A plan for every need

An NIE is an identification number for non-Spanish people. This number is a mandatory requirement for any purchase in Spain particularly the acquisition of property in Spain. The Notary will not sign the deed of purchase if you do not have your NIE. You will be required to have your NIE to sign any contract (telephone, water, electricity ...) in Spain.

Yes, it is essential in order to ensure the paperwork before signing the private contract and the title deeds to ensure that the property is free of any charge ... hence the importance of taking a legal representative who is also responsible for the registration of ownership at the Land Registry.

He can be a property manager, an administrator of properties... However, when you buy outside of the urban area, it is advisable to take a lawyer. Above all, it is important that this representative is based in the place you buy the property and that you can understand him/her perfectly.

It is advisable to make a financial comparison between your bank (in your country) with what your bank in Spain can offer.

The Notary authenticates the title purchase/sale. He verifies the authenticity of the certificates provided by your legal representative (certificates obtained to ensure that you buy a property free of any charge ...) and prepares the signature of the deeds.

In Spanish only. Your legal representative will translate and assist you when signing the title.

Yes, buyers and sellers must be present. If they can't, they have to sign a Power of Attorney to someone else to sign on their behalf.

It can be made by transfer or Spanish bank draft (only if you have Spanish account). Usually, the buyers send the funds to their representative who makes the payment.

Fees vary between 9 and 10% of the purchase price.

You have two types of taxes to be paid per year. The local taxes (IBI, refuse collection ...) and the 'tax return' which is the declaration of your assets as a non-resident in Spain. The local taxes are paid automatically, by direct debit. The 'tax return' must be calculated by an accountant/professional. Your legal representative will be able to help you to complete this tax.

Sellers must pay capital gain tax and a municipal tax which is called 'plusvalia'. That corresponds to the increase in the value of the land where the property is located.