What is an NIE number and do I need one?

An NIE (Número de Identidad de Extranjero) is a tax identification number required for all financial transactions in Spain, including property purchases.

What are the costs of buying property in Spain?

Total purchase costs typically amount to 12-15% on top of the property price, including transfer tax (6-10%), notary fees, registry fees, and legal fees.

Can foreigners get a mortgage in Spain?

Yes, non-residents can obtain mortgages in Spain, typically up to 60-70% of the property value with competitive interest rates.

Knowledge hub

Frequently asked questions

Find answers to the most common questions international buyers have about purchasing property in Spain.

Buying Process in Spain Costs & Taxes New Build vs Resale Legal & Due Diligence Financing & Proof of Funds Off-Market Purchases Timeline & Reservations Notary, NIE & Bank Accounts Renovation & Construction After-Sales Services Rental & Tourist Licenses For Belgian, Dutch, French & UK Buyers

Buying Process in Spain

Costs & Taxes

New Build vs Resale

Legal & Due Diligence

Financing & Proof of Funds

Off-Market Purchases

Timeline & Reservations

Notary, NIE & Bank Accounts

Renovation & Construction

After-Sales Services

Rental & Tourist Licenses

For Belgian, Dutch, French & UK Buyers

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Frequently asked questions

Buying Process in Spain

What are the main steps to buy property in Spain?

Can I buy property in Spain as a non-resident?

Do I need to be present in Spain to complete the purchase?

How do I make an offer on a Spanish property?

Costs & Taxes

What are the total purchase costs when buying in Spain?

What is ITP and when does it apply?

Do new builds have different taxes than resale properties?

What ongoing taxes will I pay as a property owner?

New Build vs Resale

What are the advantages of buying a new build property?

Are there risks with off-plan purchases?

What should I know about buying resale property?

Legal & Due Diligence

What legal checks should be done before buying?

Do I need a lawyer to buy property in Spain?

What is a Nota Simple and why is it important?

What happens if problems are found during due diligence?

Financing & Proof of Funds

Can I get a mortgage in Spain as a non-resident?

What proof of funds is required?

Should I use a Spanish mortgage or finance from my home country?

Off-Market Purchases

What does "off-market" mean in real estate?

Why would a seller choose to sell off-market?

How can I access off-market properties?

Timeline & Reservations

How long does it take to buy property in Spain?

What is a reservation contract?

What happens after the reservation?

Notary, NIE & Bank Accounts

What is an NIE and how do I get one?

Do I need a Spanish bank account?

What role does the notary play in the purchase?

Renovation & Construction

Can I renovate a property I purchase in Spain?

How do I manage a renovation project from abroad?

What should I budget for renovation costs?

After-Sales Services

What happens after I complete the purchase?

Do I need a property manager or keyholding service?

How do I set up utilities in my name?

Rental & Tourist Licenses

Can I rent out my Spanish property?

What is a tourist license and do I need one?

How does rental income affect my taxes?

For Belgian, Dutch, French & UK Buyers

Are there specific considerations for Belgian buyers?

What should Dutch buyers know?

Are there specific issues for French buyers?

How has Brexit affected UK buyers?

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