• Abogado. Lawyer
• Administrador de Fincas. Licensed property administrator
• Agente de la Propiedad Inmobiliaria (API). Property agent
• Amortización Depreciation. Redemption.
• Arras. Down payment, deposit
• Aval. Guarantee requested by the bank to approve a mortgage application
• Bungalow. 2 or 3-storey terrace house
• Caja de ahorros. Savings bank (usually offer good mortgage deals)
• Cargas Charges. Burden
• Certificado registral. Certificate informing about debts of a specific property
• Chalet. Villa
• Comunidad de propietarios. Community of property owners
• Contrato de Compraventa. Private property sales contract. The buyer pays a 10% deposit and the contract is signed by buyer and vendor.
• Documento privado. Private document
• Documento público. Public document
• Escritura. Deeds
• Escritura pública de compraventa. Title Deed
• Euribor. Euro Interbank Offered Rate
• Finca. Estate
• Gestoría. Firm specialised in obtaining official authorisations, permits, licences etc
• Hipoteca. Mortgage
• Impuesto sobre Bienes Inmuebles. Yearly property tax
• Impuesto sobre el Incremento del Valor de los Terrenos. Tax on the increase of land value
• Inmobiliaria. Estate agent
• IBI: Impuesto sobre Bienes Inmuebles. Annual real estate tax
• Impuesto sobre el patrimonio. Capital gains tax
• Incremento de patrimonio. Capital gain
• Libre de cargas. Free of debts
• Libro del edificio. Documents which must be handed over by the promoter when building is finished.
• Licencia de obra. Building permission
• N.I.E. Identity Number for Foreigners
• Nota simple. Certificate from Property Registry
• Obra nueva. Document certifying a brand new building
• Oferta vinculante. Bank document certifying the exact mortgage conditions
• Pago en efectivo. Cash payment
• Parcela. Plot of land
• Piso. Flat
• Poder. Power of attorney
• Préstamo con techo. Loan with variable interests with fixed minimum and maximum
• Préstamo hipotecario. Mortgage loan
• Plusvalía Municipal. Capital gains tax on the sale of property
• Registro de la Propiedad. Property ownership Register
• Representante fiscal. Official tax representative of foreigner
• Residencia (permiso). Residency (permit)
• Residente. Resident
• Se vende. For sale
• Seguro de amortización de préstamos. Loan repayment insurance
• Seguro Multirriesgo Hogar. House insurance
• Señal. Deposit, down payment
• Tasación. Independent valuation of property
• Terreno. Plot of land
• Tipo de interés. Rate of interest
• Título de propiedad. Deeds stating the ownership of property, date of sale etc.
• Valor Catastral. Assessed value of property for tax purposes