Advice urged for Spanish investors
Property buyers setting their sights on Spain are being urged to take precautionary measures before committing to a deal, in order to be aware of all legal implications and avoid potential problems in the future.
Experts raise concern that many buyers entering Spanish investment property deals are doing so without always being aware of the finer detail, a problem that can be exacerbated by language barriers. As such, investors are being encouraged to employ the services of a translator.
"The biggest thing that people need to ensure is that they understand what they're signing and they make sure that they have translation," explained Les Calvert, director of Property Abroad.
"So at the notaries office, when they physically come to sign for the property, make sure that they know exactly what it is they're signing."
Mr Calvert continued to state that buyers should be aware of any debts or planning permissions associated with a property that they would ultimately be responsible for.
For this reason it is also recommended that buyers obtain independent legal advice to verify any claims or promises.
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