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Real estate registration procedure in Spain

Real estate registration procedure in SpainWhat do you need to know a Russian citizen who wants to buy a property in Spain? What documents are needed to buy accommodation in Spain? And how to conclude a contract of sale?

Property in Spain attracts many, and first of all the location in the country with a warm climate, an interesting history, unusual architecture, as well as incomparable benevolence and openness of the inhabitants. Many people dream to move there, but most of this does not, for fear of difficulties with the preparation of documents. In fact, it is not as difficult as it seems.

how to conclude a contract of sale of real estate in Spain

All you need to know

The most important thing when buying a property is to contact a trusted agent who will accompany you throughout the transaction, advising on any issues and giving useful advice. Then the sequence of actions is as follows:

  • To issue a visa to Spain. First you will get a standard one, for 180 days.
  • Fly to Spain for at least one week to choose a property and start collecting documents.
  • Translate the owner of the house or apartment from 3 to 6 thousand euros. They will be included in the cost of your future housing. In this case, the seller will provide you with a preliminary contract of sale.
  • Open a personal account in any bank in Spain, which will require a passport, a certificate from the workplace, confirmation of legal income for 2 year. Upon completion, you need to transfer 30% of the value of the property. You will also need to issue an NIE, or an alien tax account. To do this, you need a passport, a completed application form that you will receive on the spot, 2 photos 3x4, a copy or reservation of return tickets, a contract received from the owner (about it was written above), and an extract from the Spanish bank that you have money (30% of the price of housing).
  • Take the check for the remaining amount in the bank.
  • Meet with the owner of an apartment or house and sign a contract of sale of the premises with a notary.

With the proper execution of documents, the purchase process Spanish Property does not take much time. It is also important that most of the local banks offer favorable mortgage terms - only from 2-3% per annum. Acquisition of housing in Spain is a serious and responsible step, but you will not regret it.

What documents are needed to buy accommodation in Spain?

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