Buying Property in Spain: The Complete Guide for International Buyers

Are you dreaming of buying property in Spain – a house with sea views, an apartment by the beach or a country finca in the Costa Blanca hinterland? Buying from abroad is easier than many people think, once you understand the process and the key costs. This guide walks you step by step through the entire process – from the first viewing to the day at the notary.

Step 1: Apply for your NIE number

In Spain, almost nothing works without an NIE (Número de Identidad de Extranjero). You need this tax identification number for foreigners to open a bank account, sign contracts and register the property in your name. You can apply for the NIE in Spain at the immigration office, or through the Spanish consulate in your home country. We support our buyers with this step and, if needed, put you in touch with a lawyer or gestor.

Step 2: Sort out financing and a bank account

Many international buyers pay for their Spanish property from their own funds, while others finance through a Spanish bank. Foreign buyers can usually obtain financing of around 60–70 % of the purchase price. A Spanish bank account makes it easy to settle costs, taxes and ongoing expenses (electricity, water, community fees).

Step 3: Find the right property – with local guidance

This is where a local estate agent pays off. We know the market between Denia, Jávea and the southern Costa Blanca, pre-screen properties and accompany you personally to viewings – in German, English, French or Spanish. That way you only see properties that truly match your wishes and your budget, and you avoid costly mistakes.

Step 4: Reservation and purchase contract (Arras)

Once you have found your dream property, it is usually taken off the market with a reservation agreement and a small deposit. Next comes the private purchase contract (Contrato de Arras), where around 10 % of the purchase price is typically paid as a deposit. Before you sign here, an independent lawyer checks the property’s legal status – is it free of charges, correctly registered and approved?

Step 5: The day at the notary (Escritura)

The actual transfer of ownership takes place at the notary. There the title deed (Escritura de Compraventa) is signed, the balance of the purchase price is paid and the keys are handed over to you. The purchase is then registered at the Land Registry (Registro de la Propiedad). We accompany you to all appointments and make sure that language and bureaucracy are never an obstacle.

What purchase costs should you expect?

Budget around 11–13 % in additional costs on top of the purchase price. The main items in the Valencia region (province of Alicante):

• Transfer tax (ITP) on resale properties: currently around 10 % of the purchase price.
• For new builds: 10 % VAT (IVA) plus approx. 1.5 % stamp duty (AJD).
• Notary and land registry: together usually around 1–1.5 %.
• Lawyer/gestor: typically around 1 % plus VAT.

Please note: tax rates can change and depend on the individual case. We will give you the exact calculation for your chosen property before you buy.

Conclusion: well guided to your home in Spain

Buying property in Spain is a clear, predictable process with the right guidance. Once you understand the NIE, the costs and the steps – and have an experienced agent at your side – you reach your goal quickly, safely and with peace of mind.

Ready for the first step? Browse our latest listings on the Costa Blanca or contact us with no obligation – we accompany you from the search all the way to the handover of keys.