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 townhouse for sale, Estepona, Malaga Costa del Sol, Andalucia

4 bedroom townhouse for sale, Estepona, Malaga Costa del Sol, Andalucia
370,000 EUR

4 bedroom townhouse for sale, Estepona, Malaga Costa del Sol, Andalucia

Spacious and well presented 4 bedroom townhouse, with a total living area of 225m2, ideally situated close to the picturesque old town of Estepona, with a variety of local amenities from tapas bars to...

REF: 226958
  • Floor Size: 225 square metres
  • Plot Size: 189 square metres (0.02 hectares / 0.05 acres)
  • Bedrooms: 4
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4 bedroom apartment for sale, Bahia Vista Hermosa, Marbella, Malaga Costa del Sol, Andalucia

4 bedroom apartment for sale, Bahia Vista Hermosa, Marbella, Malaga Costa del Sol, Andalucia
745,000 EUR

4 bedroom apartment for sale, Bahia Vista Hermosa, Marbella, Malaga Costa del Sol, Andalucia

Spacious and well maintained 4 bedroom apartment, with a total living area of 233m2, ideally situated just a 2 minute walk to the best beaches on the Costa del Sol, within a quiet setting in Bahia Vis...

REF: 226957
  • Floor Size: 233 square metres
  • Bedrooms: 4
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6 bedroom villa for sale, Sierra Blanca, Marbella, Malaga Costa del Sol, Marbella Golden Mile

6 bedroom villa for sale, Sierra Blanca, Marbella, Malaga Costa del Sol, Marbella Golden Mile
12,750,000 EUR

6 bedroom villa for sale, Sierra Blanca, Marbella, Malaga Costa del Sol, Marbella Golden Mile

Impressive, grand, spacious and palatial-style mansion, with a vast total living area of 1,688m2, ideally situated within an exclusive and highly sought after gated community of villas just below Sier...

REF: 226891
  • Floor Size: 1,688 square metres
  • Plot Size: 3,806 square metres (0.38 hectares / 0.94 acres)
  • Bedrooms: 6
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7 bedroom villa for sale, Sierra Blanca, Marbella, Malaga Costa del Sol, Marbella Golden Mile

7 bedroom villa for sale, Sierra Blanca, Marbella, Malaga Costa del Sol, Marbella Golden Mile
5,500,000 EUR

7 bedroom villa for sale, Sierra Blanca, Marbella, Malaga Costa del Sol, Marbella Golden Mile

Spacious, elegant and classical 6 bedroom villa, plus guest/staff accommodation, set within a lush south facing garden of 2,004m2 with a swimming pool, ideally situated in one of the most luxurious an...

REF: 226882
  • Floor Size: 588 square metres
  • Plot Size: 2,004 square metres (0.20 hectares / 0.50 acres)
  • Bedrooms: 7
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5 bedroom farmhouse for sale, Casares, Malaga Costa del Sol, Andalucia

5 bedroom farmhouse for sale, Casares, Malaga Costa del Sol, Andalucia
6,995,000 EUR

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

Excellent opportunity to acquire a luxurious Spanish country estate with equestrian facilities - conveniently located just 30 minutes from Marbella and 20 minutes from Sotogrande. This beautifu...

REF: 226855
  • Plot Size: 120,000 square metres (12.00 hectares / 29.65 acres)
  • Bedrooms: 5
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4 bedroom apartment for sale, Javea, Alicante Costa Blanca, Valencia

4 bedroom apartment for sale, Javea, Alicante Costa Blanca, Valencia
360,000 EUR

4 bedroom apartment for sale, Javea, Alicante Costa Blanca, Valencia

Spacious 4 bedroom duplex apartment, with a total living area of 190m2, situated in a central area of Javea, within easy walking distance of a full range of amenities and the port. Situated on...

REF: 226759
  • Floor Size: 190 square metres
  • Bedrooms: 4
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Restaurant Bar for sale, La Mairena, Malaga Costa del Sol, Andalucia

Restaurant Bar for sale, La Mairena, Malaga Costa del Sol, Andalucia
450,000 EUR

Restaurant Bar for sale, La Mairena, Malaga Costa del Sol, Andalucia

With great income potential and the opportunity to convert into a large apartment, this superb 2 storey south facing restaurant is ideally situated on a main road in La Mairena, with a lift and easy p...

REF: 226732
  • Floor Size: 233 square metres
  • Bedrooms: 0
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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
210,000 EUR

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

Full of character and charm, this lovely 3 bedroom house, which is estimated to be up to 250 years old, is one of those little treasures that occasionally becomes available for sale, situated in a tin...

REF: 226618
  • Bedrooms: 3
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4 bedroom townhouse for sale, Tomillar de Nagueles, Marbella, Malaga Costa del Sol, Andalucia

4 bedroom townhouse for sale, Tomillar de Nagueles, Marbella, Malaga Costa del Sol, Andalucia
695,000 EUR

4 bedroom townhouse for sale, Tomillar de Nagueles, Marbella, Malaga Costa del Sol, Andalucia

Superb 4 bedroom corner townhouse, ideally situated within a gated complex in Tomillar de Nagueles, close to Marbella, with beautiful communal gardens and a swimming pool. Built to a very high...

REF: 226582
  • Floor Size: 309 square metres
  • Bedrooms: 4
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5 bedroom villa for sale, Marbella, Malaga Costa del Sol, Marbella Golden Mile

5 bedroom villa for sale, Marbella, Malaga Costa del Sol, Marbella Golden Mile
1,200,000 EUR

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

Full of character and charm and beautifully presented throughout, this spacious 5 bedroom villa, with a total living area of 265m2, is ideally situated in a quiet setting on the Golden Mile. S...

REF: 226566
  • Floor Size: 265 square metres
  • Plot Size: 2,634 square metres (0.26 hectares / 0.65 acres)
  • Bedrooms: 5
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