Buying property Costa Del Sol

Buying property on the Costa Del Sol Spain is becoming easier as the government have introduced a legislation that protects any prospective buyer of Spanish property on the Costa Del Sol. Under the new law (Decree 218) any person looking to sell their property they must by law supply to the estate agent all documentation relating to the property being offered for sale, the estate agent will show the prospective buyer of a property that they are interested in purchasing the (Decree 218).

 What does this mean to the prospective purchaser Costa Del Sol property?

The Decree 218 is a formal legal set of documentation that the property is built in accordance of the original PGOU 1986, meaning the property is fully licensed and built within the official guidelines, all relevant taxes have been paid, all community and utility bills have been paid and are up to date.

With the (Decree 218) in force this certainly gives all prospective buyers of Costa Del Sol property complete peace of mind that they are making the right decision when they have found a property that suits their requirements whether it be for a holiday home or purely for a long term investment.

How has this legislation affected the Costa Del Sol property market and property agents?

Over the past 2 years we have seen many large estate agents closing their doors due to large operational overheads and property sales almost went to a stand still unable to pay their staff many tried to diversify into other property markets in a last ditch attempt to keep their business, what they failed to see is that people who know the Costa Del Sol want to buy a property their, they do not come to a estate agent based on the Costa Del Sol to buy a property in the Middle east. What we see now is a more professional and more transparent property market that is starting to gain strong interest from many people who have always dreamed of owning a property on the sunny Costa Del Sol.