Declared value

In the past it has been an accepted practice in Spain that the “Declared Value” that appears on the Escritura is less than the actual purchase price of the property.  Recently the authorities have been tightening up on this and we and our lawyer now insist that you now declare the full purchase price.

If furniture is to be sold by the seller a private agreement between the buyer and the seller can be made but this is outside the legal process.

Funds to purchase

If purchase funds are being transferred from the UK, or a Banker’s Draft is needed from your Spanish bank. Make sure that any transfers from your UK bank is ordered in good time.

Your lawyer will send you an email on the total funds you require.

Rather than use your UK bank to transfer money to Spain you can consider using a currency broker. A number of these can be found in the Directory section of our web site.