How to Buy Property in Spain – Marbella Area
                     How to Buy Property in Spain – 
Marbella Area
Perhaps you’ve been thinking about it for a 
long time, and now you’ve finally decided the 
time is right to buy your dream house in 
Spain. But exactly how to 
buy a villa in Spain? Where do you begin? 
To help you get started, we’ve set up a list 
with some helpful tips for buying property in 
Spain. The main point is to gather sufficient 
information and plan things ahead as much 
as possible.
  
BUYING A PROPERTY IN SPAIN – 
THE BUYING PROCESS
 As is the case in all countries, Spain has 
its own procedure for buying property. 
The process will probably be unfamiliar 
to you and involve professionals who 
perhaps don’t play a part in property 
transactions in your home country. It’s 
therefore important to take advice from 
your real estate agent and lawyer, both 
used to the Spanish way of doing things.
 To give you an idea of what to expect 
when buying a property, we have 
prepared this overview of the main 
steps involved in the process. From the 
initial property searches to the handover 
of keys when you become owner of your 
new home in Spain.
  
How to Buy a Home in Today’s 
Market in the Marbella Area
   The market is changing. Stock seems 
to be decreasing and after a period 
where prices bottomed out and banks 
regained interest in providing loans, 
more properties are now being sold. 
   First think about what you expect and 
need from your new home. What is 
the purpose of buying property, pure 
investment?, a second home or a 
combination? You may want to put it 
up for rent. How much time would you 
like to spend in your new home during 
the year? How is your family situation, 
do you have any kids? You may want 
to consider a community where they 
can meet friends. 
  
How to Buy a Home in Today’s 
Market in the Marbella Area
 Work out the financial picture. 
There are many factors to take 
into account when buying 
property. Apart from deciding on 
a realistic budget, you also need 
to take into account any ongoing 
financial commitments like local 
taxes, various costs during the 
acquisition process, community 
fees. Banks are again promoting 
providing loans which can be 
interesting as interest rates are at 
a historic low. And if your income 
is not in euros, keep the 
exchange rate in mind.
  
How to Buy a Home in Today’s 
Market in the Marbella Area: Tips
 Why early in the process? Once you have 
found the right property you may want to 
forward an offer and get it of market by 
putting down a deposit. At this stage this 
is your first contract; the deposit contract 
and if necessary you can make the first 
payment via your lawyer’s client bank 
account number. Most sellers want as 
quick a settlement as possible (30-45 days 
is typical) with the least amount of strings 
attached. Your authorized lawyer can fulfil 
your contingencies and even represent 
you at the day of signing when needed. 
Apart from these important things, other 
issues that will require attention when 
buying property are the due diligence, title 
deeds, property registry report, insurance 
and a Licence of First Occupancy.
  
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