Buying Property in Spain as a Foreigner (2025 Guide)

Spain continues to be one of Europe’s most attractive countries for international buyers seeking premium real estate, lifestyle benefits, residency options, and long-term investment stability. The process is transparent and foreign-friendly — but there are key steps and legal requirements every buyer should understand.

Below is a complete 2025 guide for foreigners purchasing property in Spain.

1. Can Foreigners Buy Property in Spain?

Yes. Spain imposes no restrictions on foreign buyers. Any non-EU or EU citizen can purchase property freely.

You will, however, need:

NIE number (foreigner tax ID)
A Spanish bank account
Valid identification/passport
Proof of funds for AML (anti–money laundering) checks

2. Step-by-Step Buying Process

Step 1 — Obtain an NIE number

This is required for all property transactions. You can get it in Spain or at a Spanish consulate.

Step 2 — Open a bank account

Needed for taxes, utilities, and payments.

Step 3 — Property search & reservation

Once a property is selected, buyers typically sign:

Reservation contract (€3,000–€10,000)
Private purchase contract (Arras) – 10% deposit

Step 4 — Mortgage (optional)

Foreigners can usually receive:

Up to 60–70% LTV
Term: 20–25 years

Step 5 — Notary & Title Deed Signing

The deed (escritura) is signed before a Spanish notary. Ownership is transferred instantly.

Step 6 — Registration & taxes

Your property is registered at the Land Registry (Registro de la Propiedad).

3. Taxes When Buying Property in Spain (2025)

New-build properties

VAT: 10%
Stamp Duty: 1–1.5%

Resale properties

Transfer Tax (ITP): 6–10% depending on region

Other costs

Notary: 0.3–0.7%
Registry: 0.3–0.5%
Lawyer: 1–2%

4. Residency Options for Foreign Buyers

Buying property does not automatically give residency, but two key visas exist:

Golden Visa

Requires an investment of €500,000+ in Spanish real estate.

Non-lucrative visa

For retirees or remote workers with sufficient income.

5. Tips for Foreign Buyers

Work with a local real estate expert
Always perform legal checks
Review community fees and maintenance
Understand tax obligations (non-resident tax)
Consider long-term investment yields

Buying Property in Spain as a Foreigner (2025 Guide)