Buying property in Spain follows a clear legal process, but it differs from many other countries. This guide explains every step of buying a property on the Costa del Sol in a transparent and easy-to-understand way
Once you have found your ideal property, all key aspects are reviewed before moving forward.
➡️ Review of location, price and condition
➡️ Market value assessment
➡️ Clarification of legal and financial questions
The reservation agreement removes the property from the market and secures your right to buy.
➡️ Reservation payment usually €3,000 – €10,000
➡️ Property removed from the market
➡️ Conditions fixed in writing
➡️ Amount deducted from final purchase price
An independent lawyer checks all legal aspects of the property.
➡️ Ownership & land registry check
➡️ Debts, charges or mortgages
➡️ Licences & legal compliance
➡️ Community fees & taxes
The private purchase contract (Contrato de Arras) makes the deal legally binding.
➡️ Deposit usually 10% of the purchase price
➡️ Buyer loses deposit if withdrawing
➡️ Seller pays double if withdrawing
Before completion, all legal and financial requirements are prepared.
➡️ NIE number
➡️ Spanish bank account
➡️ Remaining funds arranged
➡️ Purchase costs calculated
Ownership is transferred at the notary.
➡️ Signing of the Escritura
➡️ Full payment
➡️ Keys handed over
➡️ Land Registry entry initiated
Important steps after buying the property.
➡️ Payment of purchase taxes
➡️ Utilities transferred
➡️ Final registration completed
Planning to buy a property on the Costa del Sol? Contact us directly for professional guidance
➡️ WhatsApp:
+34 622 318 266
➡️ Email:
info@mikenaumannimmobilien.com
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