Purchase Guide
Everything You Need to Know About Buying a Property in Spain
Purchase Guide in Spain
Buying a property in Spain can be an exciting and rewarding investment, but the process comes with a series of legal and tax requirements that are often unfamiliar to foreign buyers. The Spanish property purchase process has its own rules and procedures, and understanding them is essential to avoid delays, unexpected costs, or legal issues.
At Fuster & Associates, we’ve helped over 10,000 international clients successfully purchase property in Spain since 1997. Our team of legal and tax experts simplifies every stage of the process and provides comprehensive support to ensure a secure, professional, and stress-free property acquisition.
What Is the Property Purchase Process in Spain?
Buying real estate in Spain involves several key steps, including legal review, due diligence, and tax planning. These steps vary depending on whether the property is new-build or resale.
With the help of a legal expert, the purchase process becomes a smooth and secure experience, avoiding language barriers and administrative pitfalls.
Who Needs Legal Assistance to Buy Property in Spain?
This service is ideal for:
Foreign buyers unfamiliar with Spanish property law
Individuals purchasing remotely and needing Power of Attorney
Buyers acquiring new-build properties with stage payments
Those who want peace of mind and full legal due diligence
Regardless of your country of residence, legal guidance is highly recommended to ensure a safe and lawful property purchase.
Requirements and Documentation Before Purchase
To prepare for a property purchase in Spain, the following steps and documents are essential:
Private Purchase Contract
In Fuster & Associates we will review and explain the contract before you sign to ensure it protects your interests.
Power of Attorney
A legally binding document allowing your lawyer to act on your behalf, fully translated and clarified before signing.
NIE Number
Required for any financial or legal transaction in Spain; the entire application and collection process is handled for you.
Spanish Bank Account
Essential for managing ongoing payments such as utilities and taxes; assistance is provided to open the account smoothly.
Due Diligence
A complete legal check of the property is carried out to confirm it’s safe to purchase and complies with all regulations.
The Property Purchase Process
1. Preparing Your Purchase
Includes: - Contract review
- Power of Attorney
- Obtaining NIE
- Opening bank account
- Due diligence on the property
2. Completing Your Purchase
A) Completion at Notary
The final step where ownership and payment are exchanged. We represent you at the notary and sign on your behalf if needed.
B) Property Taxes & Fees
Includes:
- Notary and Registry Fees
- ITP or VAT
- Stamp Duty (AJD) for new-builds
- Plusvalía Municipal We calculate and pay all taxes on your behalf.
C) Registering the Deeds
We register the title deed at the Land Registry for you, ensuring it’s done quickly and correctly.
D) Utilities and Services
We update allutility contracts, community fees, and council tax into your name.
3. After Your Purchase
A) Taxes
We help you comply with your ongoing tax obligations as a property owner in Spain.
B) Inheritance Planning
We provide Wills and inheritance planning services to safeguard your property and minimize taxes.
C) Enjoy Spain
With your purchase complete, enjoy the lifestyle, culture, and climate.
Common Mistakes and How We Avoid Them
Many buyers face delays or legal issues due to lack of knowledge or missing documentation. Fuster & Associates guides you to:
Avoid contract misunderstandings.
Ensure all legal documents are correctly prepared.
Prevent tax payment errors.
Complete registrations promptly.
Benefits of Professional Advice from Fuster & Associates
Professional, secure, and efficient handling of your purchase.
Expert advice tailored to your needs.
Delegation of complex legal and fiscal tasks.
Ongoing support even after purchase.
Let Us Handle the Process for You!
At Fuster & Associates, we have a team of immigration experts with extensive experience in processing the Spanish Income Tax Return. We know how to avoid common mistakes in document submission, ensuring that each application meets all the necessary requirements to maximize the chances of approval. From document collection to filing appeals in case of denial, we handle everything so you can enjoy your new life in Spain stress-free.
If you are planning to settle in Spain in areas such as San Juan de los Terreros, Pulpí, Los Alcázares, La Zenia, Teulada, and Finestrat, our firm has strategically located offices to provide you with a personalized and close service. We have in-depth knowledge of the consular and administrative procedures specific to each region, ensuring a smooth and efficient process.
At Fuster & Associates, our team of immigration specialists will support you at every stage of the process to guarantee a successful application. From document preparation to handling appeals, we take care of everything so you can start your new life in Spain with peace of mind.
✉️ Contact us today and start living your new life in Spain with all the legal peace of mind you need.
FAQS
Frequently Asked Questions
How can I finance my purchase?
You can obtain a mortgage from Spanish or international banks. Setup costs are around 4–5% of the loan amount.
Can I transfer funds internationally?
Yes, via bank transfers (3–5 days) or currency exchange companies for better rates.
Is there a building survey?
New-builds come with a 10-year guarantee. Surveys on resales must be specifically requested.
Who pays the seller's tax?
If the seller is non-resident, 3% is withheld by law and paid to the tax office by the buyer.
What are the yearly costs of owning property in Spain?
- Council Tax: €400
- Non-resident tax: €500
- Community fees: variable