Our glossary includes some Spanish words which will be useful if you want to buy a house in Spain. Buying property is a serious business, and even if you don't speak Spanish, if you learn the basic concepts you will feel more confident as you go through the procedure of buying your house in Spain.
Non resident sellers pay on the notary day a retención of 3% of the purchase price. This is a deposit which the buyer has to pay to the fiscal authorities in the name of the sellers to cover the taxes from any gain in the sale price
Tipo de interés
Rate of interest
Título de propiedad
Deeds stating the ownership of property, date of sale etc.