Steps to Follow When Buying a House in Spain as a Foreigner

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Firstly, you'll need to obtain the NIE or NIF (Foreigner Identification Number). This number allows you to purchase property in Spain and serves as your identification as a foreigner. You can apply for your NIE at the police or the Spanish embassy, depending on your tax reasons (e.g., opening a business or buying real estate). Companies acquire the NIF differently by requesting it directly from the Spanish Tax Agency (AEAT).

 

Secondly, be aware that you will have to pay taxes and additional fees, such as VAT, Property Transfer Tax (ITP), Tax on Documented Legal Acts (AJD), notary deed drafting, property registration, and other costs associated with a mortgage, including appraisal, notary, and taxes.

 

Thirdly, when acquiring a property, consider several crucial points: visit the property, ensure you are dealing with the owner or an authorized person, sign a contract during payment, and once the purchase is complete, register your property.

 

If you are a foreigner and feel lost in the process, we recommend buying with real estate professionals. At www.rosamh.com, we listen to your needs, present properties until you are satisfied, and accompany you throughout. With 30 years of experience, we guarantee the satisfaction of our clients. Click here to check our list of new and used properties