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How much deposit is required on a property in Spain?

When you have found your ideal property, a refundable, and sometimes non-refundable!, holding deposit of 3,000€ will be required. This will guarantee the removal of the property from the market. This deposit forms part of a legal contract, which holds the price of the property as agreed at the time of paying the deposit and guarantees you will not be affected by any future price increases.

This sum is part of the cost of the home and is not an extra payment. It will be deducted from the price of the property.

This sum is paid directly to the builder or developer and a receipt, or a deposit contract will be issued to you. Most developers will accept this payment in the form of a personal cheque, credit card payment, bank transfer or cash.

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