Real Estate Lawyers in Costa Blanca

Once you have decided on your property purchase, choosing reputable Real Estate lawyers in Costa Blanca to act on your behalf is a necessity.

For Spanish property Buyers...

You may have already found the property of your dreams, this is where Real Estate lawyers in Costa Blanca can assist you with your property purchase. As enthusiastic as you may be, do not act hastily and sign any documents or pay any money, before getting legal advice.

Once instructed, your law firm will carry out a land registry search. This will reveal who owns the property, any charges on the property and its dimensions.

Assuming that all is in order, lawyers will prepare a private contract of sale with the seller. Once the contract is agreed, a deposit is paid with the balance payable at the signing of the escritura de compraventa, the conveyance deed.

The escritura is signed, in Spain, before a Spanish notary who has the capacity to authorise sales and purchases in a Public Deed. If you are unable to be present in Spain a Power of Attorney can be granted to lawyers in Spain who will then be able to act on our behalf.

As the escritura is your legal title, you will be advised beforehand to ensure that you understand the tax and legal obligations of ownership of property in Spain. Once the escritura is signed the necessary taxes are paid and the property registered in your name.

For Spanish property Sellers...

As a seller of Spanish real estate in Spain, it is important to have all the relevant documents such as the escritura, local rates bills, electricity, water and community bills ready to pass to the Real Estate lawyers in Costa Blanca and to consider what furniture will be included in the price and prepare an inventory.

The seller of Spanish property will be advised by Real Estate lawyers in Costa Blanca that he has the obligation to pay the plusvalia, a local tax based on the increase in the value of the property since ownership commenced.

Once the price is settled it is important to agree the amount to be declared in the escritura. As a non resident, the buyer is obliged to retain 5% of the escritura value to be lodged with the Tax Office. You will need advice from your lawyer on Capital Gains Tax obligations in Spain.

If you are a Spanish resident seller it is important to obtain a tax residency form from your local tax office to avoid the 5% retention.

At the signing of the escritura you will hand over the keys and should have vacated the property. The sale of a property in Spain can be a smooth process as long as you are advised by experienced and trusted Real Estate lawyers in Costa Blanca

Spanish Law Firm and Real Estate Lawyers in Spain

Normally you will be advised of a law firm or lawyer in Spain from the company you are purchasing from. However, if you would like to use a company based in the UK, Chebsey and Co offer Spanish legal services, and are based in London. Champion Miller and Honey are based in Kent, their telephone number is 01580 762251. (We have no affiliation with either of these companies and offer this only as a service to our clients.)