Buying property in Spain
More about life in SpainBuying property in Spain represents an attractive opportunity both for personal use and investment. Thanks to a stable market, diverse offerings, and favorable prices compared to other European countries, more and more foreign citizens are choosing to find their second home right here. Whether you're looking for a primary residence, a vacation home, or a property for rental, Spain offers conditions that combine high quality of life with long-term investment value.
More about life in SpainLegal process of buying property
Purchase steps
- Property reservation with deposit payment
- Signing the preliminary contract (arras contract) and paying the deposit
- Finalizing the purchase agreement before a notary
- Transfer of ownership and registration in land records
Role of notary and lawyer
- Notary certifies the contract and verifies the legal validity of the transaction
- Lawyer verifies ownership, debts, urban planning permits and manages the entire process
Important documents
- NIE number
- Title deed (Nota Simple)
- Cadastral extract
- Mortgage status certificate (if applicable)
Financing and credit
How to get a loan as a foreigner?
- Most Spanish banks offer mortgage loans to foreign citizens
- It's necessary to open a bank account in Spain
- Loans cover up to 70% of the property value
Conditions required by banks
- Proof of income and employment
- Credit history report
- Passport and NIE number
Average interest rate and repayment period
- Interest rates: 3% – 4.5%
- Repayment period: up to 30 years
Legal advice for foreigners
Can I buy property without residency?
Yes, it's possible. Only a NIE number and passport are required.
What to pay attention to?
- Check the legality of construction and urban planning status
- Make sure there are no debts, mortgages, or legal disputes
- Get an independent valuation
How to avoid fraud?
- Hire a licensed attorney
- Don't sign documents you don't understand
- Don't make payments without prior verification of documentation
Buying property in Spain can be safe and profitable – with expert legal support.