Investing in Spain
Dreaming of your own home under the Spanish sun? We completely understand! It’s a fantastic step, but unfortunately, there are also pitfalls in this sector that you should be aware of. At Sublicasa, we believe you have the right to transparent, expert, and up-to-date information. Because buying a home in Spain isn’t just a decision—it’s a significant investment that you want to enjoy for years to come.
Always use a knowledgeable and professional real estate agent with the necessary
experience in the Spanish property market. Your agent knows the market inside and out: they
know the good builders, the premium locations, and all the pitfalls of the market.
They also guarantee you a 100% secure purchase through their network of lawyers, notaries, and commercial partners.
Searching for a property independently only carries risks; after all, you’re not an expert in Spanish property, builders, and locations. It increases the chance that your purchase in Spain turns into a disaster scenario, such as “We’re leaving,” “Scammed abroad,” etc.
When looking for a property on the Spanish coasts, it is crucial not only to surround yourself with an expert real estate agent but also to engage an independent Spanish lawyer specializing in real estate. In Spain, the notary’s legal role is solely to grant deeds of sale.
Unlike in our home countries, the notary in Spain has no role or authority to verify and gather the legal and financial aspects of the sale of a property. This role is reserved solely for the lawyer in Spain.
Only an independent lawyer can guarantee that your purchase complies fully with all regulations and licenses, and that the developer can provide the necessary bank guarantees.
Energy labels
Starting in 2030, European legislation on mandatory energy certificates will also come into effect in Spain.
Remarkably, this issue receives little attention, or is even completely ignored, by resale properties. 80% of properties do not meet the European Union’s climate requirements and have an energy rating lower than E.
In practice, it’s safe to say that properties built after 2015 won’t pose a problem. With new construction, you can now rest assured that the property will easily meet the minimum European requirements.
However, if the property was built before this period, it can be a completely different story.
Be sure to be aware of this when purchasing existing properties.
INCORRECT AVAILABILITY
Daily updates to our website: Sublicasa updates prices and
offers daily.
This very often does NOT happen with other real estate agents, and even less so on online
search portals. Sold properties are often not removed from websites, prices
are not adjusted, etc., creating a confusing situation for you as a client.
In fact, we’ve already found that this is done deliberately by
some parties to lure buyers to Spain.
MISLEADING PRICES
Prices are often not updated on websites and search portals. Especially on
online portals like Kyero, Idealista, etc. It’s obviously unethical to lure potential
clients to Spain knowing that their favorite property is actually more expensive or
is no longer available. Yet, these practices happen regularly.
So never judge a broker based on their lower prices; promoters
set the prices price that applies to everyone.
HIDDEN DISADVANTAGES
No property, location, or region has only advantages. Check or explicitly ask the real estate agent about the potential disadvantages. For example, is the apartment complex located next to a go-kart track or fairground, near noisy restaurants, are the apartments tourist apartments subject to 21% VAT, what is the energy rating, etc.? Does the property have a view of an electricity pole, a nearby neighbor’s wall, is the complex surrounded by old, dilapidated buildings, etc.?
RECOGNIZED REAL ESTATE AGENT AND EXCLUSIVITY
In Spain, the real estate agent profession has recently been regulated, and every agent MUST have a RAICV number. Ask for it! In theory, every agent can offer the same property; there’s no exclusivity in Spain. Therefore, using more agents doesn’t mean more listings.
Choose an agent you feel comfortable with, who provides expert information, and who responds quickly to your questions and emails. A good agent will also point out the drawbacks of properties, locations, and regions from the outset. They distinguish themselves by the quality of their advice and the selection they make in their offerings, always offering their clients the best within the given price range.
MISSION IMPOSSIBLE
We often encounter clients whose needs and desires don’t
match their maximum budget. Avoid embarking on a mission
impossible in Spain.
Unfortunately, certain needs and desires can drive up the price.
Consider search parameters: number of bedrooms, property size,
exclusive locations and views, beachfront location, walking distance to the beach, panoramic
sea views…
Be aware that some wishes significantly impact the selling price.
A knowledgeable and reliable real estate agent will inform you from the outset about the financial implications of your wishes and will certainly suggest adjusting certain parameters to keep the search realistic, thus achieving a perfect compromise.
Read the full e-book : HERE
Why choose Sublicasa?
With over 17 years of experience, we have the know-how to protect you
from the pitfalls.
Transparency, customer focus, and honesty are our core values.
We provide personalized guidance without sales pitches and always explain
the pros and cons. Our website is updated daily,
so you always have access to current prices and
availability.
Discover our properties our portfolio.