Although when done correctly it is perfectly safe, there are a number of potential pitfalls when buying property in Spain – whether new-build or resale. Most of these revolve around problems such as establishing ownership, disputes over the exact area of land included in a plot and incorrectly registered properties.

These can all be overcome with persistence but a Spanish speaking lawyer working directly for you is essential to do this successfully.

If an estate agent suggests that the Notario (Notary) will cover all these checks and you do not need your own solicitor, politely disagree and find an independent solicitor (not one recommended by your estate agent).

Glossary of Key Spanish Property Terms

Abogado – Spanish Lawyer (solicitor)

Agente de la Propiedad Inmobiliaria (API) – Property (estate) agent

Arras – Adeposit/down payment

Caja de ahorros – Spanish savings bank, typically offers mortgages too

Contrato de Compraventa – private property sale contract, signed when the deposit is paid and before the final public deed of sale is signed

Escritura – deeds

Escritura pública de compraventa – Title Deeds [of a property]. Registered with the property registry and legally binding.

Hipoteca – Mortgage

N.I.E. – National ID number for foreigners

Nota Simple – certificate from the Property Registry stating whether a property is free of encumbrances

Notario – Notary – Spanish legal official whose job it is to ensure that property sales are conducted in a legally-correct and binding manner

Registro de la Propiedad – Spanish Property Registry

Tasador – Spanish property surveyor

Título de propiedad – Title Deeds [of a property]. Registered with the property registry and legally binding.

Valor Catastral – Value of property for tax purposes

Read On

• Introduction

• Easy Guide To Buying A Home In Spain

• Mortgages – UK or Spain?

• Getting A Mortgage In Spain

• Other Things to Consider Before Buying In Spain

• Glossary of Key Spain Property Terms

Buying Overseas Property and Mortgages