How To Buy Property In Spain - A Few More Warnings

In order to understand how to buy property in Spain safely, there are a few more things you need to be aware of.

• The most usual way for foreigners to buy property in Spain is to purchase a plot of land from a developer and agree the design of your house from a brochure of standard designs. If you are buying the land and the building from the same company, INSIST on separate contracts for the land and the building.


• Make sure you get hold of the title deed for the land BEFORE signing a building contract. (Your lawyer will help you with this.)


• Also before you sign the building contract, insist on seeing the "termination guarantee". This is a kind of insurance policy that protects you if the builder goes out of business before the work is complete - which does happen. If the builders can't produce one, walk away!


• If the property is on a new development or "urbanisation", get your lawyer to check that it's legal. Most are, but as mentioned in previous posts, some foreign buyers have found their property is built on an illegal development. This means the authorities can confiscate and demolish your property without compensation. This applies even if you purchased an existing property in good faith and it then turned out to be built on an illegal development.


• Check the water supply and sewage. In many areas where excessive development has taken place, the effect on the local water supply and sewage systems has been severe. This could seriously affect your enjoyment of your new home.

Remember all these warnings are to ensure you really enjoy your property in Spain! You can avoid a lot of these pitfalls by finding your property at http://www.bizwrite.co.uk/realestate/propertyabroad.html We take you by the hand and support and guide you through every step of the process!