Hiring a Lawyer<\/span><\/strong><\/h2>\nAfter you\u2019ve decided on the region in which you want to buy your property, it is high time you seek some legal advice from a professional.<\/span><\/p>\nWe strongly advise that you opt for a lawyer who is an expert in Spanish real estate laws. Hiring a lawyer who works only for your interest and serves no other agencies related to real estate would be the best move.<\/span><\/p>\nIf you decide to work with a lawyer from your own country, ensure that they are qualified and reliable to handle the Spanish procedure of property transfer.<\/span><\/p>\n If your lawyer is in Spain, ask for the necessary info such as their registration number and other info to double-check it.<\/span><\/p>\nYou do not want to sign any contracts with sellers or property dealers before you seek legal advice from a lawyer. Do not depend entirely on your lawyer either.<\/span><\/p>\nYou can easily visit websites that give valuable information regarding real estate in English. Get yourself aware of what you\u2019re getting into.<\/span><\/p>\nSigning the Contract<\/span><\/strong><\/span><\/h2>\nAfter you get legal advice from your lawyer, you can make an offer to the seller in Spain. If the seller accepts your offer, then both the buyer and seller are required to sign a preliminary contract known in Spanish as Contrato Privado de Compra venta.<\/span><\/p>\nThe procedure is then carried further when the buyer makes a deposit. It is usually around 10% of the price of the property. <\/span><\/p>\nIf the seller has some extra requirements such as mortgage arrangement, make sure you accept all of them.<\/span><\/p>\nIn the end, the main selling contract known in Spanish as escritura de Compra venta is signed by both parties in the presence of the notary.<\/span><\/p>\n The buyer then is responsible for paying for all the liabilities that now sit on his shoulders.<\/span><\/p>\nThe services of the notary are not fully required throughout this procedure, but it is highly recommended.<\/span><\/p>\nOther expenses, such as registration fees and taxes, must be paid by the buyer. The registration of the property can also be done through the notary, but the cost would then, of course, be increased.<\/span><\/p>\nBrexit\u2019s Effect on Spanish Properties<\/span><\/strong><\/span><\/h2>\n<\/p>\n
As we know, after the UK has parted ways with the European Union, the rules and laws that apply to UK citizens also came to change. However, it must be noted that until December 31st, 2020, British citizens have the same rights as Europeans.<\/span><\/p>\nThe decision allows them to work, study, and travel in Europe as they used to before. Nothing will change until January 1st, 2021. <\/span><\/p>\nIt is also necessary to state that Brexit does not mean that UK citizens will not be able to buy properties in Spain.<\/span><\/p>\nSince Spain welcomes foreigners from all around the world, it will still allow UK citizens to invest in its cities.<\/span><\/p>\nThe only impact Brexit had on Spanish properties that is worth mentioning is the decline of UK citizens buying properties in Spain. This is probably due to sterling\u2019s weakness compared to the euro ever since the Brexit result.<\/span><\/p>\n