Guide for foreigners who want to buy a house in Spain

Buying a home in Spain is a dream for many foreigners, whether for living, vacationing or investing. This country offers anexcellent climate, a high quality of life and a wide variety of properties, from apartments in urban centers to beachfront villas. However, the buying process can be complex if you are not aware of the legal formalities, taxes and requirements needed.In this guide, we explain the key steps to buying a property in Spain safely and efficiently.

1. Choosing the ideal location

Do you prefer a country house, an exclusive villa near the golf course or a beachfront apartment? Before deciding, visit the area and assess factors such as climate, nearby amenities and connection to your home country.

2. Expenses and taxes to consider

In addition to the price of the property, you must consider:

• Taxes: ITP (transfers: 6-10% in second hand) or VAT (10% in new housing).
• Notary and registration: Between 1% and 2% of the value of the house.
• Agentoría expenses: To help with the legal formalities.

3. Necessary documentation

To buy a property in Spain, you will need:

• NIE (Foreigner Identification Number): It is mandatory for any transaction.
• Current passport.
• Non-resident certificate (if you do not live in Spain).
• Purchase contract: It must be reviewed by a real estate agency or a specialized lawyer.

If you apply for a mortgage, the bank will ask you, in addition: 

• Proof of income (last pay slips or income tax return).
• Credit history.

Process to buy a house in Spain step by step

To buy a house in Spain, the steps are:

1. Search and selection: Use real estate portals or contact a trusted agency.
2. Reservation and earnest money contract: You will sign a pre-contract and pay a deposit (usually 10% of the value).
3. Signing of the public deed: This is done before a notary and is the formal act of purchase.
4. Property registry: To register the property in your name.

Advantages of counting on SUNSHINE VILLAS to buy a house in Spain

At Sunshine Villas we are experts in helping foreigners find their ideal home and buy a house in Spain. Counting on us will save you time, money and possible legal problems. Our real estate agency in Costa Blanca can help you with:

• Personalized advice: We guide you through every step, from choosing the property to the final signing.
• Exclusive portfolio: We have the best villas, apartments and fincas in the most sought after areas.
• Comprehensive management: We take care of the legal, financial and tax formalities to make your purchase safe and stress-free.
• After-sales service: We help you with everything you need after the purchase, such as reforms or rentals.

If you are thinking of buying a house in Spain, trust Sunshine Villas to make your dream come true. Contact us today and start your new life under the Spanish sun!

• UK: 01444 391168
• SPAIN: +34 630 949 196
• INT: +44 1444 391168
• Email: ask@sunshinevillas.co.uk
• International WhatsApp: +44 7458 304785

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