| PURCHASING AND FINANCING PROPERTY IN SPAIN |
| consideration, whether or not you are a resident or not. As a resident owner your property taxes are significantly less than that of a non-resident. Spanish residency generally does not differentiate between citizens and non-citizens. It is HIGHLY advisable to use a Spanish real estate attorney to culminate any real estate transaction in Spain. Title and lien issues can be complicated, and a good attorney will simplify the process. Fees are reasonable and many specialize in helping non-citizens. Finanacing is readily available for up to 70% of the listed value (not selling price). Interest rates are very competetive and access to these loans can be easier than in the United States. The following sites have some very good property and legal information. http://www.theloancentre.net/mortgages_in_spain.htm http://www.spanishestate.com/buying.asp http://www.gogoestates.com/taxes.html |