There are many websites and platforms where you can find property listings in Spain. It is important to understand how they are described, we have some tips for you:

– remember that the prices listed are net, you should always add to them about 10%-12% (secondary market) or 13%-15% (primary market) of its value. These include VAT, the cost of legal and notary fees, or costs dependent on the Autonomous Community

– the number of rooms stated in the ad, is the number of bedrooms, you should always implicitly remember the additional living room, which does not appear in the body of the offer

–the state of development in Spain is different from the one we know from Poland. Our property from the primary market will have finished floors, kitchen (often with appliances) and bathrooms, already installed interior doors and built-in cabinets.

If we buy at an early stage of construction, we will have the opportunity to choose finishing materials from the developer’s specified range of products.

1. Passport or identity card
2. Foreigner Identification Number (N.I.E.). Equivalent to the Polish PESEL number, we will need it for many bureaucratic activities or even in everyday life, such as picking up a package at the post office, and most importantly for opening a bank account. Application for this number can be made either in Poland at the Embassy of the Kingdom of Spain in Warsaw or in Spain at a police station.
3. Documents proving financial capacity, i.e. bank statements, deposit slips and other financial information, and in the case of a mortgage, its bank confirmation.
4. In the case of property separation, this certificate will also be necessary
5. Certificates of no tax arrears
6. And finally, the purchase and sale agreement or reservation agreement in order to establish an account with a Spanish bank
7.  

Yes, Spanish banks provide mortgages to non-residents, i.e. those with sources of income outside Spain (within the European Union), up to 70% of the purchase sum. The documentation required to apply for such a loan is largely similar to Polish requirements. You can learn about the details of this type of financing in our tab: https://casainspain.com.pl/kredyt/

Determining the purpose of our investment is a key step in the search for a suitable property.

1. A modern apartment with a terrace in a gated complex with a concierge service, swimming pool, fitness club and coworking space will be perfect for short-term rental, which in the (longer than in Poland, because it lasts from May to November) high summer season brings an average profit of 6% per year.
2. If you wish to invest your capital quietly with the prospect of enjoying the warm climate of Spain for a long time all year round, we suggest you buy a house with its own garden and swimming pool. This is an excellent form of investment for people who are looking for a break from everyday life, and frequent and direct flights from Poland make it easy to travel to our “oasis of peace”.
3. If our investment goal is to sell, we must first of all focus attention on the location of our property. Connection to the airport, great infrastructure, proximity to golf clubs or the beach are definitely points that increase the attractiveness of our property.
4. A well-located plot of land for the investment of terraced houses with a ready design and building permit can bring us a 30 to 40% profit rate on our investment.

Developer investments offer those interested in buying real estate, attractive locations, high quality finishes and modern concepts, all this at accessible prices that have very favorable payment schedules. If we are thinking of spreading the repayment of our property over a period of several months, developers, meeting this expectation, often offer to pay 20-30% of the price at the beginning when signing the development agreement, and pay the remainder upon receipt of the keys. In this way we “freeze” the price of our property for ourselves for a period of 1.5 years to about 2 years when the full repayment of the amount due will be made and we will receive the coveted keys.

Spanish law also regulates situations when the developer will not be able to complete the project, thus ensuring the security of the payments we have already made for future investment.

The phenomenon of wild tenants occupying a property illegally keeps us awake at night, but there are ways to protect against it, and its downward trend compared to previous years indicates that the changes made in Spanish law are reflected in reality.

We write about it in more detail here: https://casainspain.com.pl/hello-world/

Here are some practical tips that, if followed, can help minimize the risk of the “ocupas” problem and protect your property from unwanted foreclosures:

• Purchase a property in a gated estate, a building with security, concierge services
• Cooperation and good relations with neighbors, they are the ones who can notice suspicious activity and notify you in time.
• Knowing the neighborhood and familiarizing yourself with the surroundings with the help of trusted real estate agents and having adequate knowledge of the local real estate market
• In some cases, especially when the property is unoccupied for an extended period of time, it is worth considering monitoring systems for constant surveillance of the area, such as security companies, surveillance cameras, outdoor lighting or alarm systems can help prevent unauthorized access to the property.
• Renting while the owners are away and using the property regularly can help prevent third parties from trying to occupy it.
• Taking care of property documents, such as title deeds, rental agreements or deeds