Good to know about the purchase
The deposit is a proof of commitment to buying the property and is paid when signing the contract. The deposit is usually about 10% of the purchase price when buying resale property, and a fixed amount of 3,000 to 6,000 EUR when buying newbuild.
The title deed is registered in the title deed registry and proves that you own the property.
NIE number: When buying a property in Spain, you must always have a tax identification number, i.e. a NIE number. You also need the NIEnumber if you are going to work, open a bank account or set up a phonesubscription in Spain. Applying for a NIE number usually takes several weeks, so prepare the application in advance. We help you get in touch with companies that take care of this.
The Notary Public is an officially appointed law professional who in this case is obliged to check the identities of the parties and the legal status of the property. The Notary Public also prepares the transfer deed, which forms the basis of your title deed application.
The completion date is the date that you get access to your new property.The purchase is finalised and you pay the remaining part of thepurchase price.