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Are you looking for a guide to selling your property in Spain in 2018? The Spanish property market has recovered to a great extent since 2014, and the economy has pretty much got its act together, growing by 3.2% in 2017, the fastest among major European nations.
Spain has a stable government in power, which is a refreshing change from the political instability of 2016. Home sales are on the up, with an ever increasing demand for Spanish properties from Russian, Chinese, Scandinavian, German and Irish buyers.
These investors seem to have taken centre stage in the Spanish overseas property market ever since the British interest as flagged a bit since the Brexit referendum and the general political uncertainty in the UK.
So, how to sell your property in Spain? To begin with, you will need to prove that you actually own the property in question. You will need a property document called as escritura, which authenticates that you are indeed the owner of the property. This has to be authorised by a notary and registered with the Land Registry.
Remember – some of the older Spanish houses especially in rural areas do not have all the paperwork needed for the sale. In this case you will need to hire a local lawyer and get together all the paperwork needed.
You will need to have the following paperwork with you: documents related to the terms and conditions of sale, real-estate registration number obtained from the Land Registry, buyer’s and seller’s identification details and a complete description of the property. Documents mentioning the encumbrances on the property, fees, and liens such as mortgages and community costs should be included. You should mention the sale price and explain in writing as to how the payment is to be received.
If there are any community charges related to the property, they have to be paid at the moment of the sale. The Impuesto de Bienes Inmuebles (annual property rates) should be fully paid.
The following documents have to be submitted to the notary:
Right, that’s about the bureaucratic process related to the selling of your Spanish property. The most important step, of course, is to hire an overseas property specialist to find the right buyer for your apartment, villa or house in Spain.
The estate agent specialising in the overseas property market will be skilled in online marketing. You can benefit from their extensive agent network in countries such as Sweden, Norway, China, Russia, Ireland and Germany, where you are most likely to find a cash rich buyer for your property in Spain. Contact us to know more on selling your property in Spain.