Thinking about investing in Spain? Buying property as a foreigner is possible — and easier than you might think. See what you need to prepare and why it pays to work with The Lawyers.
Buying property in Spain as a foreigner is becoming an increasingly popular option for investors seeking more than just sunshine and a Mediterranean lifestyle. With a stable market and high standard of living, Spain attracts those looking for both lifestyle and long-term value. Spanish law allows foreigners to purchase property freely — but the process requires completing several key formalities. At The Lawyers, we guide our clients through every stage — legally, securely, and with full support.
1. NIE Number – Your Key to All Formalities
The NIE (Número de Identificación de Extranjero) is the cornerstone of any transaction. It’s required to sign documents, open a bank account, and pay taxes. We handle the process of obtaining it on your behalf — either locally or via the consulate.
2. Spanish Bank Account – Without Leaving Home
Every property transaction in Spain requires a local bank account. It allows for payments, tax handling, and receiving rental income. With our assistance, you can open one remotely — quickly and securely.
3. Property Verification – Before You Sign Anything
We thoroughly verify the legal status of the property, including ownership history, debts, and compliance with planning regulations. This gives our clients a complete picture and confidence that their investment is risk-free.
4. Preliminary Agreement – The First Legal Step
At this stage, both parties reserve the property and a deposit (typically 10%) is paid. We prepare and review the preliminary agreement (Contrato de Arras) to fully protect the client’s interests.
5. Notarial Deed and Registration –
The transaction is finalized in the presence of a notary. You may attend in person or appoint us via power of attorney. We then register the property in your name and handle all payments — fully compliant with Spanish law.
With the right partner, the purchase process becomes simple, transparent, and completely secure.
At The Lawyers, we understand the importance of trust — that’s why we’re by your side from the first contact to the moment you receive your keys.
