to.
There are a number of overall costs that you’ll need to pay when buying a property in Spain but the main tax that gets paid to the government for buying second hand property is called Impuestos de Transmisiones Patrimoniales or ITP for short.
If you’re buying a property in Spain, you’re definitely going to need a bank account, yes.
If you’re buying a property in Spain, whether you’re having a mortgage or buying cash, you’re going to have to send a lump sum of Euros to an account somewhere in Spain. Whether it’s your life savings or not…it’s still going to be a whole load of cash, so you’ll want to move it cheaply, … Read more
As of the 1st June 2013 a new law comes into force regarding Energy Efficiency Certificates in Tenerife. If you are marketing your property for sale or letting a property you need to be in possession of a new Energy Efficiency Certificate. These have been part of a property sale in the UK for quite … Read more
I often have clients that are buying property in Tenerife, asking me how long it takes from them making a decision to buy one and actually owning the property of their dreams. The time it takes from deciding to buy a property in Tenerife and signing the paperwork at the notary to complete your … Read more
Buying property abroad can be a daunting experience, so although I have a full run down of the buying procedure in Tenerife here for you to look through, I’ve replicated the same tips that I gave in an interview with A Place In The Sun in 2014, so here are my top tips for buying … Read more
Sometimes I hear directly from people or read blog or forum entries that estate agents in Tenerife or Spain in general, are paid too much. Granted, 5% of the sales price is more than three times the average commission rate charged by the estate agents in the UK – in fact there are some agents … Read more
Buying a property in Tenerife can be fraught…but mainly with the stress of not knowing what you’re doing – it’s not generally a regular occurrence for you to buy a property abroad. If you do it right and use a lawyer, then buying your dream home Tenerife go through as smoothly as can be but … Read more
