Resources

Help and advice on the practicalities of purchasing a property in Spain

What do I need to buy a property in Spain?

There are a few things that you need to organise before you complete the purchase of a property in Spain.

NIE Number (Número de Identidad de Extranjero): A tax identification number for foreigners required for all transactions.
Spanish Bank Account: Crucial for paying taxes, utility bills, and transferring funds.
Documentation: Valid passport, NIE, and, if applicable, proof of income and funds for mortgage approval.
Legal Representation: An independent lawyer to handle due diligence, verify ownership, and check for outstanding debts.
Funds: Budget for the purchase price plus 10-15% for taxes (ITP or VAT), notary fees, registration fees, and legal fees.
Reservation Contract (Arras): A deposit, often around 10% of the property price but this can be discussed with the vendor, to take the property off the market.
Property Documents: Ensure the seller provides the Escritura (title deed), recent IBI (property tax) receipts, and an Energy Efficiency Certificate. As conscientious estate Agents, we would ensure that all of these documents are in order before the property goes to market.

We can help you obtain all of these elements so do ask us if you are unsure.

CURRENCY EXCHANGE

Advertisement for a currency transfer specialist with a bright orange background, featuring two smiling women and the text 'A Place in the Sun Currency: Making your money go further. Your currency transfer specialist.'

We have a partnership with the well known programme A Place in the Sun Currency.

As specialists in international property transactions, A Place in the Sun Currency will provide a dedicated, experienced account manager to ensure your money is transferred to the right place, at the right time and at a competitive rate.

REGISTER WITH A PLACE IN THE SUN CURRENCY

There is no cost to register and you are not obliged to use A Place in the Sun Currency services. You are simply setting up the facility to order your currency payment with us if you choose to, now or in the future.

Information poster explaining currency savings when using A Place in the Sun Currency compared to high-street banks, showing property price of €150,000, exchange rates, and cost in GBP for different banks, highlighting potential savings.

MORTGAGE

If you need a mortgage or would like to find out how much you are eligible for, we recommend Mortgage Direct.They have been specialists in Spains property market since 2006 and have helped many of our clients.