Property Search

Live chat ,
How may I help you?
Recieve the lastest
news and property offers as soon as
they arrive!
Sign in
Your email please
Your email please

Purchase Guide:

Step 1

Finding the Right Property for You
Search through our extensive property database where you’ll find a lot of variety in type and price. Type in your requirements and away you go if you are not on the island, please submit a brief request and we will contact you personally to provide additional information on a particular property or to answer any queries you may have.

Step 2

We are in contact with a number of major banks here and if finance is required, we can help to make that happen. All you will need to do is show the relevant paperwork and you will receive an answer within a short space of time. The banks that we deal with also speak English so direct communication will not be a problem at all. You will find excellent rates and conditions with all the banks here in Lanzarote. The banks normally offer you as a non-resident, up to a maximum of 80%

Step 3

Sale and Purchase Contract
The Sale and Purchase Contract commits both the vendor and the purchaser to the conditions stated therein. Upon signing this document another instalment is made, usually a minimum of 10% of the sale price.

Step 4

Paying the Deposit
Once you’ve found the right property, an initial deposit is paid to hold the property until the Sale and Purchase Contract is signed. At this stage your lawyer will step in. We work closely with independent lawyers and we would be happy to recommend you their services. A lawyer will carry out searches on the property to ensure that you can safely go ahead with the purchase.

Step 5

N. I. E.
This is a “Numero de Identificacion de Extranjeros” The N.I.E. is an essential for all non-residents buying a property in Spain, This is easy to obtain and we will help you through this procedure.

Step 6

Signing the Title Deeds
TheTitle Deeds are signed before a Notary. A date will be arranged and you will be assisted to make sure that all paperwork is correct, on your from both parties to ensure this day goes as smoothly a spossible for you. Again, your lawyer will play a big part in this area.

After signing, the remaining amount to pay for the property will be handed over to the vendor either in cash or by bankers’ draft. Upon doing this you will receive the keys for your property.

Additional Costs

If you calculate approximately 8.5% of the sale price for a sale with no mortgage and approximately 10% for a sale with a mortgage, you will account for the additional costs involved, these being:

Resale Property: Transfer Tax – 6.5% of the sale price
New Property: IGIC – 5% of the sale price plus 0.75% Stamp Duty
Land Registry Charges
Notary Fees Lawyers Fees
Translator Fees (if you are not a Spanish speaker)
Plus valia Tax (similar to Added Value Tax)

If you do not speak Spanish you will require the services of a translator on the day you sign the title deeds . A translator's fees are approximately between 40€ and 90€.

Your lawyer will be able to provide you at a later date with a complete break down of fees and charges and also make sure that all these additional costs are paid for on your behalf. In most cases there will be a surplus in your favour that will be returned to you