Frequently Asked Questions
How do I buy property in Spain as a foreigner?
The process: get a NIE number, open a Spanish bank account, find a property, hire an independent lawyer for due diligence, sign a reservation contract with deposit, sign the private purchase contract (contrato de arras) with 10% deposit, complete at the notary with full payment. Total process typically takes 1–3 months.
How much deposit do I need to buy property in Spain?
Typically 10% of the purchase price at the private contract stage (contrato de arras), plus a smaller initial reservation deposit of €3,000–€10,000. If you're getting a Spanish mortgage, banks typically lend 60–70% to non-residents, meaning you'll need 30–40% of the price plus roughly 10–13% for taxes and fees.