Without Risks or Surprises?
Buying in Spain can be simple - if you’re properly advised
- Legal due diligence: We review the legal status of the property.
- Contracts: We draft or review all contracts.
- Taxes:We optimize the tax impact based on your country and situation
- Handling paperwork: We coordinate with notary, tax authorities, and land registry.
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Legal Considerations For Foreigners Buying Property In Spain
Can foreigners legally buy property in Spain?
Yes, both EU and non-EU citizens can buy property in Spain without needing to be residents.
Do I need a Spanish bank account to buy property?
It’s not legally required, but it’s highly recommended to manage payments, taxes, and ongoing property expenses.
Is a notary involved in the property purchase?
Yes, all property transactions must be formalized in a public deed before a Spanish notary.
What is legal due diligence, and is it necessary?
Yes, it’s essential. It involves checking the property’s ownership, debts, licenses, and urban compliance—ideally done by an independent lawyer.
What taxes do buyers have to pay?
- Transfer Tax (ITP): 6–10% on resale properties.
- VAT & Stamp Duty (AJD): 10% VAT + 0.5–1.5% AJD on new builds.
- Non-Resident Income Tax (IRNR): Annual tax even if not rented.
- Property Tax (IBI): Annual municipal tax paid by owners.
Are there restrictions for non-EU buyers?
Yes. Buyers from outside the EU may need military authorization to purchase property in certain strategic areas like parts of the Balearics and Cádiz.
What are common mistakes made by foreign buyers?
Not verifying legal status, paying without contracts, underestimating costs, and signing untranslated documents.
What are best practices for a safe purchase?
Hire a qualified lawyer, translate all documents, avoid signing without legal advice, and stay compliant with tax and registration duties.