Buying Property in Spain

Buying a house in Spain is one of the most exciting decisions you will ever make. It gives you the sense of having finally arrived somewhere you chose for yourself rather than somewhere life put you.

However, excitement alone does not get you to completion day safely. Buying a house in Spain also means budgeting for the purchase price plus 10 to 13% in taxes and fees, working with an independent lawyer rather than relying on the seller’s agent, and accepting that non-residents are usually limited to 60 to 70% mortgage financing, compared with the 80% available to residents. While there is a national framework for buying property, some processes, taxes, and costs vary between regions, so always check local requirements for your target area as you read.