Table of Contents
Introduction: Why Buy Property in Spain?
Spain is one of Europe’s most attractive destinations for property buyers, offering a Mediterranean climate, diverse landscapes, and a strong real estate market. Whether you’re looking for a holiday home, an investment property, or a place to retire, Spain offers a wide range of options.
✔ Affordable compared to other European markets – Property prices in Spain remain competitive compared to France, Italy, and Portugal.
✔ Residency and lifestyle benefits – Buying property in Spain can help non-EU citizens establish residency (not through the Golden Visa, which is no longer available).
✔ Strong rental market – Popular tourist destinations offer excellent short-term rental returns.
✔ Diverse locations – From beachfront villas on the Costa del Sol to city apartments in Madrid, there’s something for every buyer.
💡 Understanding the costs, legal requirements, and process of buying property in Spain is essential to avoid unexpected surprises.
Step-by-Step Guide to Buying a Property in Spain
1️⃣ Find a Property
• Work with reputable real estate agents and legal professionals.
• Consider location, budget, and investment potential.
2️⃣ Reserve the Property
• Pay a reservation deposit (usually €3,000–€6,000).
• Sign a preliminary contract (Contrato de reserva / oferta).
3️⃣ Legal Due Diligence
• Your lawyer verifies ownership, debts, planning permissions, and legal status.
• Obtain an NIE number (Foreigner Identification Number).
4️⃣ Sign the Purchase Agreement
• Pay 10% of the property price as a deposit (for resale properties).
• Finalise financing (if applicable).
5️⃣ Notary & Completion
• Sign the Escritura (Title Deed) before a notary.
• Pay Property Transfer Tax (ITP) or VAT (IVA) + Stamp Duty (AJD).
6️⃣ Register the Property
• The lawyer registers the property in your name at the Land Registry.
• They will arrange the utilities and any other services that are needed.
Property Purchase Taxes in Spain
The taxes you pay depend on whether you’re buying a resale property or a new-build home.
Resale Property Taxes (Second-Hand Homes)
✔ Property Transfer Tax (ITP) – Between 6% and 10%, depending on the region.
✔ Valor de Referencia Rule – ITP is calculated on the higher value between the purchase price and the official reference value.
New Build Property Taxes
✔ IVA (VAT) – 10% on the purchase price.
✔ AJD (Stamp Duty) – 1.2% to 2%, depending on the region.
💡 Regional variations apply – check our Regional Guides for location-specific rates.
Notary and Land Registry Fees
✔ Notary Fees: €800–€3,000
✔ Land Registry Fees: €500–€2,500
💡 Fees vary depending on the purchase price, location, type of property and mortgage registration.
Legal Fees & Due Diligence Costs
✔ Legal fees are typically 1,25%–1.5% of the purchase price with a minimum payable.
✔ Platinum Legal Spain provides:
• Title deed & debt verification
• Contract review & negotiation
• Tax calculations & compliance
💡 Hiring an independent lawyer protects your investment and prevents costly mistakes.
Buying Property in Spain: Regional Guides
🔗 The Costa Blanca – Alicante, Torrevieja, Benidorm
🔗 The Costa del Sol – Marbella, Málaga, Fuengirola
🔗 Murcia – Cartagena, San Javier
🔗 Catalonia – Barcelona, Girona
Each guide covers specific property taxes, legal costs, and local market insights.
Why Our Clients Trust Us
Proven Track Record
Successfully handling legal matters for hundreds of clients across Murcia, Alicante, Comunidad Valenciana, Almeria, and Andalucia each year.
Tailored Legal Solutions
Personalised advice that fits your specific situation, whether you’re an expat, investor, or resident.
Clear Communication
Legal advice delivered in your language: English, Spanish, French, or with translation in Dutch, Swedish, and German—no misunderstandings, just clarity.
FAQs on Buying a Property in Spain
What taxes do I pay when buying a property in Spain?
ITP (6%–10%) on resale properties or IVA (10%) + AJD (1.2%–2%) for new builds.
Can foreigners buy property in Spain?
Yes, there are no restrictions on foreign property ownership.
How long does the property purchase process take?
1 to 3 months, depending on legal checks and mortgage processing.
Do I need an NIE number to buy property in Spain?
Yes, NIE (Número de Identificación de Extranjero) is required for all property purchases.
Should I hire a lawyer when buying a property?
You do not need to hire a lawyer to purchase in Spain; however, your lawyer ensures your purchase is legally secure and free of debts and makes sure the purchase goes through smoothly.
Disclaimer
This guide is for general information only. Property laws and tax rates change, so we recommend consulting a legal expert before purchasing property in Spain.
Ready to discuss your legal needs in Spain?
Contact Platinum Legal Spain for Property Purchase Assistance
💡 Need expert legal guidance for your property purchase in Spain? Contact Platinum Legal Spain today for a consultation.