Buying the property

You can either sign the notarial deed in person or you can give Power of Attorney to do so to your legal representative or any other person. Once the notarial deed is signed and the purchase price is paid – usually in the form of a covered banker’s cheque rather than by wire transfer – you become the owner of the property and can immediately start using it. Likewise, all fees and charges related to the property purchase are paid immediately. The notarial deed is immediately submitted to registration in the Property / Land Registry, which is a process that may take up to several months but de jure constitutes a mere administrative formality.