Spanish Property Buying Procedure

Buying your property in Spain should be a pleasurable and stress free experience!

Once you have chosen you ideal property and agreed a purchase price you need to reserve the property with a deposit  to take the property of off the market and secure the price for both the buyer and vendor. The amount of deposit depends on the type of property.  If you are buying a plot and having a villa build the deposit is normally €5000 with stage payments. Resale purchases normally require a €3000 deposit.

What is a NIE number?

An NIE Number is a tax identification number to be used in Spain. Prior to purchasing a property, selling a property, obtaining a mortgage, starting up a business or working in Spain, it is a requirement by law that every individual possesses an NIE Number. The actual NIE Number, when produced from a National Police Station in Spain is printed out on an A4 sheet of paper, and this sheet of paper is often used as a form of identity. Once you have been issued an NIE Number, it is yours for life.

Author:  Chris Garwood – Partner,
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2 beds, 1 bath
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