Real estate buying guide in Spain
Buying a property in Spain is a straightforward process, but it requires careful preparation to avoid pitfalls and ensure a secure transaction. This guide walks you through every step, from planning to signing before a notary.
Type of property :
New | Resale :
City :
Obtaining the NIE: Your spanish tax ID
The NIE (Número de Identificación de Extranjero) is essential for any financial transaction in Spain. It can be obtained:
- By applying personally to Spanish authorities
- Via power of attorney through your lawyer
The power of attorney must be notarized, apostilled if done abroad, and translated into Spanish.
Granting power of attorney
This allows your lawyer to:
- Sign documents on your behalf
- Open a bank account
- Obtain your NIE
- Finalize the purchase with the notary
Legal and administrative checks
Your lawyer must verify:
- The Nota Simple (legal status of the property)
- The Certificate of Habitability
- The Energy Performance Certificate
- Any outstanding debts: taxes, utilities, or community fees
Signing the reservation contract
The Contrato de Arras formalizes the agreement between buyer and seller. It includes a deposit (usually 10%) and outlines the purchase terms and deadlines.
Signing the final deed with the notary
The final deed (Escritura Pública) is signed before a Spanish notary. They confirm legal compliance and register the sale in the land registry. Your lawyer can sign via power of attorney.
Costs and taxes associated with buying
Plan for an additional 13% to 15% in costs:
- Resale property: 10% (Valencian Community), 8% (Murcia)
- New property: VAT (10% or 8%) + AJD (1.5% or 2%)
- Notary, legal, and registration fees: approximately €4,000
- If purchasing with a mortgage, expect additional bank fees (appraisal, insurance, commissions, etc.).
After-purchase formalities
- Updating the Land Registry (Catastro)
- Setting up utilities (water, electricity, gas)
- Arranging direct debits
- Declaring Non-Resident Income Tax (IRNR), if applicable
Tips for a safe purchase
- Hire a specialized real estate lawyer
- Never sign without legal advice
- Check the agency’s reputation
- Avoid cash or untraceable payments
- Get all terms clearly in writing
Tailored assistance throughout your journey
At Maison Costa Blanca, we assist you at every step with clarity, reliability, and transparency. Our French-speaking team ensures a smooth and secure buying experience, from the first visit to the final signature.
Are you looking to buy a property in Costa Blanca with us?
Make an appointment now at our agency in Belgium 🇧🇪 to discuss your real estate project.
or get in touch with us on
