Frequently asked questions
Everything you want to know about buying a home in Spain, clearly and honestly explained. Is your question not listed? Feel free to ask it.
Buying in Spain
Can I buy a property in Spain as a foreigner?
Yes. Both EU and non-EU citizens are allowed to buy property in Spain. You do need a NIE number: an identification number for foreigners that you use for all official procedures.
How does the buying process work?
Usually in three steps: a reservation agreement, a preliminary purchase contract with a deposit, and the transfer at the notary. For more information, see our guide. How to buy a house in Spain.
Is it wise to hire a gestor or a lawyer?
Absolutely. An independent administrator or lawyer checks property titles and permits and oversees the legal proceedings. Dacasas has the documents checked by an independent agency and covers the costs of this entirely.
What are the risks?
For example, hidden debts, illegal construction, or problems with the title to the property. Good legal advice significantly reduces those risks.
What is the difference between urbano and rústico?
Urbano is land within urban areas where construction is permitted. Rústico is rural land with stricter building restrictions.
Do I need to be present myself at the notary?
No. You can give someone a power of attorney to sign on your behalf.
Do I need to open a Spanish bank account?
It is very practical for payments and taxes, but not strictly necessary.
Costs and financing
What are the additional costs associated with buying a home?
Expect approximately 10 to 13 percent of the purchase price to be paid in transfer tax, notary fees, registration fees, and any attorney fees. Always have your personal situation reviewed by a tax advisor.
Can I get a mortgage as a foreigner?
Yes. Spanish banks provide mortgages to foreigners, usually up to 60 to 70% of the value and with slightly stricter conditions than for residents.
Do I have to pay taxes as an owner?
Yes, including property tax (IBI), a waste disposal fee and possibly income tax if you rent out your property.
After the purchase
Can I rent out my property?
That depends on the local regulations. For tourist rentals, registration is required in the Valencia region and strict conditions apply. Please check this before purchasing.
How does Dacasas help?
We guide you from the first search to the key handover and beyond. View us housing supply or Get in touch.
Any other questions?
We are happy to answer it personally, in Dutch.