1. Can I buy a property in Spain as a foreigner?
Yes, both EU and non-EU citizens can buy property in Spain.
However, you do need an NIE number, an identification number that is necessary
for all official acts.
2. What are the additional costs when buying a property?
Count on about 10-13% of the purchase price for transfer tax,
notary fees, registration fees, any brokerage and attorney fees.
3. Is it wise to engage a gestor/lawyer?
Absolutely. An independent gestor/lawyer checks property titles,
permits and supervises the legal settlement. Dacasas Real Estate lets
check the documents by an independent gestor agency and carries the
costs of this entirely for its customers.
4. What is the buying process like?
Usually in three steps: reservation agreement, preliminary sales contract with
down payment, and notarised transfer.
5. Can I get a mortgage as a foreigner?
Yes, banks provide mortgages up to 60-70% of value, with some
stricter conditions than for residents.
6. Do I have to pay taxes as an owner?
Yes, including property tax (IBI), waste levy, and possibly
income tax if you rent out.
7. Can I rent out my property?
That depends on local rules; tourist rentals often require permits.
8. What are the risks?
Risks include hidden debts, illegal construction, property problems;
proper legal guidance reduces them.
9. What is the difference between urbano and rustico?
Urbano is building land within urban area, rustico is rural with
building restrictions.
10. Do I have to be present at the notarial transfer myself?
No, giving power of attorney is possible.
11. Do I need to open a Spanish bank account?
It is practical for payments and taxes, but not necessarily necessary.
12. How does Dacasas Real Estate help?
We guide you from search to key transfer and aftercare.
