How to buy a house in Spain step by step and other frequently asked questions

If you want to buy a house in Spain as an investment, but you don't know how to do it, this mini guide offers you complete information on what to do, step by step, when it comes to Spanish real estate investment. If you have made the decision to buy a home in Spain as second home or rental property, we summarize 6 basic steps to invest in the Spanish real estate market, from searching on the internet to signing the final contract.

How long does  it take to buy a house in Spain?

The process to buy a house in Spain may vary, depending on the type of purchase (if you buy an apartment, a rural house, a town house, an off-plan villa...) o if you need financing.

Steps to buy a house in Spain

Step 1: Choose a location

Explore different destinations in your preferred landscape, whether seaside, countryside or city life, and narrow your search to an area or region. Many second home investors opt for buy a house in Costa Blanca.

Ask yourself:

Do I want to live in a community international? What type of environment do I prefer? What services and leisure activities would I like to have nearby? What health services do I need? Do I want to rent the property for part of the year?

Step 2: Choose the type of property

Spain offers all types of properties, from large newly built estates and apartments to luxurious villas and traditional rural houses. There is also the possibility of buying off-plan, where buyers usually have information about the design and finishes.

Step 3: Internet search

Now that you have a location and a type, start searching the internet for properties within your budget.

Step 4: Request an NIE number

If you are a foreigner and want to buy a property In Spain, you need a NIE, a tax identification number, which is essential for financial and legal activity.

Step 5: Open a Spanish bank account

To buy a property in Spain, you need to open a bank account in a Spanish entity.

Step 6: Plan property visits

Before buying a house in Spain, it is important that you visit it in person and get to know the area. To do this, you can contact the seller or with our real estate agent and make an appointment. Take advantage of the visit to ask any questions you have about the property and its condition.

Step 7: Search for financing

If you need to finance your purchase of a house in Spain, you can request a mortgage from a bank. To do this, you must meet a series of requirements and present the necessary documentation. You can also compare the conditions and interests of different entities to choose the best option.

Step 8: Check the currency exchange

You have to take into account costs and currency exchange when sending large amounts of money from a bank from your country to a Spanish one. Make sure you send it plenty of time before the date it is needed: the process may take time.

Step 9: Sign the final contract

When all checks are done,with signs before a notary Sell script. At this time, you must pay the agreed price, deliver the required documentation and receive the keys to your new property.

At Orange Villas we do all the steps for you and help you buy a property in Spain with full guarantee and legal support

If you want to buy a property in Spain without risks and, in addition, you prefer to avoid the steps that we have mentioned, we recommend that you contact our real estate agency specialized in the Spanish market. We offer you a personalized and professional service, from the search for the ideal property to legal and tax management.

• Send an email to info@orangevillas.com 
• Fill out the form that appears on the website
• Call (+34) 966 491 163
• Visit our office: Ctra. Moraira – Calpe, 19 Bajo 03724 Moraira (Alicante).