When purchasing a new build property that is not yet built, or is in the process of being built, you will need to arrange for payment of your agreed stage payments. These figures vary from development to development and builder to builder. It is not an exact science! However, before you enter into any contract you will be informed of the dates and amounts of payment. Typically though, after the initial £2,000 holding deposit a payment of between 30-50% will be required within 4-8 weeks with, normally, the balance paid upon completion.

If you are purchasing a resale property, or a new property that is already built, it is very different. After payment of the initial £2,000 holding deposit the balance will be required normally within 30 days. For new build and re-sale, once your solicitor has finished their searches and investigations and the monies are paid over, the title deeds are finalised and the property is yours, all legally signed and secured. All transfers of property in Spain must be signed in the presence of a Notary Public, whose job is not to give legal advice, but to witness on behalf of the authorities the signature of the title deeds.