 |
||
Ownership of property in SpainIn Spain there is a registry, known as Registro de la Propiedad, which records the rights and obligations affecting each and every piece of real estate property in the Country. This means that all the significant information related to the ownership and burdens of a real estate property is chronologically and permanently registered in a database. This is a meticulous system offering absolute protection to whoever needs to validate such rights before a third party, and offers exact and irrefutable security to the purchaser/owner. And such is the case since, although there is public access to this database, only certain technically qualified people, known as Registradores de la Propiedad, may amend the contents of the database using documents and records of unquestionable authenticity. |
|
|
The simplest, fundamental right related to a real estate property, recorded in the Property Registry, is the actual ownership of such property. That is why the first fact that stands out when one consults the Registry, is the identity of the owner of the property in which one is interested. However, in Spain, like in any other country, there are circumstances that could modify, condition, restrict, etc. the rights an individual may have, including the one of real estate property ownership. For example, one could think of a mortgage in favor of a bank, or a right of way, or an embargo declaration in favor of the Tax Authorities, etc.. |
||