Buying Property in Spain: 5 Frequently Asked Questions
What are the additional costs when buying a property in Spain?
Buying a property in Spain involves more than the purchase price. Buyers should budget for property transfer tax (ITP) on resale properties, or VAT (IVA) and stamp duty (AJD) where applicable on new-build properties. Notary, Land Registry, legal and other administrative costs may also apply.
The total depends on the property’s location, price and whether it is a resale or new-build property. As a general guide, buyers often budget around 10–13% on top of the purchase price, but the actual amount can vary. I help buyers understand the likely costs before making an offer, so they can plan their budget with confidence.
Do I need a lawyer to buy a property in Spain?
Yes, hiring an independent Spanish property lawyer is strongly recommended. Your lawyer can carry out legal due diligence, check ownership and charges registered against the property, review planning and building documentation, and ensure the purchase contract protects your interests.
As your buyer’s agent, I coordinate with the relevant professionals and help you navigate the process. Your lawyer provides independent legal advice, helping you make an informed decision before committing to the purchase.
Can foreigners buy property in Spain?
Absolutely. Foreign nationals, including non-EU citizens, can generally buy property in Spain. You will normally need a Spanish foreigner identification number (NIE) for the transaction, along with the necessary identification and documentation to demonstrate the origin of your funds.
Buying a property does not automatically grant you residency or the right to live in Spain indefinitely. Requirements depend on your nationality and circumstances. I help international buyers understand the practical steps involved and connect them with the appropriate legal and financial professionals.
How long does it take to buy a property in Spain?
The timeline depends on the property, the seller, financing and the legal checks involved. A straightforward cash purchase may take around 4–8 weeks, while a purchase involving a mortgage or more complex legal matters can take longer.
The process typically includes finding the right property, making an offer, completing legal checks, signing a reservation or purchase contract where appropriate, arranging financing if needed, and completing the purchase before a notary.
As your buyer’s agent, I help coordinate the process, keep you informed of key deadlines and work with your lawyer and other professionals to help the transaction progress smoothly.
Why should I use a buyer's agent when purchasing property in Spain?
Buying abroad can be challenging, particularly if you are unfamiliar with the local property market, language, legal procedures and negotiation practices.
A buyer’s agent works on your behalf to understand your needs, identify suitable properties, arrange viewings, assess locations, research market value and negotiate with sellers. They can also help coordinate the professionals involved throughout the purchase.
My role is to represent your interests as the buyer, helping you save time and money, make better-informed decisions and find a property that fits your budget, lifestyle and long-term goals.