Buying a Property in Spain
Your Step-by-Step Guide with Auckland Estates
Purchasing a property in Spain is a clear and straightforward process when guided by experts who understand both the UK and Spanish systems. Through Auckland Estates and our partners Simply Spanish Homes, we ensure every stage from viewing to completion is transparent, compliant and stress-free.
Why Buy in Spain
Spain remains one of Europe’s most popular destinations for international buyers, offering a superb combination of lifestyle, value and long-term security.
With Mediterranean sunshine, a stable property market and strong rental demand, Spain continues to deliver consistent returns and a relaxed way of life.
Non-residents can freely buy and own property, and the process is legally protected under Spanish law.
The Buying Process
1. Reservation and Deposit
Once you have chosen your property, it is secured with a small reservation deposit (typically €3,000–€6,000). This removes it from the market while your lawyer completes initial checks.
2. Legal Checks and Due Diligence
Your appointed lawyer will confirm ownership, planning permissions, and that the property is free from debts or charges. They will also obtain a Nota Simple from the Land Registry and advise on all contracts.
3. Obtaining Your NIE Number
Foreign buyers are required to have an NIE (Número de Identificación de Extranjero) a Spanish tax identification number used in all property and banking transactions. We can introduce professionals who handle this application quickly.
4. Signing the Private Purchase Contract
Once legal checks are complete, a Contrato Privado de Compraventa is signed and a 10% deposit is usually paid (less the reservation amount). This document confirms price, completion date, and obligations of both buyer and seller.
5. Completion at the Notary
On the agreed completion date, all parties meet before a Spanish Notary Public to sign the Escritura Pública (Title Deed).
Final payment is made, taxes and fees are settled, and ownership is registered in your name at the Registro de la Propiedad (Land Registry).
6. Handover and Aftersales Support
Once registered, you receive the keys and title documents. Auckland Estates assist with setting up utilities, insurance, property management and local registrations to ensure a smooth transition into ownership.
Costs and Taxes
When budgeting, allow for approximately 10–13% on top of the purchase price to cover taxes, legal fees, and registration costs.
Typical costs include:
- Transfer Tax (ITP): 6–10% for resale properties (depending on region)
- VAT (IVA): 10% on new builds
- Stamp Duty (AJD): 1–1.5% (for new builds)
- Legal, Notary and Land Registry Fees: 1–2% combined
For example, a €300,000 resale apartment would typically incur around €24,000 in additional costs.
Mortgages and Finance
Spanish banks commonly lend to non-residents with 60–70% loan-to-value (LTV) ratios.
Interest rates are competitive, and documentation usually includes proof of income, tax returns, and bank statements.
We work closely with English-speaking mortgage brokers who can secure favourable terms for overseas clients.
Buying Off-Plan or Resale
Resale Properties offer immediate completion and a clear ownership record, ideal for relocation or quick rental income.
Off-Plan Developments offer longer payment schedules and often better pricing but must include legal guarantees.
Auckland Estates only work with reputable developers who provide full bank guarantees and transparent build schedules.
Why Work with Auckland Estates
Buying abroad requires expert coordination and with Auckland Estates you have both a UK-based advisor and a trusted local partner.
Our clients benefit from:
- Access to verified developments and legal contacts
- Bilingual communication throughout the process
- Mortgage and tax introductions
- Full aftersales and property management support
Frequently Asked Questions
Do I need to be a Spanish resident to buy?
No, foreign nationals can freely buy and own property in Spain.
How long does the process take?
For resale properties, usually 8–12 weeks. Off-plan purchases follow the developer’s schedule.
Do I need a Spanish bank account?
Yes — it’s required for payments, taxes and utilities.
Can I rent my property after purchase?
Yes, although short-term holiday lets may require a local tourist licence.
Is buying off-plan safe?
Yes — provided your lawyer verifies the developer and all payments are protected by bank guarantees.
Next Steps
- Contact our International Department to discuss your requirements.
- We will arrange a viewing with you through Simply Spanish Homes.
- Once your property is chosen, we’ll coordinate all legal, mortgage and relocation steps through our trusted partners.