Spain Real Estate

real-estate-in-Spain

Enchanting Spanish Real Estate

For many, the real estate in Spain is the stuff that dreams are made on. Picture a stone farmhouse amidst the vineyards… a white-washed cottage surrounded by olive groves… a chic apartment whose balcony looks out on a centuries-old town square, bustling with cafes… With beaches, mountains, and fabulous cities, Spain has plenty to choose from.

Where to buy real estate in Spain

Costa Dourada

The Catalan Coast south of Barcelona offers city amenities, small-town feel, and miles of beautiful urban beaches. A string of charming, small towns lines this coast… towns with colorful plazas, pedestrian-only centers, and plenty of local shops and restaurants. Yet the metropolis—Barcelona—can be as little as 20 minutes away on suburban trains. The climate is mild—and even when it’s too chilly for wintertime swimming, it’s warm enough for the sunny outdoor cafes.

Property Samples on the Costa Dourada

In pretty Castelldefels, just 20 minutes from Barcelona, a 700-square-foot apartment with balcony in the city center, close to shops, is selling for €105,000 ($136,500).

Granada

The Alhambra, Granada’s famous rose-red citadel, bears an enigmatic inscription that translates as: “Give him alms, woman, for there is nothing in this life so cruel as to be blind in Granada.”

Baking under Andalusian skies, Granada taps into the emotions as well as the senses. It bridges the worlds of Islam and Christianity, meshing together Jewish and Gypsy traditions along the way. With the Sierra Nevada mountains as a backdrop, it’s difficult to envisage a more dramatic setting for a city. Or a sultan’s palace…

The Alhambra’s fortress-palace complex was built mostly in the 13th century. A $15 admission fee gives you entrance into a lost world of passion, intrigue, and tragedy. But there’s far more to Granada than a palace. It’s a city you simply must visit.

Property Sample in Granada:

In Granada’s old center, the Albayzin, a 538-square foot, one-bedroom/one-bathroom apartment is selling for €90,000 ($117,000).

Buying real estate in Spain

Purchasing procedure

The buying process is divided in three phases:

  • Making an offer
  • Entering in a private contract
  • Completion

The private contract should contain details of the agreed deposit payment, purchase price, and details for payment of the outstanding balance of the agreed buying price plus any additional extras and your intended completion. A notary will prepare the official contracts and make sure it complies with Spanish regulations. Any property sale or purchase in Spain should be registered in the Land Registry, and it’s important to make sure any relevant taxes are paid before this is done.

Buying restrictions

There are no restrictions for foreigners buying real estate in Spain.

*Prices as of 2014.

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