Work in progress blog… we’ve found a building that we want to buy and have the funds in place to buy. However the Spanish system is a little challenging.
Luckily I met the family we’re buying from yesterday, they seemed great, and that has put me at ease.
Buying a property in Spain (Tenerife), the system / process is bonkers in so many ways.
I’ll upload more documents once the transaction is complete, and provide links to people and resources I found useful and helpful during the process. I will also be providing guides, and knowledge of pitfalls/scams I have read about online, as there are plenty of horror stories of people buying property in Spain… being “sold” different buildings to what they thought, buildings being sold twice…
What was making the whole process very nervous for me was that the current owner needs me to purchase quickly due to their own personal circumstances, which obviously makes me feel uneasy about the entire process… it makes me question things even more as we’re rushing a bit.
It being in another language adds to the complexity… but hey I like challenges.
Old bills are your debt, not the previous owners?
Here is a list of some of the stuff that makes buying/renting property in Spain bonkers:
Lets say the previous owner you’re buying from didn’t pay…
- their utility bills, unless you check prior and account for them in the legals / payment then those bills become yours to pay
- their service charge bills, unless you check prior and account for them in the legals / payment then those bills become yours to pay
- their property tax, unless you check prior and account for them in the legals / payment then those bills become yours to pay
- There are plenty more similar items where the same applies, it makes the whole process quite scary.
Land registry in Spain is weird
The land registry system is split into two separate parts, the map / cartography elements sit in one database and the registry documents sit in another.
Registering to pay tax, you’d have thought this would be easy?
In order to purchase a property or have a job in Spain you need a NIE (a bit like a national insurance number).
Applying for a NIE… should be translated to “lets make it tough for people to pay tax”, do they not realise that we’re trying to pay tax! (we’re the good guys, we’re not Apple or Amazon etc) you really couldn’t make this up. Here I am wanting to pay tax and they’re doing their best to make the process as bureaucratic and impossible as possible…
- Why is it not just an online process where you pay, upload a selfie video (a bit like joining new banks in the UK) and upload a copy of your passport (… and maybe even proof of address).
- Having to book an appointment at the embassy a week in advance to drop a form and passport photos?… I want a tax number, I’m not applying for permanent residency (…or am I! #Brexit).