Requirements to Buy Property in Spain: A Clear Guide for Non-Residents

Are you a foreigner thinking about buying a property in Spain? Before taking the leap, it’s essential to understand the legal, tax and administrative requirements for non-residents. At Alicante Spain Properties, we help you understand every key point so you can make informed decisions with the confidence of being well advised.

Spain is one of the most popular destinations for living, remote working or retiring by the sea. However, buying a property here as a foreigner involves completing certain procedures. In this guide, we explain what you need to buy safely — whether it’s a villa in Ciudad Quesada, an apartment in Orihuela Costa, or a resale property in Torrevieja or Los Alcázares.

1. Who can buy a property in Spain?

Spanish law imposes no restrictions on foreign buyers. Both EU citizens and those from non-EU countries can purchase property in Spain with full rights.

The only initial requirement is to obtain an NIE (Foreigner Identification Number), which is essential for any financial transaction in the country.

2. What is the NIE and how do you apply for it?

The NIE is a personal, unique and exclusive number issued by the National Police, and you must have it before signing the deed. It is mandatory for:

• Opening a Spanish bank account
• Signing the purchase contract
• Paying taxes
• Setting up utilities (water, electricity, etc.)

You can apply from your country of origin (via the Spanish consulate) or directly in Spain. If needed, Alicante Spain Properties can connect you with professionals who can handle this process on your behalf.

3. Is it mandatory to open a bank account in Spain?

Yes. Although not a legal requirement, having a Spanish bank account makes the entire process much easier:

• Allows transfers and payments to the notary, land registry or agency
• Manages utility bills and community fees
• Serves as proof of funds during the purchase process

Some Spanish banks offer special services for non-residents, with support in English, Dutch, French or German.

4. Documents required to buy a property in Spain

If you’re buying as a non-resident individual, these are the basic documents you’ll need:

• NIE (Foreigner Identification Number)
• Valid passport or ID document
• Bank certificate showing funds (in some cases)
• Reservation or deposit contract (to secure the property)

It’s also advisable to have a lawyer who specialises in real estate law to review the legal documentation and represent you at the notary if you cannot attend in person.

5. Taxes and costs associated with the purchase

When buying a property in Spain, you’ll need to cover several costs in addition to the purchase price. The most common include:

• VAT (10%) for new-build properties
• Transfer tax (ITP, 6–10%) for resale properties (depending on the region)
• Notary and registration fees: between 1% and 2% of the purchase price
• Legal fees (if you hire a lawyer or gestor)
• Sworn translations or powers of attorney (for remote purchases)

In total, you should estimate an additional 12% to 15% on top of the purchase price.

6. Can I get financing if I’m a foreigner?

Yes. Several Spanish banks offer mortgages to non-residents. The usual conditions include:

• Financing of up to 60–70% of the property value
• Maximum term of 20–25 years
• Proof of stable income
• Positive credit history in your home country

7. Do I need to be physically present to buy?

No. Many foreign buyers complete the process remotely using a power of attorney. This is a common practice, especially if you’re unable to travel to Spain at the time of signing.

A legal representative can carry out all procedures on your behalf: signing the deeds, paying taxes, registering the property, etc.

Buy with confidence at Alicante Spain Properties

At Alicante Spain Properties, we collaborate with trusted local agencies in key areas such as Ciudad Quesada, Orihuela Costa, Torrevieja, Pilar de la Horadada, Guardamar and Los Alcázares.

Rely on a portal that specialises in international buyers, offering clear information, professional advice and tools designed to make buying your home in Spain easy and secure.

• Phone: (+34) 601 223 257
• Email: info@alicantespainproperties.com
• Address: Calle Vicente Blasco Ibáñez, 58, 03201 Elche (Alicante)