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Is the Conveyancing process in Spain similar to that in England?No. The Spanish legal system is very different from the English.Generally speaking, however, as long as your lawyer makes the necessary checks and enquiries similar to those that we would make in England, then there is hardly any more need to worry about buying a house in Spain than about buying one in England.What is the Escritura?This is the title document proving who is the owner of the property and containing a detailed description of the property itself. It is, under Spanish law, necessary for the Escritura to be signed before a Spanish Notary Public.More guidelines for buying in Mallorca.
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Q: Can I afford a property in Spain?With UK property prices increasing, many people are using equity from their current home to fund a foreign purchase.
Q: Would I need a Spanish mortgage?Spanish mortgages are available usually to a maximum of 70% of the value of the property and as in the UK are subject to status.
Q: What’s the market like in Spain?The Spanish property market is very robust, with expected price increases ranging from 10%-25% depending on area.
More answers to frequently asked questions about Mallorca
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