Real Estate in Spain

Information on real estate and property in Spain. Including links to further information and real estate sites for Spain.

When buying, the buyer chooses a notary, who acts as the middleman for both sides. Lawyers are not necessary, but you will probably find one useful. See this page from the Spanish Notaries site about buying a property in Spain

Spain’s real estate prices went up 173% during 1997 - 2004. Some think that’s a bubble waiting to burst, while others think prices will cool off, but not go down. Indeed, the average annual increase in real estate prices eased from 15.8% in 2003, to 12.5% in 2004, and down to 10.1% in 2005. During the boom, many real estate brokers were charging considerably more than the usual 3-5%. The good news is that the builders have caught up to demand, so brokers cannot keep charging high rates. The bad news is that you often don’t know exactly what a broker has charged you until the day of the closing, when you actually go to pay.

According to the Sociedad de Tasación, as of December 2005, house/apartment prices per square meter are:

• Barcelona: 3700€
• Madrid: 3629€
• Provincial capitals: 2516€
• Non-capital cities/towns: 1840€

Sample maintenance fees when you buy a house in Spain range from 15€ - 60€. (or more with a doorman).

…Continue reading PART 2 of
Real Estate in Spain, Property Spain

Last updated 10 10 2008