Living in Spain: A Dream Come True

Spain is one of the most attractive destinations for foreigners looking to enjoy a warm climate and a relaxed lifestyle. The Costa Blanca is a hotspot for those wishing to invest in a property, either as a second home or to settle down permanently. However, before taking this big step, it is essential to know the legal requirements for buying and selling property by non-residents in Spain.

Key Requirements for Buying a Property in Spain

  1. Obtaining a Foreigner’s Identification Number (NIE). For any real estate transaction in Spain, non-residents must obtain a NIE. It is essential to sign contracts, pay taxes and carry out any legal formalities related to the purchase of a property.
  2. Opening a Spanish Bank Account. Although it is not compulsory, it is highly recommended to have a Spanish bank account to facilitate transactions, tax payments and recurring expenses such as utilities or community fees.
  3. Contract of Deposit and Formalization of the Purchase. The buyer hands over a deposit as a commitment to purchase. Subsequently, the signing of the deed of purchase takes place before a notary
  4. Payment of Taxes and Associated Expenses. Non-resident buyers must pay Transfer Tax in the case of second-hand properties or VAT for new-built properties. In addition, other expenses such as notary fees, land registry fees and administrative formalities must be considered.
  5. Land Registry.  Once the public deed has been signed, the property must be registered in the corresponding Land Registry. This is crucial to ensure that the property is legally in the name of the buyer.
  6. Legal Advice. Having a lawyer specialized in real estate law is essential to ensure that the whole process runs smoothly. A professional will assess the legal situation of the property, verify that there are no outstanding charges or debts and take care of all the necessary documentation.

Conclusion: Invest Safely in Your New Home

Buying a property in Spain as a foreigner may seem like a complex process, but with the right advice, it all becomes much simpler. At A&G Lawyers, we have over 20 years of experience helping non-residents realise their dream of owning a home on the Costa Blanca. Our team accompanies you every step of the way, ensuring a safe and secure purchase with no surprises.

Ready to take the plunge? Contact us and let the experts guide you through the purchase of your property at