Stockholm · Zürich · Amsterdam
The process
An introduction to buying new-build property in Spain. This is general information, not legal or financial advice.
Introductory information. Always confirm current rules and amounts with your lawyer and your bank.
Before the selection starts we review how the home will be used, the budget including costs beyond the purchase price, and when you want to move in.
Every foreign buyer needs a Spanish tax identification number, the NIE. A Spanish bank account is in practice needed for payments, taxes and running costs.
Once you have chosen a home, a reservation agreement is signed and a reservation fee is paid. The home is taken off the market for a set period while the contracts are reviewed.
For new builds a private purchase contract is signed with the developer. Payments are made in stages during construction and must be protected by a bank guarantee or insurance under Spanish law.
When the home is finished, a walkthrough is carried out before completion. The purchase is closed before a notary, the title is registered and the keys are handed over.
As an owner you take on running costs and annual declarations. We help set up the routines so nothing is missed.