Buy Property in Spain

by Paul Rhodes

Spain is becoming ever popular with people wishing to buy abroad. The ever sunny climate, culture and the many wonderful activities available make it an exciting place to own a property overseas.

The Bay of Biscay has a slightly different climate than anywhere else in Spain due to its location: an Oceanic climate is found here which just means that the summers are not as dry. The beautiful scenery, weather and wonderful events and culture make Spain a fantastic place to live and visit.

You can find all sorts of Spanish real estate from old style Spanish homes to modern apartments and villas.

You will need is an NIE which is a tax identifier for Spain even before you find your chosen property. You can get this from the local tax office in the area. This will also be required to open a Spanish bank account.

One of the best things about purchasing property in Spain is that many of the large high street banks have partners in Spain which means you can get a simple to understand mortgage to finance your purchase. A ten percent deposit is payable by the purchaser once the initial contracts are signed by both parties.

There are other costs you will need to consider such as VAT and Stamp Duty. Much the same as purchasing property in the UK.

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Before buying property Overseas, be sure to get the Ownership Overseas Guide to Buying Property Overseas and Guide to UK Mortgages Overseas

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