Are you promoting your property in accordance with the decree 218/2005?

AGENTS click here OWNERS click here DEVELOPERS click here

The purpose of the law is to protect the real estate consumer from being under-informed with regard to a real estate transaction.

Information Packs and property types

There are 2 types of information packs that must be available to "the consumer" depending on the type of property being marketed:

DIA (Documento Informativo Abreviado): This must be available from anyone promoting the sale of an off-plan (completed or under construction) property (also applicable to property in the state of undergoing major reformation works). A DIA must also be available to anyone interested in rental property. The information in the DIA will vary according to the type of property and relating factors.

Ficha Informativa: This must be given to anyone enquiring about a resale property. The information pack must include a recent Nota Simple as well as an IBI statement.

All property information packs must also include a detailed payment plan specifying the purchase price, costs, taxes and time frame.

Additionally, real estate professionals in Andalucia must display a notice in their place of business, in Spanish, in a clearly visible location, which states compliance with the new law. This must be displayed next to and in the same size as the notice as specified in decree 171/1989.

Any promotion or advertising of property (including window cards) must be presented at least in Spanish (additional languages are allowed as long as the Spanish is clearly presented) and detailing the information on the window display as specified in the new decree, except for advertising material created before the date of the decree.

For the complete Spanish decree, click here

For the English translation, click here

"If consumers in the UK, for example, became more aware of these new practices and regulations. then the public's perception of the property market here on the Costa del Sol could change for the better."

Disclaimer: This information is an interpretation of the Decreto 218/2005 law and we are not responsible for mistakes or inaccuracies caused by translation or incorrect interpretation of the law. Real estate agents are obliged to comply with other aspects of the law not mentioned here and should refer to the Junta de Andalucia for a full list of requirements. Our packs conform to the requisites of the Decreto 218/2005 as providing the correct type of information in the correct manner, as supplied by the property vendor. Our property packs are in no way a guarantee of the property being legally sound, neither is our certificate a guarantee of the authenticity of the information provided.