Here’s a conversation with an English Spanish lawyer on property dealingsLawyer discusses property in Spain in spain

Des Sparkes answers various topical issues and has to be worth a listen.
How much did your last visit to a lawyer cost?

Here are some of the issues:
How can I stop my property being grabbed back by the authorities?
How can I know for sure I am dealing with a fully qualified lawyer?
How do I avoid all the sales pressure and take time to make my decision?
Are there things I should watch out for when I go on an inspection trip?

Des recently took part in a BBC program so we thought you’d like the benefit of
some of his knowledge.
Des is available at www.sparkeslawyers.com

Tags: lawyer, property, spanish

Owning a luxury home is dream comes true for most of us.
A luxury home is one that has all the comforts making life ideal.  But, before you make your first move, give some serious though before investing huge amount of money.
For example, before buying your luxury villa, you need some extra consideration.
Each region of Spain has many of options. For example, Costa Brava, Costa del sol, Costa blanca, Costa Almeria, Costa Calida etc have luxury villas to suit different budgets and different needs.So make up a lsit of the pros and cons of each to help focus your decision making.

Spanish villas are usually located in rural, semi-rural or urban locations, and also close to luxurious facilities.For example  your bedroom villa could be close to hospitals, banks, restaurants etc.

The online presence of the top operators has made the entire process easier for you to work through your wish list. Such companies don’t only offer you good suggestions, but also help you buy the property, i.e. luxury villas at agreeable price. These companies are well connected to many of estate agents, developers, lawyers, and property specialists making the entire deal much easier.

You may not have thought of Spain as a place to by your gold property. Perhaps you were thinking of Florida or California or a former USSR country.
If so, imagine Florida without the hurricanes or California without the earthquakes, and you get the beautiful Spanish countryside. The Med offers the same weather as Florida or California.

But mild weather is only 1 reason why people are so keen on golf property in Spain – the 2nd is the situation of new golf and leisure resorts currently under construction in a quieter regions of southern Europe -the South coast of Spain.

The new golf resorts being buitl here have homes built around the permieters of the courses. Some of the most expensive luxury homes in the area.

Theases are currently making Spain atop contender for a beautiful 2nd home, or simply investing in a buy-to-let and have the mortgage pay for itself.
Luxury homes located on golf resorts are selling at much higher premiums.
You may think of buying a golf property in Murcia Spain on private land just as luxurious, but bear in mind the value of homes located on the golf resorts themselves are increasing at a faster than private homes in the countryside.

Buying cheap property in Spain is different to buying in the UK.
The extra costs involved can suprise you if you don’t know what’s involved in the purchase. Here are the extra costs that you are likely to have to pay:

- IVA (= VAT) for the buyer – 6% on resale properties, 7% on new builds.
- 1 % to 2% for stamp duty
- Registration fee (300 euros )
- Notary fees and legal costs

As a rough guide add 10% to the cost of the property you are buying.

So you have costs of up to 10% of the property value before you have even bought and signed for. If you are planning to invest in property in Spain or find cheap property – then this will be a large sum you have to take into account.

In the early days of the property boom in Spain, Real Estate operators dictated the market prices and commissions and were able to gain from buyers desperate to buy a house in Spain – properties were being snapped up very quickly and builders simply couldn’t keep apace with the demand.
Nowadays things have changed and the market is saturated with many empty resale properties on the market.

So you should expect to see commissions of up to 10 or 15% on new builds with the same for Estate agents dealing in second hand properties.

You want to save money and buy a cheap property in Spain?

Here is what you need to do.
Add the costs and taxes for your property to the commission that the Estate agent asks and you have a large sum.

A valid question for a business person would be :
What if I can cut out the agent?
What you could do is go directly to the owner and deal directly to negotiate the price.