Legal Considerations When Buying a Home in Spain

Buying a home in Spain can be a dream come true for many people. Thanks to its climate, beaches, culture and gastronomy, it is easy to become a popular destination for those who want to settle abroad. However, before taking the step, it is essential to understand the legal considerations involved in this process. At A&G Lawyers, specialists in immigration and real estate law in Torrevieja and Ciudad Quesada, Alicante, we are here to guide you through this process and ensure that everything is done legally and without problems.

  1. Legal Advice:

It is very important to seek expert legal advice before deciding which home to buy. Our team of lawyers specializing in real estate law will provide you with expert guidance on all the legal aspects involved in purchasing property in Spain.

  1. Necessary Documentation:

The documentation you need varies depending on whether you are a Spanish citizen, a citizen of the European Union or a citizen of a non-EU country. Our lawyers will help you collect all the necessary documentation, which includes the NIE (Foreign Identification Number), passport, and other relevant documents.

  1. Purchase-Sale Contract:

The purchase and sale contract is a fundamental document that establishes the terms and conditions of the transaction. It is essential to carefully review this contract to ensure that agreed details such as price, property description and payment terms are correctly reflected.

  1. Property Investigation:

Before closing the purchase, it is crucial to conduct a thorough investigation of the property. This includes verifying the ownership of the property, making sure it is free of liens and debts, and checking that it complies with all local regulations.

  1. Taxes and Costs:

Buying a home in Spain entails a series of taxes and expenses, such as the Property Transfer Tax (ITP) or the Value Added Tax (VAT), depending on whether it is a new or second-hand property. Our lawyers will guide you through all taxes and associated expenses and help you calculate them correctly.

 

At A&G Lawyers, we understand that purchasing a home in a foreign country can be a complicated process. That is why we are here to offer you the legal advice you need to ensure that your purchase goes smoothly and complies with all Spanish laws and regulations. Contact us today for more information!