Buying a property in Spain

Our real estate professionals have a singular focus on your interests. It is our challenge and responsibility to help you find the right home and to make the process efficient, stress-free and successful.

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What is the property buyer process in Spain?

Buying a property in Spain is very straightforward, and with our support you can be sure that the process will be conducted professionally and correctly.

The purchase can be divided into 3 key stages:

    1. Offer and acceptance of the offer:
      The buyer makes a non-binding offer, which your agent submits to the seller. If the offer is accepted, a deposit is required from the buyer to take the property off the market. We will guide you through the process and draw up a private option contract for you.
    2. Private option contact:
      Once solicitors confirm that the legal status of the property is in accordance with regulation, the option contract is drawn up and signed by both buyer and seller. If any irregularities are later found to affect the property, the buyer can withdraw, and the deposit will be refunded. As soon as the option contract is signed, 10% of the agreed purchase price is usually paid by the buyer within a maximum of 7 days (reservation deposit) and deposited, for example, in an escrow account with the notary with the aim to protect both parties. This contract is binding for both parties. If the buyer withdraws, the deposit is forfeited. Should the seller withdraw, the seller must pay the buyer double the amount of the reservation deposit.
    3. Notary appointment:
      The property purchase is completed at a notary’s office. Here the deed of transfer is signed by both parties and the balance of the purchase price is paid. The buyer takes possession of the unencumbered property. Your lawyer then submits the deed to the land registry to secure the legal title.

What are the purchasing costs?

    1. Taxes:
      For the purchase of a second-hand property by an individual, the transfer tax will be 4% to 10%, depending on the community in which the purchase is made. For large families there are reduced taxes. In the purchase of a new building the tax is 10% VAT with, depending on the community, 0.4% to 1.5% stamp duty. In the case of the purchase of premises, offices, garages, industrial buildings and plots of land, the tax generally paid is 21% VAT.
    2. Fees for notary and land registry office:
      The fees are fixed by law and are based on the purchase price. These fees are approximately 0.15% to 0.5% of the purchase price.
    3. Lawyer's Fees:
      In case a lawyer is needed during the process, its fees are around 1% of the purchase price.
    4. Mortgage Fees:
      When financing is needed for the purchase of the property, it is good to bear in mind that mortgages are usually granted for 75% of the value of the property and the interest rate varies between 1.5% and 2.5% of the capital requested.

The Spanish Golden Visa

This visa is the perfect solution for non-EU citizens to obtain a Schengen visa, which allows one to live and work in Spain and the rest of the Schengen area by investing in Spanish real estate with a minimum required amount of 500,000 euros.

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The Advantages of an Exclusive Buyer's Agent

Your home is more than a building or an address. It’s where you experience life, connection and growth. We are proud to be your guide on the path to finding the perfect home.

  • You will have an experienced negotiator on your side.
  • In competitive situations, working with a successful Agent who may have worked with the Listing Agent or the Seller in past transactions can be the determining factor in securing the property of your dreams.
  • Experienced agents often know of properties coming to market before they are actually visible on any online or offline platform.
  • It does not cost you anything to be represented. The seller typically pays any commissions.
  • Our experienced team will answer any questions that you have about the process, our services and residency.
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