There are no real restrictions for foreign buyers (EU, UK, US, non-EU). Anyone can legally buy property in Spain, Italy or Portugal.
Can foreigners buy property in Spain?
Yes. There are no restrictions for foreign buyers (EU, UK, US, non-EU). Anyone can legally buy property in Spain.
Do I need an NIE number?
Yes. The NIE (Número de Identificación de Extranjero) is mandatory to buy property, open a bank account, pay taxes, and connect utilities. Apply early—processing can take time.
Do I need a lawyer and property agent?
Absolutely. A specialist Spanish property lawyer protects your interests by:
- Verifying legal ownership and land registry
- Checking debts, taxes, and community fees
- Confirming urban planning and building legality
- Reviewing and drafting all contracts
The notary does not perform these checks.
What are the extra costs when buying?
Expect 10–15% on top of the purchase price.
- Resale property: Transfer Tax (ITP) 6–10%
- New build: VAT (IVA) 10% + Stamp Duty (AJD) ~1.5%
What ongoing taxes apply?
- IBI: Annual local property tax
- Non-Resident Income Tax: Payable even if not rented
- Wealth Tax: Applies in some regions for high-value properties
What is the buying process?
- Secure mortgage (if needed)
- Make an offer and sign reservation agreement
- Legal checks (due diligence)
- Sign private contract (usually 10% deposit)
- Final signing at the notary and key handover
- Property registered and taxes paid
Can buying property in Spain give residency?
- Golden Visa: €500,000 minimum investment (no mortgage)
- Non-Lucrative Visa: For living in Spain without working
Owning property helps but does not guarantee residency.
Special rules for UK buyers (post-Brexit)
- Property purchase is unrestricted
- Stay limited to 90 days in 180 without residency
- Rental income taxed at 24% (no deductions)
Can I rent out my property?
- Short-term rentals: Tourist license required
- Long-term rentals: Strong tenant protection laws
- Rental income must be declared and taxed
Should I open a Spanish bank account?
Yes. It makes paying taxes, utilities, and community fees much easier.
Are community fees mandatory?
Yes, for apartments and urbanisations. Always check for outstanding or upcoming special charges.
Is a property survey necessary?
Not mandatory, but recommended for older properties or rural homes.
Final Advice
Buying property in Spain is safe with the right professionals. A qualified, independent property lawyer is your best protection—and the smartest investment you’ll make.
Welcome to Spain – ¡buena suerte! 🇪🇸