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Buying real estate in Spain, to most, is
a daunting task. In fact, for most, buying real estate anywhere
is intimidating. It just seems like there's so many details
to take care of, never mind the large sums of money in question.
Throw
a language and culture difference into the equation and it
may completely dissuade you from your dreams of owning real
estate in Spain. In reality, buying real estate need not
be such a hassle, in your home country nor in Spain. The
basics are the same wherever you go, the only things that
change are the small details.
One of these small details,
although it may be perceived as quite a large detail, is
the language barrier. Thankfully though, in this moment in
time, there are so many ex-pats living in Spain, many of
which have set up their own real estate businesses. Therefore,
don't let the language come between you and your goals; you
will easily find someone who can speak to you in your own
tongue and who will understand your needs and wants. You
will also be pleased to know that Spanish is not really a
very difficult language; within a year you can be happily
conversing with the locals.
Another issue to consider when
buying real estate in Spain is the pace of life. The Spaniards
are a passionate lot, however, this does not necessarily
translate into efficiency. Their pace of life, in some respects,
is much slower than the pace of life in, for example, Great
Britain. Things may take a larger amount of time than they
would in your home country. The way to deal with this is
to simply relax and allow things to take the time they will
take. Enjoy the laid-back way of life and accept that a certain
delay may come with this very positive element in the Spanish
life.
Finally, getting down to the nitty-gritty with buying
real estate in Spain, lets talk money. To even consider making
a property purchase in Spain, €3,000 to €6,000
will be necessary for the deposit. This price may rise with
the cost of the property in question. Further, there are
three main fees to consider in the process. Firstly, we have
legal fees which will be, at a minimum, €600 or 1% of
the purchase price.
Secondly, there are the notary charges which will be at least €300.
Lastly, we have property register, which will generally be
60% of the notary charges.
Don't let a lack of knowledge come
between you and your ideal property in Spain. Educate yourself
on the workings of property purchase in this beautiful country.
It is certainly worth the added effort given that the standard
of living in Spain is so high. Should you get discouraged,
just take a minute or two to sit back and dream of dining
on paella and sangria at a beach side restaurant, listening
to the waves lapping to shore, on a warm summer's evening.
Then think of spending every evening in this fashion. You’ll
soon overcome all of those pesky obstacles.
Article provided
by OPPSpain
specialised in selling off plan properties in Spain.
The views and opinions expressed in this article are strictly
those of the author. Spanish Property Guide publishes
these articles in good faith and with the understanding that
there are no intellectual property infringements. If you
feel there has been such an infringement, please contact
us stating your claim.
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