Costa Almeira property Spain

Some general tips for you to think about:

Set a figure of how much you are willing to spend in the Costa Almeria and what size of mortgage you can obtain. Bear in mind that the maximum is 70% for non-residents.
So for example:
How many bedrooms and bathrooms do you need?
Do you need a garden and/or a swimming pool?
How far is it to the local shops?
How far is it to the beach?

Have you thought about the area you want to live in Costa Almeria? For example would you prefer a high proportion of English speaking or do you want to be in an older more traditional area? Investing in a house means you are going to spending a large amount of your life there.

If you are going to finance your investment by letting your property out when you are not there, then realise that letting is much easier in a popular area close to the beach.
Alternatively if you are planning on opening a business when you arrive, then you will most certainly need to canvas the area for customer flow and the local competition in Almeria.You should also consider dropping in on others who are already in business there and have a casual chat about things you will have to overcome in order to trade as well. The more research you do here the better.

Legals and transacting your Costa Almeria property.

1. Your solicitor should obtain a Property Register document to establish if there are outstanding monies owed on the property. It will also specify exactly who owns the property.

2. The next check to be carried it is with all the utility companies to see what debts may be outstanding here.

3. You will need to have a NIF number to give to the Notary which will require your passport and a completed Policia Nacional.

4. Your legal representative will then draw up a purchase contract with important details included such as the amount of the deposit, the date of completion od the sale, what is included in the sale etc.

5. You will then sign the Official Escritura a t the notary's office in Costa Almeria and be given a copy. You will also need to pay all relevant taxes at this point.

Costa Almeria property

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