How to Buy a Luxury Property in Spain
Buying a luxury property in Spain is an exciting journey, from discovering dreamy locations to stepping inside some of the most exclusive homes on the market. But for international buyers, the process can feel complex without a clear understanding of Spain’s legal requirements.
Here’s how to make your purchase smooth and enjoyable.
Why Invest in Spain?
Spain’s irresistible mix of modern living and traditional charm makes it one of the world’s top luxury destinations. Whether you’re drawn to the sunny Costa del Sol, the tranquil Balearic Islands or the vibrant city life of Madrid and Barcelona, there’s something for every lifestyle.
With favourable tax advantages, a resilient property market and the (soon-to-end) Golden Visa programme, Spain continues to attract high-net-worth buyers from across the globe.
Step-by-Step Buying Process
- Choose the right location
Each region offers its own magic, Marbella’s glamour and golf resorts, Ibiza’s sea-view villas, or Madrid’s elegant city apartments. Your choice depends on your lifestyle, investment goals and accessibility needs. - Work with a trusted real estate agent
A luxury-focused agent will guide you through off-market listings, negotiate on your behalf and simplify every step of the process. - Hire a bilingual lawyer
An experienced real estate lawyer ensures your investment is legally sound. They’ll check property records, confirm ownership, and review any restrictions, especially if you plan to renovate. - Secure your financing
Non-residents can usually get a mortgage covering 60–70% of the property value. You’ll need proof of income, bank statements, and a Spanish bank account. Don’t forget to budget an extra 10–15% for taxes and fees. - Final signing before a notary
The purchase is completed when both parties (or their representatives) sign the deed at the notary’s office. After paying the remaining balance and taxes, the property officially becomes yours.
Common Mistakes to Avoid
- Skipping legal checks, it’s the quickest way to get into trouble.
- Underestimating taxes and maintenance costs.
- Ignoring resale potential, location and amenities are everything in the long run.
Legal Essentials for Non-Residents
You’ll need a NIE (Foreign Identification Number) to buy property in Spain. Make sure the property is debt-free and that all documents are verified by your lawyer. Depending on whether it’s a new build or resale, you’ll pay VAT or Transfer Tax (ITP).
Managing Your Luxury Property
Owning a luxury home means keeping it pristine. Many international buyers hire property management companies to handle maintenance, especially for second homes or rental properties.
In hotspots like the Costa del Sol and the Balearic Islands, high-season rental income can be an added bonus.
In Summary
Buying a luxury property in Spain is not just a financial investment, it’s a lifestyle choice. From seaside villas to city penthouses, Spain offers the perfect mix of beauty, culture and comfort. With the right team by your side, your dream home under the Spanish sun is closer than you think.
Start Exploring Your Dream Home in Spain
Now that you know the steps, why not see what’s out there? From coastal villas to elegant city apartments, Spain’s luxury market is full of incredible opportunities.
Browse our curated selection of luxury properties and get inspired for your next move.