Buying a home abroad is an exciting step, especially when it comes to a beautiful destination like Spain.
Whether you are looking for a permanent residence, a second home or an investment, this country offers a wide range of options for purchasing property.
In this article, we will explore the requirements for buying a home from abroad in Spain and we will show you how the villas by the sea that we offer at Brightbay, our real estate developer in La Herradura, are a great idea.
Requirements to buy a home from abroad in Spain
Before starting the exciting adventure of buying a home in Spain from abroad, it is important to understand the requirements that you must meet.
Below is a list of the essential steps and documents you need to keep in mind:
Obtaining a Foreigner Identification Number (NIE)
The Foreigner Identification Number (NIE) is a fundamental requirement for any real estate transaction in Spain.
You must request this number at a spanish police station or at an immigration office.
The NIE will identify you for tax purposes, will be necessary to open a bank account and carry out other financial transactions.
Open a bank account in Spain
To buy a home in country, you must open a bank account in a Spanish financial institution.
This will facilitate the transfer of funds and the payment of taxes and expenses related to the purchase.
Research and choice of property
Research the real estate market in Spain, decide the location and type of property you want to buy.
If you dream of living in an idyllic environment and are looking for luxury villas by the sea, La Herradura is an option that you should not overlook.
Deposit contract and notary
Once you have selected the property, you must sign a deposit contract with the seller and agree on the terms of the purchase.
The next step will be the signing of the deed of sale before a notary. This process guarantees the legality of the transaction and the protection of the rights of both parties.
Taxes and expenses
Keep in mind that buying a home in Spain entails additional taxes and expenses, such as Property Transfer Tax or Value Added Tax (VAT), depending on the type of property and its location.
In addition, you will have to pay the notary fees and registration costs.
Buy your home from abroad in an idyllic place
If you are looking for a home in an idyllic location, La Herradura is an exceptional option.
This charming town is known for its crystal-clear beaches and natural beauty.
At Brightbay, we offer luxury villas by the sea in this region.
These exclusive villas will give you the opportunity to enjoy the tranquility and splendor of the Spanish coast from the comfort of your own home.
Contact us for more information!