Buying Property in Spain: The Ultimate Guide for International Buyers in 2025

Meta Title:

Thinking of Buying Property in Spain in 2025? Start Here

Spain continues to be a top destination for international real estate investors, retirees, and second-home buyers. With its sunny climate, rich culture, and relatively affordable housing compared to other Western European countries, buying property in Spain has never been more appealing.

Whether you’re looking for a beachfront apartment, a countryside villa, or an investment property with rental potential, this comprehensive guide will walk you through everything you need to know as a non-resident buyer.

---

Step 1: Choose the Right Location in Spain

Your choice of location should match your goals—be it lifestyle, investment, or rental income. Here are some of the most popular areas for international buyers:

• Costa del Sol: Marbella, Estepona, Mijas – popular for luxury properties, golf, and expat communities
• Costa Blanca: Alicante, Torrevieja – more affordable and excellent for family homes
• Balearic Islands (Mallorca, Ibiza): High-end lifestyle, exclusivity, limited supply
• Barcelona & Madrid: Urban living with cultural appeal and strong rental markets

---

Step 2: Understand the Legal Process for Buying Property in Spain

The property buying process in Spain is secure but different from other countries. Here’s how it works:

1. Hire a lawyer: Preferably one who speaks your language and understands local property law.
2. Get an NIE number: A tax identification number required for all property transactions.
3. Open a Spanish bank account: Necessary for payments, taxes, and utilities.
4. Reserve the property: Pay a deposit (usually €3,000–€6,000) to take the property off the market.
5. Sign a private contract (Contrato de Arras): Typically accompanied by a 10% deposit.
6. Complete at the notary: You’ll sign the title deed (Escritura) and pay the balance.

---

Step 3: Be Prepared for Buying Costs

Expect to add an additional 10–14% on top of the purchase price to cover taxes and fees:

• Transfer Tax (ITP): 6–10% (on resale properties)
• VAT (IVA): 10% (on new builds) + 1.5% stamp duty
• Notary and land registry fees: Approx. 1–2%
• Legal fees: 1–2%

---

Step 4: Financing and Mortgages for Foreign Buyers

If you’re not paying in cash, Spanish banks offer mortgages to non-residents:

• Loan-to-value: typically 60–70%
• Term: up to 25–30 years
• Documents: proof of income, assets, credit history, passport, NIE

Pro tip: Secure financing before you start viewing properties to streamline the process.

---

Step 5: Consider Taxes After Purchase

After purchasing, you’ll have to pay annual taxes and fees:

• IBI (Impuesto sobre Bienes Inmuebles): Property tax paid to the local town hall
• Basura (Waste collection tax): Usually €100–€300/year
• Non-resident income tax: Even if you don’t rent it out
• Rental income tax: If you rent your property

---

How Plexo Properties Helps International Buyers

At Plexo Properties, we simplify the buying process for international clients:

• Multilingual support (English, Dutch, German, French)
• Pre-vetted legal and tax professionals
• Tailored property searches based on your goals
• Assistance with NIE, banking, and relocation

Contact us now to begin your property journey in Spain with confidence.

---

FAQs About Buying Property in Spain

Q1: Can foreigners buy property in Spain?
A1: Yes! There are no restrictions on property ownership for foreign buyers.

Q2: How long does the process take?
A2: On average, 6–12 weeks from reservation to completion.

Q3: Do I need to be in Spain to complete the purchase?
A3: No. You can grant your lawyer Power of Attorney to complete the process on your behalf.