Buying Property in Spain - Glossary
Below is a MRR and PLR article in category Finance -> subcategory Real Estate.
Buying Property in Spain: A Helpful Glossary
Overview
If you're planning to buy property in Spain, it's wise to work with an estate agent, hire a translator, and ensure that all transactions are legalized by a Public Notary. For those unfamiliar with Spanish, here's a glossary of common terms used in the property market and transaction process.
Key Terms
- Abogado - Lawyer
- Actos Jurídicos Documentados (AJD) - Stamp duty
- Adosado - Semi-detached house
- Agencia Inmobiliaria - Estate agent
- Agencia Tributaria - Tax office
- A.P.I. (Agente de la Propiedad Inmobiliaria) - Officially licensed estate agent
- Aire acondicionado - Air conditioning
- Aparcamiento - Parking
- Apartamento - Apartment
- Arras - A down payment to guarantee the completion of the property transaction.
- Asesor Fiscal - Financial advisor
- Aval - Loan underwriter
- Ayuntamiento - Town hall
- Balcón - Balcony
- Baño - Bath/WC
- Caja de Ahorros - Savings bank
- Calefacción central - Central heating
- Campo - Countryside
- Casita - Cottage
- Chalet - Villa
- Cocina - Kitchen
- Comedor - Dining room
- Compra - Buying
- Compra-Venta - Purchase agreement
- Comunidad de propietarios - Community of property owners
- Constructor - Builder
- Copia Simple - Copy of the mortgage deeds
- Cuarto de Baño - Bathroom
- Cuotas de comunidad - Community fees
Additional Useful Terms
- Cuenta de Banco - Bank account
- Documento privado - Private document
- Documento público - Public document
- Dormitorio - Bedroom
- Ducha - Shower
- Dúplex - Two-floor apartment
- Edificio - Building
- Escritura - Ownership deeds
- Finca - Farmhouse or small estate
- Garaje - Garage
- Habitación - Room
- Hacienda - Tax office
- Hipoteca - Mortgage
- I.B.I Rates - Local property tax
- Inmobiliaria/agente - Estate agent
- IVA - VAT
- Jardín - Garden
- Ladrillo - Brick
- Libre de cargas - Debt-free
- Licencia de obra - Building permission
- Licencia de Ocupación - Occupancy license
- Metros cuadrados - Square meters
- N.I.E. - Foreigner Identity Number
- Notario - Notary, records legal documents and transactions
- Nota Simple - Land Registry certificate
- Obra nueva - New building certification
- Oferta vinculante - Bank’s mortgage terms document
- Pago en efectivo - Cash payment
- Parcela - Lot or plot
- Piscina - Swimming pool
- Piso - Apartment
- Plan Parcial - Town hall building plan
- Playa - Beach
- Plusvalía - Municipal capital gains tax
- Poder - Power of attorney
- Préstamo - Loan
- Pueblo - Town or village
- Registro de la Propiedad - Land registry
- Representante fiscal - Tax representative for foreigners
- Residencia - Residency permit
- Residente - Resident
- Sala, salón - Lounge
- Se vende - For sale
- Se alquila - For rent
- Solar - Building lot
- Solana - Utility room
- Sótano - Basement
- Tarjeta de Banco - Bank card
- Techo - Roof
- Teja - Roof tile
- Terraza - Terrace
- Terreno - Land plot
- Tipo de interés - Interest rate
- Título de propiedad - Property ownership deeds
- Trastero - Storeroom
- Venta - Selling
- Vista de mar - Sea view
This glossary can serve as a practical resource for non-Spanish speakers navigating property transactions in Spain.
You can find the original non-AI version of this article here: Buying Property in Spain - Glossary.
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