The Ultimate Guide to Buying a House in Calpe as a Foreigner

Nestled along the stunning Costa Blanca, Calpe is a Mediterranean gem that has captivated homebuyers from around the world. With its golden beaches, crystal-clear waters, and iconic Peñón de Ifach, this Spanish coastal town blends natural beauty with modern conveniences. Whether you’re looking for a vacation retreat, a rental investment, or a permanent residence, Calpe offers an irresistible mix of lifestyle, culture, and opportunity.

Why Are Foreigners Drawn to Calpe?

Calpe has become a top destination for international buyers, and for good reason:

Mild Mediterranean Climate 🌞 – Over 300 days of sunshine per year make outdoor living a dream.
Booming Real Estate Market 📈 – A mix of affordable apartments, luxury villas, and beachfront properties presents lucrative investment opportunities.
Expat-Friendly Community 🌍 – With over 47% of residents being foreign-born, integration is seamless, and many services cater to English, German, and French speakers.
High Quality of Life 🏖️ – Excellent healthcare, vibrant social life, and fresh Mediterranean cuisine make Calpe an ideal place to settle.
For an in-depth look at Spain’s real estate market trends, visit Idealista’s Market Trends.
Explore current property listings in Calpe on Kyero.

What This Guide Covers

Buying a house in Spain as a foreigner involves several legal and financial steps. This guide will walk you through everything you need to know, starting with obtaining a NIE number, understanding market trends, and navigating the buying process—all so you can purchase your dream home in Calpe with confidence.

Step 1: Obtain a NIE Number

Before purchasing a property in Calpe, you’ll need to obtain a NIE (Número de Identidad de Extranjero). This is a foreigner identification number required for any financial transactions in Spain, including buying property, opening a bank account, and paying taxes.

Why Do You Need a NIE?

The NIE is essential for:
✅ Signing the property purchase contract
✅ Paying property taxes
✅ Setting up utility services (electricity, water, internet)
✅ Applying for a Spanish mortgage

Without a NIE, you won’t be able to complete the legal steps necessary to own property in Spain.

How to Apply for a NIE in Calpe

You can apply for a NIE in two ways:

In Your Home Country 🇪🇺✈️
- Visit the Spanish Consulate or Embassy in your country.
- Submit a completed EX-15 application form along with a valid passport and proof of why you need a NIE (e.g., property purchase documents).
- Processing times vary but typically take a few weeks.
In Spain (Nearest Office: Benidorm) 🇪🇸🏛️
- Visit the National Police Station in Benidorm, the closest NIE-processing center to Calpe.
- Book an appointment online via the Cita Previa system.
- Bring:
  - EX-15 form (filled out)
  - Valid passport & copies
  - Proof of property purchase intent
  - Tasa 790 tax form (paid at a local bank, approx. €10-15)
- You will typically receive your NIE within 1-2 weeks.
- For official information on obtaining a NIE, check the Spanish Government’s official website.

💡 Pro Tip: If you’re not fluent in Spanish, consider hiring a gestor (administrative specialist) or a real estate agent who can handle the application process on your behalf.

Step 2: Research the Local Market

Buying property in Calpe requires a deep understanding of the local market. This picturesque coastal town offers diverse neighborhoods, each catering to different lifestyles and budgets. Whether you’re looking for a charming historical retreat, a modern beachfront apartment, or a secluded luxury villa, there’s something for everyone.

Key Neighborhoods & Property Types in Calpe

1️⃣ Old Town (Casco Antiguo) – Historic Charm & Authentic Spanish Living

Traditional whitewashed houses, narrow cobblestone streets, and vibrant plazas.
Close to authentic tapas bars, local markets, and cultural sites.
Ideal for buyers looking for a quaint, community-driven environment.
Property types: Renovated townhouses, small apartments, and traditional Spanish homes.
Understanding why some properties in Spain are more affordable can help you identify great investment opportunities. Learn more in our guide: Why Are Properties Cheap in Spain?.

2️⃣ Peñón de Ifach Area – Stunning Views & Beachfront Properties

Offers unmatched views of the iconic Peñón de Ifach rock formation.
Properties here are steps away from sandy beaches like Playa de la Fossa and Playa Arenal-Bol.
Home to high-rise apartments, modern penthouses, and luxury beachfront residences.
Ideal for those wanting direct beach access and lively surroundings.

3️⃣ Luxury Villas in the Outskirts – Privacy & Panoramic Vistas

Located in hillside areas like Maryvilla, Canuta de Ifach, and Cucarres.
Offers stunning sea views, private pools, and spacious gardens.
More exclusive and ideal for those seeking tranquility and privacy.
Prices vary from €500,000 to multi-million euro estates, depending on the features.

Market Trends & Price Insights

✅ Average Property Prices:

Apartments near the beach: Starting from €200,000 – €600,000+ depending on location and amenities.
Townhouses in Old Town: Between €150,000 – €400,000, often requiring renovations.
Luxury villas on the outskirts: Can range from €500,000 to €3M+ for high-end properties.

✅ Investment Potential:

Strong rental demand due to Calpe’s popularity among tourists and expats.
High ROI (Return on Investment) for beachfront properties, particularly during peak tourist seasons.
New developments in Calpe are increasing, bringing modern housing options to the market.

💡 Tip: Prices tend to fluctuate based on proximity to the beach, property condition, and available amenities. A real estate agent can help you secure the best deals based on your budget and preferences.

Step 3: Seek Professional Assistance

Navigating the Spanish real estate market as a foreign buyer can be complex, which is why it’s crucial to hire a reputable local real estate agent. They will guide you through the process, ensuring a smooth, secure, and hassle-free transaction.

Why Work with a Real Estate Agent in Calpe?

✔️ Local Market Knowledge – Agents understand Calpe’s neighborhoods, pricing trends, and investment opportunities.
✔️ Legal & Paperwork Assistance – They ensure all documents comply with Spanish property laws and prevent legal issues.
✔️ Negotiation Power – Experienced agents can help negotiate the best price and terms for your purchase.
✔️ Access to Off-Market Deals – Many top properties aren’t publicly listed; agents provide exclusive access.
✔️ Language & Bureaucracy Help – They bridge language barriers and assist with local regulations.

How to Verify a Trustworthy Real Estate Agent

🟢 Check Online Reviews & Testimonials

Look for Google reviews, Trustpilot ratings, or testimonials from previous clients.

🟢 Verify Legal Registration

In Spain, agents should be registered with a real estate association like API (Agentes de la Propiedad Inmobiliaria).

🟢 Ask for References

A legitimate agent should be able to provide client references upon request.

🟢 Compare Multiple Agents

Interview at least two or three agents to compare services, commissions, and market knowledge.
Foreign buyers should be aware of common risks when purchasing a home in Spain. Avoid costly mistakes by reading our guide on the Pitfalls to Avoid When Buying Property in Spain.

🟢 Avoid High-Pressure Tactics

Be cautious of agents who push you to make a quick decision or refuse to disclose property history.

💡 Pro Tip: Some real estate agencies in Calpe specialize in helping foreign buyers, offering bilingual support and personalized services. It’s worth researching expat-friendly agencies for a more seamless experience.

Step 4: Understand the Costs

Buying a house in Calpe comes with additional costs beyond the property price. It’s important to budget for taxes, legal fees, and other expenses to avoid unexpected financial surprises. Below is a breakdown of the main costs involved in purchasing property in Spain. Did you know that buying property in Spain through a company can sometimes be a strategic tax advantage? Find out more in our article: Buying Property in Spain Through a Company.

1️⃣ Taxes on Property Purchases

The type of tax you pay depends on whether you’re buying a new build or a resale property:

Resale Property (Second-Hand Homes): Subject to Property Transfer Tax (Impuesto de Transmisiones Patrimoniales – ITP).
- The ITP rate in the Valencian Community (including Calpe) is 10% of the purchase price.
- Example: If you buy a home for €250,000, expect to pay €25,000 in taxes.
New Build Property: Instead of ITP, new properties are subject to:
- VAT (IVA) – 10% of the purchase price.
- Stamp Duty (Actos Jurídicos Documentados – AJD) – Ranges from 0.5% to 1.5%, depending on the region.

2️⃣ Notary & Registry Fees

In Spain, all property transactions must be formalized at a notary’s office. The costs include:

Notary Fees: Typically €600 – €1,500, depending on the property value.
Property Registry Fees: Approximately €500 – €1,000 to record the new owner’s name in the Land Registry.

3️⃣ Legal Fees & Agency Commissions

Hiring legal and real estate professionals is essential for a smooth and secure transaction:

Lawyer Fees: Expect to pay 1% to 1.5% of the property price for an independent lawyer.
Real Estate Agency Commission: Usually covered by the seller, but in some cases, buyers may face an agency fee of 3% to 5%.

4️⃣ Additional Costs for Mortgage Buyers

If you’re financing your purchase with a Spanish mortgage, be aware of additional costs:

Mortgage Arrangement Fee: Spanish banks charge 0.5% to 1.5% of the loan amount.
Valuation Fee: Required to assess the property’s worth, costing €300 – €700.
Loan-to-Value Ratio (LTV):
- Spanish banks typically offer 60-70% LTV for non-residents.
- This means foreign buyers must pay at least 30-40% of the property price upfront.
Interest Rates:
- Non-resident buyers usually face higher mortgage rates than Spanish residents.
- Rates typically range from 3% to 6%, depending on the lender and economic conditions.
Learn more about property taxation in Spain from the Spanish Tax Office (Agencia Tributaria).
Get a detailed breakdown of property purchase costs on Spanish Property Insight.

💡 Tip: Before committing, ask for a detailed breakdown of all costs from your lawyer or agent to ensure you’re fully prepared financially.

Step 5: Secure Financing

If you don’t have the full amount to purchase your Calpe property outright, you’ll need to explore financing options. While Spanish banks do provide mortgages to foreign buyers, there are specific conditions and restrictions to be aware of.

1️⃣ Mortgage Options for Foreign Buyers

Spanish Banks: Many major banks in Spain offer mortgages to non-residents, but with stricter conditions.
International Banks: Some buyers use banks from their home country that provide international property loans.
Private Lenders: Alternative financing through private lenders or investment firms, often with higher interest rates.

2️⃣ Common Restrictions & Considerations

Foreign buyers face different mortgage conditions compared to Spanish residents:

Lower Loan-to-Value Ratio (LTV) 📉
- Spanish banks typically lend 60-70% of the property value to foreign buyers.
- This means you must pay at least 30-40% upfront as a deposit.
Higher Interest Rates 💰
- Expect rates between 3% and 6%, which are generally higher than local buyer rates.
Proof of Financial Stability 📑
- Banks require extensive documentation, including:
  ✅ Proof of income (pay slips, tax returns)
  ✅ Bank statements
  ✅ Credit history
  ✅ Proof of employment or business ownership
Limited Mortgage Terms ⏳
- Mortgage terms for non-residents usually range from 15 to 25 years (shorter than the typical 30-year mortgages for residents).

3️⃣ Alternative Financing Options

If a traditional mortgage isn’t the right fit, consider these alternative financing methods:

Home Equity Loan from Your Home Country 🌍
- If you own property elsewhere, you can use it as collateral to secure financing for your Calpe home.
Developer or Seller Financing 🤝
- Some developers or private sellers offer payment plans or direct financing, but this is less common.
Pignorated Loans 🔄
- Using investments (stocks, ETFs, bonds) as collateral to obtain a loan with lower interest rates.

💡 Tip: Get pre-approved for a mortgage before starting your property search. This will help you understand your budget and negotiate more effectively.

Step 6: Legal Considerations

Buying property in Spain as a foreigner involves several legal procedures, and overlooking key legal aspects can lead to costly mistakes. Hiring an independent lawyer is one of the most crucial steps to protect your interests and ensure a smooth, secure property purchase.

Why Hiring an Independent Lawyer is Crucial

Many foreign buyers make the mistake of relying on the seller’s lawyer or the real estate agency’s legal team—which may create a conflict of interest. Hiring your own independent property lawyer ensures that your rights are protected, and the transaction is fully transparent. Navigating the legal process as a foreigner in Spain can be complex. Our step-by-step guide explains everything you need to know: Legal Steps for Foreigners Buying Property in Spain.

An independent lawyer will:
✅ Verify the property’s ownership history.
✅ Ensure there are no debts or legal claims against the property.
✅ Review all contracts before you sign anything.
✅ Confirm the property complies with local zoning laws and building regulations.
✅ Handle the title deed registration and assist with tax compliance.

💡 Tip: Make sure your lawyer is registered with the Spanish Bar Association (Colegio de Abogados) and has experience in real estate transactions for international buyers.

Key Legal Aspects to Review Before Purchasing

✔️ Ownership Verification (Registro de la Propiedad)

Your lawyer should check the Land Registry (Registro de la Propiedad) to confirm the seller legally owns the property and has the right to sell it.
They will obtain a Nota Simple, which is a legal document showing property details, debts, and encumbrances.
To verify property ownership and legal status, visit the Spanish Land Registry (Registro de la Propiedad).

✔️ Debts & Unpaid Taxes

In Spain, debts attached to a property transfer to the new owner. That means if the seller owes money on the property (e.g., unpaid mortgage, property taxes, community fees), you could be responsible for settling the debt.
Your lawyer will check for any outstanding mortgages, liens, or utility bills.

✔️ Legal Compliance (Zoning & Permits)

Ensure that the property has all the necessary licenses and building permits.
If you’re buying a villa or rural property, check that all extensions, pools, or renovations are legally registered.

✔️ Urban Planning & Future Developments

Verify that no major construction projects (such as new roads, commercial developments) are planned near your property that could affect its value or livability.

Common Pitfalls to Avoid

⚠️ Skipping the Legal Check – Some buyers rush into a deal without verifying legal documents, leading to ownership disputes or unpaid debts.

⚠️ Buying Property Without a Cedula de Habitabilidad (Certificate of Occupancy) – This certificate is required for utility connections and proves the property is legally fit for habitation.

⚠️ Under-the-Table Payments – Some sellers try to reduce tax costs by declaring a lower sales price. This is illegal and can lead to tax issues when you resell the property.

⚠️ Trusting Only the Seller’s Lawyer – Always hire an independent legal expert who represents you, not the seller or agent.

💡 Tip: Never sign any contract or pay a deposit until your lawyer has reviewed all legal documents!

Step 7: Conduct a Property Inspection

Before finalizing your purchase, conducting a professional property inspection is essential to avoid hidden defects and costly repairs. Many foreign buyers overlook this step, only to discover structural issues, faulty utilities, or legal complications after the sale.

Why a Property Inspection is Essential

✔️ Detect Hidden Structural Problems – Cracks in walls, foundation issues, dampness, or poor construction quality.
✔️ Ensure Electrical & Plumbing Systems Are Functional – Faulty wiring, outdated plumbing, or water damage can be expensive to fix.
✔️ Confirm the Property’s Legal Status – Some properties have unregistered extensions or illegal modifications that could cause legal trouble.
✔️ Avoid Unexpected Renovation Costs – Knowing potential repair costs in advance can help you negotiate a better price.

What Should Be Inspected?

🔍 Structural Integrity – Walls, foundation, roof condition, windows, doors.
🔍 Electrical System – Wiring, circuit breakers, voltage stability.
🔍 Plumbing & Water Supply – Water pressure, pipe condition, leaks.
🔍 Humidity & Mold Issues – Common in coastal homes due to humidity.
🔍 Heating & Air Conditioning – Functionality, energy efficiency.
🔍 Septic Tanks & Drainage (if applicable) – Essential for rural or villa properties.
🔍 Land Boundaries & Fencing – Ensuring the property lines match the legal deed.

Who Should Conduct the Inspection?

✔️ Hire a certified building surveyor (arquitecto técnico or perito) for a full technical inspection.
✔️ If the property is a villa or older home, consider hiring a structural engineer to evaluate potential long-term issues.
✔️ For apartments, request an inspection of shared building areas (roof, elevator, common facilities).

💡 Tip: If the property needs major repairs, use this as a negotiation tool to lower the purchase price or ask the seller to fix the issues before the sale.

Step 8: Understand the Buying Process in Spain

The property purchasing process in Spain follows a structured legal procedure. To ensure a smooth transaction, it’s important to understand the key stages and what each agreement entails.

1️⃣ Reservation Agreement – Initial Deposit to Secure the Property

Once you’ve chosen a property, the first step is signing a Reservation Agreement (Contrato de Reserva) and paying a small deposit (typically €3,000 – €6,000). This temporarily takes the property off the market while legal checks are carried out.

💡 Key Points:
✔️ Ensures you have priority to purchase the property.
✔️ The deposit is usually non-refundable unless issues arise in the legal review.
✔️ If you proceed with the purchase, this amount is deducted from the total price.

2️⃣ Purchase Contract (Arras Agreement) – Legal Commitment with a Higher Deposit

Once all legal checks are complete, the next step is signing a Purchase Agreement (Contrato de Arras Penitenciales). This is a legally binding contract where both buyer and seller commit to the transaction.

💰 Deposit Requirement:

Buyers must pay 10% of the total property price upon signing.
If the buyer backs out, they lose the deposit.
If the seller backs out, they must return double the deposit to the buyer.

💡 Key Points:
✔️ The contract outlines property details, price, deadlines, and conditions.
✔️ If financing with a Spanish mortgage, a clause should be included making the purchase contingent on loan approval.

3️⃣ Completion at the Notary – Finalizing the Sale and Property Registration

The final step is signing the Escritura de Compraventa (Title Deed) at a public notary’s office. This is when the property officially changes ownership.

📌 What Happens at the Notary?

The buyer and seller (or their legal representatives) meet with a notary.
The notary verifies the legal status of the property and ensures all taxes are paid.
The final payment is made, and the keys are handed over.

📜 Property Registration:

The signed deed is then submitted to the Land Registry (Registro de la Propiedad) to update ownership records.
You will receive an official deed (Escritura) confirming you are the new owner.

💡 Key Points:
✔️ Bring a translator if you don’t speak Spanish, as contracts are in Spanish only.
✔️ The notary ensures all legal aspects are correct, but they do not act as a buyer’s lawyer—so it’s crucial to have independent legal representation.

Step 9: Consider Residency and Permits

If you’re planning to spend significant time in Spain or want to benefit from tax advantages, you may need to apply for residency. There are different options depending on your nationality and financial situation.

1️⃣ Residency Options for Non-EU Buyers

🟢 Golden Visa (Residency Through Investment)

The Golden Visa program is ideal for non-EU buyers investing €500,000 or more in Spanish real estate.
It allows residency for you and your family (spouse, children, and dependent parents).
Visa benefits:
✅ No minimum stay requirement.
✅ Ability to travel visa-free within the Schengen Zone.
✅ Renewable every two years and can lead to permanent residency.
Find out more about the Spanish Golden Visa on the Invest in Spain official portal.
For detailed visa requirements, visit the Spanish Consulate’s official website.

🟢 Non-Lucrative Visa (For Retirees & Passive Income Holders)

Suitable for non-EU citizens not working in Spain but with sufficient financial resources.
Applicants must prove an income of at least €28,000 per year (or more for families).
Requires spending at least 183 days per year in Spain, making you a tax resident.

🟢 Digital Nomad Visa (For Remote Workers & Entrepreneurs)

Allows non-EU nationals to live in Spain while working remotely for foreign companies.
Requires proof of stable income (usually €2,500+ per month).
Valid for one year and renewable for up to five years.

2️⃣ Key Requirements for Obtaining Residency in Spain

📌 General Residency Requirements:

Valid passport.
Proof of financial stability (bank statements, income proof).
Private health insurance covering Spain.
Proof of property ownership or a long-term rental agreement.
Clean criminal record certificate from your home country.

📌 Additional Requirements for the Golden Visa:

Official property purchase documents proving a minimum €500,000 investment.
Proof that the investment funds come from legal sources.

💡 Tip: If you plan to stay in Spain long-term, consult an immigration lawyer to explore the best visa or residency option for your situation.

Step 10: Integration into the Calpe Community

Moving to a new country is more than just purchasing a property—it’s about feeling at home. Luckily, Calpe has one of the most welcoming international communities on the Costa Blanca, making integration easier for foreign buyers.

1️⃣ Benefits of Calpe’s Large International Community

🌍 Diverse & Multicultural

Over 47% of Calpe’s residents are non-Spanish, with large communities from the UK, Germany, France, Belgium, and Scandinavia.
Many locals and businesses speak English, reducing language barriers for newcomers.

💼 Business & Investment Opportunities

A growing number of expats are investing in rental properties, opening businesses, or working remotely in Calpe.
The town’s thriving tourism sector provides excellent income opportunities for those interested in vacation rentals.

🏖️ Lifestyle & Leisure

The Mediterranean climate, outdoor activities, and rich cultural life make Calpe an attractive place to settle.
Enjoy year-round festivals, local markets, and stunning beaches that enhance the quality of life.

2️⃣ Resources for Expats: Language, Social & Cultural Integration

🗣️ Language Classes
While many locals speak English, learning Spanish will significantly improve your experience.

Municipal Language Schools: The Ayuntamiento (town hall) offers affordable Spanish courses for foreigners.
Private Language Schools: Schools like Costa Blanca Spanish School provide intensive and conversational courses.
Online Apps & Meetups: Use Tandem, Duolingo, or local language exchange groups to practice Spanish.

🤝 Social & Expat Groups
Connecting with other foreigners can make the transition smoother.

Facebook Groups: “Expats in Calpe” and “Costa Blanca Living” provide advice, event updates, and social networking.
Meetups & Clubs: Join the Costa Blanca Women’s Network, international book clubs, or sports leagues.
Cultural Centers: The Casa de Cultura in Calpe hosts concerts, exhibitions, and local history talks.
Expat communities in Spain: Internations – Spain Expat Network
Language classes: Costa Blanca Spanish School

🛠️ Expat Services

English-speaking doctors & dentists: Many clinics in Calpe cater to international residents.
Legal & Tax Advisors: Some law firms specialize in helping expats with property ownership, taxes, and residency paperwork.
International Schools: If you have children, there are bilingual and international schools nearby, such as The Lady Elizabeth School in Benitachell.

3️⃣ Tips for Adapting to Life in Spain

✔️ Embrace the Spanish Schedule

The siesta culture means that many businesses close from 2 PM to 5 PM, so plan shopping and errands accordingly.
Dinner is usually late (8-10 PM), and social events often run past midnight.

✔️ Get Involved in Local Events

Calpe hosts festivals like Las Fallas, the Moors and Christians parade, and local food fairs—great opportunities to connect with locals.

✔️ Understand Local Laws & Taxes

If you spend more than 183 days per year in Spain, you become a tax resident and must file Spanish tax returns.
Consult an expat tax advisor to manage property and residency taxes effectively.

✔️ Respect Local Customs

Spaniards are friendly and expressive, so don’t be surprised by enthusiastic greetings, handshakes, or double-cheek kisses.
Tipping is not mandatory but appreciated in restaurants and service industries.

💡 Tip: The more you engage with the local culture and learn basic Spanish, the smoother your integration will be!

Conclusion

Buying a property in Calpe as a foreigner is an exciting journey, but it’s important to approach the process with careful planning and expert guidance. Looking for a complete guide on how to buy a property in Spain? Check out our comprehensive resource: How to Buy Property in Spain – Full Guide.

✅ Take the time to research the market and choose a location that fits your lifestyle and investment goals.
✅ Secure legal and financial assistance to navigate paperwork, taxes, and potential risks.
✅ Understand the buying process step by step to avoid unexpected surprises.
✅ Embrace the local community to make the most of your new home.

Ready to Make Your Dream of Owning a Home in Calpe a Reality?

If you have any questions or need professional assistance in buying a property in Calpe, don’t hesitate to reach out to a trusted real estate agent or lawyer. Whether you’re looking for investment opportunities, a vacation home, or a permanent residence, expert guidance can make the process smoother and stress-free.

📩 Contact us today for personalized advice on buying a home in Calpe!

FAQs – Buying a House in Calpe as a Foreigner

1️⃣ Can foreigners buy property in Spain?

Yes! Spain allows foreign buyers to purchase property without restrictions. However, you will need to obtain a NIE (Número de Identidad de Extranjero), which is essential for financial transactions, including property purchases.

2️⃣ How much deposit do I need to buy a house in Spain?

Typically, you will need to pay:

10% deposit when signing the Arras Agreement (Purchase Contract).
If you are financing with a Spanish mortgage, most banks require a 30-40% down payment, as they offer a maximum 60-70% loan-to-value (LTV) for non-residents.

3️⃣ What are the additional costs when buying a property in Calpe?

Aside from the property price, expect to pay 11-14% extra in taxes and fees, including:

10% Transfer Tax (ITP) for resale properties or 10% VAT + 1-1.5% Stamp Duty for new builds.
Notary & Land Registry fees (€1,000 – €3,000).
Legal fees (1% of the purchase price).
Mortgage costs (if applicable).
If you’re considering financing your property, check out Banco Sabadell’s mortgage options for non-residents.
For a complete guide on Spanish property taxes, visit Spanish Property Insight.

4️⃣ Can I get residency in Spain if I buy a property?

Yes, but only under certain conditions:

If you invest €500,000 or more, you qualify for the Golden Visa, granting residency for you and your family.
If you buy a property below this amount, you can still apply for a Non-Lucrative Visa or Digital Nomad Visa, provided you meet income requirements.

5️⃣ How long does the buying process take?

On average, purchasing a property in Spain takes 6 to 12 weeks. The timeline depends on:

How quickly you obtain your NIE number.
Mortgage approval (if financing).
Completion of legal checks and property inspections.