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7 essential steps to buying in Spain

If you are planning to invest in property in Spain make sure you don't leave your brain on the plane but follow these essential steps.

7 essential steps to buying in Spain
Photo: Cristina Quicler /AFP

1. Assume that you have to do all the things in Spain that you'd do back home. The most important is to keep your wits about you and don't take anything for granted. Question all the time and ask again if you don't understand the answer. Also ask the same questions of other people and get a feel for what's right.


Photo: Shaun Curry / AFP

2. Set yourself a research budget. That money should cover all the costs of looking and getting reliable advice and must be treated as an investment. It'll cost hundreds, but it will save you thousands. 


Philippe Huguen /AFP 

3. After all the Internet research, go to Spain before you commit yourself to anything. The web is marvellous, but it can't tell the sights just off the edge of the photo or the noise and smells, pleasant and unpleasant! The cost of a few quick weekend trips looking at different areas and repeated visits to the same area once you have decided on a place will give you a real feeling for the atmosphere of places and people.


Photo: Dominique Paget / AFP

4. Remember that not all agents are bad and not all are good. However, they are paid their fee by the seller and will only get that when you buy so don't faff around too much or they will lose faith in you and move onto more decisive clients. On the other hand, don't be rushed and make sure, if you are buying the property with a partner, that you both have given full and frank opinions on the property and the information you've been given. If one isn't happy with it, they could make life miserable for themselves and the others by “I told you so”, at every minor future problem.


Photo: Josep Lago / AFP

5. You need a good lawyer who can talk fluently to you in your own language and understand fully what you are saying too. Make sure that he or she has support as sometimes at crucial moments they can be away on holiday or dealing with court cases and such like. You don't want to be left 'hanging' without assistance. They don't have to be local to the property, but must give you the feeling that they can empathise with your thoughts and problems and that they have a professional conscience, by getting answers to the questions that you don't know need to be asked. Also, the art of communication does not always come high up in the profession's priorities, so don't wait for a report on what's happening, ask for it too. Often you'll be pleasantly surprised that there has been significant progress, but somebody just hasn't thought to tell you.


Photo: Josep Lago / AFP

6.  Have the property inspected by a knowledgeable surveyor who again will have gone through all the situations you find yourself in and have the experience of years of finding solutions for clients problems. They too have to be able to talk frankly with you and give impartial advice, again answering those questions you don't know to ask, as well as those you do. Remember that they are perhaps the only professional that actually visits the property and looks at the paperwork and so, whilst the lawyer can give you 100 percent perfect paperwork, it's not much use if it only covers half the property you think you're buying or the place is crumbling about you as you sit regretting in the sun.  Being able to take a survey report into negotiations on the price of the property can easily save you many, many times the cost of the report.


Photo: Mac Hotels / Flickr

7.  Last and most important is to enjoy the process and the country, while keeping your wits about you. After all that's what you're here for, to enjoy a better life!

This guide has been provided by Campbell D Ferguson, FRICS, a member of the Residential Property Professional Group of RICS Spain, and owner of Survey Spain SL.

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LIFE IN SPAIN

EXPLAINED: How to buy a boat in Spain

Considering buying a boat to enjoy life to the fullest in Spain? Here's a breakdown of costs, legal requirements, financing options and useful tips to factor in before purchasing a bowrider, a day sailer, a yacht or any other 'barco'.

EXPLAINED: How to buy a boat in Spain

Spain has around 8,000km of coastline, and access to the Mediterranean, Atlantic, and Bay of Biscay. For boat enthusiasts, you’re spoilt for choice in Spain.

But it’s not just as simple as picking out a boat, buying it and setting off into the ocean.

There are several decisions you’ll need to make first, rules to follow, administrative hoops to jump through, and then maintenance costs on top of that.

Types of boats

The first thing you’ll need to consider is the type of boat you want to buy.

Generally they can be split into two broad categories: motor boats and sailing boats.

Motor boats are the most popular type of boat sold and offer the greatest variety of options because they include pretty much everything from smaller more affordable power boats to huge luxury yachts.

As such, you could get a smaller motor boat, say for day trips of fishing on the coast, for as little as €10,000, whereas yachts, as you can imagine, can cost millions, depending on the size, power, design and quality of the boat.

According to several Spanish maritime sources, buying a used boat that you can live on in Spain can cost anywhere between €13,000 and €150,000.

Spanish website topbarcos.com has hundreds of boats listed for you to get an idea of what’s available in the second-hand market, as well as a page for new vessels.

Sailing boats are the more environmentally friendly option and require the most skill to sail, and include light sailboats, catamarans and trimarans. Again, prices vary from €5,000 to over a million, depending on the size, type of sail, material and quality of the boat.

Once you’ve decided on the type of boat you want and found one you’d like to buy, you’ll need to consider any potential legal requirements.

A woman sits next to a yacht in Puerto Banús luxury marina in Marbella. (Photo by JORGE GUERRERO / AFP)

What are the legal requirements when buying a boat in Spain?

  • The correct nautical qualifications for the type and size of the boat you want to buy. There are different types of nautical licences to sail different boats in Spain, such as the PNB (Basic Navigation Skipper), the PER (Recreational Boats Skipper), the PY (Yacht Skipper) or the CY (Yacht Captain). Each has specific limitations in terms of length, power, distance from the coast and the type of sailing you can do.
  • Compulsory civil liability insurance that covers possible damages that you may cause to third parties with your boat.
  • Have all the necessary documentation for the boat, such as the certificate of seaworthiness and (essentially an MOT for the boat, showing that it’s in working order) and the navigation permit.
  • You’ll also need to pay the corresponding taxes on the boat purchase, such as VAT (21 percent), the special tax on certain means of transport (12 percent) or the transfer tax (4 or 6 percent, depending on the region).

READ ALSO: How do I get my boat licence in Spain

What other factors should you keep in mind before buying?

Think about what type of navigation you want to do, how often, with how many people and what your budget is. 

Don’t go with the first boat you see. Search and compare different models, brands, prices, conditions etc and don’t forget to keep an eye out for scams.

It’s a no-brainer but try the boat before you buy it, don’t just rely on photos or descriptions. Request a test ride to check the condition and navigational operation of the boat. 

If you do not have much experience or knowledge of nautical matters, it’s advisable to hire a professional to accompany you throughout the purchasing process. It could help you avoid possible legal, technical or administrative problems that arise.

They will also assist you with checking the condition of the boat’s interior: the carpentry, the engine, the electrical installation, the tanks, bilge, kitchen, bathroom and other compartments.

Here is a list of dozens of Spain-based brokers (as they’re called) or nautical companies that can assist you. 

Crucially, they will also be able to give you an informed assessment of what price you should be paying for the boat you’ve chosen. 

How can you pay for a boat?

Unless you have enough disposable income to pay for it cash, you probably want to know what kind of financing is available to you. 

There is the nautical mortgage (hipoteca náutica), which mimics the system for property mortgages, including the need for a down payment and embargo conditions in non-payment situations. 

Nautical credits (Créditos náuticos) also exist, which again are not too different from regular loans, including fewer notary costs than nautical mortgages and fixed interest rates. 

And lastly, nautical leasing is also an option, which is when a company acquires a boat and rents it to a customer for a certain period of time (normally between 4 and 15 years) and usually with an option to buy at the end of the contract.

Don’t forget the upcoming maintenance costs

If you manage all that and buy the boat, you’ll need to maintain the boat and pay costs to do so. These include:

The mooring: ie. the place where the boat is left when it is not in use. The price of mooring depends on the size of the boat and the location of the port. It can range from around €100 per month to several thousand.

However, be warned, in Spain these aren’t easy to come by. The Association of Industries, Commerce and Nautical Services (ADIN), estimates that Spain has only 107,894 moorings for 229,000 boats.

You’ll also need to pay for periodical technical checks that must be carried out on the boat from time to time to check its condition and operation. Again, the price depends on the type and size of the boat and the services contracted. It can vary from around €200 euros to several thousand.

Regularly cleaning the boat to avoid dirt, rust, algae, and parasites damaging the boat can also be quite costly. It can vary from as little as €50 for smaller boats to several hundred for bigger ones, and most experts recommend it should be done every 4-6 weeks.

READ ALSO: How to live on a boat in Spanish waters

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