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 Post subject: buying apartment/holiday home
PostPosted: Fri Feb 19, 2016 6:46 pm 
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Joined: Fri Feb 19, 2016 6:22 pm
Posts: 1
Hi there my partner and I love lanzarote we are really interested in buying an apartment but also a little scared as not familiar with buying abroad is it difficult or strait forward need advice please on bank accounts estate agents solicitors and anything else I have missed thanks


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 Post subject: Re: buying apartment/holiday home
PostPosted: Sat Feb 20, 2016 9:21 am 
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Joined: Thu Jun 14, 2012 7:30 am
Posts: 541
Hi
First thing to bear in mind is that whatever the property costs budget at least 12 % to 15% on top of the price for taxes/costs/etc......
.initially you will need a bank account,,,which you can open as an ´´extranjero´´(foreigners) account with your passport and proof of UK address at most banks here---altough this will be more expensive to operate than a residents account as the charges are higher (no such thing as ´´free´´ banking in Spain)....
.then you will need a NIE (foreigners number)issued by the Goverment , for buying and tax purposes (you will pay tax at the Spanish rate on a holiday home here).....
estate agents are plentiful,but again beware they are not regulated here and anyone can call themselves an´´estate agent´´....
.ALWAYS get a reputable lawyer here (called´´ abogados´´) preferably not one ´´recommended´´ by your estate agent but an independant one ....they will check that the house /flat is legal ,conforms to current regulations and that documents are in order and can arrange electrical and water connections whilst transferring it into your name.
Good luck with your house hunting 8) :D


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 Post subject: Re: buying apartment/holiday home
PostPosted: Fri Jun 10, 2016 11:18 am 
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Joined: Wed Jun 08, 2016 2:33 pm
Posts: 7
Has anybody known any local real estate agencies?


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