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Problems when buying Property in Spain

The price of property here in Spain does not have any regulation other than the fact that the seller decides the price. As a consequence property can be severely over priced.

To guard yourself from paying more than you should, look at similar properties and compare the prices.  Don’t be afraid to haggle it could save you thousands. Always start with a low offer and work up.

Are you thinking of buying a plot to build on?

Take care when doing this because the law changes depending on the area. In some areas you will need a minimum of 5000 sq m in others it can be 10,000 or even 20,000 sq m before you can get planning; this in its self is not guaranteed to get you planning. If in doubt, ask an English speaking Spanish solicitor or at the town hall. An architect is also a good source of information.

Unscrupulous estate agents (there are a few) will tell you anything to make a sale, so don’t take their word for it. Don’t listen if you are told you can build a small building on any plot that exceeds the sq m for building, without permission. This used to be a way around the planning laws here. A few years ago you could build a shed on a plot that exceeded the sq m for that area. Then apply for permission to extend and then after some time, do the same again until your building was the size you needed. Others may tell you that you can build what you like and if you get a visit from the Guardia you will only have to pay a small fine. This not true. If you are caught building anything without permission it will be demolished.



                                       Always check that the property you are interested in buying is owned by the person selling. This sounds an obvious question; it is surprising how many don’t ask it. I say this because it is not unusual here in Spain that one or more rooms in a house can be owned by different people. Something you don’t need, after you have bought your dream home in the Sun, and settled in, is a knock at your front door and a person telling you that they have come to claim their old room, that their father had given them some years back. If you use a good solicitor you should not have this problem.

I have not heard of searches on property here, something that happens every time you buy in the U.K.

So always ask the near neighbours about any plans they might know about, new buildings that are going to be built in the close proximity. If necessary pay an interpreter to ask for you. It could be the best 30 euros you spend.  

Buying Property here can be a mine field.

So long as you check and double check all should be well.