Some facts about Spain real estate values
While buying a house in Spain one asks himself: why Spain?
The answer is simple. First comes Spanish mentality. They are amicable, relaxed, democratical and have no snobbism. Then goes their climate. Spain is considered to be a piece of Paradise in Europe. Its weather
is stable and warm. Spain real estate values can’t but please. The cost and advantages correlation is perfect. Spain is one of the politically stable countries. The only problem is ETA action. The last comes the quality of life that is really good there with their happy life without stresses, good climate, healthy food and reasonable prices.
Any physical or juridical person (including foreigners) has the right to buy the real estate. But Spain real estate values have many nuances. For example there are areas that are oriented only for agricultural needs or they are historical, archeological or another value. To build anything there is prohibited.
So the first step while buying the real estate is the current account opening regardless of the fact you use it or not. If buying the real estate to the credit it’s better to open the account in the bank that will finance you. The current account will be a necessary document when getting a reference of the money origin. Those who don’t live in Spain get the credit if 80% of the sum.
To get the mortgage one needs to present the documents confirming your income: the information from your work, income declaration, document from the bank where you are usually served. Another obligatory document is tax foreigner number that is given in Spain civil police. They are given on the basis of the document that confirms the real estate purchase. Such document can be Contrato del Senal, where the buyer data, apartment short information, the buying and selling contract signing term, the deposit sum that is the official guarantor of the real estate buying in and also the documental prepayment.
All the useful data from the moment of deposit paying to the notary buying and selling contract signing are put into real estate register called Registro de Propiedad and its number is shown in the purchasing contract.