1. Get your NIE
The NIE is your Spanish foreigner's tax number, required for any purchase. We can point you to the fastest way to obtain it, in person or through a lawyer with power of attorney.
Buying property in Spain — a simple guide
2. Open a Spanish bank account
You'll need a local account to pay utilities, taxes and the property itself. It's a quick process with your passport and NIE.
3. Appoint an independent lawyer
An independent Spanish lawyer checks the property is debt-free, correctly registered and legally sound, and handles due diligence on your behalf.
4. Reserve the property
A reservation contract and small deposit (typically €3,000–€6,000) takes the property off the market while checks are completed.
5. Sign the private purchase contract
Usually within 2–4 weeks you sign the private contract and pay around 10% of the price. Completion date and terms are agreed here.
6. Complete at the notary
On completion you sign the title deed (escritura) before a notary, pay the balance, and receive the keys. The deed is then registered in your name.
Costs to budget for
On top of the purchase price, allow roughly 11–13% for taxes and fees:
- Transfer tax (ITP) on resale homes — 10% in the Valencia region
- VAT (IVA) 10% + stamp duty on new-build homes
- Notary and land registry fees
- Independent lawyer's fee (typically ~1% + VAT)
- Optional mortgage set-up costs if financing
FAQ
Can non-residents buy property in Spain?
Yes. There are no restrictions on non-residents (including non-EU buyers) purchasing property in Spain. You'll need an NIE number to complete.
How long does the process take?
From reservation to completion it's usually 4–8 weeks for a resale property, depending on checks and whether a mortgage is involved.
Do I need to be in Spain to buy?
Not necessarily. Much of the process can be handled by an independent lawyer acting under power of attorney if you can't be present.
What extra costs should I expect?
Budget around 11–13% of the purchase price for taxes, notary, registry and legal fees.
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