How to buy a house in Spain: Requirements

This article is part of our guide How to buy a house in Spain which you will find in our Real Estate Consulting section.

If you want to buy a house in Spain as a foreigner, you will have to sort out some bureaucracy before you can buy a property.

This series of articles is a guide to help those looking for a property in the coast of Spain or in a big city such as Madrid or Barcelona.

Can non-residents and foreigners buy a property in Spain?

Buying a holiday home can be complex, but Spain is a very welcoming country for foreign buyers.

The rules for buying a property in Spain as a foreigner are relatively straightforward. Before buying, you will need a financial identification number, which can be obtained by going to a police station with your passport. This is usually processed on the same day for Spanish or EU citizens, but can take a few weeks for others.

Also, although it is not compulsory, having a bank account in Spain will make all the paperwork easier for you, as it will speed up payments and probably save you some fees.

How to obtain a residence visa?

Spain also offers a visa programme for foreign owners from outside the European Union. Under this programme, if you invest more than €500,000 in real estate in Spain, you will get a residence visa. These visas are mainly aimed at retirees and holiday home buyers, but are particularly popular with non-EU investors.

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