What buyers often ask us
The questions that come up in almost every initial conversation, answered clearly and without jargon. For anything else, we would be happy to sit down with you.
What is an NIE number, and do I need one?+
An NIE number (Número de Identidad de Extranjero) is a tax identification number for foreign nationals in Spain. You must have one to buy a home, open a bank account, take out insurance or buy a car. We help you apply through our legal partners.
What additional purchase costs should I expect in Spain?+
Additional purchase costs in Spain typically range from 10% to 14% of the purchase price. Most of this is property transfer tax for resale properties or VAT for new builds, plus notary, land registry and legal fees. We prepare a clear cost estimate in advance, tailored to your circumstances.
Do I need a Spanish bank account?+
Yes, you need a Spanish bank account to purchase a property and set up subsequent direct debits for utilities (water and electricity), local taxes and internet. We guide you through opening one.
Why do I need a lawyer when buying a property?+
In Spain, a notary has a different role from one in the Netherlands or Belgium: they do not routinely check whether a property is free of debts or unauthorised extensions. A lawyer carries out these essential checks. We work exclusively with independent Dutch- or English-speaking lawyers to safeguard the legal aspects of your purchase.
Can I get a mortgage in Spain?+
Yes, as a non-resident you can apply for a mortgage in Spain, usually up to a maximum of 60–70% of the valuation or purchase price, whichever is lower. Bear in mind that Spanish banks have strict income requirements. We can put you in touch with trusted mortgage advisers.
What is ‘Residencia’, and when do I need to apply?+
Residencia is a residence permit. If you plan to spend more than 183 days a year in Spain, you are considered a tax resident, are legally required to register and are also liable for tax in Spain. If you buy a holiday home, you remain a non-resident.
How do wealth and income taxes work in Spain?+
Even as a non-resident, you must pay tax in Spain on your property, based on a deemed return. If you become a resident, you pay tax on your worldwide income. Spain has treaties with the Netherlands and Belgium to prevent double taxation. We always recommend consulting a tax adviser.
How much will I pay in community fees (Comunidad)?+
If your property is part of a residential development with shared facilities, such as a pool, gardens or lifts, you pay regular community fees (‘gastos de comunidad’). These can range from €50 to €300+ per month, depending on the level of luxury. We always check these costs for you in advance.
Do you also provide guidance on new-build developments?+
Yes, absolutely. Guidance is just as important when buying a new-build property off-plan. We check bank guarantees and the developer’s reputation, and thoroughly inspect the property before the final handover (snagging).
How does the handover of keys work in Spain?+
Completion takes place at the notary’s office, with the buyer (or their lawyer acting under a power of attorney), the seller and the estate agents present. You receive the keys only once the ‘Escritura’ (the notarial deed) has been signed and the banker’s draft handed over.
Can’t find your question here?
Please feel free to get in touch. We would be happy to answer your specific questions in a personal conversation.