How to Buy a Property in Spain – Step by Step Guide

Introduction: Make Your Dream Home in Spain a Reality

How to buy a property in Spain. Buying a property in Spain can feel overwhelming, especially if you are not familiar with the Spanish property market, legal requirements, and the buying process. At Red Rose Vastgoed Spanje, we guide you through every step – from your first property viewing to handing you the keys to your dream home.

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How to Buy a Property in Spain in 3 Simple Steps

Buying property in Spain can seem complex, but breaking it down into three main steps makes the process straightforward. At Red Rose Vastgoed Spanje, we guide you through every stage—from securing the property to handing over the keys to your dream home.

Step 1: The Reservation Contract

The first step in buying a property in Spain is signing the reservation contract. By paying a small deposit (usually 1–3% of the property price), the property is taken off the market, giving the buyer peace of mind while completing due diligence.

During this period, the buyer can:

Verify the property’s legal status, debts, and ownership.
Check community fees and ensure all permits are in order.
Arrange financing or a Spanish mortgage, if needed.

This contract is designed to protect both parties and ensures that serious buyers have exclusive access to the property while all legal checks are conducted.

Step 2: The 10% Purchase Contract

Once due diligence is complete and the buyer is satisfied, the next step is the 10% deposit contract, which makes the sale legally binding.

At this stage:

The buyer and seller’s lawyers negotiate the exact conditions of the sale.
Any clauses related to mortgage approval, fixtures, or special arrangements are finalized.
The 10% deposit demonstrates the buyer’s commitment and secures the property for completion.

This step ensures that all parties agree on the terms and that there are no surprises before signing at the notary.

Step 3: Final Payment and Signing at the Notary

The final step in buying property in Spain is the Escritura de Compraventa at the notary. Here:

De remaining balance of the purchase price is paid.
De title deeds are transferred to the buyer.
Red Rose Property Spain ensures all documentation is correct and hands you the keys to your new home.

At this stage, the buyer officially becomes the legal owner, and the property purchase is fully complete.

Step 1: Decide What Kind of Property You Want

When buying property in Spain, the first step is to decide whether you are looking for a villa, apartment, townhouse, or new-build property. Think about your preferred location – Costa Blanca, Costa del Sol, Alicante, Valencia – and whether you want a holiday home, rental investment, or permanent residence.

Step 2: Get to Know the Spanish Property Market

Researching the Spanish real estate market helps you understand property prices, neighborhoods, and popular regions for international buyers. Red Rose Property Spain provides you with up-to-date listings, expert advice, and local insights so you can make an informed decision.

Step 3: Arrange Your Budget and Financing

Before making an offer, be clear about your budget. Consider additional costs such as:

Property transfer tax (ITP)
Notary fees
Land registry fees
Legal fees

If you require a mortgage in Spain, we can connect you with trusted Spanish banks and mortgage advisors.

Step 4: Work with a Trusted Real Estate Agent

Having a professional Spanish real estate agent is key. Red Rose Property Spain helps you:

Find the right property
Negotiate the best price
Navigate Spanish property law
Handle paperwork in your language

Step 5: Hire an Independent Lawyer

Hiring a bilingual Spanish property lawyer ensures all legal checks are completed:

Confirm property ownership
Check for debts or legal issues
Review contracts before you sign

Step 6: Make an Offer and Sign the Reservation Contract

Once you have found your dream property in Spain, we will help you make a formal offer and sign a reservation agreement. This usually involves paying a small deposit to secure the property.

Step 7: Complete the Purchase at the Notary

The final step is signing the Escritura de Compraventa (title deed) at the notary’s office. This is when you officially become the legal owner. Red Rose Property Spain will be with you, translating and guiding you throughout the process.

Step 8: Collect the Keys to Your New Home

Congratulations – you now own a property in Spain! We hand you the keys, help you set up utilities, and make sure you are settled in.

Why Choose Red Rose Property Spain

With years of experience in the Spanish property market, Red Rose Vastgoed Spanje is your trusted partner. We offer:

Personalized property searches
Expert legal and financial advice
Step-by-step support in English, Dutch, Spanish, German, French and Russian.
Access to exclusive properties in Spain

We don’t just find you a house – we find you a home.

FAQ: Buying Property in Spain

Can foreigners buy property in Spain?

Yes, foreign buyers can legally purchase property in Spain without restrictions.

What documents do I need to buy a house in Spain?

You will need a NIE number (Número de Identificación de Extranjero), passport, and proof of funds or mortgage approval.

How much tax do I pay when buying property in Spain?

Taxes vary by region, but you can expect to pay between 8–10% of the purchase price in taxes and fees.

Do I need a Spanish bank account to buy property?

Yes, opening a Spanish bank account is recommended for paying taxes, utilities, and mortgage payments

How long does it take to buy a property in Spain?

The process typically takes 6–12 weeks from reservation to final signing at the notary.

Is it better to buy a new build or resale property in Spain?

Both have advantages. New builds come with modern finishes and guarantees, while resales can offer better locations and lower prices. Red Rose Property Spain can help you explore both options.

What are the additional costs when buying in Spain?

Besides the purchase price, you need to budget for:

Transfer tax or VAT (for new builds)
Notary fees
Land registry fees
Legal fees

Can I get a mortgage in Spain as a foreigner?

Yes, most Spanish banks offer mortgages to non-residents, typically up to 60–70% of the property value.

Should I use a lawyer when buying property?

Yes, we always recommend hiring an independent lawyer to protect your interests and check all legal aspects.

What is the Golden Visa and can I get one by buying property?

If you invest more than €500,000 in Spanish real estate, you may qualify for the Spanish Golden Visa, allowing you to live and work in Spain.

Can I rent out my property in Spain?

Yes, but you may need a tourist rental license depending on the region. We can advise you on this process.