
Hotels in Spain For Sale
Guide to the Spanish Buying Process
1. Putting down a Holding Deposit
On finding a property you wish to purchase you will need to negotiate the terms, price and conditions of the sale with the owner. This part of the process is not binding. We would recommend using an independent English speaking legal advisor. Once a purchase price has been agreed, normally a holding or reserve deposit will be required to ensure the property is removed from the market. The sum required will vary between properties and will be based on the purchase price. A time limit for the preagreement to be signed will be arranged and there will also be legal checks to be made.
2. Setting up a Pre-agreement (Contrato privado de compraventa)
The pre-agreement will set out the conditions under which the Buyer and Seller agree to complete the purchase of the property and the price they have agreed upon. Relevant details will generally be included for example the property details, purchase price and the date for completion. A deposit will be required at this point, this will vary, but will generally be 10% of the agreed price. This agreement will include a penal clause if the sale does not go through. If the seller pulls out of the sale your compensation will be double the deposit you have paid, but if you decide not to go through with the sale then your deposit will be lost. Certain checks will need to be made before signing the contract, checks should be made against the title of the property, mortgage status and if the property has any debts held against it. The planning status should also be looked into. These conditions can be varied by the seller and the buyer and other types of agreement can be made.
3. The Contract (Escritura de compraventa)
Before a non-Spanish purchaser can buy a Spanish property they will need to have set up a Spanish bank account and obtained a Spanish tax number (NIE). The completion will take place in the presence of a Notary Public. This is a Spanish public official, by law the deed of sale must be witnessed by a Notary Public. You will also need your own independent, expert legal advisor to act on your behalf. On Completion the buyer must pay the balance, that is the price agreed after the deposit has been deducted, plus any other fees on the completion date. Both buyer and seller must sign the Escritura de compraventa contract, (this is the Spanish equivalent of the title deeds). The title deeds (escritura) will be given to the buyer, this will be done in the presence of a Notary Public, they will certify that the transfer has taken place. The tax office will be sent a copy and the property registry will be informed of the transfer.
IMPORTANT - Disclaimer :
All information provided is believed to be current and provided free of charge. No liability can be accepted for the reliability of the information and statements made as this is obtained from 3rd parties. We always recommend you take legal advice from a fully qualified Lawyer or Notary before buying a property overseas.
Central Barcelona 5 Star Hotel for Sale with over 100 Guest Rooms and Suites
Central Barcelona 5 Star Hotel for Sale with over 100 Guest Rooms and Suites
This exquisite 5 star hotel in Barcelona comes with more than 100 guest rooms, a large number of function rooms and a stunning restaurant open also to the public. Ideally located in the heart o...
22 bedroom hotel for sale, Eirexalba, Lugo, Galicia
22 bedroom hotel for sale, Eirexalba, Lugo, Galicia
Surrounded by woodland and set at the edge of Vilasouto's reservoir, the Hermida Rural Hotel is characterised by tranquillity, comfort and its idyllic views. Located in the hamlet of Eirexalba...
Superb 4 Star Central Barcelona Hotel with more than 180 Guest Bedrooms.
Superb 4 Star Central Barcelona Hotel with more than 180 Guest Bedrooms.
Superb 4 Star Hotel in Barcelona with in excess of 180 guest rooms and suites plus guest rooms with wheel chair access and adapted bathrooms. There are lifts to all nine floors, a restaurant, s...
Impressive Portfolio of Three 4 Star Hotels in Galicia, Spain including one with an 18 Hole Golf Course and Club House.
Impressive Portfolio of Three 4 Star Hotels in Galicia, Spain including one with an 18 Hole Golf Course and Club House.
This prestigious portfolio of three 4-star hotels in Galicia, Spain is being marketed discreetly. The property and the management is for sale and there are a total of more than 185 guest rooms ...
Fabulous Hotel in Barcelona for Sale with Massive Potential
Fabulous Hotel in Barcelona for Sale with Massive Potential
This luxury 5 star hotel in the heart of Barcelona comes with more than 70 guest bedrooms; with an average hotel occupancy of 80%. High potential to improve the performance of this hotel ...
Barcelona Hotel for Sale in Superb Central Location
Barcelona Hotel for Sale in Superb Central Location
In the heart of this famous city of Barcelona, this fabulous 4 star hotel is ideally located close to the Paseo de Gracia and to the main shopping and tourist attractions. The hotel which was ...
Three Star Hotel for sale In Murcia with More than 80 Bedrooms and Sea Views.
Three Star Hotel for sale In Murcia with More than 80 Bedrooms and Sea Views.
Spacious 3 star hotel with more than 80 bedrooms for sale in the heart of the resort town of Aguilas in Murcia, just yards from the sea front and with restaurant, sea views and a roof top swimming po...
Beautiful Palace Hotel for sale in Cantabria Spain
Beautiful Palace Hotel for sale in Cantabria Spain
This beautiful palace hotel is located in the picturesque north of Spain, close to the famous cities of Bilbao and Santander, in a beautiful natural setting with magnificent mountains and lush forests...
Former hotel and restaurant for sale in need of restoration in the Spanish Pyrenees with valuable thermal waters
Former hotel and restaurant for sale in need of restoration in the Spanish Pyrenees with valuable thermal waters
This former hotel and restaurant with much valued thermal water supply is on the market as a refurbishment project. It stands in a glorious location in the Spanish Pyrenees, where there is an outstan...
14 bedroom hotel for sale, Montealegre del Castillo, Albacete, Castile-La Mancha
14 bedroom hotel for sale, Montealegre del Castillo, Albacete, Castile-La Mancha
Fabulous country hotel located in Montealegre del Castillo, Alabacete Spain. Newly built, located close to manufacturing businesses and within walking distance to town. Property featu...