Buying a house in Spain is much more than an investment: it’s opening the door to a lifestyle where the sun, sea, and Mediterranean good life can be enjoyed every day. Whether you’re looking for a second home, a seaside retreat, or an investment opportunity, Spain offers security, quality, and charm in every corner. In this article, we’ll explain clearly and practically the essential requirements and steps to buy a property in Spain as a foreigner, and how to do it with total confidence.

1. Obtain the NIE (Foreign Identification Number)

The first legal requirement to buy a house in Spain is to have an NIE (Número de Identificación de Extranjero). This number is essential for carrying out any economic or legal transaction in the country, such as opening a bank account, signing a mortgage, or paying taxes.

• It can be requested at a police station in Spain or at the Spanish consulate in your home country.
• It is a simple procedure, although it may take several weeks, so it is recommended to apply for it in advance.

2. Open a bank account in Spain

The next step to buy a property in Spain is to open a Spanish bank account, since most payments related to the transaction must be made from a national account.

• It allows you to pay taxes, notary fees, and other expenses related to the purchase.
• Spanish banks offer specific options for non-residents.

3. Sign the purchase contract and make the reservation

Once the property is chosen, the buyer must sign a reservation contract or preliminary purchase agreement. This document ensures that the property is taken off the market while the legal paperwork is being prepared.

• A deposit is usually paid (typically between 5% and 10% of the total price).
• The contract establishes the deadlines, conditions, and obligations of both parties.

4. Attend the signing before a notary

The purchase of a property in Spain is formalized before a notary, who certifies the legality of the transaction. At this time, the final payment is made, and the public deed of sale is issued. After the signing, the property is registered in the Land Registry to ensure your legal ownership.

What taxes do you have to pay when buying a house in Spain?

When buying a house in Spain, the buyer must cover several taxes and associated expenses, including:

• VAT (10%) if it’s a new property.
• Transfer Tax (ITP) if it’s a resale property (between 6% and 10% depending on the region).
• Notary and registry fees.
• Agency and legal fees if professional services are hired.
  

At DESIRE PROPERTIES, we provide transparent information about all costs before completing the purchase, avoiding unnecessary surprises.

Buying a house in Spain is easy with the guidance and support of DESIRE PROPERTIES

Buying a house in Spain may seem complex, but with the right guidance, it’s a safe and rewarding process. At DESIRE PROPERTIES, we offer a comprehensive service that includes:

• Complete legal advice, reviewing every document and contract to ensure all clauses protect your interests.
• Tax and financial guidance, helping you optimize your investment and meet your tax obligations.
• NIE processing and bank account opening, accompanying you from the first step to make the process smooth and hassle-free.
• Notarial and registry management, assisting you during the signing before the notary and taking care of registering the deed.
• Personalized assistance in your language, throughout all phases of the purchase.
  

In short, we help you complete all the requirements and steps needed to buy a house in Spain, ensuring a safe, efficient, and stress-free experience.

• Phone: +34 603 314 570
• Email: office@desire-properties.com
• Address: Avenida Del Pino P C, Number 9, Pinar De Campoverde 03191 (Alicante)