Frequently Asked Questions
What are the costs involved in buying a house in Spain?
When buying property in Spain, you’ll need to budget for taxes, notary fees, land registry fees, and sometimes real estate agent commissions. These typically add 8–12% of the property price for resale homes and slightly more for new builds.
Can foreigners buy property in Spain?
Absolutely! There are no restrictions for foreign buyers. Both EU and non-EU citizens can buy property, though non-EU citizens may need additional documentation for residency or financing purposes.
Do I need a Spanish bank account or NIE number to buy property?
Yes. All property buyers in Spain, including foreigners, need an NIE (Foreigner Identification Number). A Spanish bank account is also necessary to handle payments, mortgage transfers, and ongoing property expenses.
Are there ongoing costs after purchasing a property?
Yes. After purchase, you’ll need to pay:
Insurance for the property
Annual property taxes (IBI)
Community fees if the property is in a shared complex
Utilities such as water, electricity, and internet
What is the process of buying a property in Spain?
Absolutely! The process typically involves:
Completing the sale at a notary and registering the property in your name.
Legal advice is highly recommended throughout the process.
Making an offer and signing a reservation contract.
Signing a preliminary contract (Contrato de Arras) and paying a deposit.
Do you have any lingering inquiries?
Experiencing difficulty locating the desired information? Reach out for a discussion.
At Welcome to Luxvida Homes – Costa del Sol
At Luxvida Homes, we bring over 10 years of experience in helping buyers and sellers navigate the Costa del Sol property market with confidence and ease.
Our mission is simple: to match the right buyers with the right sellers and guide our clients every step of the way. For our vendors, we ensure they achieve the best possible price for their property while helping them secure their next purchase smoothly and efficiently.
From navigating the legal process to assisting with mortgages and financing, our team is here to make the entire experience as seamless as possible. We pride ourselves not only on our expertise but also on building long-term relationships based on trust, transparency, and exceptional service.
Whether you are buying your dream home or selling a cherished property, Luxvida Homes is here to make your journey in Costa del Sol effortless and rewarding.
Welcome to a partnership that lasts well beyond the sale.
