This is the case even though the mortgage has been paid off following the sale of the property. While not a legal requirement, it is preferable to have the previous mortgage removed from the property register. Removal of the Previous Mortgage From the Registry Please note these may vary and the cost must always be confirmed by the notary before proceeding:Ĭost of Buying a Property in Spain: land registry vs Property cost A notary is an independent official who oversees the process and ensures that the proceedings take place according to the law and that the documentation is verified.īelow is a table with approximate costs according to house price. The process involves the drawing-up of the deeds of transfer by a public notary. There is also always a risk of fraudulent behaviour if the public deed does not reflect your ownership of the property. While it is perfectly legal to arrange for the transfer of a property in Spain via a private legal contract, this is not the typical way of doing so.įrom a practical point of view, no financial institution will offer a mortgage to facilitate the purchase without a public deed.
PROPERTY EVALUATOR CADIZ KY PROFESSIONAL
The Association of Professional Property Surveyors recommend a price of between €250 and €300 for a property valued at €120,000 and it increases according to the value of the property. Ultimately, the financial institution will have to accept the surveyors report and so you will most likely use one recommended by them or by an independent surveyor like TINSA that is well known and has links with most of the financial institutions. Does the surveyor need to access technical information (plans etc)?.Will the surveyor need to charge expenses (mileage etc) to reach the property?.Not all surveyors or survey companies charge the same.The minimum amount chargeable for the carrying out of a valuation is €208 and will ultimately depend upon the following factors: The amount charged by the notary is controlled by law and varies according to the price of the property.
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