At Orience, we are experts in international mobility and investment residency. We understand the unique needs of digital nomads, investors and businesses looking to settle in Spain. In this article, we will provide you with a comprehensive and detailed guide to buying property in Spain as a foreigner, highlighting our experience and expertise in the field.
Legal Requirements
Foreigner Identification Number (NIE)
The NIE is a unique number that identifies foreigners in Spain. It is necessary to open a bank account, sign a purchase contract and pay taxes. At Orience, we assist you in applying for and obtaining your NIE, coordinating appointments and preparing all the necessary documentation.
Hiring a Specialized Lawyer
We strongly recommend having a lawyer who speaks your language and specializes in the Spanish legal system. At Orience, we work with trusted lawyers who will thoroughly review all the legal documents, ensuring that there are no hidden charges on the property and that the transaction is carried out in a transparent and secure manner.
Find the Ideal Property
Customized Market Research
Our team at Orience analyses the real estate market based on your preferences and needs, considering factors such as location, property type, budget and appreciation potential. We provide you with a detailed report of the available options, including price analysis and market trends.
Property viewings organized
We coordinate and accompany visits to selected properties, offering an expert perspective on the property’s condition, resale value and possible renovations required. Our aim is that you have all the information you need to make an informed decision.
Financing
Mortgage options for foreigners
We advise you on the different financing options available in Spain for foreigners. At Orience, we negotiate with the banks on your behalf to obtain the most favorable conditions and explain in detail the differences between the offers, including interest rates, terms and requirements.
The Detailed Purchase Process
Contract of Purchase
This contract sets out the terms and conditions of the sale, including price, delivery date and the responsibilities of both parties. At Orience, we review this contract with you, ensuring that you understand each clause and that your interests are protected.
Notary and Registration
The purchase contract is signed before a notary public in Spain. Subsequently, the property must be registered in the corresponding Land Registry. At Orience, we coordinate these appointments and prepare all the necessary documents, ensuring the process is carried out efficiently and without surprises.
Taxes and Additional Costs
Tax Advice
Buying a property in Spain involves various taxes and costs, such as Transfer Tax (ITP) and notary and registry fees. At Orience, we offer you expert tax advice to ensure you are aware of all these costs and to help you plan and minimize your tax burden effectively.
Post-purchase services
Property Management
After the purchase, we can continue to be your trusted partner. At Orience, we offer property management services that include property maintenance, finding qualified tenants and rental management, allowing you to enjoy your investment without worry.
Conclusion
Buying property in Spain as a foreigner is a complex process that requires careful planning and expert advice. At Orience, we are more than just a service company; we are your partner in this journey, committed to making your property-buying experience in Spain as smooth and successful as possible.
With our extensive experience and personalized approach, we are here to guide you every step of the way, from obtaining your NIE to the moment you receive the keys to your new property in Spain.
Trust Orience, your expert guide to international mobility and investment residency in Spain.