only from hearsay not knowledge or experience but I understood that Spanish property law is so complicated it's best done through English companies specialising and also you must put down a 30% non refundable deposit on agreeing to purchase and then get taxed about 50% of any profit when you sell
as for mortgage brokers - i don´t think there are any in ibiza. most people go to a bank where you will need security against the loan, insurance AND some proof that you will be able to make the repayments - such as a work contract.
I'm looking to only get a holiday home and have looked at various ways around the CGT issue such as buying it in an offshore company i set up.
Do you have to pay CGT if you upgrade? I'm only going to buy an apartment at first with a view to getting a villa in the future.
If they don't have mortgage brokers, do they have lists in the spanish sunday papers saying which banks do the best deals like they do in the uk? If so can anyone scan a page and i can get it translated.