Requirements to buy a property in Spain for foreigners

Buying a house in Spain without being Spanish is an easy process in terms of the requirements you need. Keep Reading this article if you'd like to know what elements are needed so you can buy your dream apartment by the beach in Costa Blanca.

First you need to have the NIE (Número de Identificación de Extranjeros) meaning; Foregneirs Identification Number. It's the equivalent of their Identification card called DNI, neededand issued by the Police Department when you need to do any economic transaction in Spain. You can also apply and obtain it if you give reasons why. Basically the NIE is all you need in order to be elegible to buy a house in Spain.

Though to purchase a house Spain a bank acount is not need by law, the Naranja Spain Real Estate team always recomends to open one just to facilitate the process whenpayingtaxes; the IVA (VAT) in the case of new properties or the ITP for second hand properties and the notary and registration expenses and the community fees.

Now if you need financial support from a bank without being resident is also possible. There are loans specifically designed for non residents and also you could opt for the loans the Spanish have with lower interest and covering the 80% of the price of the property.

Another interesting option to consider is to buy properties the bank owns like Solvia does. First because they sell properties with a very competitive real estate marketprice, specially on the coast andsecondly because the rates these property have are also competitive and with good conditions.

These are the legal requirements to become a home owner in Spain. But these requirements won´t search for your home. For this task you should trust a real estate agency, they are the property proffesionals, they know the field, if you work with the right real estate company they will not only find your ideal home but they will also guide you through the entire buying process, making sure everything is in place and if a problem appearead, your real estate agent will find a solution soon.

Naranja Spain is a real estate agency located in Guardamar del Segura, Alicante in the south Costa Blanca.

We sell properties on the coast of Guardamar and surroundings, also we have for sale houses and villas in the countryside and by the beach, apartments by the sea and plots of land for you to build and design your own house to your like. We know and work with the best promoters in the area so our catalog of new properties is very complete. We are a family run company and have been working in the Guardamar area for more tan 15 years and we know the local people so they trust us to sell their homes. We care for the community and always promote to improve the local area. We sell with love.

If you would like to meet us, please pass by our office in Pais Valenciano 92 in Guardamar del Segura town, give us a call or drop us an email to info@naranjaspain.es. We will be please to meet you, give you advice and finding your dream home.