FREQUENTLY ASKED QUESTIONS
HI THERE – GOOD TO MEET YOU.
IN OUR BUSINESS WE ARE ALWAYS BEING ASKED QUESTIONS BY CLIENTS WITH LESS LOCAL KNOWLEDGE – YOU’D BE SURPRISED HOW OFTEN THE SAME QUESTIONS COME UP.
Here we share just a few of the most often repeated – and of course, brief answers where applicable.
FOR MORE DETAILED ANSWERS OR MORE QUESTIONS PLEASE FEEL FREE TO CONTACT US
Or you can find more informative answers to these and many more questions in our blog posts.
(In no particular order)
Is the property freehold?
Will I be able to get a mortgage for the property in Spain? In principle yes subject to status. See our blog post on mortgages.
Will it be easy to sell the house or is it complicated? It can be a bit complicated but at SSS we can help. See our blog post on selling.
Will I need a local lawyer? You can buy the property without but our advice is that you engage a local lawyer.
Do I need to pay a deposit? Normally yes in order to take the property off the market whilst your purchase proceeds. See our blog post on this.
Has Brexit changed anything with regards to purchasing a property in Spain? Yes but not much actually. See our blog post on this issue.
How can I check there are no changes against the property? By having the right searches carried out. See blog post.
How can I be sure the house is built legally? Again by having the correct searches carried out. At SSS we can help. See our blog post.
Should I get a surveyor to check the condition of the house? Yes and we at SSS can do this for you.
Does buying the house entitle me to Spanish residency? It can do but not necessarily – see our post or contact us.
What is the crime rate and will I need security alarms and/or bars over the windows? Like everywhere there is crime and if you are buying a ground floor property it is wise to have security on windows and doors.
What will the annual repeating costs be? It varies depending on where and what but we can advise on this or see our blog.
What is the standard of state schooling? A subjective subject but overall not bad – as ever it depends on location.
Will I need to learn Spanish? No but you will derive far more pleasure if you do.
Will I pay tax on any increase in value when I sell the property? Possibly yes but subject to status – we can advise on this subject.
Is Spain highly bureaucratic? In a nutshell yes.
Will I pay tax on the rent? Yes but not too much – see our blog.
Please feel free to contact us anytme at firstname.lastname@example.org or by phone at +(34) 711 055 158.