Common practice in Spain
when buying a property is firstly to sign a private
sales contract before the deeds. In order to be valid, any property title deeds in Spain need to be signed and
authorised by a Spanish notary.
Following this, they can then be recorded in the Property Ownership Register and are formal, legal proof of the ownership and characteristics of any property.
The deeds for a property include the following information:
The notary is responsible for reading and explaining the deeds in the presence of both the buyer and seller before the deeds are signed and of making sure that the information is correct.
Once the deeds are signed the notary can
fax the information to the Property Ownership Registry for the details to be officially
recorded on the same day.
The close collaboration between notaries and the Property Ownership Registry means that there is little room for fraud or errors and offers peace of mind to the buyer that the sale is legitimate and the property is free of any hidden burdens. Nevertheless, no system is perfect and anyone considering buying property in Spain is advised to hire the services of a lawyer who will check all the details before the deeds are signed.
|Other useful links|
|Latest news on the property market in Spain Selection of news articles related to the real estate market here.|
|Mortgages in Spain, a brief introduction to the Spanish mortgage market, how it works and interest rates in Spain|
|Spanish banks, before applying for a mortgage, find out more about Spain's most popular banks and Spanish savings banks.|
|Property taxes in Spain, description of taxes involved in purchasing property and yearly property taxes in Spain.|
|Useful Spanish vocab for buying a house - you should learn at least the basic terms. Check out our pronunciation guide too.|
|Renting property in Spain - if you want to buy to rent, then read this section and our free notice board of property to rent in Spain.|
|Spanish lawyers - information on lawyers fees in Spain for property transactions|
|Houses for sale in Spain - take a look at the kind of houses available. Or check out our free Spain property for sale board.|