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Property Purchase Process in Spain – Step by Step on Fuerteventura

Overview of the Purchase Process

  • Buying property in Spain follows a clear and structured procedure.

  • AMV guides buyers through every phase – from the initial analysis to the notarial transfer of ownership.

  • Transparency and legal certainty are at the core of each step.

Step 1 – Needs Assessment & Property Analysis

  • Define budget, location, and intended use.

  • Receive initial property proposals.

  • Cross‑check cadastral data and Escritura.

  • Verify the legal starting position.

Step 2 – Document Review (Due Diligence)

  • Ownership verification.

  • Encumbrances and embargo checks.

  • Cadastral data validation.

  • Energy certificate (CEE).

  • Tax status (IBI, Plusvalía).

  • Building permits and planning compliance.

Step 3 – KYC Verification of Buyers

  • Identity verification.

  • Financial pre‑qualification.

  • Document cross‑check.

  • Protection of property owners in off‑market transactions.

Step 4 – Reservation & Arras Contract

  • Written reservation.

  • Payment of the Arras deposit (typically 10 %).

  • Contract terms and deadlines.

  • Withdrawal and liability clauses.

Step 5 – Preparation for Notarial Signing

  • Compilation of all required documents.

  • Tax calculation (ITP, AJD).

  • Preparation of payment channels.

  • Verification of powers of attorney.

  • Coordination with notary and property owner.

Step 6 – Notarial Signing & Transfer of Ownership

  • Signing of the Escritura.

  • Payment of the purchase price.

  • Key handover.

  • Land registry entry.

  • Settlement of taxes.

Step 7 – After the Purchase

  • Transfer of water and electricity contracts.

  • Municipal registration.

  • Tax registration.

  • Property management and administration.

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