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, Golden Mile, Marbella, Malaga Costa del Sol, Andalucia

4 bedroom villa for sale, Golden Mile, Marbella, Malaga Costa del Sol, Andalucia
4,350,000 EUR

4 bedroom villa for sale, Golden Mile, Marbella, Malaga Costa del Sol, Andalucia

Immaculate 3 storey, 3 bedroom luxury beachside villa with separate one bedroom apartment, cinema room, wine cellar, pool and garden, located in a prestigious area near the beach and all amenities on ...

REF: 225593
  • Floor Size: 430 square metres
  • Plot Size: 710 square metres (0.07 hectares / 0.18 acres)
  • Bedrooms: 4
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5 bedroom villa for sale, La Mairena, Marbella, Malaga Costa del Sol, Andalucia

5 bedroom villa for sale, La Mairena, Marbella, Malaga Costa del Sol, Andalucia
2,800,000 EUR

5 bedroom villa for sale, La Mairena, Marbella, Malaga Costa del Sol, Andalucia

Exceptional south-east facing luxury 4 bedroom villa with separate one bedroom guest house with pool, nestling in 3/4 of an acre of beautiful landscaped gardens and enjoying breathtaking sea views fro...

REF: 225591
  • Floor Size: 850 square metres
  • Plot Size: 3,082 square metres (0.31 hectares / 0.76 acres)
  • Bedrooms: 5
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6 bedroom farmhouse for sale, Los Romanes, Malaga Costa del Sol, Andalucia

6 bedroom farmhouse for sale, Los Romanes, Malaga Costa del Sol, Andalucia
360,000 EUR

6 bedroom farmhouse for sale, Los Romanes, Malaga Costa del Sol, Andalucia

Excellent opportunity for someone wishing to enjoy the Andalusian lifestyle with rental income in a lovely rural setting with potential for further development. Located within walking distance...

REF: 225576
  • Floor Size: 317 square metres
  • Plot Size: 5,100 square metres (0.51 hectares / 1.26 acres)
  • Bedrooms: 6
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6 bedroom villa for sale, La Carolina, Marbella, Malaga Costa del Sol, Marbella Golden Mile

6 bedroom villa for sale, La Carolina, Marbella, Malaga Costa del Sol, Marbella Golden Mile
2,995,000 EUR

6 bedroom villa for sale, La Carolina, Marbella, Malaga Costa del Sol, Marbella Golden Mile

Stunning 6 bedroom villa, with a total spacious and beautifully presented living area of 856m2, ideally situated in a tranquil and exclusive residential area just a few minutes walk from the Marbella ...

REF: 225560
  • Floor Size: 856 square metres
  • Plot Size: 2,645 square metres (0.26 hectares / 0.65 acres)
  • Bedrooms: 6
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4 bedroom farmhouse for sale, Velez Malaga, Malaga Costa del Sol, Andalucia

4 bedroom farmhouse for sale, Velez Malaga, Malaga Costa del Sol, Andalucia
675,000 EUR

4 bedroom farmhouse for sale, Velez Malaga, Malaga Costa del Sol, Andalucia

Productive avocado and mango farm situated just outside the historic town of Velez-Malaga, around a 15 minute walk to the centre of town. The area is very rural, and the access is via a short river tr...

REF: 225544
  • Bedrooms: 4
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5 bedroom house for sale, Cuevas del Almanzora, Almeria Costa Almeria, Andalucia

5 bedroom house for sale, Cuevas del Almanzora, Almeria Costa Almeria, Andalucia
545,000 EUR

5 bedroom house for sale, Cuevas del Almanzora, Almeria Costa Almeria, Andalucia

Beautifully restored cortijo and separate house with pool, set in 6 acres of glorious land, enjoying stunning countryside views from its private location near to three historical Andalusian villag...

REF: 225487
  • Floor Size: 452 square metres
  • Plot Size: 22,000 square metres (2.20 hectares / 5.44 acres)
  • Bedrooms: 5
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5 bedroom villa for sale, Las Brisas Golf, Marbella, Malaga Costa del Sol, Andalucia

5 bedroom villa for sale, Las Brisas Golf, Marbella, Malaga Costa del Sol, Andalucia
13,900,000 EUR

5 bedroom villa for sale, Las Brisas Golf, Marbella, Malaga Costa del Sol, Andalucia

Outstanding luxury property overlooking the Royal Las Brisas Golf course, and situated within a secure and private community, just a five minute drive from Puerto Banus. This magnificent reside...

REF: 225393
  • Floor Size: 530 square metres
  • Plot Size: 4,238 square metres (0.42 hectares / 1.05 acres)
  • Bedrooms: 5
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6 bedroom villa for sale, Nueva Andalucia, Malaga Costa del Sol, Andalucia

6 bedroom villa for sale, Nueva Andalucia, Malaga Costa del Sol, Andalucia
2,300,000 EUR

6 bedroom villa for sale, Nueva Andalucia, Malaga Costa del Sol, Andalucia

Set in beautiful landscaped gardens, enjoying breathtaking uninterrupted sea views, is this immaculately presented and majestic 4 storey, 4 bedroom villa with pool, gym and 2 independent apartment...

REF: 225335
  • Floor Size: 819 square metres
  • Plot Size: 1,474 square metres (0.15 hectares / 0.36 acres)
  • Bedrooms: 6
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5 bedroom house for sale, Competa, Malaga Costa del Sol, Andalucia

5 bedroom house for sale, Competa, Malaga Costa del Sol, Andalucia
575,000 EUR

5 bedroom house for sale, Competa, Malaga Costa del Sol, Andalucia

Nestling in nearly 6 acres of glorious land, enjoying panoramic sea views is this charming South facing 5 bedroom fully furnished B & B property with pool, located near the beach and all amenities in ...

REF: 225168
  • Floor Size: 247 square metres
  • Plot Size: 23,335 square metres (2.33 hectares / 5.77 acres)
  • Bedrooms: 5
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6 bedroom villa for sale, Marbella, Malaga Costa del Sol, Andalucia

6 bedroom villa for sale, Marbella, Malaga Costa del Sol, Andalucia
14,850,000 EUR

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

Stunning recently built 6 bedroom mansion with stunning sea views, ideally situated within a highly sought-after area on the Golden Mile and close to all amenities. Built using top quality mat...

REF: 225104
  • Floor Size: 2,292 square metres
  • Plot Size: 10,124 square metres (1.01 hectares / 2.50 acres)
  • Bedrooms: 6
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