Want to Buy Your Next Home in the Canary Islands?
Here's HOW:
A clear step-by-step guide to buying safely and stress-free
Here's HOW:
A clear step-by-step guide to buying safely and stress-free
You're thinking about moving abroad, perhaps to a place where the sun shines all year round.
It sounds great... but then reality hits.
Buying a home in a foreign country can be overwhelming:
If this sounds familiar, you're in the right place. I completely understand, and that's why I've created this guide: to give you clarity, confidence, and a clear path to buy your home in the Canary Islands safely and successfully.
Once you have your documentation ready, it's time to buy your home. After navigating the bureaucratic maze and sorting your documents, you start searching. Hours turn into days... and finally, you find the right one.
You visit the property, love it, make an offer, and the seller accepts. The next step is signing a "Deposit Contract" (reservation contract). At this stage, you typically pay 10% of the purchase price. This shows commitment and removes the property from the market.
Important Tip: Always include a clause stating that the contract is cancelled if the bank doesn't grant you the mortgage. This protects you.
Ask the seller for a Nota Simple. This is a crucial legal document containing:
You can obtain it from the Property Registry of the municipality. Cost: approximately €20.
Now it's time to visit the bank. (If you're buying cash, skip to step 4).
Spanish banks typically finance up to 80% of the lower value between purchase price and appraisal.
You'll need to demonstrate stable income, such as:
Remember: banks only lend money if you prove you don't desperately need it.
The mortgage approval process generally takes around 20 days, though it may take longer in complex cases.
This step is critical. Let's say the selling price is €200,000. The bank sends a certified appraiser to determine the property's market value.
Two possible outcomes:
The appraisal value matches or exceeds the purchase price. Good news, no issues here!
The appraisal value is lower than the asking price. Now you have options:
This is where good negotiation and expert guidance can save you thousands of euros.
You've made it:
Now it's time to go to the Notary and sign the deed. Congratulations, you officially become a homeowner in the Canary Islands!
I know this can seem like a lot, especially if it's your first purchase here. But think of it like riding a bicycle:
The key is having the right guidance.
Don't worry, you don't have to do this alone. I'll help you through the entire process, completely FREE.
In the Canary Islands, the seller pays the agent's commission, not the buyer.
Professional advice from experts in the Canary Islands real estate market.
We accompany you at every stage of the purchase process, from search to signing.
Our legal team reviews all documents to ensure your security.
My goal is simple: to help you make one of the best decisions of your life, safely, confidently, and stress-free.
Contact me on WhatsAppOr call me directly: +34 692 843 970