The process typically involves finding a suitable property, entering into a reservation contract, conducting due diligence, signing a purchase contract, and finally completing the purchase with a Spanish notary

In addition to the purchase price, buyers must pay taxes and fees such as transfer tax (usually 8-10%), notary fees, registration fees, and any legal fees

Yes, it is highly recommended to engage a local lawyer who can ensure that all legal aspects of the purchase are in order and protect your interests

Yes, many Spanish banks offer mortgages to foreigners, but the terms may vary. It is important to compare offers and understand the terms before entering into a contract

The NIE (Número de Identificación de Extranjero) is an identification number for foreigners in Spain. It is required to make property purchases, open bank accounts and handle other legal and financial transactions in the country

Exchange rates can affect the total cost of your purchase, especially if you are transferring money from another currency. You may want to consider currency exchange services or fixed exchange rates to minimize your risk

Yes, buying new may involve other taxes and duties, such as VAT (IVA) and stamp duty, while used property usually involves transfer tax. There are also differences in warranties and potential risks

It is important to investigate the legal status of the property, ensure there are no outstanding debts associated with the property, understand all costs involved, and be aware of local laws and regulations

Scandicosta offers guidance throughout the entire buying process, from finding the right property to handling legal and financial aspects, to ensure a safe and smooth experience