As you may have noticed, the municipal market has been taken down and a new municipal market will go in its place. Not to fear, you can still purchase all of the goods that were in the market, we just need to get back to the old style of visiting each individual shop. In this post, we will be talking about the seafood & fish stores of Almuñécar – La Herradura (Pescaderías y Pescados).
Summer is fast approaching, and you know what that means…more people. More people means more traffic, and that means parking can be a real headache. If you’re the walking type of person, then more power to you. This post will cover a relatively new transportation platform that’s much better than cars when it comes to getting around, and it’s much greener. I’m referring to electric bikes!
The Farmer’s Market (eco mercado) is on the last Sunday of each month! This Eco Market is further proof of the firm commitment that the Almuñécar City Council makes to our local merchants and products, from km 0, sustainable and ecological. Organic products and locally sourced produce. Plaza del Aqua 10:00 – 14:00 (next to the local police and bus station) The Last Sunday of each month
The Salobreña Eco Mercado, an organic farmer’s market, is held on the second Sunday of every month. Municipal Market Square. You will find the best quality fruits, vegetables, cheese, bread, empanadas, craft beer, wines, cosmetics, certified organic cotton items, and other monthly surprises. 09:00 – 14:00 The Second Sunday of each month.
Other Eco Markets
Malaga
Granada
It is a space where organic foods from the Vega de Granada, the Lecrín Valley, are sold. ESPLANADE OF THE CONGRESS PALACE, Granada, Spain rag@ecomercadogranada.org website Saturday 09:30 – 14:30
If you need some cash, then take a look at our Almuñécar ATM Locations map below. Of course we include the full Almuñécar area, including La Herradura, Velilla, Taramay and more. This would be a great page to bookmark, so if you are out and about you can be sure to know where to get some money!
If you’re looking at buying a property in Spain, knowing how to make an offer is crucial. Whether you’re an expat, a property investor, or simply seeking a holiday home, the process can be different from what you’re used to. Here’s a guide to help you navigate the process, including negotiation tips and what to expect along the way.
1. Understand the Spanish Property Market
Before making an offer, it’s essential to research the local property market. Prices in Spain can vary significantly based on the region, from bustling urban areas like Madrid and Barcelona to more relaxed coastal locations like Andalucía or Mallorca. Compare similar properties in the area to see if the asking price is fair, and be prepared to negotiate a lower price if the market allows.
2. Hire a Local Real Estate Agent or Property Lawyer
While it’s possible to handle the purchase on your own, hiring a local real estate agent (inmobiliario) or use a property lawyer is highly recommended. They understand the market, can advise on local property laws, and help with the negotiation process. Real estate agents also assist in presenting offers and handling the necessary paperwork.
3. Get Your Finances Ready
If you plan to take out a mortgage in Spain, it’s a good idea to get pre-approval from a Spanish bank. This demonstrates to sellers that you’re a serious buyer. If you’re purchasing the apartment with cash, make sure your funds are easily accessible, especially if you’re dealing with currency exchanges and international transfers.
4. Make an Initial Offer
When you’ve found the right apartment, it’s time to make an initial offer. In Spain, it’s common to start with a verbal offer, which can be made through your agent or directly to the seller. Your offer can be 5-10% lower than the asking price, depending on the property and the local market. Negotiating property prices in Spain is typical, so don’t be afraid to negotiate respectfully.
5. Submit a Formal Written Offer
Once the verbal negotiations are successful, you’ll need to submit a formal written offer (oferta de compra). This document includes the price, conditions, and timelines. The offer is typically valid for a certain period (for example, 10 days), allowing the seller to accept, reject, or make a counteroffer.
6. Consider a Reservation Agreement
In competitive markets, signing a reservation agreement (reserva de compra) can be a smart move. This agreement reserves the property for you for a short period (usually 7-15 days) in exchange for a deposit, generally between €3,000 and €6,000. This allows you to finalize financing or clarify details before moving forward with the formal contract.
7. Negotiate the Terms
After submitting the offer, negotiations may continue. Some common points to discuss include:
The final price of the property.
Fixtures and appliances are included in the sale.
Any necessary repairs.
The completion date for the sale.
8. Sign the Arras Contract
Once the seller accepts your offer, you’ll sign an arras contract. This is a pre-sale agreement that usually requires a 10% deposit. The contract outlines all the terms of the sale, including the total purchase price and payment timeline. If you back out of the deal after signing the arras, you forfeit your deposit. If the seller backs out, they are often required to return double the deposit.
9. Legal Checks and Due Diligence
Before finalizing the purchase, it’s crucial to perform a legal check on the property. This is where your lawyer plays a key role. They will ensure:
There are no outstanding debts or mortgages on the property.
The property is correctly registered at the Property Registry (Registro de la Propiedad).
Any extensions or renovations were carried out legally with proper planning permissions.
There are no unpaid community fees (gastos de comunidad) if the property is part of a building.
10. Sign the Deed of Sale (Escritura Pública)
Once all checks are complete, you’ll meet with a notary to sign the escritura pública (deed of sale). This is a legally binding document that transfers ownership of the property from the seller to you. At this stage, you’ll also make the final payment, and the property is officially yours.
11. Pay Taxes and Fees
When buying a property in Spain, be prepared to pay certain property taxes and fees:
Transfer tax (ITP): Typically between 6-10% of the purchase price for resale properties, depending on the region.
Notary and registration fees: Around 1-2% of the purchase price.
Legal fees: Usually around 1-1.5% for your lawyer’s services.
12. Register Your Ownership
Finally, the notary or your lawyer will register the property in your name at the Property Registry. Once this step is complete, you are the official owner of your Spanish apartment.
Key Tips for Expats
Language barrier: Make sure all contracts and legal documents are translated, or hire a translator if necessary.
Tax obligations: If you’re a non-resident but own property in Spain, you’ll be required to pay property taxes. It’s advisable to consult with a tax advisor to understand your tax obligations as a foreign property owner.
Resources Referrals for real estate in Spain
With rising rental prices, many consider buying real estate in Almuñecar —La Herradura. We have a list of recommended English-speaking real estate agents, renovation experts, home insurance, accountants, and expert Spanish property lawyers to help you navigate buying a home on the Costa Tropical. Costa Tropical Real Estate Resources here.
Making an Offer – buying a property in Spain
Navigating the process of making an offer on a property in Spain requires careful preparation and understanding of the local market. Whether you’re looking for a holiday apartment, an investment property, or a permanent residence, following these steps will help you succeed in your purchase. With the right real estate agent, a good lawyer, and a clear plan, you can confidently make an offer and secure your new home in Spain.
Here is more guidance on buying property in Spain or help finding the right experts! Happy house hunting!
If you are looking for a shopping fix in the bigger stores, shopping in Motril may be just what you need. Of course you could also go hit the bigger malls in Vélez-Málaga, the Nevada shopping mall in Granada or Larios shopping mall in Málaga. If you are looking for something a bit closer to Almuñécar then Motril should do the trick. There is far more than just a visit to Al Campo.
When selling a property in Spain, there is a tax retention that is available. You must be a Non-Fiscal Resident and you could receive up to 3% back. Keep on reading to see if this would apply to you.
Our local lawyer helps answer some of the most common questions we have as foreigners in Spain. This topic is going to cover the Holiday Rental Tourist License Andalucia! Keep in mind, that many municipalities are no longer going to issue NEW tourist licenses. They have stopped in the city of Granada and Malaga. Each municipality can make their decision.
If you have a dream of buying a property in Spain, you will want to keep reading our Buying a property in Spain series. In this article, you will learn about the Reference Value.
Our local lawyer helps answer some of the most common questions we have as foreigners in Spain. This topic is going to cover the digital certificate Spain style!