Looking for property in Spain: helpful hints

Mar 25 2016

Looking for property in Spain: helpful hints

  1. Investing in a Spanish property is no different to making any such important property purchasing decision, to get it right you must of course be cautious but also don’t forget to enjoy the experience. Engage with reliable property agencies. Those agents/ developers listed on the YellowBrickRoadSpain ‘Directory Hub’, will always ‘go that extra mile’ to assist their customers, ensuring them of their honest endeavors to achieve a smooth journey throughout this very exciting time. With your agent’s help you will find a property that’s absolutely right for you.
  2. Research the area or areas in which you are interested in purchasing a property. A thorough understanding and in-depth knowledge of your area of interest is advised, especially if you’re planning long term residency …e.g. is there the possibility of you and your family being able to adapt to a changing landscape surrounding your property such as any ‘new build’, were it to happen in the future, obliterating your cherished view or property access? This can be a problem when buying ‘off plan’. Speak to other residents in the area to gather as much local information as possible.
  1. From the outset involve a ‘qualified Abogado’ (Lawyer). Too many people leave it very late or do not bother at all. Some estate agents will have this facility in-house but whoever you choose, independent or in-house, be sure that they are in a position to supply you with their qualification / registration documentation.
  2. When choosing your property, make that choice from your head and heart …not just your heart. Don’t leave your ‘sensible head’ behind when you land in Spain.
  3. Plan an inspection trip. Many agents still operate this helpful part of choosing a property in Spain. View as many properties as you can to get a better understanding of what type of builds are available as mostly these may not be quite as you expect or imagine.
  4. When looking to your available budget, remember that you must also take into account all other mandatory costs, …this is where your Abogado or property agent will be able to shed some light on this important not-to-be-forgotten subject.
  5. Consider your preferred property type, in addition, how many bedrooms, bathrooms and would you prefer a private pool or are you just as happy to share a communal pool? Perhaps the proximity to a beach, golf course and shops is important to you.
  6. You will need to obtain your N.I.E. (pronounced ‘knee-er’) which is your official registration number and will be required when purchasing your property and performing any other official monetary transaction. You must open a bank account as soon as possible … some Banks in Spain may also have branches in your homeland, … maybe that will prove to be useful?
  7. If you are planning to reside permanently in Spain, you should consider whether you would prefer to reside in a ‘Community’ environment where most of the worry is taken away in respect of the immediate area and property maintenance etc. … Read more … (Link to the article on community matters)
  8. Perhaps you prefer to live in an area of individuality in the country side or other such scenario? Don’t just settle for something because it’s cheap. It should be because you truly believe that you will be content spending many years in your chosen property.
  9. Consider your medical needs – insurance ‘is a must’ in our opinion, especially in respect of the UK citizens following the EU referendum results. Check the proximity of hospitals and doctors surgeries, in relation to your proposed property purchase.

Our very best wishes for your future life in beautiful relaxing Spain.