Get assistance Investing in Purchasing a Property in Spain with the help of our expert Lawyers
“There are many factors when considering buying a property in Spain”.
First, you need to have the ideal property selected. At Lexidy we can provide you with some recommendations of portals to look for your desired home in case you still have not decided yet.
Once you have the property selected, the general procedures is as follows:
The general timeline of the property purchase process in Spain is as following. Please note this is estimated time average and it can vary depending on each case:
In conclusion, buying a property in Spain can be a complicated process to do alone, specially if you are from outside the country and don’t understand Spanish.
If you’re ready to buy a Property in spain or have any questions about the process, please don’t hesitate to contact us. Our team of lawyers is ready to assist you and provide the legal support you need to succeed.
When purchasing a property in Spain, be prepared for additional costs beyond the purchase price. These expenses, including taxes and professional fees, typically add up to 10-15% of the property’s price. It’s essential to incorporate these costs into your budget. Note that tax rates can vary by region; our examples refer to properties in Barcelona, Catalonia.
New Properties
Total: 11 to 11.5% additional cost.
Resale Properties
Notary Fees
Land Registry Fees
Legal Fees
Estate Agent Fees
Our law firm has helped numerous clients successfully to purchase a property and start their new lives in Spain.
There are no restrictions on buying residential or commercial property in Italy.
In fact, Spain encourages overseas investment in both residential and non-residential real estate. For example, investors can apply for a Golden Visa if they spend €500,000 or more on any real estate.
All property owners in Spain must pay three different taxes annually.
Residents are subject to Income Tax, Real Estate Tax (IBI) and Capital Gains Tax.
Non-residents are subject to Income Tax, Real Estate Tax (IBI), Capital Gains Tax and a Non-resident Property Tax.
Yes. If you invest €500,000 or more in Spanish real estate, you can apply for residency with a Golden Visa. Our lawyers can assist you with this type of residency and you can read more about this here.
All new home purcahses are subject to 10% VAT on the value of the property as well as 1.5% for a Legal Documentation Tax.
When buying an existing property, you must pay a Transfer Tax, or ITP. This is levied on a sliding scale depending on the purchase price.