buy apartments on Canarias

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details of purchases apartments in Canary Islands

Many of our compatriots believe that the most profitable investment of own funds is to purchase property abroad. It is really so, and decided to buy apartments in Canary Islands, you can really wise to invest free finances. Also, buying apartments in Canary Islands, you can obtain a loan of up to 30 years with a very low interest rate.

you can Buy an apartment on the Canary Islands for different purposes: for further moving here and renting them (you will have to pay annually to two additional tax).

also note that buying apartments in the Canary Islands, you will be able to do a minimum of documents.
Preparing to purchase
Decide on what island you want to buy property. Experts advise to choose in Tenerife. Only then should browse the ads of agencies for the sale of housing.

Choosing apartments, pay attention to these points:

  • What is the view from the window (it's much more important than the condition of the property);
  • What is the infrastructure of the building where the apartment is situated: is there a pool, a terrace, what condition they are;
  • Ask how many apartments are sold in any home – if they are too many, best to look for another option;
  • When buying a home in an apartment building, check in advance about the rules of the HOA acting in it.

documentation
having chosen the appropriate option, you need to take care about the documents. To make a purchase you need:

  • Passport (valid);
  • N. I. E.-identification number of a foreigner.

the last will require additional documents:

  • Valid passport (original+copy).
  • the Contract of purchase and sale (also original and copy);
  • Completed application (please note that it is necessary to fill in Spanish).

the Subtleties of buying property in the Canary Islands
When drawing up the contract of sale you need to clarify the method of payment and the terms of the contract. In most cases, the buyer pays the Deposit (6 million euros for the primary market, approximately 10% – secondary).

Directly the bill of sale (EscrituraPublica) is issued later – 1-3 months. After signing it, paid the remaining amount.

Please note that upon purchase of an apartment on credit and the owner is the buyer. Don't forget that the Canary Islands are the annual real estate tax.

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