Spanish Properties with Rental Income Potential
Spanish Properties with Rental Income Potential

Why Choose PPG

For over twenty years we have built a network of the best professional agents in the most desirable locations. We offer our clients a tailored personal service, at no extra expense. We make sure that buying your overseas property, from initial viewings to final purchase, goes as smoothly as possible.

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Spanish Properties with Rental Income Potential

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.

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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.

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4 bedroom villa for sale, Comares, Malaga Costa del Sol, Andalucia

4 bedroom villa for sale, Comares, Malaga Costa del Sol, Andalucia
350,000 EUR

4 bedroom villa for sale, Comares, Malaga Costa del Sol, Andalucia

Full of character and charm is this modern 4 bedroom villa nestling in over half an acre of mature gardens with pool, enjoying far reaching countryside views from its peaceful location near all amenit...

REF: 231374
  • Floor Size: 120 square metres
  • Plot Size: 2,500 square metres (0.25 hectares / 0.62 acres)
  • Bedrooms: 4
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6 bedroom villa for sale, Rio Real Golf, Marbella, Malaga Costa del Sol, Andalucia

6 bedroom villa for sale, Rio Real Golf, Marbella, Malaga Costa del Sol, Andalucia
3,820,000 EUR

6 bedroom villa for sale, Rio Real Golf, Marbella, Malaga Costa del Sol, Andalucia

Superb 6 bedroom Asian style villa, with a vast total living area of 804m2, set within stunning manicured gardens of 1,711m2 with a large swimming pool and impressive views over the Rio Real golf cour...

REF: 231320
  • Floor Size: 804 square metres
  • Plot Size: 1,711 square metres (0.17 hectares / 0.42 acres)
  • Bedrooms: 6
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4 bedroom villa for sale, Colmenar, Malaga Costa del Sol, Andalucia

4 bedroom villa for sale, Colmenar, Malaga Costa del Sol, Andalucia
340,000 EUR

4 bedroom villa for sale, Colmenar, Malaga Costa del Sol, Andalucia

Absolutely stunning, bright and spacious 4 bedroom villa nestling in 23,000m2 of glorious land with olive and almond trees, while enjoying spectacular views of the Sierra Nevada and the sea from i...

REF: 231296
  • Plot Size: 23,000 square metres (2.30 hectares / 5.68 acres)
  • Bedrooms: 4
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6 bedroom house for sale, Alhaurin el Grande, Malaga Costa del Sol, Andalucia

6 bedroom house for sale, Alhaurin el Grande, Malaga Costa del Sol, Andalucia
1,250,000 EUR

6 bedroom house for sale, Alhaurin el Grande, Malaga Costa del Sol, Andalucia

Unique opportunity to acquire an absolutely wonderful 3 storey, 4 bedroom house with separate 2 bedroom guest house, surrounded by 3 acres of glorious land with pool and tennis court, while enjoying p...

REF: 231237
  • Floor Size: 545 square metres
  • Plot Size: 12,150 square metres (1.22 hectares / 3.00 acres)
  • Bedrooms: 6
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8 bedroom apartment for sale, Puerto Banus, Marbella, Malaga Costa del Sol, Andalucia

8 bedroom apartment for sale, Puerto Banus, Marbella, Malaga Costa del Sol, Andalucia
3,190,000 EUR

8 bedroom apartment for sale, Puerto Banus, Marbella, Malaga Costa del Sol, Andalucia

Unique opportunity to acquire a bright and spacious, luxury 8 bedroom South facing, beach front corner property, consisting of two separate 4 bedroom apartments with beautiful communal gardens and poo...

REF: 231232
  • Floor Size: 414 square metres
  • Bedrooms: 8
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Plot of land for sale, El Campello, Alicante Costa Blanca, Valencia

Plot of land for sale, El Campello, Alicante Costa Blanca, Valencia
399,000 EUR

Plot of land for sale, El Campello, Alicante Costa Blanca, Valencia

Unique opportunity to acquire a large plot of land enjoying breathtaking sea views from its South/South Easterly location near the beach and all amenities in Coveta Fuma, El Campello. This spec...

REF: 231226
  • Floor Size: 0 square metres
  • Plot Size: 1,440 square metres (0.14 hectares / 0.36 acres)
  • Bedrooms: 0
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5 bedroom townhouse for sale, Torre del Mar, Malaga Costa del Sol, Andalucia

5 bedroom townhouse for sale, Torre del Mar, Malaga Costa del Sol, Andalucia
259,000 EUR

5 bedroom townhouse for sale, Torre del Mar, Malaga Costa del Sol, Andalucia

Historic 5 bedroom house, with its origins dating from 1810, ideally situated in a quiet and fabulous setting just 450m from the beach in Torre del Mar. Situated on the end of some terraced hou...

REF: 231212
  • Bedrooms: 5
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8 bedroom house for sale, Periana, Malaga Costa del Sol, Andalucia

8 bedroom house for sale, Periana, Malaga Costa del Sol, Andalucia
298,000 EUR

8 bedroom house for sale, Periana, Malaga Costa del Sol, Andalucia

Unique opportunity to acquire two large country houses nestling in 1.5 acres of glorious land with pool, enjoying far reaching countryside and sea views from its idyllic location near all amenities in...

REF: 231183
  • Floor Size: 425 square metres
  • Plot Size: 6,098 square metres (0.61 hectares / 1.51 acres)
  • Bedrooms: 8
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7 bedroom house for sale, Tolox, Malaga Costa del Sol, Andalucia

7 bedroom house for sale, Tolox, Malaga Costa del Sol, Andalucia
595,000 EUR

7 bedroom house for sale, Tolox, Malaga Costa del Sol, Andalucia

Unique opportunity to acquire 3 charming properties, each with a pool, an outbuilding and treehouse, nestling in 1.5 acres of glorious land while enjoying far reaching countryside views from its peace...

REF: 231170
  • Floor Size: 429 square metres
  • Plot Size: 6,037 square metres (0.60 hectares / 1.49 acres)
  • Bedrooms: 7
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5 bedroom townhouse for sale, Guaro, Malaga Costa del Sol, Andalucia

5 bedroom townhouse for sale, Guaro, Malaga Costa del Sol, Andalucia
390,000 EUR

5 bedroom townhouse for sale, Guaro, Malaga Costa del Sol, Andalucia

Unique opportunity to acquire a beautifully renovated and modernised corner townhouse with two separate apartments, enjoying panoramic mountain views from its location near all amenities in the heart ...

REF: 231090
  • Floor Size: 383 square metres
  • Bedrooms: 5
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