What is the Property Buying Process in Spain?

Question: What is the property buying process in Spain?

Answer:
The process of buying property in Spain can be relatively straightforward if all the correct steps are followed. Here’s a detailed explanation:

1. Property Search: The first step is to find the right property. It is advisable to work with a specialized real estate agent to help filter options based on your needs and budget.
2. Reservation Agreement: Once you find a property you like, you typically sign a reservation agreement, where you pay a sum to secure the property and take it off the market.
3. Preliminary Contract (Arras): This is a preliminary agreement between the buyer and seller. A deposit (usually 10% of the property’s value) is paid, and terms for the sale are agreed upon.
4. Obtaining the NIE: If you are a non-resident, you will need