How to buy a property in Spain in 2022

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( — August 26, 2022) —


With the arrival of the holiday season, many investors and those wishing to move closer to the sea begin to think about how to buy property in Spain. Property for sale in Spain comprises a wide variety of houses, apartments, bungalows and other types of housing. Any family wishing to move to this sunny country will be able to find a perfect option for their budget and needs. The only thing left is to figure out how to buy property in Spain quickly and without any difficulties. This article will help you get the basic ideas that will speed up the buying process and minimize expenses!

How can I buy a property in Spain?

The main purpose of the article is to tell you how to buy property in Spain as a foreigner. This category of buyers has the most problems due to ignorance of local law and peculiarities of the real estate market. Follow our simple tips to make the experience of buying a new apartment or house in this country as positive as possible for you!

Check the prices in the regions you are interested in

Prices for new and resale property in Spain directly depend on the region where it is located. This country has a wide variety of places where you would want to live: from expensive and luxurious Marbella to inexpensive Costa Blanca and Costa Calida. In the latter case, inexpensive does not mean poor quality! In the province of Murcia (Costa Calida) and the province of Alicante (Costa Blanca) there are dozens of cities with thousands of both affordable and luxury houses and apartments. Apartments in these regions cost on average €70,000 – €100,000, but there are also luxury apartments that will cost you €200,000 – €500,000 and more.

Do not forget to open a bank account

To be able to buy property in Spain, you need to open a bank account. It will also be required to pay fees and taxes, utility bills and other mandatory services. Each bank may have different conditions for opening an account and different fees for maintaining a NIE, and therefore we recommend you to dedicate some of your time to researching and selecting a financial institution that would be suitable for you. If you do not have time for the research, try contacting a professional lawyer or leave a request for assistance of real estate agents.

Explore all the features of the property you like

We do not recommend buying property in Spain blindly. If you do not want to be disappointed with your purchase, be sure to start the procedure with a personal or virtual tour. During the visit, pay attention to the following:

  • If the developer company is reputable, has construction licenses for the selected land and pays taxes in time.
  • If the company dealing with the search and sale of property is legal and a power of attorney for the sale of your chosen property is available.
  • If there is a land cadaster, where all the details about the plot of land must be clearly described: its area, physical characteristics and features.
  • If there are any sanctions imposed by the city administration against the developer or a particular residential complex.

Trust a real estate agency

If you want to feel how easy it is to buy property in Spain, contact professional real estate agents! Many agencies in this country offer a wide range of services for foreigners without additional fees and commissions. They will help you every step of the way – from your flight and accommodation to tours around properties and paperwork, invoices and purchase permits.

Summing up

Now you know who can buy property in Spain and what is necessary to be able to do so. By following these simple tips, you can complete a purchase transaction and save some of your time or you can contact a real estate agency, reducing your efforts to a minimum. To rely on yourself or trust professionals – the choice is yours. Consider the possible risks and your chances to buy a new home in Spain as soon and as safely as possible and start enjoying sunny days on the Mediterranean coast.

Tell us in the comments about your experience. How do you buy a property in Spain? Have you faced any difficulties, dishonest sellers or other problems? We are looking forward to your feedback!