Luxury Property Buyer Guide | BeLuxe Properties

Buying property in Spain is an exciting venture! Our dedicated team specialises in guiding you through every step of the process. From selecting the ideal property to connecting you with trusted legal professionals, we’re committed to making your dream home a reality. For us, it’s not just about buying a property; it’s about investing in a lifestyle that suits you. Let us help you find your perfect piece of Spain.

Purchase Expenses

When buying property in Spain, you’ll encounter purchasing costs calculated as a percentage of the property’s price. These costs differ slightly depending on whether you’re acquiring a new property or a resale (pre-owned) one. For new properties, the buying costs are typically 14%, while for resale properties, they can reach 10%. Keep in mind that additional expenses, such as taxes related to setting up a Spanish mortgage, can add one to two percentage points to these costs.

Most of Beluxe clients visit Spain to explore available properties. Weekend visits are possible, but it’s advisable to spend one working day in Spain to facilitate crucial and cost-saving steps for buyers. These steps include visiting a Spanish Notary, signing a Power of Attorney allowing your lawyer to sign contracts on your behalf, opening a Spanish bank account, instructing your independent lawyer to apply for your N.I.E. (Spanish identity number for non-residents), and possibly meeting an English-speaking local bank manager to discuss mortgage applications and explore favorable mortgage deals.

For new Spanish properties, the total buying costs range between 10% and 14%, depending on whether you opt for a new build property or a resale property.

Spanish Legal Assistance

Beluxe recommends a panel of independent Spanish lawyers who specialise in conveyancing and are fluent in English. They are all members of The Bar Association of Malaga, and their staff can communicate in various European, Scandinavian, and Russian languages. Understanding all aspects of the buying transaction is essential.

Reserving Your Property

The initial step involves formalising your property purchase and taking it off the market. This is achieved by signing a Reservation Agreement and making a deposit, typically around €10,000, into the independent lawyer’s client account. The reservation deposit also secures the property price.

Your lawyer will then request all property-related documents and commence the necessary searches. Once these searches are satisfactorily completed, they will sign the Private Contract on your behalf with your written authorisation. Alternatively, you can personally come to Spain to do this.

Mortgages

The most common type of mortgage in Spain is the capital and interest or repayment mortgage. In a competitive market, mortgages with an initial exclusion period might be available. With capital and interest mortgages, you repay a portion of the principal and the accrued interest monthly, ultimately fully repaying the loan by the end of the term.

BExclusion period mortgages (typically 24 months) involve initially paying only the interest, transitioning later to capital and interest payments. Non-residents generally receive mortgage offers covering 60% to 70% of the property’s purchase price (not its valuation). However, Beluxe can secure up to 80% mortgages for residents of Spain.

Completion

(Signing the Title Deeds)

All properties are sold with clear title, meaning that any outstanding debts, including existing mortgages, property taxes, waste collection charges, community fees, and utility bills, will be settled by the seller before completion or agreed upon as part of the completion process.

Your lawyer will then finalise the taxes and charges, as previously detailed, and provide you with a comprehensive breakdown of all expenses. During this process, you can already start enjoying your new home in the sun!

Our team are here to answer all of your questions

If you have any questions about any of the properties listed on our website and would like to find out more, our team will be happy to help! Fill out the form and one of our team will be in touch ASAP, or contact us directly by phone or email.

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Client Testimonials

Don’t just take our word for it

View our reviews on Google

    
 
 
       Posted on Google  
   
   Sally Watson 
 
 
 
 Trustindex verifies that the original source of the review is Google. Made the whole process really simple and easy to understand, very thorough and helpful, would highly recommend
  
 
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   Paul Nigol 
 
 
 
 Trustindex verifies that the original source of the review is Google. Holli provided us with first rate services for buying an apartment in Malaga, Spain. Not only does she possess an intimate knowledge of the area, her advice was thoughtful and timely. As Canadian buyers, Holli provided detailed information on how the the Spanish real estate system operates which is very different than home. I simply cannot imagine how we would have navigated our purchase without Hollli's input and advice. I highly recommend BeLuxe Properties to any real estate purchaser from Canada.
  
 
      Posted on Google  
   
   Marbella MesaGreen 
 
 
 
 Trustindex verifies that the original source of the review is Google. It is always a pleasure to work with Ryan (BeLuxe Properties), an exceptional real estate agent. Highly professional, extremely dedicated and always willing to go and do far more than is required. He combines deep knowledge with an exceptional level of commitment and personal attention. Always available and fully involved in every detail of the process. It is clear that he truly enjoys and believes in what he does. I would gladly recommend him.
  
 
      Posted on Google  
   
   Helen R 
 
 
 
 Trustindex verifies that the original source of the review is Google. Absolutely blown away by our experience in finding a holiday home with Ryan. He is truly amazing at his job, he works incredibly hard to make sure he finds the perfect properties to show you. His communication is incredible, he is always available to chat and to answer any questions. We were really unsure what exactly we wanted from our holiday home and within a few days Ryan had helped us narrow it down to just a couple of areas that were truly perfect for us, and helped us work out what our absolute “must haves” were and where we could make compromises! I love the personal touch he brings to the job and how patient and considerate he is in knowing how big a decision it is. He also recommended some amazing lawyers and other professionals to us along the way which is invaluable to us.
I couldn’t recommend Ryan highly enough, we would never buy a holiday home on the Costa del Sol with anyone else and we would recommend him with complete confidence to anyone. Thank you so much Ryan!
  
 
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   Lisa Boron 
 
 
 
 Trustindex verifies that the original source of the review is Google. This is to express our heartfelt thanks and gratitude to Holli for not only her professional expertise, extreme knowledge, wise guidance and genuine care, but her constant effort and diligence in working with us to secure our new home.

We traveled to Malaga from the States in March for a week of travel with Holli along the Costa Del Sol.
I had established a start to working with Holli via email months prior. From the moment of introduction I felt a sense of connection, confidence and knew we were in good hands.  Holli began collecting information on exactly our interests, type of home we were interested in, lifestyle and budget. She assisted us with setting our travel itinerary, making wonderful recommendations for lodging and had our entire week carefully and thoughtfully laid out. For five consecutive days we looked at properties thoughtfully curated to our needs and wants. On the last day, we knew we walked into our beautiful apartment in the charming old town of Estepona.
Holli’s work did not stop there. She aligned us with all of the like minded and skilled colleagues she works with to continue to assist us in the transaction. A Spanish Lawyer to a Currency Exchange Broker, both of which have made this absolutely effortless for us and have given us a total peace of mind.

It is quite rare in todays world to find someone who gives it their all, not only in their work professionally, but also personally.
I would refer Holli to anyone thinking about or looking to make this step. It has truly been an amazing and wonderful, stress free and fun experience.

We look so forward to our new life in Estepona and in addition to having a dear new friend in Holli.

Warmly,

Lisa and Greg
  
 
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   Nakhil Mahra 
 
 
 
 Trustindex verifies that the original source of the review is Google. The team were great to deal with - this is the second purchase I've made with them and Holli was an asset from start to finish.
  
 
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   Tara Branson 
 
 
 
 Trustindex verifies that the original source of the review is Google. Ryan is truly a star wouldn’t have been able to do this without him so helpful and found us the perfect property in record time
  
 
      Posted on Google  
   
   Brian Köster 
 
 
 
 Trustindex verifies that the original source of the review is Google. Outstanding service

I first met Ryan at a house we were viewing, where he was the seller’s agent. Before we had time to make a decision, he had already sold the place. But we thought he seemed like a great agent, so we asked him to be our buyer’s agent instead – and that turned out to be an understatement. He’s not just a good agent – he’s an excellent one.

For over a year, Ryan has been helping us find the perfect home – and it wasn’t an easy task, since we had a long list of specific requirements and a limited budget. But Ryan never gave up, and we’ve just bought our dream house in Marbella – the one he found for us.

Throughout the process, Ryan has again and again gone the extra mile for us. He’s been incredibly helpful, always quick to answer our many questions, keeping us updated and in the loop, and offering recommendations for everything from mortgage advisors and lawyers to contractors and car dealers – all of which made us feel safe during such a big investment in a market we didn’t know that well.

On top of being helpful and professional, Ryan is also simply a pleasure to be around – which makes all the house viewings a much nicer experience.

I can honestly give my highest recommendation to Ryan and the whole team at Belux Properties.

View our reviews on Google