Spain continues to be one of the preferred destinations for foreign citizens to acquire a second residence, invest in property or even change your place of residence. In 2025, this interest continues to grow, especially in regions like the Valencian Community and Murcia, where the weather, quality of life and competitive prices continue to attract buyers from all over Europe.
If you are thinking of buy a house in Spain as a foreigner, Here we explain all the essential steps in a clear and updated way.: since obtaining the NO until financing and signing before a notary.
Can I buy a home in Spain if I am not a resident?
Yeah, Any foreign person—resident or non-resident in Spain—can buy a home in the country. There is no legal restriction that prevents it. However, it is necessary to comply with some administrative requirements, how to have a Foreigner Identification Number (NO) and open a bank account in Spain.
Key steps to buy a home in Spain in 2025
Obtain the NIE: obligatory first step
He NO (Foreigner Identification Number) It is essential to carry out any legal or economic operation in Spain, including the purchase of a home. This unique number is requested before:
- The National Police in Spain
- A Spanish consulate in your country of origin
In many cases, The real estate agency or your legal representative can help you process it more quickly.. In Mayrasa, For example, We offer a complete support service that includes assistance in administrative procedures.
Open a bank account in Spain
To make payments, transfers and pay taxes related to the sale, you will need one bank account in a Spanish entity. This step can be carried out in parallel with obtaining the NIE and is usually quick with a passport and provisional NIE.
Select ideal house
Once you have your NIE and your account open, comes the most exciting part: choose your home. In areas like Torrevieja, Orihuela Costa, Guardamar or Pilar de la Horadada, you can find from apartments by the sea until chalets o attached in quiet neighborhoods.
In Mayrasa, We select properties specially designed for the international buyer, with options new construction and of second hand adapted to all budgets.
Sign the reserve contract or AIR
This contract formalizes your purchase intention and locks in the chosen home.. It is usually accompanied by a deposit (between the 5 and the 10 % of the price) and it is the first serious legal step in the operation. The contract includes conditions, deadlines and consequences in case of withdrawal.
Search financing if you need it
Many foreigners buy without financing, but if you need a mortgage, It is perfectly possible to obtain it in Spain. Some key points:
- You can get until 70% of the appraisal value if you are not a resident.
- The maximum period is usually 20 a 25 years.
- You must provide documentation of income, work situation, etc.
- There are options for Fixed and mixed mortgages (very common in 2025).
We work with brokers and banking entities that offer competitive conditions for foreigners. Our real estate consultancy helps you choose the best option in a personalized way.
Public deed and signature before a notary
The sale is formalized before a notary by signing the Public Deed. Buyer and seller must attend this event. (or their representatives). Then, The final amount is paid and the keys are handed over.
Tax payment and property registration
After signing:
- The corresponding taxes are paid:
- IVA (10%) In new construction
- ITP (6-10%) second hand (varies by autonomous community)
- The property is registered in the Property Registration, which makes you legally the owner.
This process can be managed with the help of a real estate company as Mayrasa, who is in charge of the after -sales management, cadastral notifications and change of ownership of supplies.
Additional services recommended for foreigners
- Virtual tour and professional photography if you want to view properties remotely.
- Professional appraisal to make sure the price is fair.
- Personalized tax and legal advice to understand your obligations in Spain.
Common mistakes you should avoid
One of the most common mistakes among foreign buyers is Do not have a trusted agency or be guided only by real estate portals without legal support. It is also common to sign contracts without translation or without fully understanding the financial terms., which can cause confusion, unexpected expenses or even loss of deposit.
Advantages of working with a local real estate
A local real estate agency with experience in sales to foreigners can make a difference in the entire process.. In Mayrasa, in addition to helping you choose the ideal property, we accompany you with:
- Document translation
- Assistance in NIE, bank account and mortgage
- Contact with lawyers and notaries
- Renovation services, home staging and rental management if you want to make profitable housing
Conclusion
Buying a house in Spain as a foreigner 2025 It's more accessible than ever, as long as you get good advice from the beginning. With a NO, a bank account and a professional team, the process is fast, legal and safe.
Whether you are looking for a permanent residence or an investment on the Costa Blanca, in Mayrasa We help you achieve your goal without complications and with total security.
