Both buying and selling a property in Spain involve various costs, including property transfer tax, notary fees, registry fees, and legal fees. It is important to factor in all these costs when calculating the overall expense of a property transaction.
The legal requirements for buying or selling a property in Spain include obtaining a tax identification number, obtaining a NIE (foreigner identification number), signing a private contract and a public deed, and registering the property with the Land Registry.
The documents required for buying or selling a property in Spain include a copy of the property title deed, a property survey, proof of payment of taxes and utility bills, and the identity documents of the buyer and seller.
The time it takes to buy or sell a property in Spain can vary, but typically it takes approximately 7-8 weeks to complete the process.
Yes, it is highly advisable to sign a power of attorney so that your solicitor can act on your behalf from the beginning until the signing of the deed without the need for you to come to Spain.