sale of property in Spain is valid without the presence of a notario.
A Spanish notary is possibly one of the most comfortable (and profitable) professions in Spain. His (or her, although most Spanish notaries are male) role in property deals is to guarantee the legality of the sale, to certify the presence of all the papers and people required by law to be present in any property deal, to ensure that property buyers or sellers who do not speak Spanish have a representative with them to translate proceedings, and generally to preside over the signing of the property sales contract and to register the new deeds.
Whereas a search for houses for sale in Spain begins at an estate agent, it ends in the notary's office. Both the property buyer and vendor (or their legal representatives) must attend the signing of the contract, and the estate agent (if there is one involved) and lawyers are usually also present.
If a Spanish bank is involved in the property deal, then the bank representative also attends the meeting to confirm the mortgage which is also signed infront of the notary.
If, as is often the case, the value appearing on the deeds of the property being sold is less than the overall price of the sale, the notary generally turns a blind eye.
|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.|