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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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
595,000 EUR

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

A unique opportunity to acquire two wonderful properties with a gorgeous pool and a fully operational equestrian centre situated on nearly 3 acres of land enjoying stunning countryside views in Alhaur...

REF: 223650
  • Floor Size: 347 square metres
  • Plot Size: 12,074 square metres (1.21 hectares / 2.98 acres)
  • Bedrooms: 6
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5 bedroom farmhouse for sale, Alora, Malaga Costa del Sol, Andalucia

5 bedroom farmhouse for sale, Alora, Malaga Costa del Sol, Andalucia
1,150,000 EUR

5 bedroom farmhouse for sale, Alora, Malaga Costa del Sol, Andalucia

Excellent opportunity to purchase a spectacular rural estate with a tourist rental license, ideally situated in Alora and which currently generates an income of around 50,000 Euros per year. Se...

REF: 223514
  • Floor Size: 380 square metres
  • Plot Size: 53,330 square metres (5.33 hectares / 13.18 acres)
  • 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
330,000 EUR

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

With a total of 8 bedrooms, this interesting complex includes several buildings, 2 of which are registered as rural tourism holiday homes, plus plenty of business potential, situated within a stunning...

REF: 223465
  • Plot Size: 3,700 square metres (0.37 hectares / 0.91 acres)
  • Bedrooms: 8
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6 bedroom house for sale, Cajiz, Malaga Costa del Sol, Andalucia

6 bedroom house for sale, Cajiz, Malaga Costa del Sol, Andalucia
499,000 EUR

6 bedroom house for sale, Cajiz, Malaga Costa del Sol, Andalucia

Charming and spacious home with 2 guest houses, ideally situated in a quiet setting close to the beach in Cajiz. Upon stepping through the gate there is access to a lush, tropical paradise with...

REF: 223449
  • Bedrooms: 6
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4 bedroom villa for sale, Coin, Malaga Costa del Sol, Andalucia

4 bedroom villa for sale, Coin, Malaga Costa del Sol, Andalucia
499,000 EUR

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

Charming and spacious 4 bedroom country home, with a total living area of 316m2, ideally set in almost 3 acres of flat usable land close to the village of Coin. Beautifully finished to a very ...

REF: 223448
  • Floor Size: 316 square metres
  • Plot Size: 12,074 square metres (1.21 hectares / 2.98 acres)
  • Bedrooms: 4
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6 bedroom villa for sale, Alhaurin de la Torre, Malaga Costa del Sol, Andalucia

6 bedroom villa for sale, Alhaurin de la Torre, Malaga Costa del Sol, Andalucia
385,000 EUR

6 bedroom villa for sale, Alhaurin de la Torre, Malaga Costa del Sol, Andalucia

Spacious 6 bedroom villa ideally situated in a quiet setting on the outskirts of Alhaurin de la Torre, set within 2,593m2 of flat gardens with a swimming pool and which is ideal for children and dogs ...

REF: 223423
  • Floor Size: 234 square metres
  • Plot Size: 2,593 square metres (0.26 hectares / 0.64 acres)
  • Bedrooms: 6
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4 bedroom villa for sale, Alhaurin el Grande, Malaga Costa del Sol, Andalucia

4 bedroom villa for sale, Alhaurin el Grande, Malaga Costa del Sol, Andalucia
599,000 EUR

4 bedroom villa for sale, Alhaurin el Grande, Malaga Costa del Sol, Andalucia

Superb 4 bedroom modern and spacious villa, with a total living area of 384m2, set within a matuere plot of 1,282m2 with a swimming pool, situated in a quiet setting yet within walking distance to the...

REF: 223421
  • Floor Size: 384 square metres
  • Plot Size: 1,282 square metres (0.13 hectares / 0.32 acres)
  • Bedrooms: 4
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3 bedroom house for sale, Periana, Malaga Costa del Sol, Andalucia

3 bedroom house for sale, Periana, Malaga Costa del Sol, Andalucia
299,950 EUR

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

Modern and spacious 3 bedroom country home with some lovely rustic touches, with stunning countryside and mountain views, situated in a quiet setting close to Lake Vinuela and Periana village, about 5...

REF: 223363
  • Plot Size: 1,000 square metres (0.10 hectares / 0.25 acres)
  • Bedrooms: 3
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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
295,000 EUR

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

Lovely 4 bedroom country home situated in a quiet and peaceful setting, just 5 minutes from the picturesque and historic hilltop village of Comares and just a short drive off the Comares to Los Ventor...

REF: 223328
  • Bedrooms: 4
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5 bedroom villa for sale, Alhaurin el Grande, Malaga Costa del Sol, Andalucia

5 bedroom villa for sale, Alhaurin el Grande, Malaga Costa del Sol, Andalucia
525,000 EUR

5 bedroom villa for sale, Alhaurin el Grande, Malaga Costa del Sol, Andalucia

Luxurious 5 bedroom villa, with a total spacious living area of 343m2, which is set out over 3 floors, with incredible views across the valley towards the surrounding mountains, ideally located in a q...

REF: 223273
  • Floor Size: 343 square metres
  • Plot Size: 788 square metres (0.08 hectares / 0.19 acres)
  • Bedrooms: 5
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