Are you a foreigner? Tips to buy a house in Spain if you are a foreigner
Spain has a large number of homes for sale and rent both on the coast and in large cities that represent a very desirable real estate market for foreigners looking for a quality second home, with thousands of hours of sunshine and affordable prices. quite competitive. Thus, from Grupo Mar de Casas we give you a series of tips to buy a house in Spain if you are a foreigner and that your operation is satisfactory to be able to live your great dream in Spain.
What do you need to buy a house in Spain if you come from abroad? Requirements to buy a house if I am a foreigner
Wherever you are from (remember that there are large colonies of foreigners in our country from Russia, France, Norway or Germany in coastal areas and in large luxury developments in our country), if you want to buy a house in Spain you must have the NIE o Foreigners Identification Number issued by the General Police Directorate, which allows you, in addition to moving around our country, to sign the mortgage and the deed of your future home. In this sense, the NIE is the equivalent of the DNI that all Spaniards need once they reach the age of 18, the legal age established in Spain.
In addition, if you are a non-resident foreigner in our country and you want to buy a house in Spain, the equivalent of personal income tax will be applied in the tax figure of IRNR or Non-Resident Income Tax , with which you will face the taxes of the Spanish Government for the realization of certain economic transactions, which will require you to have, although not strictly necessary, a bank account in the country of the sale to pay the taxes mentioned above.
There is a special case, what we call Golden Visa or residence visa for real estate investment , which allows non-European citizens to obtain Spanish residence for one year (renewable later) and annexed to this to obtain work authorization in Spain and the entire Schengen area after making an investment in real estate of at least € 500,000, shares of Spanish companies or bank accounts of one million euros or public debt shares of at least two million euros, as well as entrepreneurs whose project is of general interest to Spain.
Process to buy a house in Spain if I am a foreigner
The first thing you have to do to buy a house if you are a foreigner is to hire the services of your trusted real estate agent in Spain (at Grupo Mar de Casas we have experts in responding to any foreigner who wants to buy a house in Spain, go ahead! ) that will help you with the entire purchase process and with the required documentation, as well as choosing your ideal home based on your needs, showing you the main sources of foreign residence in Spain. The figure of the real estate agent joins, in these cases, that of the expert lawyer in immigration and the sale of houses. Both actors will play a fundamental role both in the compilation of your documentation and in the registration of the home in the Land Registry of the Autonomous Community of destination.
As in much of Europe, if a foreigner wants to buy a house in Spain, you must go to a notary to sign the sale of the house and its subsequent registration in the subsequent Property Registry, proving the payment of the house, being able to do the same. which is called a deposit contract, a document that will prove your interest in the home to be purchased and that implies a reservation prior to the final purchase.
Buying a house in Spain with Grupo Mar de Casas: a unique life experience
If you are thinking of investing in real estate in Spain, trust Grupo Mar de Casas, we have a wide portfolio of properties, with more than 25,000 houses at Madrid, Málaga, Alicante, Murcia and Almería and great presence international, with foreign buyers of homes in Spain from the United Kingdom, the Netherlands, Sweden, Norway or Germany among other European countries who testify to our honesty, commitment and reliability when buying a home in Spain by a foreigner; Do you want to be the next? Spain awaits you!
