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Procedures to be carried out during the purchase and sale of housing in Spain if I am a foreigner

Thanks to the economic recovery that Spain is experiencing, buyers from other countries like the United Kingdom, Belgium, Holland or Norway have set their sights on the Spanish real estate market, especially in the Mediterranean Coast.

Buying a property in Spain being a foreigner has its peculiarities, since although in almost all the countries the steps to follow are usually similar, the exact protocols and documentation change from place to place. In this post we summarize some procedures that you should keep in mind.

Expedition of the NIE.

The NIE is the so-called foreign identity number, a code that facilitates the identification of non-nationals in Spain. It is an essential requirement to carry out any economic transaction. You must request it in the General Directorate of the Police, it is also possible to carry out this bureaucratic process outside Spain through the Consulate.

Bank account in a Spanish bank.

Although it is not legally obligatory, it is advisable to have a bank account in Spain. The main reason is that a Spanish bank account greatly facilitates the payment of taxes and payments associated with the acquisition of housing: VAT in new homes or ITP in second hand homes, notary fees, registration fees etc.

Knowledge of the details of the sale.

Probably the most difficult thing for a foreigner who wants to buy a home in Spain is to know precisely all the procedures associated with the purchase and sale: the legal framework, rights and duties as owner, real estate appraisal, financing requirements, mortgages etc. .

If we add to the language barrier, any simple procedure can become long, tedious and difficult.

Therefore it is advisable to use professional experts in the sale of housing for foreigners, capable of carrying out all the procedures required by this process, including in their efforts, translation service in the required language. Thus, the customer can be free from all types of management, enjoying a transparent, easy and convenient purchase process.

Europahus offers you a wide variety of property for sale in Cartagena.

If you are looking for homes for sale in Cartagena or other areas of Murcia, El Mar Menor or Costa Cálida, take a look at the EUROPAHUS housing catalogue. . We have been helping people like you find the house of your dreams in Spain for 15 years.

Take a look at our catalogue in all areas of the Costa Cálida and Costa Blanca, from Mazarrón to Denia. Contact us, tell us what you are looking for, and in less than you can imagine you will be enjoying your house in Spain.

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