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Expenses when buying a property

• Property Transfer Tax (ITP) of buying a resale property, or Value Added Tax (VAT) and Stamp Duty (IAJD) if buying a new build: These taxes are calculated on the purchase price of the property.
• Notary and Land Registry fees: you must pay the notary fees for drawing up the deed of sale and the property registration fees.
• Bank Valuation: If you finance the purchase with a mortgage, the bank will require a valuation of the property, the cost of which you will be responsible for. 

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What do I need to buy a property as a non resident in Spain?

• Foreigner Identification Number (NIE): Obtaining a NIE is mandatory and necessary for all legal and tax procedures in Spain.
• Spanish Bank account: While not mandatory, having a bank account in Spain simplifies both the buying and selling process and subsequent payments related to the property.
• Financing: You can obtain a mortgage in Spain. Banks generally offer up to 60-70% of the popery value to foreign buyers.
• Taxes: Notary and registration fees. As a non resident buyer, you will be subject to the same purchase taxes as a resident, these being Property Transfer Tax (ITP) for resale properties, or VAT for new build properties.
• Additional expenses: It is recommended to contact a local lawyer to assist with tax and legal matters.

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Why work with an estate agent or property advisor?

Working with an estate agent or property advisor offers several important advantages:

• Market knowledge: They have in-depth knowledge of the local market, which will help you make informed decisions about prices, areas, and trends.
• Network of contacts: They usually have an extensive network of contacts, which can facilitate access to properties not listed on the public market.
• Expert negotiation: They are experts at negotiating prices and terms.
• Time saving and hassle free: They handle all the paperwork, procedures, and administrative tasks.
• Legal and administrative advice: They are familiar with all the legal and administrative requirements involved in buying and selling, ensuring that the entire process is legal and without surprises.

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According to the Balearic Islands Housing Law, a certificate of occupancy is not a legal requirement for selling a second hand property, only for new builds. However, if you do not have this document, it is essential that this be explicity stated in the contract or deed of sale. In other autonomus communities, however, presenting a certificate of occupancy is mandatory to complete the sale of the property.

This document is mandatory for selling or renting a property. It indicates how much energy a house consumes and its energy efficiency rating, similar to the energy label for household appliances (from A to G). This certificate is issued by a qualified technician and is valid for 5 or 10 years depending on the rating.

Without this certificate, the sale cannot be finalised.

According to the Balearic Islands Housing Law, a certificate of occupancy is not a legal requirement for selling a second hand property, only for new builds. However, if you do not have this document, it is essential that this be explicity stated in the contract or deed of sale. In other autonomus communities, however, presenting a certificate of occupancy is mandatory to complete the sale of the property.

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What is the Energy Efficiency Certificate "CEE"?

What is the Energy Efficiency Certificate "CEE"?

Is an occupancy certificate necessary?

Is an occupancy certificate necessary?

Is an occupancy certificate necessary?

What is the Energy Efficiency Certificate "CEE"?

This document is mandatory for selling or renting a property. It indicates how much energy a house consumes and its energy efficiency rating, similar to the energy label for household appliances (from A to G). This certificate is issued by a qualified technician and is valid for 5 or 10 years depending on the rating.

Whithout this certificate, the sale cannot be finalised.

This document is mandatory for selling or renting a property. It indicates how much energy a house consumes and its energy efficiency rating, similar to the energy label for household appliances (from A to G). This certificate is issued by a qualified technician and is valid for 5 or 10 years depending on the rating.

Whithout this certificate, the sale cannot be finalised.

This document is mandatory for selling or renting a property. It indicates how much energy a house consumes and its energy efficiendy rating, similar to the energy label for household appliances (from A to G). This certificate is issued by a qualified technician and is valid for 5 or 10 years depending on the rating.

Without this certificate, the sale cannot be finalised.

According to the Balearic Islands Housing Law, a certificate of occupancy is not a legal requirement for selling a second hand property, only for new builds. However, if you do not have this document, it is essential that this be explicity stated in the contract or deed of sale. In other autonomous communities, however, presenting a certificate of occupancy is mandatory to complete the sale of the property.

This document is mandatory for selling or renting a property. It indicates how much energy a house consumes and its energy efficiency rating, similar to the energy label for household appliances (from A to G). This certificate is issued by a qualified technician and is valid for 5 or 10 years depending on the rating.

Without this certificate, the sale cannot be finalised.