| A Guide to Buying Property in Spain |
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| Finance - Finance |
| Written by Paul Rhodes |
| Thursday, 18 September 2008 04:59 |
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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.
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 property from traditional Spanish homes to modern apartments and resort villas. The first thing you will need is an NIE which is a tax identifier for Spain and you will need this before you even walk into an estate agents office. You can get this from a local tax office in the area. You will also need this before you 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. Other costs you will needd to consider are VAT and Stamp Duty. Very similar to purchasing property in the United Kingdom About the Author: Before buying property Overseas, be sure to get the Ownership Overseas Guide to Buying Property Overseas and Guide to UK Mortgages Overseas |