FAQ on buying a house in Spain
Can a foreigner buy a house in Spain?
Yes, anyone can buy a property in Spain. In order to buy a house in Spain, you need a few things: NIE (a tax number), ... Read our article: The 10 steps to your Spanish property, to learn more.
Is buying property in Spain a good idea?
Spain is the number one tourist destination in Europe. About 100,000 foreigners bought a property in Spain in 2019: Sun, quality of life, low cost of life arte the main reasons why people buy in Spain. Check our article: 10 reasons for buying a property in Spain, to learn more.
How much deposit do I need to buy a property in Spain?
For your second residence and as a non-fiscal resident, a bank will finance no more than 70 % of the value of your property. This means that you would need to invest at least 45% of the property value with your own pocket.
Do I need a Spanish bank account to buy a property in Spain?
Yes, in order to buy a property in Spain, you need a bank account. You need as well a NIE (tax number).
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