Quick Guide to Buying a Property in Spain
This handy guide provides the essentials for buying a property in Spain!
23 Apr 2023
This handy guide provides the essentials for buying a property in Spain!
23 Apr 2023
If you are buying a property in Spain, you will first need to obtain a Número de Identificacion de Extranjeros (NIE) number from the local police station or from the Spanish embassy in London. There are also companies in Spain who will do this for clients for a fee.
The NIE number is the Spanish tax identification number assigned by the Spanish authorities to any foreigner, it is a legal requirement prior to working in Spain, purchasing a property, selling a property, obtaining a mortgage, starting a company, etc…
The NIE is a personal, individual and unique identification number and regardless of whether you plan to live in Spain permanently, rent for a short period or just buy a property you must fist obtain a NIE number.
This process can take some time, and it needs to be obtained before a Spanish mortgage offer is issued.
Once you have your NIE you will also be required to open a Spanish bank account in order to obtain a Spanish mortgage. This account will be used to pay all the expenses during the mortgage application and monthly mortgage repayments.
The Buying Process
23 Apr 2023