Real Estate Advice for Expats
Are you planning to buy or sell real estate in Spain?
There are many legal steps to take, especially if you are a foreigner, and not knowing how the Spanish legislation works can make it really difficult for you. But don’t worry, our real estate lawyers in Spain will make things easy. Let us be in charge, and we will:
Guide You from Beginning to End
From deciding which property to buy, negotiating, signing the purchase agreement, to understanding tax implications, we will assist you in all the steps along the way.
Prepare All the Required Documents
Our lawyers will be in charge of reviewing the sales contract and title deeds so that no clause damages you. We will help you prepare all the required documents, as well.
Perform Due Diligence
We will check the property to confirm that there are no existing issues or debts attached to it. We will even provide an architectural report to make sure it is safe to inhabit.
For more than 40 years, our real estate lawyers have been helping citizens from all around the world with their real estate needs.
With all the experience in our back pocket, we can guarantee full legal safety.
We’re more than ready to help you start buying and selling property in Spain.
Are you ready for this adventure?
Fill out this form and, let’s get started!
Why buy real estate in Spain?
- Affordable cost of living: ultimately this will depend on where in Spain you choose to live as capital cities are more expensive, but generally, Spain is more affordable than other European countries
- Healthcare: Spain has one of the best healthcare systems in the world
- Expat communities and start-up ecosystems: with all the visa options available to foreigners, Spain has many established expat communities no matter where you are, so that you can always find a place where you belong
- Spanish culture: from the food, to the history, to the way of life, the country is bursting with new experiences and things to learn
What Our Clients are Saying
Frequently Asked Questions about Real Estate Laws in Spain
What are the main requirements to buy a property in Spain?
Purchasing a property in Spain is quite simple. As for any other legal procedure in the country, you will just need your NIE number. This is the basic identification number assigned to foreigners that you can easily get at the Foreigners Office (Oficina de Extranjería). Our solicitor team can help you get the NIE as soon as possible so it won’t interfere with the buying process.
Which taxes do I have to pay when purchasing a property? How about when selling?
Basically you will need to pay one tax: the property transfer tax. If the property is second-hand, the percentage will be equal to 10%. But if it is brand new, you will just need to pay 5%.
In the case that you are selling the property, you will pay from 19 to 23% for the capital gains tax. The percentage will depend on the difference between the selling price and the price you paid to acquire the property.
Can I get the Spanish residency simply by buying a property?
Yes. You can become a legal resident through the purchase of real estate, provided that the price is above €500.000. You would then be able to apply for the golden visa (investor visa); which also allows you to bring your family with you.
Will the bank give me a loan? Should I get it in Spain or my country of origin?
Currently, banks in Spain are giving loans that will cover 60 to 70% of the purchasing cost of the property. Nevertheless, if you are willing to get a mortgage, our advice is to do it in your country of origin.
The reason behind this is simple: you will end up paying higher taxes if you are a non-resident in Spain.
Any more questions? Our real estate lawyers would be happy to answer them.
Learn More About Buying & Selling Property in Spain
The legal process to buy a property in Spain as an expat
The answers to the most FAQ about buying/selling
Taxes and expenses associated with buying a house
Taxes and expenses associated with selling a house
Everything you need to know about the Spanish Golden Visa
A comparison of the different Golden Visas in Europe