Frequently Asked Questions (FAQ)

If you decide to buy a property in Spain, we will first work together to clarify the criteria the property should meet and the amount you want to invest. We can advise you on this with expertise, as we have been active on the Spanish property market since 1996. You will receive a preliminary offer from us, and then we will choose a date for you to fly in personally for viewings. If you need help with flights, accommodation, transport, etc., we will help arrange this for you. You will then go on viewings with a Czech- or Slovak-speaking representative (depending on the chosen area), who will also give you more detailed information not only about the properties you see but also about the location. If you choose a property from the offer, we will arrange for the preparation of documents from the seller and connect you with a law firm in the given location, where we always have a Czech-speaking person who will be in charge of the whole process. After the basic parameters have been verified (verification of the Nota Simple — the land registry record), you will be asked to pay a reservation deposit, which serves to withdraw the property from the market so that it is no longer offered to other interested parties. The law firm will then thoroughly check all the documents and prepare the purchase contract in cooperation with the seller's lawyer. It will also take care of obtaining the NIE and, if necessary, opening a bank account.

The purchase contract is signed before a notary. Payment is usually made by cheque from your account at a Spanish bank (in the case of an older property), or by transfer to an escrow account (in the case of a new build). On the day the purchase contract is signed, you become the owner of the property. The notary then carries out a further check and registers the property in the land registry.

The NIE (Número de Identificación de Extranjero) is a foreigner identification number required by the Spanish Ministry of the Interior. This number is necessary for all transactions related to buying and using a property (registration with authorities, taxes, utility transfers, etc.).

The usual time is 4–8 weeks.

The Spanish law firm (its representative) can represent you in everything on the basis of a power of attorney. This must be drawn up in Spain (or at the Spanish consulate in Prague) and notarized. This usually happens at the beginning of the whole process, when the reservation is signed, after which the firm will handle everything else for you.

When buying a property, you must factor in additional fees such as the property transfer tax for older properties (7–10% of the price depending on the location), or for new builds, IVA (VAT) at a rate of 10%. There are also legal and notary fees and land registry fees — approximately 3–4%.

You must pay property tax once a year via direct debit from your account, waste tax once a year via direct debit from your account, and file Modelo 210 — the non-resident tax return; if you rent out the apartment, you must also file an income tax return. All of this can be arranged by the law firm or by the Czech-speaking tax advisor we recommend (depending on the location). There are also community fees (in the case of shared facilities — pool, garden, hallways, etc.) and utility payments.

For short-term rentals (Airbnb-type), a license is required. Medium- and long-term rentals are unrestricted. However, rules vary by location, there is no unified legislation, and these rules often change. We will give you more detailed information about the rules in specific locations based on the current situation during a personal discussion right at the first meetings, so you can decide accordingly.

We do not charge a commission; the commission is paid by the seller or the developer. The sale price is always the same and is not increased by a commission, so, for example, if you buy a property directly from a developer, the price does not change — you will just have more to worry about in arranging the other services that we can provide for you.

In the locations where we offer properties (Costa Blanca, Costa del Sol, Costa Cálida, Almería, Mallorca, the Canary Islands, and others), we have Czech-speaking representatives who are available to you throughout the entire process and whom you can contact at any time. They are also able to recommend other Czech-speaking services (tax advisors, tradespeople, etc.).