Foreign Buyers Guide to Buying Property in Spain
Practical answers for international buyers navigating the Spanish property market — from NIE numbers to residency requirements and remote buying.
All Foreign Buyers Questions(10)
Can Foreigners Buy Property in Spain?
Yes, there are no restrictions on foreigners buying property in Spain. EU and non-EU citizens alike can purchase property freely, though a NIE number is required.
Do I Need a NIE Number to Buy Property in Spain?
Yes, a NIE number (Numero de Identificacion de Extranjero) is essential for any property purchase in Spain. Without it, you cannot sign contracts, pay taxes or complete a purchase.
What are the total costs for foreign buyers purchasing property in Spain?
As a foreign buyer of a new-build in Spain, you typically pay 10 percent VAT, 1.5 percent AJD stamp duty, plus legal fees of around 1 to 1.5 percent and other expenses including NIE, notary and registry fees. Total purchase costs are typically 12 to 14 percent on top of the property price.
Is buying property in Spain worth it?
For most buyers, yes. Spain offers a combination of lifestyle quality, relatively accessible pricing, a well-regulated property market, and solid long-term capital growth in key markets like the Costa del Sol. Whether it is the right decision depends on your personal circumstances, budget and goals.
Do I Need Spanish Residency to Buy Property?
No, you do not need Spanish residency to buy property in Spain. Non-residents can freely purchase, own and sell property, though you will have non-resident tax obligations.
Can I get residency by buying property in Spain?
Spain's Golden Visa programme previously allowed non-EU citizens to obtain residency by purchasing property worth at least 500,000 euros. The programme was officially closed to new applications in April 2025. EU citizens do not need a visa to live in Spain regardless of property purchase.
What Documents Do Foreign Buyers Need?
Foreign buyers need a valid passport, a NIE number, proof of funds, and a Spanish bank account. Your lawyer will advise on any additional documentation.
Do I need a Spanish bank account to buy property in Spain?
You are not legally required to have a Spanish bank account to buy property in Spain, but in practice it is strongly recommended and in most cases necessary. Utility direct debits, community fees, mortgage payments and tax payments are all easier with a local account.
Can I buy property in Spain before I move there?
Yes. Many buyers purchase property in Spain well before they relocate. You do not need to be a resident to buy, and the entire purchase process can be managed remotely with the right legal representation.
Can I Buy Property in Spain Through a Company?
Yes, you can buy property in Spain through a Spanish or foreign company. This may offer tax and privacy advantages in some circumstances, but adds complexity and cost. Take expert advice before proceeding.
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