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FREQUENTLY LEGAL ASKED QUESTIONS
We have compiled the most commonly legal asked questions to make it easier for you. However, if you don’t find the answer you’re looking for, we’ll be happy to personally address your doubts.
CAN I BUY PROPERTY IN SPAIN AS A FOREIGNER?
Yes, foreigners have the right to buy properties in Spain, both residential and commercial, without specific restrictions.
DO I NEED ANY TYPE OF PERMIT OR VISA TO BUY PROPERTY IN SPAIN IF I'M A FOREIGNER?
You don’t need to obtain a specific permit or visa to buy property in Spain. However, if you plan to reside in Spain for an extended period, you may need to obtain a residence visa.
WHAT ARE THE LEGAL REQUIREMENTS AND DOCUMENTS NEEDED TO BUY PROPERTY IN SPAIN?
Requirements may vary depending on the individual situation, but generally, you will need a Foreigner Identification Number (NIE), a Spanish bank account, and documents related to the purchase, such as the purchase agreement and the property title.
IS IT RECOMMENDED TO HIRE A LAWYER SPECIALIZING IN REAL ESTATE LAW TO BUY PROPERTY IN SPAIN?
Yes, it is highly recommended to hire a lawyer specializing in real estate law to advise you during the purchase process. A lawyer can review contracts, verify the legality of the property, and protect your interests overall.
WHAT TAXES AND ADDITIONAL EXPENSES SHOULD I TAKE INTO ACCOUNT WHEN BUYING PROPERTY IN SPAIN?
In addition to the purchase price, you should consider taxes such as Transfer Tax (ITP) or Value Added Tax (IVA), as well as notary, registration, and administrative expenses.
CAN I GET MORTGAGE FINANCING AS A FOREIGNER TO BUY PROPERTY IN SPAIN?
Yes, it is possible to obtain mortgage financing in Spain as a foreigner. However, the requirements and conditions may vary, and it is advisable to consult with financial institutions and advisors to obtain specific information about financing options.
WHAT SHOULD I CONSIDER REGARDING URBAN PLANNING AND CONSTRUCTION REGULATIONS IN SPAIN?
It is important to be aware of urban planning and construction regulations in Spain, especially if you are considering purchasing property in a development or new construction. A specialized lawyer can help you assess the legality of the project and ensure compliance with legal requirements.
HOW CAN I PROTECT MY RIGHTS AS A FOREIGN BUYER?
To protect your rights, it is crucial to have a solid and well-drafted purchase contract, conduct thorough research on the property, ensure that all payments are made through secure channels, and work with reliable legal professionals and real estate agents.