Spain mortgage guide
Buying property in Spain
An indicative step-by-step overview for foreign buyers acquiring property in Spain — from getting your NIE to finalising the mortgage at the notary.
Get your NIE
Foreign buyers need a Spanish tax identification number (NIE). It is required to open a bank account, sign deeds and apply for a mortgage.
Reserve and deposit
Reservation contracts typically secure the property. A 10% deposit is then commonly paid on signing the private purchase contract.
Taxes and fees
Plan for approximately 10–15% in taxes and fees on top of the property price. Exact amounts depend on region and whether the property is new build or resale.
Notary signing
The mortgage and the deed are signed in front of a Spanish notary. Power of attorney is sometimes used by foreign buyers.
Frequently asked questions
Do I need a Spanish lawyer?
Strongly recommended. An independent lawyer protects your interests and verifies the property is free of debts or charges.
Can I buy in a company name?
Yes, but it changes tax and mortgage treatment. Discuss with a regulated broker and tax advisor.
Check your mortgage readiness
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