NIE number
The NIE, or Foreigner Identification Number, is required for legal and financial activities in Spain, including buying a property.
Buying guide
A practical guide for non-residents buying a home on the Costa del Sol.
Buying property in Spain, especially on the Costa del Sol, is an attractive option for both those seeking a sunny climate and investors. For non-residents, the process can be complex, so having the right support and expertise is essential.
This guide explains the basic requirements, purchase process, financing, estimated costs, post-purchase management, and the usual timeline so you can make decisions with greater confidence.
Key takeaway
Before choosing a property, buyers should understand the documents required, the expected purchase costs, the timeline, and the professional support needed to complete the process correctly.
The NIE, or Foreigner Identification Number, is required for legal and financial activities in Spain, including buying a property.
A Spanish bank account is required to manage payments related to the purchase.
Buyers need a valid identity document or passport to confirm their identity during the purchase process.
A power of attorney is optional, but it allows representation if the buyer cannot be present for certain steps.
Documentation proving the origin of funds may be requested for compliance with anti-money laundering regulations.
The process begins by finding the property that fits the buyer's needs.
A reservation deposit is required to guarantee the availability of the property.
The buyer signs a preliminary contract, often with an earnest money payment or deposit.
The transaction is completed before a notary, with the support of an agent and translator when needed.
The property is registered in the name of the new owner to complete the legal transfer.
Non-residents can usually obtain a mortgage in Spain, subject to the bank's approval and the buyer's financial profile.
The additional purchase costs usually amount to approximately 10% to 13% of the purchase price.
After signing the notarial deed, the buyer becomes the owner of the property. There are also practical steps and ongoing costs to manage after the purchase.
Owners should plan for IBI property tax, which is usually around 0.4% to 1.1%.
Non-resident income tax, or IRNR, is 19% for EU residents.
Community fees are usually between €50 and €200 per month, depending on the property and residential community.
Utilities and supplies are usually between €100 and €250 per month.
After the purchase, contracts for services such as electricity, water, and internet may need to be activated or transferred to the new owner.
Setting up automatic payments helps keep taxes, community fees, utilities, and other property costs organized.
The exact timeline depends on the property, buyer documentation, financing, and legal checks. As a general guide, the process may take several weeks from reservation to signing.
Domsol offers comprehensive assistance in the client's language, including translation of legal documents and coordination with institutions.
This support is especially useful for international buyers who need clear explanations, transparent communication, and guidance before, during, and after the purchase.
Contact DomsolTalk to us
Speak with Domsol before you start viewings. We can help you understand the process, prepare the right documents, and avoid unnecessary surprises.
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