As the Spanish economy continues to recover and show promising growth, now is an excellent time to invest in property in Spain. With low purchase prices and the potential for significant future returns, Spain offers some compelling real estate investment opportunities.
Whether you are looking to invest in Spanish real estate for business purposes or to sell your investment, it is crucial to seek independent Spanish legal advice. This will help protect your interests and minimize risks, whether related to the assets themselves or your tax liabilities.
With offices in the UK, Ireland and Spain, Your Spanish Solicitor in Spain has the expertise and experience necessary to safeguard your business interests in any property transaction.
Buying and Selling Property in Spain
If you plan to purchase property in Spain, Your Spanish Solicitor in Spain can guide you through all the essential steps. These include obtaining a Spanish tax number and opening a Spanish bank account for you or your company, both of which are necessary for purchasing property and paying related bills.
Your Spanish Solicitor in Spain can also conduct the necessary property checks before purchase, draft or amend a private sale and purchase agreement on your behalf, and advise you on paying a deposit to secure the property. If you cannot attend the transaction in person, we can complete it on your behalf before a Notary in Spain or accompany you to the meeting.
If you are selling property in Spain, we can manage its marketing and sale, as well as handle the legal aspects. It is required that either the seller or a representative be present at the completion meeting. Your Spanish Solicitor can prepare a draft power of attorney for you to sign before a Notary Public. The document can be drafted in both English and Spanish, in a double-column format, so you understand its content without needing a separate translation, thereby saving costs.
We can also advise you on the essential costs involved in a property purchase, including Notary’s fees, Purchase Tax, and Property Registry fees. Additionally, we can guide you, as the seller, on clearing any debts associated with the property and obtaining an Energy Performance Certificate.
Before starting any construction work on a property, it is crucial to secure the necessary national and regional planning permissions.
Planning disputes often arise from breaches of Spanish planning regulations or building codes. If you encounter issues related to boundaries, access, or planning permissions after purchasing property in Spain, E&G Solicitors in Spain can assist in mitigating the impact of these breaches and help manage any financial risks to your business.
Developing Property in Spain
Failing to follow the correct procedures during the pre-planning stage can lead to significant financial challenges for your Spanish business property development. In the worst-case scenario, if planning permissions are ignored, local authorities may order the demolition of your development for non-compliance.
Our team of experienced Spanish property lawyers can navigate the complex regional and national planning laws for your property. We can also recommend architects and engineers to help realize your building plans.
To avoid the risks associated with unlawful developments, such as demolition, it is essential to seek expert advice on Spanish property law to ensure the success of your building project.