Can foreigners buy property in Spain?

Yes, there are no restrictions on foreigners purchasing property in Spain. Both EU and non-EU citizens can buy property with full ownership rights. You will need a NIE (tax identification number) to complete the purchase.

What is a NIE and how do I get one?

A NIE (Número de Identificación de Extranjero) is a tax identification number required for all financial transactions in Spain. You can apply at a Spanish consulate in your home country or at a National Police station in Spain.

What are the total costs of buying property in Spain?

Total buying costs typically range from 10-13% of the purchase price. This includes Transfer Tax (ITP) of 7% for resale properties or 10% VAT for new builds, plus notary fees, registry fees, and legal fees.

How long does the buying process take?

The typical property purchase in Spain takes 2-3 months from accepted offer to completion. However, this can vary depending on mortgage approval, legal checks, and transaction complexity.

Can I get a mortgage in Spain as a foreigner?

Yes, Spanish banks offer mortgages to non-residents, typically up to 60-70% of the property value. You'll need to provide proof of income, tax returns, and bank statements.

8 Steps 3-6 Months 10 Languages

The Complete Guide to Buying Property on the Costa del Sol

Quick Answer

Buying property on the Costa del Sol is a straightforward process for international buyers. You'll need a NIE (tax identification number), a Spanish bank account, and typically 10-13% of the purchase price to cover taxes and fees. The process takes 3-6 months from finding your property to receiving the keys.

Step-by-Step Process

Define Your Requirements
Get Your NIE Number
Open a Spanish Bank Account
Property Search & Viewings
Make an Offer & Reservation
Legal Due Diligence
Sign Private Purchase Contract
Complete at the Notary

Frequently Asked Questions

Can foreigners buy property in Spain?: Yes, there are no restrictions on foreigners purchasing property in Spain. Both EU and non-EU citizens can buy property with full ownership rights. You will need a NIE (tax identification number) to complete the purchase.
What is a NIE and how do I get one?: A NIE (Número de Identificación de Extranjero) is a tax identification number required for all financial transactions in Spain. You can apply at a Spanish consulate in your home country or at a National Police station in Spain.
What are the total costs of buying property in Spain?: Total buying costs typically range from 10-13% of the purchase price. This includes Transfer Tax (ITP) of 7% for resale properties or 10% VAT for new builds, plus notary fees, registry fees, and legal fees.
How long does the buying process take?: The typical property purchase in Spain takes 2-3 months from accepted offer to completion. However, this can vary depending on mortgage approval, legal checks, and transaction complexity.
Can I get a mortgage in Spain as a foreigner?: Yes, Spanish banks offer mortgages to non-residents, typically up to 60-70% of the property value. You'll need to provide proof of income, tax returns, and bank statements.