How to buy property in Spain as a foreigner

A clear, step-by-step guide for international buyers on the Costa del Sol: NIE number, the buying process, taxes and costs, mortgages and timelines.

Can foreigners buy property in Spain?

Yes. There are no restrictions on non-residents buying property in Spain. Buyers from the UK, the Netherlands, Germany, Scandinavia and beyond purchase on the Costa del Sol every year, and the process is well established for international buyers.

Step 1 — Get an NIE number

The NIE (Número de Identificación de Extranjero) is your Spanish tax identification number, and you need it to buy. You can apply at a Spanish consulate in your home country or in Spain, usually with the help of your lawyer.

Step 2 — Appoint an independent lawyer

Use a lawyer who is independent of the agency and the seller. They run the legal checks: ownership, debts, licences, planning status and community fees. This is the single most important step for a safe purchase.

Step 3 — Reserve and sign

Once you agree a price, a reservation contract takes the property off the market against a deposit. A private purchase contract (with around 10% deposit) follows, and finally the public deed (escritura) is signed before a notary, when the balance is paid and keys change hands.

Step 4 — Budget for costs

On the Costa del Sol, budget roughly 10–13% on top of the price for a resale purchase: transfer tax (ITP, around 7% in Andalucía), notary and land-registry fees, and your lawyer. New-build purchases carry VAT (IVA) plus stamp duty instead of transfer tax.

Step 5 — Financing (optional)

Non-resident buyers can usually borrow around 60–70% of the value from a Spanish bank, subject to income checks. Many international buyers pay cash or arrange finance at home; speak to a broker early if you need a mortgage.

How long does it take?

From offer to completion is typically 4–8 weeks for a cash purchase, longer if a mortgage is involved. Getting your NIE and lawyer lined up early keeps things moving.

FAQ