AN APPOINTMENT WITH OUR REAL ESTATE AGENT will help to find the right property from our company portfolio: holiday home, apartment, investment property, house for renovation or new construction, condominium or detached, in a specific touristic or residential area.

IF YOU NEED A MORTGAGE to buy a property, you can get a comprehensive advice about mortgage rates and bank finance products and conditions. Mortgage conditions will vary depending on the bank and your fiscal residence. Spanish residents can get a mortgage up to 80%. Non-residents are required to provide a larger down payment and can apply for 50-60%.

When buying a property in Spain, YOU MUST APPLY FOR A NIE NUMBER, which is an identification number for foreigners. It is usually applied for at the national police station.

IT IS ADVISABLE TO OPEN A SPANISH BANK ACCOUNT before buying a property in order to be able to transfer money for the purchase and then be able to pay bills and other fixed expenses after the purchase. To open an account, you'll need to choose a bank and provide the bank with some necessary information, including your identification. Requirements may vary depending on the bank. We can also help you to find the bank with professional language related assistance.

ONCE YOU HAVE CHOSEN THE PROPERTY you wish to buy, a pre-contract is usually drawn up. Signing a deposit contract usually requires a 10% down payment of the sale price, and includes terms and conditions for the property to be delivered. Property delivery time may vary and can take either a few days or several months depending on the type of investment.

THE HANDOVER OF THE PROPERTY is completed on the day of the signing of the notary deed. The deed of purchase is certified before the notary. The property should be free of any debts, tenants, occupants on the day of the signing of the purchase deed. Your real estate agent and/or legal advisor (and translator if necessary) will assist and ensure you that all necessary documents have been delivered and verified.

ADDITIONAL COSTS to formalize the purchase may range from 7% to 10% of the sale price. The ITP tax (6,5%) is levied on property transfers, and is payable by the buyer who purchases a second-hand property. Other costs include notary fees, land registry fees and other management fees.

We hope our advice can help. If you would like more information or would like help and advice on selling your property, please do not hesitate to contact us.