“Inmobiliarias” and other Real Estate Words Translated
If you’re an English-speaking expat in Marbella, navigating the Spanish real estate market can feel like learning a new language—literally. From inmobiliarias to escritura, understanding property jargon is essential whether you’re renting, buying, or selling a home. This guide breaks down the most common Spanish real estate terms, so you can confidently make informed decisions. Vamos!
“Inmobiliaria” “Real Estate Agency”
When you see the word inmobiliaria on storefronts or business cards, it refers to real estate agencies. Whether it’s an independent agent or a large firm, this is your go-to for property services.
“Propiedad” “Property”
Propiedad simply means property, and you’ll often see it paired with terms like venta (sale) or alquiler (rental).
“Escritura” “Deed”
This is the legal document that proves ownership of a property. You’ll need an escritura to register your property with the Spanish Land Registry.
“Vivienda” “Dwelling/Home”
Vivienda is a versatile term used to describe any type of living space, whether it’s an apartment, villa, or townhouse.
“Hipoteca” “Mortgage”
If you’re planning to finance your property purchase, understanding the term hipoteca is crucial. It’s the Spanish word for mortgage, and knowing the basics will help you negotiate better terms.
“Comunidad” “Community Fee”
This refers to the monthly or annual fees you pay to maintain shared amenities in a community or complex, such as gardens, pools, and security.
“Notario” “Notary”
A notario is a public official who authenticates documents, making them legally binding. Their role is crucial in any real estate transaction in Spain.
“Alquiler” “Rent”
Alquiler means rent. If you’re looking for a rental property, you’ll see this word frequently, often followed by the amount per month.
“Finca” “Estate or Plot”
A finca can refer to a rural property with land, often used for agriculture or as a country retreat.
“Contrato de Arras” “Deposit Agreement”
This is a pre-sale agreement that secures the deal between the buyer and the seller. It usually includes a deposit (around 10% of the property price) and outlines the conditions of the sale.
Why Knowing These Terms Matters
Understanding these key real estate terms can save you time, money, and stress. For example, if you don’t know what a comunidad fee is, you could be blindsided by additional monthly costs. Likewise, being familiar with the escritura process ensures you’re legally protected when you buy your dream home in Marbella.
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