How to Buy a Property in Spain: Steps to Follow

Buying a property in Spain is a dream for many Northern Europeans. The climate, natural beauty, idyllic beaches, culture, cuisine, sports and leisure activities, easy accessibility, and the hospitality of its inhabitants… are just some of the factors that make the Spanish Mediterranean coast a highly desired place to invest in property and to vacation or retire.

 But how can you buy a house on the Costa Blanca or Costa Cálida without any worries? We explain the steps to follow in the process of purchasing your home in Spain:

1. Apply for the NIE: The Foreigner Identity Number is essential for legal identification in Spain and to carry out any transaction.
2. Open a bank account in Spain: Necessary to manage payments and taxes associated with the purchase.
3. Research: Get to know the area and the type of property you want.
4. Viewings: Schedule visits to selected properties.
5. Legality: Ensure you have all the necessary property documentation, such as the Nota Simple from the Land Registry, the Energy Efficiency Certificate, etc.
6. Financing: If you need a mortgage, evaluate your loan options with different banks.
7. Offer: Based on the property’s value, make a counteroffer and negotiate the terms of purchase.
8. Reserve the property with a deposit and the signing of the Arras Contract, a preliminary agreement that establishes the terms of the sale.
9. Closing: Sign the Property Deed in front of a notary (the official document that certifies the transfer of the property), make the final payment, and register the house in the Property Registry.
10. Pay taxes, such as the ITP and others within the corresponding period.

Each of these steps is general and may vary slightly depending on the specific situation of each property and each buyer. It is important to get good advice and understand all the legal requirements and obligations before proceeding with the purchase. For this, it is advisable to have a lawyer or an expert real estate advisor to guide you throughout the process. At MEDIMAR EIENDOM, we accompany you at every step, ensuring a hassle-free purchasing experience.

If you are interested in buying a property in Spain, our selection of properties on the Costa Blanca and Costa Cálida will delight you

Buying a property in Spain is easier with our wide range of options. At MEDIMAR EIENDOM, we have new-build, luxury, and resale properties located in the most in-demand real estate areas: Torrevieja, Orihuela Costa, Pilar de la Horadada, Benidorm, Calpe, Guardamar del Segura, Ciudad Quesada, Finestrat, San Pedro del Pinatar, etc. We offer: 

• Villas with sea views.
• Modern apartments near golf courses.
• Luxury penthouses with all amenities.
• Detached houses, bungalows, townhouses…

Buying a property in Spain with us means having a team of expert professionals. Our services include: 

• Personalized advice.
• Multilingual customer service.
• Experience in the international market.

Ready to buy a property in Spain? Contact MEDIMAR EIENDOM and discover how we can make your dream of owning a house on the Spanish Mediterranean coast a reality.

• Call us at +34 610 460 332
• Write to us at olga.lovold@medimareiendom.com
• Visit us in person at our office on Narciso Yepes Street, 12 – El Chaparral – 03184 Torrevieja (Alicante), Spain.