Purchase Process in Spain (Updated Guide)
Once the right property has been found, the purchase process in Spain is generally divided into three key stages:
1. Property Reservation
Once your offer has been accepted by the seller, the property can be reserved to begin the legal verification process.
- The reservation deposit usually ranges between €3,000 and €6,000, depending on the property and agreement.
- This payment temporarily removes the property from the market.
- During this period, your legal representative will carry out essential checks to ensure:
- The seller is the legal owner
- There are no outstanding debts or charges
- The property is legally registered and eligible for sale
This stage provides security while the necessary due diligence is completed.
2. Private Purchase Contract (Contrato de Arras)
Once all legal checks have been successfully completed, the next step is to sign the private purchase contract, known in Spain as the Contrato de Arras.
- At this stage, a payment of 10% of the agreed purchase price is typically made, minus the reservation deposit already paid.
- The contract outlines all the agreed terms and conditions of the purchase.
- It also establishes the completion date, when the sale will be finalised before a notary.
This contract is legally binding and protects both buyer and seller.
3. Signing at the Notary
The final step is the signing of the public deed of sale (Escritura Pública) before a Spanish notary.
- The remaining balance of the purchase price is paid.
- Ownership is officially transferred to the buyer.
- The keys to the property are handed over.
🎉 Congratulations! From this moment, you are the legal owner of your new home in Spain.
Note:
This process applies to both residents and non-residents. Tax obligations and costs may vary depending on your personal situation, so professional advice is always recommended.
Ready to take the next step?
We handle the entire purchase process so you can buy with confidence and peace of mind.
Contact Hello Spain Properties today.
