Property for Sale Frequently Asked Questions
 

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Benahavís - Marbella - Puerto Banús - Costa del Sol

Frequently asked questions


Why buy a property in Spain?


Thousands of British people buy property on the Costa del Sol every year. The low cost of living, beautiful, countryside, fabulous beaches, fascinating culture, the wonderful climate and the people are but some of the reasons.

Quality property for sale on the Costa del Sol is still relatively reasonably priced but still rising in value. It is possible to make a good return on renting out your property to holidaymakers and golfers in a region which has been dubbed the California of Europe. There are also excellent opportunities for renting property on a long term basis.

Finding a property

The property market is moving very fast you really need to either have plans to visit the area in the near future or be able to drop everything and come immediately. If you start the search today but cannot visit the Costa del Sol for six months you will be disappointed as prices will have gone up and the properties you thought interesting will surely be sold.

There are 3 easy steps:

  1. You give us a full brief of the type of property you would like to buy with details such as whether you want to get maximum rental return or want somewhere that is just for             you.
  2. We do the research locally and provide you with some sample properties for sale including the details and photos if possible.
  3. If you like what you see the next step is to come to Spain where we will meet you and accompany you on property viewings.

When I find a property what are the steps I need to take?

Should you decide to purchase you will need time to arrange these formalities – this can be done during this visit or you may chose to return later.

You must be in a position immediately to pay a small holding deposit (usually a few thousand Euros). This secures the price. You will need to be able to transfer 10% of the property purchase price very soon afterwards for exchange of the private contract.

You will need a lawyer, a bank account and an NIE number (Numero de Identificacion de Extranero). We can introduce you to English speaking lawyers who will arrange things for you.We can also help you open a non-resident bank account.

The purchase process is simple.

Your lawyer will carry out all the necessary searches and then together with the vendor's lawyer will draw up a private purchase contract. when this is signed a deposit of 10% of the purchase price is paid. This corresponds roughly to exchange of contracts in the U.K..

After this contract is signed nand for some reason you do not complete the purchase you will lose your deposit. If the vendor fails to complete he or she has to pay you twice the amount of the deposit.

A date is agreed for completion. This takes place at the Notary's office, where the title deed (escritura) is signed, the balance paid and the keys handed over

What next?

Please take a look through our property listings and see if there is anything suitable.
E-mail us at info@spanishportfolio.com or telephone 00 34 952 85 60 49 for more details.

Please complete the Property Search Questionnaire, remember the more information you can give us at this stage the better. We will more easily be able to assess your requirements.
We will send you a sample selection of properties within a few days. If we do not find there to be the right properties on the market we will tell you; we do not believe in taking you to inappropriate viewings.

Please do remember that the market is still moving quickly in Spain so what is for sale to-day may be sold tomorrow.

We pride ourselves on our individual approach and attention to detail. We promise that we will not waste your time – we will only take you to property that we believe you may be interested to buy. We know the good areas, the best developments, the reputable companies and can easily match your requirements. We are small and offer a truly personal and honest service

After Sales

Our service does not stop when we sell you the home. We will help you with reputable lawyers, the utility companies, reliable trades people and all the suppliers you may need including furniture shops, kitchen companies, gardeners and pool maintenance firms.We can advise you on suppliers and manage the projects for you.

You may want a mortgage; you will certainly need a bank account. We will help you with all these tasks as part of our service without any charge.

If you want to buy the property as an investment we will be able to advise you on the sort of rent you can charge.

We will tailor-make the service to suit your exact requirements whether they be a few repairs or a complete redecoration and interior design service. We can manage all types of projects including alterations, heating, air-conditioning, solar heating, swimming pools. We can also get curtains and other soft furnishings made. And if you want a house warming party we can arrange that for you too.

We use only the most reliable suppliers, reputable professionals and skilled tradesmen to ensure that you are entirely satisfied with the job.

 

 

 

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