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

Caja de ahorros
Savings bank

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
Land or land and house

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

Libre de cargas
Free of debts

N.I.E.
Identity Number for Foreigners

Notario
Notary

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

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

Residencia (permiso)
Residency (permit)

Residente
Resident

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

Valor Catastral
Assessed value of property for tax purposes