Is it necessary to contract a lawyer when buying property in Spain?
Although it is not strictly necessary, hiring a lawyer is highly recommendable. When buying property we are parting with substantial sums of money so being protected becomes essential, because we should not forget that unfortunately, things can go wrong.
We should therefore seek proper legal advice. In Spain, as the Property Conveyancer title does not exist, this legal advice must be provided by a qualified and registered lawyer (member of the “Ilustre Colegio de Abogados”- the equivalent to Spanish Bar Association).
Lawyers are obliged to observe strict professional standards and are covered by professional indemnity insurance. This insurances proctect the client against the consequences of negligent practice.
If you contract a lawyer, you will benefit from more advice and services as he/she will also assist you in the processing of opening bank accounts, NIE’s numbers, drawing up wills, inheritance issues, changing utility contracts, mortgage advice, etc.
To sum up, employing a lawyer with specialist knowledge of the housing market will help you to avoid possible problems and will even save you money.