Lockdown forces Spain's property market to modernise

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Spain's lockdown is dragging one of Europe's older-fashioned property markets into the 21st century, with estate agents scrambling to offer virtual visits and notaries lobbying to legalise e-signatures to offset a near-total halt of business.

MADRID - Spain’s lockdown is dragging one of Europe’s older-fashioned property markets into the 21st century, with estate agents scrambling to offer virtual visits and notaries lobbying to legalise e-signatures to offset a near-total halt of business.

“We’re teaching our brokers how to angle the camera,” said Rhodes. “It will be very professional: a GoPro, lighting, one person talking and the other recording.” However, no estate agent is an island: their business relies on mortgage-providers, notaries and lawyers, all of whose operating ability is on hold.

“You can’t leave a family on the street because they’ve not been able to sign the deed,” Corral said, adding most people opted to delay signing.The few transactions he has certified were all conducted with gloves and social distancing measures - but Corral, also spokesman for Spain’s Notary Commission, said his profession was rushing to establish new processes.

 

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