4 Tips when Buying a House in Lanzarote

Get insights for buying a house in Lanzarote with these 4 tips from expert, English-speaking lawyers in the Canary Islands, let us help you!

Buying a house in Lanzarote

Having assisted clients for more than 15 years in Lanzarote, there are a few things you should know because purchasing a property here. Please find below some advice that will help you to avoid any problems when buying a house in Lanzarote

Know the Costs of Buying a House in Lanzarote

Costs can vary depending on the type of property, the personal circumstances of vendors and buyers (tax residency) etc. It is recommended to obtain a report of tax costs, notary and land registry costs, legal fees, community fees, utility bills, alarm costs, etc. before confirming the purchase so you will not receive any unpleasant surprises.

Paying a Holding Deposit

This is a critical moment because we see frauds being carried-out frequently. Please make sure you are absolutely sure that you want to go ahead with the purchase, that you are dealing with a reliable real estate agency, that the vendor has good title to sell and that you understand the conditions of the holding deposit contract.

We have had to deal with some very difficult situations such as losing the deposit because the terms of the deposit contract were not clear enough.

This can mean that a claim has to be lodged in Court, and it is not unknown for the real estate agency to disappear with deposits, etc. So make sure you check the contract deposit properly before signing it.

Check Any Restrictions

When buying an apartment or villa on a community of owners in Lanzarote make sure that you understand any restrictions there may be in place. Such restrictions may include not being able to let the property to tourists or restrictions on having pets. There may also be problems with squatters, which unfortunately is a not uncommon situation at the moment in Spain as a result of the rather ineffective regulation against this type of situation.

Date for signature at Public Notary

Never attend the public notary office for signing your purchase by yourself even if you speak fluent Spanish. 90% of purchases, problems and doubts will come up at the Notary Office and you need somebody watching your back and translating from Spanish.

For example: a certificate from the land registry must be checked on the same day before signing the purchase to avoid surprises, several important clauses and documents such as certificates, tax payment receipts must be attached to the deed, etc. An independent lawyer will make sure every detail is properly done.

Buying a property in Lanzarote does not need to be a risky or stressful activity, but you should ensure that you have appropriate independent legal advice in order to ensure that everything runs smoothly.

Related Services

27 Lawyers Offering Property Purchase Services in Spain

Testimonials for our Property Purchase service
  • Angie Nicos, Galicia
    Angie Nicos, Galicia
    May 05, 2021

    Miguel could not have been any better, he was instantly responsive with any form of contact whether it be email or WhatsApp he was always there to help and advise.

    He is a very calm understanding person with excellent communication skills and very supportive and kind. I highly recommend him, and will always use his services even though I’m now at the other end of Spain.

    He is a great person and a highly professional lawyer, he got what I wanted which was not an easy achievement, and considering the huge amount of time he dedicated to my case he is excellent value for money. I am very grateful and thankful to him and all his work.

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