Comments on: How to Buy a Flat in Madrid

By: How to Find a Room in Madrid - Notes from Madrid

How to Find a Room in Madrid - Notes from Madrid — Wed, 20 Feb 2008 09:16:44 +0000

[...] Most newly arrived will not have the means to rent (let alone buy!) a place by themselves, and are consequently thrown into the madness of a market that is ruled by “castings” in pisos (apartments) of varying merit. How to become one of the lucky ones? The Internet, as is so often the case, is where it all happens: [...]

By: Helène

Helène — Sun, 17 Feb 2008 20:38:31 +0000

In the Caja Madrid they now have a morgage for young people (between 25 and 30 years I think). The interest is 0,59% and they give you 100% morgage, so you only have to pay 10% taxes. This is because of a subsidy from La Comunidad de Madrid.

By: ben

ben — Tue, 12 Feb 2008 06:46:58 +0000

Tecnocasa, to their credit, did sell our first flat for us in Madrid, after we had given up on flogging it ourselves! I wouldn’t buy from them though either I don’t think.

When you find a flat you want to buy, you should also sign a ‘contrato de aras’, a pre-sale contract that details the conditions of purchase/sale, including price, and who will be paying what taxes, and whether a deposit has been put down.

By: Colin Davies

Colin Davies — Mon, 11 Feb 2008 15:58:59 +0000

Very sound advice, though the 20% looks a bit high. If you were my daughter, I’d be proud of you.

The notary should get a second notas simple on the say of the sale, to ensure nothing’s been changed/added since you saw the first one.

If Tecnocasa sue you for defamation, I know a good lawyer . . .