Expert Real Estate Lawyers | Alicante & Murcia | TA Lawyers

No, you do not need to be a Spanish resident to buy property. Foreign nationals, including non-residents, can freely buy real estate in Spain. However, you will need the NIE number to finalize the process at the spanish notary. Also if you are planning to stay in Spain for extended periods, you may need to apply for a residence visa, depending on your situation.

The NIE (Número de Identificación de Extranjero) is a tax identification number required for all foreigners wishing to buy property in Spain. It is necessary for all legal transactions involving property, including paying taxes. We can assist you with obtaining the NIE.

When buying property in Spain, in addition to the property price, you'll need to account for the following costs: Notary fees. Depending on the deeds and Purchasing price. Land Registry fees Taxes: Depending on whether it's a new or resale property, you'll pay either IVA (VAT) + AJD or Transfer Tax (ITP), which can range from 6% to 10% of the purchase price depending on the community in Spain where you buy the property. Legal fees: Our team will provide transparent pricing for all legal services. Mortgage fees: If applicable, there may be additional costs related to obtaining a mortgage in Spain.

Yes, foreign buyers can apply for a mortgage in Spain. However, banks will typically require you to have a permanent income or substantial savings. The amount you can borrow depends on your financial situation and in the currency you get your incomes. Our legal services can help guide you through the mortgage application process and assist with paperwork.

In general, there are no restrictions on buying property in Spain. However, there may be specific zoning laws, such as in protected areas like the coast or agricultural land, where restrictions may apply. Also need to be aware of urbanistic violations on rustic and urban lands. We conduct thorough due diligence to ensure the property you are interested in is free of any such restrictions.

As a property owner in Spain, you will need to pay an annual property tax (IBI), which varies depending on the property’s location and value. Additionally, if you are renting out the property, rental income will be subject to taxes in Spain. Our team offers comprehensive tax advice to ensure you're in compliance with Spanish tax laws. If today you are non resident in Spain but you own a property you will need to present the Non resident taxes anually.

If you decide to sell the property in the future, the process is similar to the buying process, involving a notary, preparing deposit contract for the operation and paying capital gains tax, which may apply depending on the increase in value of the property. Our team can assist you with the selling process and any tax implications.