Buying a house in Spain as a foreigner is becoming increasingly common, but it is important to note that certain legal requirements must be met to ensure a safe and effective transaction. In this regard, having a specialized real estate lawyer is essential to guide the client throughout the purchase process and avoid potential legal risks.
First of all, it is important to note that foreigners have the same rights and obligations as Spanish citizens when it comes to owning real estate. However, it is necessary to take into account that the process of buying a property in Spain can be complex, especially for those who are not familiar with Spanish legislation and administrative procedures. How to buy a house in Spain as a foreigner?
Having a specialized real estate lawyer can help foreigners understand the different legal aspects surrounding the purchase of a property in Spain. The lawyer can guide the client throughout the process, from selecting the property to signing the purchase contract and registering it in the property registry.
In addition, the lawyer can help the client ensure that all legal aspects are in order, including verifying ownership and obtaining necessary permits. They can also provide advice on taxes and costs associated with buying a property in Spain, which can be especially important for those who are not familiar with the Spanish tax system.
It is important to note that the purchase of a property in Spain may be subject to certain restrictions and regulations, especially in the case of properties located in coastal or rural areas. In this regard, the lawyer can help the client verify that the property complies with all applicable regulations and avoid potential legal problems in the future.
This is why having a specialized real estate lawyer is essential for foreigners who want to buy property in Spain. The lawyer can provide advice and guidance throughout the purchase process, ensuring that all legal aspects are in order and avoiding potential legal risks in the future. At Consuelo Hernández, we want to make it easy for foreigners to buy a house in Spain.
Yes. Anyone, regardless of whether they are a resident or not, can buy a property in Spanish territory if they have previously obtained the NIE from the Spanish authority.
To buy a property in Spain as a foreigner, you must meet the following requirements:
The taxes that the interested party will have to pay are: property transfer tax, VAT, notary fees, property registration costs, property valuation, and lawyer's fees.
Some of the options to finance a property without the need for a mortgage are: rent with option to buy, housing cooperative, deferred payment, family financing, real estate crowdfunding, and bridge mortgage.
Buying a property facilitates the process of obtaining Spanish residency. After making an investment of at least €500,000 in real estate, you can apply for the Golden Visa which allows you to legally reside and work in the country for 2 years.
There are many places in Spain where you can find your ideal apartment or house at a better price through property search portals and real estate agencies.
