Is it difficult to buy property in Spain?

Not at all, Spain especially people looking to buy property in the Mojacar area of Almeria is a very popular destination for overseas investors and being a member of the EU, most procedures are similar to those in the UK. House and Home can introduce to you an English speaking Spanish solicitor who will ensure all legal matters concerned with the purchase are dealt with effectively and professionally. They will also discuss with you any matters concerning local taxation, water and electricity contracts, Spanish wills etc.

Are there any additional costs involved?

We advise you to allow 10% of the purchase price. This consists of 7% I.V.A. (Spanish Value Added Tax); 1% Solicitors fees; 1% Notary fee and 1% other costs. Also, should you require a Spanish mortgage there is normally an additional set up charges and tax. This may vary from bank to bank, we can advise you in due course.

Do I need residency to buy in Spain?

No, but it is necessary to be registered for tax by acquiring an NIE certificate before going to completion. House and Home are more than happy to help you organise this. Alternatively your solicitor will usually do it for you within their fee.

Do I need a Spanish Bank Account?

Yes you do! This is needed when transferring funds from the UK. Not only that, water and electric bills are paid via direct debit from your Spanish bank account. Spanish banks are very sophisticated these days and most of them will have English speaking staff. You can also benefit from internet banking to monitor your account. A Spanish euro account is very useful as it allows one to withdraw funds almost anywhere in Europe without having to worry about currency exchange.

Why should I use an agent, why not go directly to the developer when purchasing a new build?

The prices are fixed by the developers, and are exactly the same as those offered by House and Home Also the developer will clearly only sell you his products, and so you will not have the opportunity to view a wide variety of homes and get a real feel of the market. The developer may not speak English and will not assist you in finding an English speaking lawyer and other services. Not only that, House & Home currently offers great opportunities on purchases of both new build and resale properties.

We would like to buy a holiday home in Spain to let out - is this possible?

Yes, there is no problem in purchasing a property to let out, even if a mortgage is required. House and Home can advise you on independent Property Management companies in the area.

What is the healthcare system like in Spain?

In a word, excellent! Voted 6th in the world by the World Health Organisation. (England came 24th) There are reciprocal arrangements for permanent residents and tourists travelling to Spain. But it is advisable to check with your own GP regarding your specific situation.