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1. Find a property

Visit your local estate agents and discuss with them what you are looking for and the budget available. The agents should know the properties that will suit your criteria and will recommend a number of English speaking solicitors.

Donʼt miss out on your dream property due to currency fluctuations. Times Currency Services can help you fix an exchange rate.

2. Research the property

Organise a survey; your independent Abogado (solicitor) will provide a publicly registered title deed or escritura publica. The estate agent will have copies of the simpla nota (a report from the Property Registry). Donʼt forget to get a copy of latest utility bills from the seller to ensure the property is debt free.

3. Get legal and tax advice

Estate agents will be able to give you a breakdown of all local, regional and national taxes, rules and regulations and costs associated with the property. Allow 10% for legal, notary fees and taxes related to purchase of property.

4. Place your offer

Place an offer through the agencia inmobiliaria (estate agent) – most agents charge usually between 5-10%. Donʼt forget to find out whatʼs included in the price and negotiate the best deal.

5. Sign the Arras/ Pre-Contracto private de compraventa (pre-agreement contract)

Ensure it includes the agreed selling price, whatʼs included and the date for the final payment. You would lose your deposit and the seller would have to pay double if either pull out of the agreement. Donʼt forget to include conditions in the contract (e.g. financing, survey results, planning).

6. Pay deposit in Euros (usually 10%)

Contact Times Currency Services to arrange for all funds to be made available in the overseas bank account nominate d by you (e.g. your notarioʼs account) when your offer is accepted. Times Currency Services will transfer your funds to the notarioʼs account on the date you tell us.

7. Sign the Escritura Publica (the deed)

Make an appointment with the local notary to view the signing and register it at the Registro de la Propiedad. New owner must have NIE number; a fiscal number stating whether owner is Spanish or non-resident.

If this does not take place, the property will not officially be yours.

8. Arrange funds for the purchase

You will need to pay the outstanding balance to the vendor once the deed has been signed. Contact Times Currency Services to convert your sterling (or other currency) into euro, and take advantage of our best rate guarantee.

9. Register property

Ensures ownership rights are fully protected. There will be a standard fee charge.

10. Setup mortgage and general upkeep payments

Remember you may need to transfer funds across for mortgage or general maintenance costs. You can set up a regular transfer plan with Times Currency Services to secure your rates and minimise currency risks.


This document is for information and educational purposes only. Investing in property carries a certain amount of risk which you should research before purchasing any property. If you are unsure about the risks or procedures involved please seek independent advice.

The research contained herein has been generated by employees of World First UK Ltd, and is a true reflection of their views and opinions. We do not act as advisor or in a fiduciary capacity.