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In order to own property in Spain you must have a Fiscal Identification Number (NIE – numero de identificacion de extranjeros) and you also need a Spanish bank account (to enable you to pay for amenities supplied to your property – e.g. electricity, telephone, water etc.)

You will also need a solicitor – Wish Properties enjoys a professional relationship with an experienced bilingual solicitor (Abogado). It is your Abogado's job to carry out a series of checks on the property and ensure the conveyancing runs smoothly. They will advise you in detail of all the costs and checks etc that are required when purchasing your property in Spain.

Once have decided about buying a property in Spain you will need to calculate your budget. Remember to take into account all the costs involved. The cost of your property plus IVA (transfer tax, the Spanish equivalent of VAT). Also, there are set charges associated with the registration of the property into your name, Notary, Solicitor etc.. These vary but, as a rough guide, allow a sum equivalent to 10% - of the property price for ALL the associated costs.

You may also need to consider mortgages – we can also advise you on this. You will need to decide between a mortgage within your home country or one held in Spain. As with many things there are pros and cons for each. Please ensure that if you need a mortgage you have approval before you make any offers on a property: otherwise you risk losing your deposit. Wish Properties can advise you further on very suitable Mortgage providers and liaise with Spanish banks /brokers to obtain the best rate and deal for you in terms of your mortgage.
If you buy in a complex or large development Community Charges will be payable per year, on average €400 – €600 but they do vary for each individual property, these are to cover general maintenance, gardens, communal areas, and swimming pools etc.

If your property is going to be a holiday home, and therefore you will not be living in it all year round or perhaps renting the property, you may want a reliable service to property manage your home and take care of it in your absence. Wish Properties has an excellent after sale package they can offer. For more information please go to www.espana4u.com website. When you purchase property in Spain the price will be in Euros – If you need to buy euro's and transfer monies Wish properties can advise you on various agencies that provide this service.