Don’t make these COSTLY Mistakes When Buying Property in Spain

Purchasing property in Spain is an exciting venture — whether you’re seeking a vacation home 🌴, an investment opportunity 📈, or a permanent residence under the Mediterranean sun ☀️. However, the Spanish real estate market has its unique intricacies that can trip up even seasoned buyers. In this guide, we’ll explore six critical mistakes that could cost you dearly — and how to avoid them like a pro. ✅

❌ Mistake #1: Relying Solely on Online Property Portals

While platforms like Idealista and Fotocasa are popular, they’re often outdated ⏳ or filled with listings that have already been sold — or never existed! 😤 These “ghost” listings serve as bait to capture your contact info, leading to disappointment and wasted time.

💡 Tip: Always verify listings with a trusted local agent who knows the market inside out. 🧭 Better yet, let them cross-check your Idealista shortlists to confirm availability before you plan a trip or make a call.

💸 Mistake #2: Underestimating Additional Costs

In Spain, the listed property price is just the beginning. 🧾 On top of the sale price, you’ll face an additional 10–13% in taxes and fees, including:

• 🏛️ ITP or VAT: Resale homes are subject to ITP (7% in Andalucía), while new builds incur 10% VAT plus 0.5–1.5% stamp duty.

• 📑 Legal Fees: Hiring a lawyer (highly recommended!) typically costs around 1% of the purchase price.

• ✍️ Notary & Registry Fees: Expect around €400–€1,000 depending on the property.

• 🏦 Mortgage Costs: Include valuation, bank fees, and often insurance.

📊 Tip: If you’re budgeting €500,000 for a home, be prepared for a total cost closer to €550,000. Know your numbers before making that leap!

🔍 Mistake #3: Skipping Proper Property Research

That mountain-view terrace might steal your heart 💘, but don’t let love cloud your judgment. Buyers often overlook red flags because they’re emotionally attached after one viewing.

🕵️‍♂️ Tip: Request a Nota Simple to confirm legal details. Ask about community fees, maintenance history, and previous repairs. And if the building has a community association, ask for the last AGM minutes 📚 to understand what’s going on behind the scenes.

🏘️ Mistake #4: Ignoring Community Rules

Many Spanish homes — especially apartments and townhouses — belong to communities with their own rules 🧑‍⚖️. Want to rent short-term on Airbnb? Grill on the terrace? Walk your dog in the garden? You might be shocked to learn what’s forbidden! 🚫

👀 Tip: Always ask about the community bylaws, upcoming special fees, and rental policies. Some communities strictly prohibit short-term letting, even if it’s legal under national law. Knowledge here is 🔑.

⚖️ Mistake #5: Skipping the Lawyer

Yes, you can buy a home in Spain without a lawyer… but you really, really shouldn’t. 🙅‍♀️

A local lawyer ensures the property is legally sound, free from debt, compliant with urban planning laws, and correctly registered. They also protect your deposit during due diligence. It’s 1% of your purchase price — money very well spent. 💼✅

🧠 Tip: Choose an independent lawyer — not one recommended by the seller or agent — to avoid any conflict of interest. They’ll be your best line of defense.

📝 Bonus Mistake #6: Poorly Structuring Your Offer

You’ve found your dream home. You’re excited. But before rushing to sign that reservation contract ✒️, slow down and get your offer terms in order.

An offer should include:

• ⏳ How long you need to complete the deal (with buffer time)

• 🛠️ Conditions like “subject to survey” or “subject to mortgage approval”

• 🪑 Inventory agreements — avoid vague phrases like “personal items excluded” 😒

📌 Tip: Clarify everything upfront — including furniture, deadlines, and deal-breakers — before handing over your deposit. If you’re applying for a mortgage, try to include a subject-to-finance clause (though note this is rare in Spain and not always accepted).

✅ Final Thoughts

Buying a home in Spain is a thrilling and life-changing adventure — but only if you do it right. 🇪🇸✨

By avoiding these six costly mistakes, you’ll not only protect your investment, but also enjoy peace of mind during one of the biggest purchases of your life. Whether you’re buying for lifestyle, retirement, or ROI, being informed is your best asset. 💪

Need guidance? We’re here for you! The HiHomes team is passionate about helping international buyers succeed in the Spanish property market — with transparency, care, and local know-how. 🧡

Contact Hi Homes:
📧 Email: [email protected]
📞 Phone: +34 951 084 264
💬 WhatsApp: +34 645 58 60 63
🌐 Visit: www.hihomes.es