Planning to invest in property in Spain? See what our clients ask most often — and why having a legal expert is the best starting point.
Investing in property in Spain has grown in popularity — and for good reason. A stable market, attractive locations, rising property values, and a unique lifestyle make Spain a top destination for those considering buying a second home or a long-term investment on the Mediterranean.
But before the notarial deed is signed and your first glass of cava is poured on a sunlit terrace — there are questions. At The Lawyers, we hear them daily. Here are the ones we answer most often.
1. Can I legally invest in property as a foreigner?
Yes. Spain places no restrictions on foreign investors. You don’t need to be a resident or a citizen — just an NIE number, a Spanish bank account, and a trusted team familiar with the process. That’s exactly what we provide at The Lawyers.
2. What documents will I need?
The essentials include:
a valid passport or national ID,
an NIE number (tax identification number),
proof of income (if applying for a mortgage),
property details — which we verify before you sign anything.
We collect, review, translate, and oversee the full documentation process.
3. Can I get a mortgage as a non-resident?
Yes — many Spanish banks offer attractive mortgage options to foreigners. Typically, they finance 60–70% of the property’s value, with repayment terms of up to 30 years. We help compare offers, gather the required documents, and handle the entire process — remotely if needed.
4. What additional costs should I expect?
Taxes, notary fees, registration costs, legal services, commissions — the full list depends on the property type. The good news? With us, there are no surprises. We plan and present all costs upfront. On average, they amount to 10–13% of the purchase price.
5. How is the property verified before purchase?
This is a crucial step. We check the legal status, registry entries, outstanding debts or mortgages, technical documentation, and compliance with local planning regulations. We conduct full due diligence on your behalf — so you invest with clarity, not guesswork.
Before you commit, it’s worth knowing where you stand. These five questions form the foundation of any safe and successful investment. And if a sixth question arises — we’ve already got the answer ready.
