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There are many ways to start looking for
a property in Spain to suit your wishes and needs: |
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Using a real estate agency in Spain |
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Using some other form of intermediary
(lawyers, etc.) |
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Using a real estate agency in your own
country |
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Contacting the owner of your chosen property
directly |
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Using the Internet |
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Purchasing a house is a very important decision
and requires the intervention of qualified professionals.
Therefore, it is a good idea to get
advice from a specialist lawyer who can tell you all
the steps that you will need to become the owner of your property.
Real estReal esate agencies can also provide you with a list
of specialists.
Lawyer fees amount to roughly 1%
of the price of the property. |
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On the basis of your risk profile, we will
set up deposits linked to the world’s
leading values and indexes. You can choose to guarantee
your capital or to guarantee the interest rate you want to receive
for your money, depending on the term of your investment. |
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Once you have found your property and hired
a good team of advisors, the next step is for buyer and seller
to sign a reservation contract.
The agency will require a deposit
of roughly 10% of the property price for this contract.
Although not compulsory, we would
recommend you to sign this contract. This way, the
two parties make a commitment; if this commitment is not carried
through, the affected party will be compensated. |
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Banesto offers
mortgages of up to 70% of the property
valuation, or the sale purchase price, whichever is the lowest.
Mortgage interest rates
in Spain are among the lowest in
Europe. This makes it particularly interesting to finance
your purchase instead of buying outright. You can then use
your cash to make your savings work for you.
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| REPAYMENT
TABLE FOR 1000 EUROS |
| INTEREST
RATE |
TERM IN
YEARS |
2,50% |
2,75% |
3,00% |
3,25% |
3,50% |
3,75% |
4,00% |
4,25% |
4,50% |
4,75% |
5,00% |
5,25% |
5,50% |
| 5 |
17,75 |
17,86 |
17,79
|
18,08 |
18,19 |
18,30 |
18,42 |
18,53 |
18,64 |
18,76 |
18,87 |
18,99 |
19,10 |
| 6 |
14,97 |
15,08 |
15,19 |
15,31 |
15,42 |
15,53 |
15,65 |
15,76 |
15,87 |
15,99 |
16,10 |
16,22 |
16,34 |
| 7 |
12,99 |
13,10 |
13,21 |
13,33 |
13,44 |
13,55 |
13,67 |
13,78 |
13,90 |
14,02 |
14,13 |
14,25 |
14,37 |
| 8 |
11,50 |
11,62 |
11,73 |
11,84 |
11,96 |
12,07 |
12,19 |
12,31 |
12,42 |
12,54 |
12,66 |
12,78 |
12,90 |
| 9 |
10,35 |
10,46 |
10,58 |
10,69 |
10,81 |
10,92 |
11,04 |
11,16 |
11,28 |
11,40 |
11,52 |
11,64 |
11,76 |
| 10 |
9,43 |
9,54 |
9,66 |
9,77 |
9,89 |
10,01 |
10,12 |
10,24 |
10,36 |
10,48 |
10,61 |
10,73 |
10,85 |
| 11 |
8,67 |
8,79 |
8,90 |
9,02 |
9,14 |
9,26 |
9,38 |
9,50 |
9,62 |
9,74 |
9,86 |
9,99 |
10,11 |
| 12 |
8,05 |
8,16 |
8,28 |
8,40 |
8,51 |
8,63 |
8,76 |
8,88 |
9,00 |
9,12 |
9,25 |
9,37 |
9,50 |
| 13 |
7,51 |
7,63 |
7,75 |
7,87 |
7,99 |
8,11 |
8,23 |
8,35 |
8,48 |
8,60 |
8,73 |
8,86 |
8,99 |
| 14 |
7,06 |
7,18 |
7,30 |
7,42 |
7,54 |
7,66 |
7,78 |
7,91 |
8,03 |
8,16 |
8,29 |
8,42 |
8,55 |
| 15 |
6,67 |
6,79 |
6,91 |
7,03 |
7,15 |
7,27 |
7,40 |
7,52 |
7,65 |
7,78 |
7,91 |
8,04 |
8,17 |
| 16 |
6,32 |
6,44 |
6,56 |
6,69 |
6,81 |
6,93 |
7,06 |
7,19 |
7,32 |
7,45 |
7,58 |
7,71 |
7,84 |
| 17 |
6,02 |
6,14 |
6,26 |
6,39 |
6,51 |
6,64 |
6,76 |
6,89 |
7,02 |
7,15 |
7,29 |
7,42 |
7,56 |
| 18 |
5,75 |
5,87 |
6,00 |
6,12 |
6,25 |
6,37 |
6,50 |
6,63 |
6,76 |
6,90 |
7,03 |
7,17 |
7,30 |
| 19 |
5,51 |
5,64 |
5,76 |
5,88 |
6,01 |
6,14 |
6,27 |
6,40 |
6,53 |
6,67 |
6,80 |
6,94 |
7,08 |
| 20 |
5,30 |
5,42 |
5.55
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5,67 |
5,80 |
5,93 |
6,06 |
6,19 |
6,33 |
6,46 |
6,60 |
6,74 |
6,88 |
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To become the new owner of the property, you
will need to sign the final purchase
agreement in the presence of a
Notary and pay the pending amount. |
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The last legal step is to register the Public
Sales & Purchase Agreement at the Property
Registry Office. |
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More Information |
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