Q&A about Real Estate in Spain

Can a European citizen buy a property in Spain?

Yes. The purchase of real estate by a foreigner from the European Union is fully possible, but you should remember about the differences resulting from Spanish law.

What is an NIE number and where do I get one?

The NIE number is a tax identification number for foreigners.It can be obtained at the Spanish Embassy in your country or in Spain at the police station, in the department for foreigners together with a lawyer or an experienced real estate agent.

Can you take a home loan in Spain?

Yes. Spanish banks for non-residents finance 60% or 70% of the value of the property for a maximum of 25 years. Banks grant loans to people up to 75 years of age. The documents to be presented are BIK (credit history), account statements for the last 6 months, PITs for the last two years and justification of the form of employment. We prepare propostion to 100% financial.

What costs should be added to the purchase of real estate in Spain?

Depending on the region, the property transfer tax is 8% (Comunidad Murcia) or 10% (Alicante). Additionally, notarial costs, which include the notary fee, the real estate register in the amount of EUR 1,300 (depending on the region and the notary) and the costs of a law firm, approx. EUR 1,500.

Is it worth using the services of a lawyer when buying real estate?

We strongly recommend using the services of a lawyer when buying a property in Spain. Polish and Spanish real estate law differ, and the lawyer's service guarantees a safe transaction. In addition to preparing a notarial deed and translating it for the client, he checks the legal status of the property - e.g. whether there are no classes, easements or illegal construction, and after the purchase, he deals with rewriting the media and reporting the new owner to the administration.

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