If you want to buy a house in Spain as a foreigner, you will have to deal with some bureaucracy first.

The Spanish property market has a lot of anomalies, so doing your research before buying a home in Spain is a good idea. Knowing what to expect when buying a home in Spain will help you avoid the difficulties of relocating to another country. Property scams, high capital gains tax, and swings in the Spanish real estate market are all things to keep in mind while buying Spanish property.

How much does it cost to buy a property in Spain?

The Global Property Guide's pre-pandemic investigation revealed average property expenses per square metre for 14 of Spain's 17 autonomous regions.

According to the data, average property prices in major cities increased by 5% to €1,649 per square metre in the third quarter of 2019, while properties in the Balearic and Canary Islands increased by 11% to €1,604 per square metre.

San Sebastian, Barcelona, and Madrid are the most expensive cities in Spain to buy-in. Prices per square metre in all three districts varied from €3,000 to €3,600.

With costs of €338 per square metre, Madrid was the most expensive city in Spain to acquire land. The top five were the Canary Islands (€245), Catalunya (€184), Andalusia (€171), and Valencia (€158).

How long does it take to buy a property in Spain?

The buying process can take as little as a week to two weeks if everything goes well and your independent legal adviser is solely focused on your transaction. But in reality, a purchase can take anywhere from four to six weeks from the time you find the property and agree on a purchase price to the time you register your interest in the property.

What do I need to buy a property in Spain?

To buy a property in Spain you require the following documents:

• passport;
• nie number (NIE);
• power of attorney to acquire nie number (NIE) and purchase of real estate - if not personally come to Spain for the deal.
• Documents required to obtain an NIE number:
• application for the NIE;
• passport with a stamp from the airport on arrival in Spain - the original and a copy;
• Valid Spanish visa;
• return ticket from Spain;
• contract of sale;
• bank certificate about the presence in the account of the necessary amount of money for the purchase of real estate (in the amount of 40-50% of the cost of the property acquired);
• prepayment invoice;
• 3 colour photos 3x4 cm.

How to buy property in Spain as a foreigner?

Any foreigner can purchase a house in Spain. Nevertheless, there is one difference. In case you are not a Spanish national, you will need to take one extra step before the purchase.

The initial step should be to obtain your NIE number. It is a fundamental identification number that must be acquired by all foreigners upon entering the country.

Furthermore, there is a distinction to be made here. Because things differ based on your country of origin:

If you are from a member of the European Union,

There are two types of NIEs if you are from a European Union country:

1. For those who do not wish to live in Spain, a temporary NIE number is available. For example, if you intend to visit the country, make a transaction, and then leave, this is the form of ID you will need to request.
2. For individuals who desire one, there's a resident NIE (a permanent one).

On the other hand, Let's say, you're a non-EU citizen. In that scenario:

1. If you live in Spain, you can apply for a Resident NIE number (if you live in the country more than 183 days per year).
2. If you don't live in Spain but want to buy a home there, you'll need a non-resident NIE.

Denia property for sale

Denia is a vibrant coastal town in northern Costa Blanca that is popular with second homeowners and ex-pats from Spain. It's a significant port with numerous ferries to the Balearic Islands and a marina with top-notch restaurants overlooking the sea and harbour.

The promenade and old fisherman's hamlet are nearby, with small streets and popular bars and restaurants, retaining their true Spanish charm. Denia's golden sandy beaches, which include the famed Las Marinas, stretch for 13 km and are lined with clubs and restaurants.

Denia has two-bedroom apartments starting at around €110k, as well as character houses in the town centre and villas starting at over €200k. You can view all the property options in Denia

Javea property for sale

Buying real estate in Javea is not as complicated as some people believe. There are papers you need to acquire, but this is straightforward with the help of an experienced real estate agent and later a legal representative.

Javea is unique, as just over more than half of the approximate 27,000 residents are foreign nationals. This means anyone moving to the town will be in good company as there is a large enough ex-pat community to socialise with others who speak your language. There are plenty of activities arranged by foreigners, from fundraisers to sports events to social get-togethers, and newcomers are always welcome to join in and will soon feel at ease in their new home.

Property for sale in Moraira

Either as a permanent residence or holiday house, having a property in Moraira allows you to enjoy many things. Good food, good weather, great views, good services as restaurants, hospitals, schools and many other things. Do not hesitate, we have the property for sale in Moraira that you are looking for.