Calpe is a city in Costa Blanca focused mainly in tourism. And the reasonable property prices, incredible food, mild weather, and cultural history make it one of Europe’s most popular hotspots. Buying a property in Spain is something that’s on many Britons’ wish list.
Although it can also be tempting to rush into the buying process when you have set your eyes on the beautiful villas in Calpe or any other type of residential property, there are a lot of things you and your clients should be aware of. Purchasing property in Spain has different rules and laws for those from the UK. Here are some pitfalls that should be at the fore of your mind before purchasing any property:
1. Get a Professional Lawyer On Your Side That Speaks English and Spanish
It’s important to hire a trustworthy lawyer to help you through the buying process. An English and Spanish speaking lawyer will understand well everything about the industry and will also be able to assist you with communication, contract translation, and other legal necessities at the time of buying villas in Calpe.
And if you don’t hire a lawyer then you are guaranteed to run into the linguistic problem, miss something in the Spanish small print, and get tripped up by Spanish law that you may have no idea exists.
2. Ensure Proper Registration of The Property
At the time of buying villas in Calpe, you need to make sure the property that you are looking at has been registered correctly. It’s a very common problem in Spain, whereby the property’s owner registers their property of a certain size.
Due to this reason, make sure that the property that you are looking at is correctly registered for its actual size. For example, if it’s a three-bedroom property, make sure it isn’t registered as a two-bedroom house, etc. And it also incurs extra tax when you re-register it.
3. Buying Properties Before The Completion of Development
This is one of the major problems that you may encounter when purchasing a property in Spain, and it is investing in a development that is yet to be finished. Many villas in Calpe are previously completed before purchasing, but it is advised that you avoid investing in estates that are in the development stage.
There is much Spanish development that is infamous for incompletion and developers are known to run out of finances. And there have been more than a few cases where purchasers have been left with incompletely finished properties and this is something you should be fully aware of.
There are a lot of pitfalls when it comes to buying a property in Calpe, and the above-mentioned things are some of them. So, you need to be aware of the problems that come with investing in a property overseas.
