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spanish-legal-advice-solicitors

real estate murcia

The seller or developer of a new property should provide you with:

Deed of declaration of new construction

Occupancy permit

Certificate of rateable value of the property

Normally, before the purchase of a property is made official, there is a prior agreement drawn up between the real estate murcia the buyer and seller.

This document will identify the two parties and set out the terms of purchase.

You must seek legal advice before signing this and you must be sure that this is the property you want to buy.

You can lose any deposit you have paid if you pull pull out of real estate murcia the purchase and there is a penalty clause in the contract.

In the case of the seller defaulting then he has to pay twice the amount.

When it comes to signing the contract, this has to be before a notary, in the form of a public deed.

This real estate murcia This ensures that the details are entered onto the public records.

Insurances

Fire insurance is compulsory by law when taking out a mortgage.

Comprehensive household insurance is available to protect your home and contents.

Life insurance can be taken out to guarantee payment of the loan in the case case of death.

real estate murcia

The cost of property - trends

Official figures for the Costa del Sol state that property prices will increase this year by 12-15%.

It is claimed that an average new property with two bedrooms in a block now costs 241,000 euros (around 2,000 euros per square square metre) real estate murcia .

An average villa costs 388,100 euros.

On the Costa del Sol there are around 20,000 homes for sale, 40% of which is in the Marbella area.

75% of home buyers on the Costa del Sol are foreign.

The increase in prices is leading to an increase in the

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