Buy apartment in Cartagena

It could be a complicated process to buy an apartment in Cartagena as an inexperienced buyer. As a foreigner, making arrangements with a Spanish bank or lawyer can be challenging, negotiating mortgages, interest and amortisation. At Habeno, we help you with all the practical aspects of buying an apartment in Cartagena so that you can focus on finding your dream home. Apply for a pre-approval today – get an answer as early as tomorrow.

Apartments for sale in Cartagena

Many different parties can help you find an apartment in Cartagena. Habeno only cooperates with serious parties with satisfied customers. We can introduce you to a party who can help you find your perfect home in Cartagena. The process goes much smoother if you know your limitations when looking for an apartment. Therefore, we recommend that you start by applying for a Spanish pre-approval. The application is free and only takes five minutes. When you have received an answer to your application and know how much you can lend, you can easily chat with your personal mortgage advisor. Your personal mortgage advisor can then recommend the best real estate agents or developers in Cartagena with apartments for sale.

How to buy an apartment in Cartagena

– A complete guide for buying an apartment in Cartagena

Buying an apartment in Cartagena can feel difficult and complicated, but it doesn't have to be as difficult as it first seems. To facilitate your apartment purchase in Cartagena, we have set up a multi-step guide with the different steps in the mortgage process. With our service Habeno plus, you can also get a personal advisor who, in addition to helping you with your mortgage, can also advise you on good brokers, lawyers and notaries. Your personal advisor is with you throughout your whole buying journey.

Step 1 – Get a pre-approval

Even if you haven't found the perfect apartment in Cartagena yet, we recommend you start by applying for a pre-approval. In this way, you know how much you can lend and what you have to deal with even before you find the house you want to buy. Apply for a pre-approval, and we will help you negotiate with several Spanish banks.

Step 2 – Find your dream apartment in Cartagena

If you have already found the perfect *object*, you can usually contact the real estate agent for a viewing of the house and the surrounding area in Cartagena. If you are still looking for properties, you can use a real estate agent to help you find an apartment in Cartagena that is perfect for you. If you need help finding a real estate agent, one of our advisors can always recommend the best realtors in Cartagena, with a large selection of apartments for sale.

Step 3 – Make an offer

When you have found your dream apartment, it is time to make an offer. If you have a pre-approval ready, you know how much your limit is. There's no traditional bidding on houses in Cartagena. Instead, it is usually the list price that applies, but there is haggling. When you buy an apartment in Cartagena, it is important to expect that you need to be able to pay for additional costs of between 10 and 12 percent. Those costs can, for example, be taxes, notary fees, registration and connection fees.

Step 4 – Hire a lawyer and apply for an NIE-number

To buy an apartment in Cartagena, as a foreign citizen, you need a número de identificación de extranjeros: an NIE-number. You should also hire a legal representative, i.e. a lawyer. With our plus service, we help you with all these parts and are with you throughout the journey.
Read more about Habeno Plus.

Step 5 – Sign the contract

When you and the seller have agreed on the price, you sign the purchase contract, which states, among other things, the agreed property price and the date of entry. Most commonly, you then also pay a down payment of 10 percent of the purchase price. When you gain access to the apartment, the sale deed is written, and you pay the rest of the purchase price, transaction tax, and notary fees.

Step 6 – Select your loan offer

If you applied for a pre-approval with us, we contact and negotiate with several different banks. You then go through the offers together with one of our advisors and choose the offer that suits you best. Buying an apartment in Cartagena is often a substantial expense, and the difference between the banks' offers can significantly affect your monthly cost.

Step 7 – Inspection and valuation

When you buy an apartment in Cartagena, it is your, the buyer's, responsibility to inspect the apartment because houses in Spain are sold as-is. Therefore, you should consider hiring professional help. When you buy an apartment in Cartagena, the bank requires that an independent valuer values your apartment. If you are a Habeno plus customer, we will help you hire a valuer to value the apartment. You, as the buyer, pay for the cost of the appraisal.

Step 8 – The bank makes a final assessment

When the valuation is complete, the bank makes a final assessment of the property.

Step 9 – Access

When the bank has made its final assessment, and you have arranged financing and NIE number, you as a buyer get access to your new home. Arranging financing and NIE number usually takes between 1 – 1.5 months. If you already have funding and NIE number ready or received help through our service Habeno plus, you shorten the process significantly and can have an earlier access date.

Step 10 – Move in

You can move into your new house and enjoy Spain.

Apartment prices in Cartagena

The price of an apartment in Cartagena can vary greatly depending on the property. There are always several factors that affect the price of an apartment. Those factors could be the location, condition, size and so on. As an inexperienced apartment buyer in Cartagena, you may not think that there are more costs in addition to the list price. The additional costs are usually taxes, notary, registration, and connection fees. You should always count on needing between 10 and 12 percent more cash in addition to the list price of an apartment in Cartagena.

Cheap apartments in Cartagena

There are good opportunities if you are looking to buy a cheap apartment in Cartagena. First, if you use a realtor, they can help you find the right home. The realtor usually knows which areas that are often sold for lower prices. Just remember that you, as the buyer, are responsible for the house's inspection. If the apartment is sold way below the market price, there is usually a reason for this.

Apartments for sale in Cartagena under 100k

Buying an apartment in Cartagena for less than 100 000 euros is possible. There are several real estate agents and portals where you can find an apartment in your price range. If you're having trouble finding the apartment of your dreams, you can always use a realtor to help you find the right property.

Apartments for sale in Cartagena under 50 000 euros

There are apartments in Cartagena that you can buy for less than 50 000 euros. But worth knowing is that most banks in Spain have a minimum mortgage amount of 50 000 euros, which means that if you are looking for an apartment for sale in Cartagena below 50k euros, you will need to finance it yourself. Of course, there are always exceptions, so if you're still interested in a mortgage, you can start by applying for a pre-approval, and we'll look at your specific case.

Buying an apartment in Cartagena as a foreigner

Different rules apply when buying an apartment in Cartagena as a foreigner. For example, when getting a mortgage for an apartment in Cartagena as a foreigner, the Spanish banks usually don't let you borrow more than 60-70 percent of the property value. In comparison, a Spanish resident could borrow up to 80%. The LTV (loan to value) can differ between different banks, so if you need help getting the best terms for your case, you can always start by applying for a free pre-approval, and one of our advisors will help you find the best deal.

Buying an apartment in Cartagena after Brexit

Buying an apartment in Cartagena after Brexit is not more complicated than before. There's no difference when it comes to who can buy an apartment in Cartagena between a UK citizen and an EU citizen.

Buying an apartment in Cartagena near the beach

Are you looking to buy an apartment in Cartagena near the beach? These objects are naturally much more popular, making them more expensive. But if you're lucky the acquire an apartment near the beach in Cartagena, we can help you with the best terms on your mortgage.

Apartments for sale in Cartagena with pool

If you're not aiming to be close to the beach, you can always look for an apartment with a pool. Unfortunately, apartments for sale in Cartagena with a pool are often more expensive. Buying a more expensive property doesn't have to be wrong, though. For example, if you buy an apartment for more than 500 000 euros, you'll get a residency visa.

Owning an apartment in Cartagena

Homeownership levels in Cartagena are high. Approximately 80% of the residents own their property. As an apartment owner in Cartagena, you need to appoint a tax representative if you're not planning on being a Spanish resident.

Real estate agents in Cartagena

Are you looking for a real estate agent in Cartagena? Our team of mortgage advisors can help you find the right real estate agent that suits your needs. To get a more comfortable house-hunting journey, we recommend you start by applying for a pre-approval. That way, you know your purchase limit. Once you've done that, one of our advisors can help you find the right real estate agent for you in Cartagena.

Are you planning on buying an apartment in Cartagena?

If you plan to buy an apartment in Cartagena, the first step is to apply for a pre-approval to get a Spanish mortgage. The application is free, and you will receive an answer within one banking day.

Best place to buy an apartment in Cartagena

Cartagena is a great city with many lovely places to buy an apartment. To get some recommendations you should contact your realtor, if you don't have one our advisors can help you once you've applied for a pre-approval. Are you looking for something else than an apartment? Then you can read more about how to buy a property in Cartagena.
Or is it Cartagena that doesn't feels perfect? Then you can read more about buying an apartment in Murcia.