First-Time Buyer
First-Time Buyer's Guide to Spanish Property
Everything you need to know about buying property in Spain. From NIE numbers to notary signing.
Why Spain
A Strong Investment Case
Even after taxes and fees, Spanish coastal property costs 20-25% less than equivalent markets in Northern Europe, while rental yields of 5-8% outperform most European destinations. A transparent legal system, no foreign ownership restrictions, and established infrastructure make Spain the EU's most accessible property market for international buyers. Read our complete guide to why Spain for the full picture.
300+ Sunny Days
More sunshine than anywhere in Northern Europe. Year-round outdoor living.
5-8% Rental Yields
Outperforms most European destinations. Strong demand from tourists and expats.
World-Class Healthcare
Spain ranks 7th globally. Excellent public and private options at lower costs.
6% Annual Growth
Costa Blanca property values rising steadily since 2015.
Lifestyle
A Slower, Richer Life
Life in Spain moves at a different pace. Long lunches, evening paseos, and spontaneous gatherings with friends become the norm. The calendar feels lighter—less rushing, more living.
This isn't just a holiday feeling that fades. Residents consistently report lower stress, better sleep, and more time for what matters. The Mediterranean lifestyle isn't a marketing phrase—it's a daily reality.
Choosing the Right Broker
A great property broker makes the entire process smooth and enjoyable. They know off-market deals, spot overpriced listings, and often save buyers €10,000+ through skilled negotiation. They'll also connect you with trusted professionals—solicitors, currency specialists, and mortgage advisors.
The right broker understands both the local market and your needs as a foreign buyer—turning what could be complex into something surprisingly straightforward.
Property Broker
Your most critical choice. They find properties, negotiate prices, and coordinate the entire buying process. A trusted broker is your guide through every step.
Solicitor (Abogado)
Your broker will recommend a trusted solicitor. They verify ownership, check for debts, and handle all legal paperwork. Essential for protecting your investment.
Currency Exchange
Transferring large sums through your bank can cost thousands in hidden fees. A currency specialist secures better rates and can save 1-2% on your transfer.
The Process
How It Works
Get Your NIE Number
Your Spanish tax ID is required for all property purchases. Apply online or at a Spanish consulate. Takes 1-4 weeks. Read our legal requirements guide for step-by-step instructions.
Find & Reserve Your Property
Work with a trusted broker to view properties. When you find the one, pay a reservation deposit (€3,000-€6,000) to take it off the market. Explore properties on our website to start your search.
Legal Checks & Contract
Your solicitor verifies ownership, checks for debts, confirms permits, and prepares the private purchase contract. You'll pay 10% deposit at this stage. See our full buying process guide for details.
Notary Signing & Keys
Attend the notary signing and receive your keys the same day. The notary verifies everything is legal. Most transactions complete in 8-12 weeks total.
Budget
What You'll Pay
Budget 10-14% on top of the property price for transaction costs. For a €300,000 property, expect €30,000-€42,000 in additional costs. Resale properties have 8-10% transfer tax, while new builds have 10% VAT plus 1.5% stamp duty.
Additional costs include notary fees (€600-1,200), land registry (€400-900), and solicitor fees (~1% + VAT). Use our cost calculator to get exact figures for your situation.
Next Step
Ready to See Properties in Person?
Join our 4-day luxury viewing experience. We arrange everything—8-15 hand-picked properties, premium hire car, luxury accommodation, and airport transfers included.
Book a Viewing TripProperty Types
Find Your Style
Spain offers everything from modern beachfront apartments to traditional fincas in the hills. New builds come with warranties and energy efficiency; resale properties let you move in immediately and often have more character.
The right choice depends on your lifestyle, budget, and whether you're buying for personal use or rental income. Our complete guide to choosing your property covers all the options in detail.
FAQ
Common Questions
Living Costs
Your Monthly Budget
Utilities in Spain are significantly cheaper than Northern Europe. Expect €100-150/month for electricity, water, and gas combined. Internet and mobile packages start at €30/month. Council tax (IBI) varies by municipality but averages €400-800 annually.
Groceries cost 20-30% less than the UK or Scandinavia. Local markets offer fresh produce at excellent prices. Eating out is affordable too—a three-course menu del día costs €10-15. Healthcare is world-class and accessible through public or private insurance.