Spain Property
Buyer Guides
Everything you need to know about buying property in Spain - from the step-by-step purchase process to taxes, legal requirements, financing, and making the most of your investment. Written by our in-house experts with 20+ years of experience.
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Common Questions About Buying in Spain
No. Many international buyers complete the entire purchase remotely using a Power of Attorney (POA). We recommend trusted bilingual lawyers who can act on your behalf, though a viewing visit is always advisable before committing.
Typically 4-12 weeks from reservation to completion for resale properties, depending on mortgage requirements and due diligence. For off-plan purchases, the legal process is fast - but you wait for construction to complete, typically 18-36 months.
An NIE (Número de Identificación de Extranjero) is a Spanish tax identification number required for all property transactions. It must be obtained before signing any contracts. Apply early as it can take 4-8 weeks from inside Spain or via a Spanish consulate in your home country.
For resale properties, you pay ITP (Transfer Tax) at 7% of the purchase price in Andalucía. For new builds, you pay IVA (VAT) at 10% plus AJD (Stamp Duty) at 1.2%. Additional costs include notary fees (~0.5%), land registry (~0.5%), and legal fees (~1%).
Yes. Spain imposes no nationality restrictions on property ownership. Citizens from any country can buy residential property in Spain. For non-EU buyers, Spain's Golden Visa programme offers residency for purchases over €500,000.
Yes. Under Spanish law, all off-plan stage payments must be covered by a bank guarantee (aval bancario) or insurance policy. If the developer fails to complete, your payments are returned with interest. Always insist on receiving the bank guarantee documentation.
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