1. Understand the Legal & Financial Framework

Foreigners can freely buy property in Spain, but you’ll need to obtain an NIE (Número de Identificación de Extranjero)—your tax identification number—before completing the purchase. Without this, the property cannot be registered in your name.

You should also be aware of transaction costs. On top of the purchase price, budget for:

• Property Transfer Tax (ITP) on resale homes (typically 7–10%, depending on region).

• VAT (IVA) and Stamp Duty for new-builds (10% + 1.2%).

• Legal fees, notary, and registry costs (1–2%).

If you’re financing the purchase, most Spanish banks offer mortgages to non-residents, usually up to 60–70% of the property value. Having documents such as proof of income, tax returns, and bank statements in order will make the process smoother.

Learn more about obtaining an NIE number here ->

Expert Insight: The Costa del Sol is particularly mortgage-friendly for foreigners, with many local banks and brokers specialising in international buyers.

2. Work with Local Experts You Can Trust

While online portals are useful for browsing, navigating the Spanish property market requires local expertise. There are differences in zoning, community regulations, and even hidden costs that are not always visible in a listing.

Key professionals to have on your side:

• Independent Lawyer (Abogado): They will check the title deed, debts, planning permissions, and ensure a secure purchase.

• Real Estate Buyer’s Agent / Personal Shopper: Unlike traditional estate agents who work for the seller, a buyer’s agent represents your interests—shortlisting properties, negotiating terms, and guiding you through the process. You can learn more about how estate agents in Spain work here ->

• Tax & Financial Advisor: Especially important for non-residents, ensuring you understand ongoing costs such as annual property tax (IBI), non-resident income tax, and wealth tax where applicable.

Expert Insight: On the Costa del Sol, properties in areas like Marbella, Benahavís, and Estepona may belong to exclusive gated communities with their own rules and fees. Local guidance ensures there are no surprises post-purchase.

3. Think Long-Term: Lifestyle, Resale & Rental Potential

It’s easy to be swept away by sea views and Mediterranean sunshine, but smart buyers also consider the practical and long-term aspects of ownership.

Ask yourself:

• Lifestyle Fit: Is the property close to international schools, golf courses, or healthcare? Does the community suit year-round living or is it more seasonal?

• Resale Value: Areas with high demand (such as Nueva Andalucía, La Quinta, or beachfront zones) hold value better. Look at upcoming infrastructure projects that may boost desirability.

• Rental Potential: If you plan to rent, check local regulations on tourist licenses, which vary by municipality. On the Costa del Sol, short-term rental demand is strong—particularly near golf resorts and beachside locations.

💡 Expert Insight: Properties with a balance of location, amenities, and accessibility (airport, schools, beaches) are more resilient in value and easier to rent out, making them a safer long-term investment.

Final Thoughts

Buying property in Spain as a foreigner can be one of the most rewarding decisions you make, whether for lifestyle or investment. The key is to understand the legal framework, surround yourself with trusted experts, and think strategically about your long-term goals.

With the right guidance, the process is not only safe but also enjoyable—allowing you to focus on what really matters: creating your new life in the Spanish sun.

If you’re considering buying on the Costa del Sol, our team specialises in guiding international clients through every step—from property search to completion and beyond. We’re here to ensure your purchase is secure, stress-free, and tailored to your lifestyle needs. We also have a comprehensive guide to Buying A Property in Spain which you can download here ->