How does the cost of living in Spain compare to the UK?
It’s much cheaper! Some estimates suggest that the cost of living in Spain is only about two thirds of living in the UK. Water, electricity, cars, petrol, food and drink are all less expensive, sometimes dramatically so.

Do I have to be a resident of Spain before I can buy a property there?
No. Anyone who is a resident of a country belonging to the EU can buy property in Spain.

I’ve found a property that I’m interested in. What happens next?
Please take a look at our guide to purchasing a property which contains all the information we feel you may need.

Is it difficult to buy property in Spain?
It’s not difficult but you do need the services of an English-speaking Spanish lawyer to look after your interests as the laws and procedures that govern the buying and selling of property in Spain are substantially different to those in the UK.   Also, it is important to choose a lawyer who is specialist in the type of property that you want to buy.  For example, a beach based lawyer will probably not be experienced in rustic property, and vica verca.

Do I need a UK solicitor as well as a Spanish one?
No. This would only serve to increase your legal fees but do make sure that your Spanish lawyer speaks and writes English.

What are the costs associated with buying a property in Spain?
In most cases you should allow about 10% of the purchase price to cover Spanish stamp duty, tax, legal costs and land registry fees.

Should I have a Spanish mortgage or a UK mortgage?
Either is acceptable. You’ll find less choice and fewer options in Spain but the interest rates can be lower and by having a mortgage in Euros you won’t be affected by currency fluctuations. The banks in Spain prefer to lend against property that has already been built as the developer will typically already have taken out a mortgage on the plot to fund the building.

How do I apply for a mortgage in Spain?
As in other countries, Spanish banks need to see evidence of ability to pay. This usually means supplying recent salary slips, banks statements and P60’s for every signatory to the loan. If you’re self-employed you’ll need to submit your most recent tax statement and audited accounts for at least the last two years.

Do I have to be in Spain to sign the paperwork?
No. You can give your Spanish lawyer Power of Attorney, which means that he can act on your behalf at each stage of the buying process.

When can I move in?
You take possession of the property on the day of the title deeds being signed.

What are the benefits of buying older property?
If you’re buying a property in Spain to live in or use as a holiday home for example, a pre-owned home has the advantage that you can move in within a very short space of time and you can see first hand exactly what it is you’re buying.

Does Spain have a national healthcare system?
Yes. It’s free to any EU citizens.

Can my UK State Pension be paid to my Spanish bank account?
Yes.

Can I take my car to Spain?
Yes, assuming you have owned it for six months or more. If you’re planning on keeping it there you’ll need to  take up residency in order to register the car in Spain and get Spanish number plates.

What about the Spanish education system?
It is excellent and free of charge.

Can I take up employment in Spain?
Yes, if you are from a country that is in the EU.

Can I bring my pets with me to Spain?
There’s no problem with this providing you have evidence of the relevant vaccinations. Don’t forget to apply for a pet passport if you want to bring your animals back to the UK., and remember this can take up to 6 months.

Will I need an ID card?
Yes, you will need a NIE number.  Your Spanish lawyer can get this arranged for you, alternatively you can apply directly to the Spanish foreign office, and some estate agents can also take you to obtain your NIE number.

Should I have a Spanish will?
Definitely, but speak to your Spanish lawyer about this because the Spanish have different options to bequeath their property, sometimes this can be arranged without the burden of your inheritors incurring death duties.

How do I open a bank account in Spain?
This is a straightforward process that is similar to opening an account in the UK. You’ll need two forms of identification, usually a driving license with a photo, plus your passport.