Overview of the Real Estate Buying Process in Spain
1. You like a property
We are glad to see that you are interested in a property published on HalloCasa. At HalloCasa you will be able to use a large number of tools in order to understand the process of purchasing your property. In addition to this, you will be able to find general information about the property and investigate in detail about the environment and infrastructure of the property. HalloCasa will illustrate available documents and other additional information that will facilitate your purchase process.
2. Contacting the Seller
In Spain, property sales are made directly through owners or intermediaries such as real estate agents. HalloCasa will indicate the language in which you will be able to communicate with the contact person.
3. You will receive detailed information about the property
The seller will send all available and necessary documents to you. Without a doubt, a visit to the property could be of interest to you.
4. You negotiate the contract and the purchase price
Contract negotiations are usually processes in which both parties gradually approach each other. It is important to bear in mind that in Spain specific conditions of the sales contract apply, so it would be useful to know their details. Here, our notes relating to additional purchase costs in our frequently asked questions, this might be interesting for you.
5. You sign the contract and make the payment
You are about to acquire your property! You sign the contract, either personally in Spain or through an authorized representative of the country of origin.
6. You become the owner of the property
Your property is registered in your name in the Land Registry. Congratulations! You recognise that Spain has great potential, and you believe that this is a promising country. We are happy for you! Enjoy your property.
Detailed Purchase Process
1. You like a property
For each property, you will find information on the following topics:
- The property
- Additional information
2. Contact the owner/agent
Methods of contacting the owner/agent:
- Via a personal message on HalloCasa
- Pay attention to the details of the owner/agent’s language skills.
3. Information Transfer
Simple Registry Note (“Nota simple Registral”):
- This document is the extract of the information contained in the Land Registry on a property or real estate.
- In this document it is stated that the property has no charges, taxes, censuses, embargoes, resolutory conditions or any other debt to be paid.
Last receipt of the contribution or Real Estate Tax (“Último recibo de la contribución o Impuesto sobre Bienes Inmuebles”, or “IBI”):
- This is a local tax and therefore imposed by the Town Hall, which taxes the ownership and the real rights which the holder has on a property.
- This tax is assumed by the owner of the dwelling on the first of January of each year.
Community of Neighbors Proof (“Justificante en la Comunidad de Vecinos”):
- This is a document issued by the community of neighbors in which the property is located
- It certifies that the property is up to date with the payment of community fees and that there is no fee or extraordinary repair pending to cancel.
- Along with this document, the legal owner or agent can send you a list of those obligations that you must take on with the community once you are the new owner of that property.
Last public services´s bill:
- Electricity, water, gas and telephone, if applicable
Energy Efficiency Certificate:
- This is a certificate that indicates the energy efficiency of a building or a dwelling.
The legal owner or his real estate agent must provide you with a statement of such payments and, in support, a copy of the respective receipts or invoices evidencing payment. Examples of such documents can be downloaded in the Downloads section.
Optional: If you buy directly from the legal owner, we recommend that you consult an attorney, have all documents translated and certified before they are sent to you. Below, you will find a link to the official translators.
4. In case of requesting an appraisal
On HalloCasa you can contact real estate experts and appraisers. You will find a list of several appraisers who must not belong to and act not on behalf of individuals but of an appraisal society approved and supervised by the Bank of Spain, with appropriate information:
- Name of Appraiser
- Contact Details
- Available languages
Professional appraisers in Spain must belong to an appraisal company approved by the Bank of Spain (Info in English).
5. Signing of the sales promise contract
- The market price (or actual value)
- The value of the appraisal (optional)
- The environment
You or your representative signs the promissory sales contract. The fundamental parts of this contract are:
Full identification of buyer and seller:
- Foreigners are identified in Spain with the Foreigner Identity Number (NIE), which is a code for the tax identification of foreigners in Spain. It is possible to apply for the NIE in person or through an authorised representative before the Government delegations and sub-delegations.
From abroad it is also possible to process this document in the immigration offices.
Detailed description of the property:
The cadastral (land registry) reference:
- This is the official and obligatory identifier of the real estate.
- This is a mandatory and official document for all real estate.
Unique registry code (C.R.U.) or the Unique Identifier of Registry (IDUFIR):
- This is an identification number the properties and estates. This code is created automatically at the moment of registering a house or when registering it in the Property Registry of Spain.
VERY IMPORTANT: if the property was registered before August 2016 the code will be called IDUFIR. If it was after that date it will be called CRU.
Value of the property and method of payment:
- The value of the penalty clause must be stipulated in the event of non-compliance by either party.
The notary’s office (notary:)
- In which the definitive deed will be signed, as well as the date and hour of this signature, must appear.
- The distribution of these expenses, taxes, and any other expenses caused by the process of buying and selling must be stipulated.
For real estate purchase rates in Spain, see the section“What are the transaction costs (notary fees, taxes, transfer costs)?” in our Frequently Asked Questions below.
In the event that you make the purchase directly with the legal owner, ask an attorney to translate and certify all documents. Make sure you have a copy of these. In the future HalloCasa will provide you with a list of translators for you to contact.
Under Downloads you can download examples of these documents.
6. You transfer the money to a Spanish bank account
To make a bank transfer, you have several options:
Have your own account in a Spanish bank or someone in Spain with a Spanish bank account.
If you do not have a Spanish bank account, you will need a representative to whose account the money can be transferred. Preferably a person other than the owner and absolutely trustworthy. To this end, the document “Example_Power of a Representative.pdf” in Downloads may be of help to you.
Bank transfer from abroad to Spain, either to your previously opened account or to that of your representative or acquaintance, the information you should know at the time of making the transfer from abroad is:
- The International Bank Account Number (IBAN) of the chosen bank.
- The SWIFT code of the chosen bank.
- Beneficiary’s full name: Same as registered in the account.
- Number of the national account that in Spain identifies the entity, the branch, the account and the control digits.
7. You can buy from abroad or from Spain:
7.1 Option 1: You travel to Spain
Before traveling, it is ideal to confirm in advance the time you will need to carry out the entire business. Remember to bring all the necessary documentation. Consult your bank about the best option to transfer money to Spain in agreement with the seller.
7.2 Option 2: You buy from abroad
In this case, you must grant a power of attorney to a representative in Spain, complying with the requirements previously indicated. Since this document must be legalized at the Spanish consulate closest to your place of residence, we suggest that you contact this consulate so that the document complies with all the conditions that they demand. In this way you will save time and will be able to advance in the process.
In Downloads you can download an example of a power of attorney of this type.
8. When signing the contract in Spain
- The notary’s office checks all documents (see Downloads).
- You sign the contract.
- You make the negotiated payment.
- At the agreed date, place and before a notary public, you and the seller or broker in case it is done through an intermediary, will meet to sign the deed. To do so is the legal celebration of the transfer of title to the property. After signing, you will transfer or deliver the agreed-upon money.
9. When signing the contract abroad
- The notary checks all the documents.
- Your representative signs the deed and makes the agreed payment.
10. Registration of the Deed
- Seller and buyer must present themselves to the Notary’s office (which they have previously and freely chosen) in order to grant a Public Deed of Sale.
- They pay the corresponding taxes (Transfer Tax and Stamp Duty or Value Added Tax (VAT), as the case may be and is presented at the competent Services of the Autonomous Communities of Spain (CCAA) or at the Liquidation Offices of the Property Registries.
- They present all the documentation in the Land Registry. The registry can take up to 15 days to register the sale and return the registered documentation to the interested party.
11. Opening a bank account in Spain
If you plan to visit Spain at any time to visit properties, you can open a bank account, so that you can later pay for the property via a certified cheque or by bank transfer through the Bank of Spain.
Account opening requirements:
For the opening of bank accounts by foreigners, Spanish legislation recognises two types of foreigners: residents (who have a residence permit) and non-residents.
- In the case of foreign residents:
- In order to open a bank account they must identify themselves with the foreigner’s identity number (NIE).
- In the case of non-resident foreigners:
- They must present a certificate of non-residency requested at any National Police station. Also present your DNI of your country of residence and passport.
Please note that not all banks provide the service of opening savings accounts to foreigners. For this reason, HalloCasa recommends that before opening an account, you ask for information about the fees the bank will charge for its services: deposit funds, receive or send transfers, issue certificates, etc.
Under Downloads you can download the form to open a savings account if you choose to do so personally. Please note that not all banks provide this service to foreigners.
What are the costs for buying and selling a property in Spain?
According to Spanish law, the buyer assumes almost all notary costs, as the seller only assumes the municipal capital gain and the original deed.
The costs of buying and selling a property are as follows:
- Public deed in the notary’s office:
- Between 10% and 13% is paid for notary fees, taxes and registration.
- Inscription in the Registry of the Property:
- The fees of the registry depend on the value that is granted to housing.
- Value Added Tax (IVA):
- 10% is payable only if the property is purchased for the first time.
- Tax on Documented Legal Acts (IAJD):
- This is 4%. This is generated by signing at it the notary and then registering in the Register.
- Transfer Tax (ITP):
- This tax ranges between 6% and 10%, depending on the Autonomous Community in which the property is located.
- Real Estate Tax (IBI):
- Paid to the Town Hall of the respective community in which the property is located.
- The tax rate depends on the property and varies between 0.4% and 1.10%.
- Municipal capital gain:
- This is calculated taking into account the cadastral value and the number of years which the seller has owned the property (has a maximum limit of 20 years) and may not be less than 1 year.
- Value Added Tax (IVA):
- Hiring a lawyer:
- The usual price ranges from 1,500 € to 3,000 €, but depends on the complexity of the purchase of property and the payment in installments that you agree with the professional.
Where can I find Spanish real estate financing?
- For non-resident foreigners in Spain:
- Entities are more receptive to non-resident foreign investors from countries such as Western Europe, USA, and Canada.
- The foreigners who have more offer for this type of mortgage loans are the British and Germans.
Normally, the tendency of banks is not to grant non-residents financing above 80% or even 60% of the purchase-sale price of the home. This means that the non-resident foreigner interested in acquiring real estate, must have money saved to pay the expenses that are reached to cover with the financing.
- For foreign legal residents in Spain:
- Once you have resolved your migratory situation in Spain and you are a legal resident, be it a local, state or private bank, they can provide you with a mortgage loan.
- Conditions of mortgage loans for foreigners in Spain:
- Open a current account at the bank based in Spain where you wish to take out the mortgage.
- Certify your level of indebtedness:
- This may not exceed 30% or 35% of your usual income; that is, the amount resulting from adding up the instalment of your future mortgage and the instalments of other existing debts may not exceed this limit.
- The age of the applicant must not exceed 70 years before the maturity of the mortgage.
- Maximum debt repayment terms, for non-residents, rarely exceed 20 years.
- The contracting of a mortgage involves a series of complementary expenses such as notary, registry, agency and taxes.
- All this usually represents between 8% and 13% of the price of the house.
About the Spanish real estate market:
How liquid is the market?
Investing in Spain in the purchase of a home and then putting it into income does not stop being a good business; although it is an investment that offers less liquidity than the Stock Exchange, its profitability is much higher than other investments such as fixed income or bank deposits.
According to the Bank of Spain, the average profitability of buying a property and then putting it to rent occupied 10.4% in the second quarter of 2018.
The expansion in supply, demand and prices in 2018 of the Spanish real estate market, makes Spain one of the most attractive countries in the world to live in, and the real estate market is undoubtedly a sector on the rise. The overall price of housing in Spain is expected to grow by around 6% in 2018 and 2019. It is highest in Barcelona and Madrid, and in tourist capitals such as Malaga or the Balearic Islands, which will reach increases of up to 10%.
Foreign population in Spain:
Foreign interest in the Spanish real estate market remains on the rise. According to reports from the College of Registrars, the purchase of homes by foreign investors represented 13% of the total, between the first quarter of 2018, exceeding 16,500 transactions.
Of those 16,500 operations:
- 15% were executed by British citizens.
- 7.85% were executed by German citizens.
- 7.64% were executed by French citizens.
- 6.83% were executed by Belgian citizens.
- 6.57% were executed by Swedish citizens.
- 5.77% were executed by Italian citizens.
- 5.41% were executed by Romanian citizens.
Resident vs. non-resident foreign investors:
Below you can see the areas of greatest preference for foreign real estate investment in Spain and the percentage of participation according to the nationality of the investor:
The purchase in Valencia by foreign residents is represented as follows:
- 12% for foreigners United Kingdom
- 12% for Romanian foreigners
The purchase in Andalucia by foreign residents is represented as follows:
- 16% by British foreigners
- 16% for Moroccan foreigners
Purchases in Cataluña by foreign residents are represented as follows:
- 13% for Moroccan foreigners
- 10% for French foreigners
The purchase in Madrid by foreign residents is represented as follows:
- 19% by Romanian foreigners
The purchase in the Canary Islands by foreign residents is represented as
- 31% for Italian foreigners
- 12% for German foreigners
Purchases in Valencia by non-resident foreigners are represented as follows:
- 21% for British foreigners
- 14% by Swedish foreigners
Purchases in Andalucia by non-resident foreigners are represented as such:
- 28% for British foreigners
- 13% by Swedish foreigners
Purchases in Cataluña by non-resident foreigners are represented in this way:
- 44% by French foreigners
- 7% for German foreigners
Purchases in Madrid by non-resident foreigners are represented as follows:
- 18% for Chinese foreigners
- 7% for Italian foreigners
Purchases in the Canary Islandsby non-resident foreigners are represented in this way:
- 20% for German foreigners
- 20% for Italian foreigners
How has the Spanish real estate market developed in recent years?
For the beginning of 2018 the Spanish real estate sector was prepared for a year of high activity. The low interest rates, the high liquidity and the potential of the Spanish real estate sector continues to make the country an interesting investment alternative to other markets and/or products.
Which are the sectors that aroused interest among investors during 2018?
- Hotel sector
- Logistics sector
- Residential sector for rent
- Student Residences
In the office sector in particular, in 2017 contracting in the capital of Madrid exceeded 600,000 m², the best figure in recent years.
In the last year, there have been 494,263 home sales, reaching half a million purchase-sales annually.
According to data from the Ministry of Development, luxury real estate transactions (those exceeding 900,000 euros) would increase by 34% during 2017.
Living in Spain
The following types of housing are common in Spain:
- These are all dwellings located in buildings and their primary objective is to reside. They can be of 1 or 2 bedrooms, and include living room, kitchen and one or perhaps more bathrooms, depending on your built area. They can include common or private terrace or balcony.
Buildings in tourist areas are usually in the city centre, close to the beach or golf club. Normally they have a common area with swimming pool, green area, children’s playground, parking spaces, gyms, tennis courts, etc.
- This is an apartment without bedrooms. They include nothing more than living room, kitchen, and bathroom. In many countries this type of housing is known as mono-environment.
- This is a two-storey residential complex in which the ground floor apartment belongs to one owner and the second to another, each with its own independent entrance. The garden belongs to the ground floor, the balcony to the next floor.
- A house built in a series of two or three floors for four or more owners, each with its small garden and a solarium.
- This is a small one or two-storey house for one owner or, a larger one for two owners. Each with its own entrance and separated from each other by a common wall or sometimes by a garage. It can have one, two or three bedrooms, one or two bathrooms, kitchen, living room.
- This is an independent house of a single owner. It includes several bedrooms and bathrooms, large terrace or basement. On the plot*, it has its own swimming pool, garden, garage.
*In Spain it is understood by plot, an area of land physically delimited, coming from a larger one. This is defined geometrically by the closed perimeter of the legal right of the property.
- All those that are not residential (for housing): offices, hotels, gas stations, shops, cafeterias, restaurants and others.
What are "Strata"?
In Spain we do not speak of socio-economic strata (as happens in several Latin American countries for example) but of Social Classes.
According to the European Socioeconomic Classification the society is divided into 10 social classes and the grouping is done in 4 categories:
- New middle class
- Old middle class (petite bourgeoisie)
- New working class (New proletariat)
- Old working class
- Class 1: Large employers (+10 workers), top managers of companies and public administration and top professionals.
- Class 2: Low-level managers and professionals and senior technicians; occupations such as teacher, social worker or nursing staff.
- Class 3: High-level white-collar employees. The occupations that stand out are administrative employees.
- Class 4 and 5: Small employers and non-professional self-employed workers.
- Class 6: Lower-ranking supervisors and technicians. This class includes skilled manual work occupations such as attendants, bosses or foremen.
- Class 7: Workers in commerce and lower-ranking services. Its members perform non-manual work and their employment relationships are regulated by employment contracts.
- Class 8: Skilled manual workers. The specificity of the qualifications required is relatively high and employers have some problems in supervising the quality of work.
- Class 9: Unskilled workers. This class includes those engaged in so-called elementary occupations, sometimes also called routine occupations.
- Class 10: Job seekers with no previous work experience and the long-term unemployed.
Legal Matters :
How do I, as a non-residential foreigner in Spain, have to declare my rental income and pay Personal Income Tax (IRPF) before the State Tax Administration Agency (AEAT)?
Individuals who obtain income in Spain (i.e., who earn money in operations), with tax residence in a foreign country must declare, and those income related to the profitability of real estate in Spanish territory, are undoubtedly subject to the payment of personal income tax. (Source)
What documentation do I need to complete in order to file my tax return in Spain?
According to the AEAT of Spain (State Tax Administration Agency, ”Agencia Estatal de Administración Tributaria”), there are two models (formats/forms) that you must fill in as a non-resident obliged to pay the income:
- For the self-assessment of Income Tax for non-residents without permanent establishment (See Here)
- This model is for all non-resident foreigners who obtain income from properties acquired in Spain.
- You will have to declare the full yield without the possibility of deductions on any expense.
- The only exception (to deduct demonstrable expenses related to your activity as a landlord) is for non-residents of other European Union states, Iceland and Norway.
- Non-residents who want to sell their property bought in Spain must also declare and assume the IRPF also with the same model 210, and there record both profits and verifiable losses.
Non-Resident Income Tax (IRNR). Self-assessment / Income document for the Withholding in the acquisition of real estate from non-residents without permanent establishment (See Here)
In addition to Model 210, a nonresident foreigner who decides to sell his or her property must pay a percentage to the Treasury and this is how it works:
- If you are a non-resident foreigner in Spain with property in this country, when you wish to sell it, the buyer must retain an equivalent to 3% of the purchase price in order to pay it into the Treasury. The declaration of this withholding, and subsequent payment, must be made through model 211.
- The copy of this payment must be given to the non-resident so that he can deduct it when declaring the profit (through model 210) obtained by the transfer.
Is there a limit on the amount or price of investments?
Law 14/2013, of 27 September, on support for entrepreneurs and their internationalization says in its Article 63 and 64, according to the real estate investment and the respective visas required, the following: (Complete Law)
Note: the following text is transcribed as found in the law.
Residence visa for investors:
Non-resident foreigners who intend to enter Spanish territory for the purpose of making a significant capital investment may apply for a visa for stay, or where appropriate, for residence for investors which will have a duration of one year.
The acquisition of real estate in Spain with an investment value equal to or greater than 500,000 euros for each applicant.
Article 64: Form of accreditation of the investment.
The interested party will obtain a residence visa for investors with a maximum duration of 6 months.
If the foreigner has not formalised the purchase of the property or properties but there is a pre-contract with a guarantee of compliance by means of a deposit, he must present the following together with compliance with the requirements indicated in article 62.3:
- The pre-contract with guarantee
- Certificate from a financial institution established in Spain stating that the applicant has an unavailable bank deposit with the necessary amount for the purchase, fulfilling the contract, of the property or properties indicated, including charges and taxes.
- The amount of the deposit may only be used for the final purchase of the property or properties indicated in the pre-contract with guarantee.
- If, at the time of applying for the visa, the acquisition of the property is in the process of being registered in the Land Registry, the presentation of the aforementioned certificate in which the entry of the presentation of the acquisition document is valid, accompanied by documentation accrediting the payment of the corresponding taxes, will be sufficient.
- The applicant must prove to have an investment in real estate of 500,000 euros free of any charge or encumbrance. The part of the investment that exceeds the required amount may be subject to a charge or encumbrance.
What kind of real estate can a foreigner acquire in Spain?
For any type of property in Spain that is being bought by foreigners, national defence legislation must be taken into account.
In strategic areas, prior authorisation from the military authorities is required for foreigners (residents and non-residents) wishing to purchase a home.
- TAround Cartagena
- The Strait of Gibraltar
- Cadiz Bay, Galicia
- Areas bordering Portugal or France
- The islands and Ceuta and Melilla
They are applied to the land along the seashore (may include inland waters), inland by about 100 meters.
These lands are classified as public domain, so you can buy a house there, you can renovate it (restore it) but not affect the size of the building, neither horizontally, nor vertically.
How do I know that the property I’m interested in is located in the public domain?
To find out, you must go to the coast service or the Town Hall. Or directly to a Land Registry office.
Once you have purchased a property located in the public domain, at the time the deed is granted, you must give the notary a certificate of the Coastal Demarcation so that he knows if the property is within or adjacent to the public domain, and thus be able to know any restrictions if any.
What immigration policies apply to foreigners? Can I bring my family in case of emergency?
The Law on Foreigners is the name given to Organic Law 4/2000, of 11 January, on the Rights and Freedoms of Foreigners in Spain and their Social Integration. It is the official document that regulates the rights and duties of foreigners in Spain, whose main objective is to expose those principles that favour legal immigration.More info Here.
To make real estate investments in Spain you must take into account a very important aspect: the visa you need to apply for.
For this case we inform you about two ways to buy a real estate in Spain being a foreigner:
- The Gold Visa (Golden Visa)
- Short-stay visa
The Golden Visa or Residence Visa for Acquisition of Real Estate (RIV)
The Golden Visa is an excellent alternative to obtain a residence permit in Spain in exchange for an economic investment in this country.
You can apply for this type of visa only in the following cases:
- Acquiring public debt for more than 2 million Euros or Bank Deposits for amounts greater than one million Euros.
- Business project that can be real estate and is considered of General Interest. In addition to creating new jobs.
- Make a Real Estate Investment in Spain worth more than €500,000.
- To project a real estate investment with socioeconomic impact in the geographical area where it is going to be developed.
More info Here: benefits, requirements and conditions.
You can apply for this visa in two ways:
- After buying a home or property
- Before buying a home or property
You can apply in person or through the representative you have hired and who is duly accredited for this process.
Conditions for this visa:
- The application for this visa must be submitted a maximum of 90 days prior to the planned date of travel.
- The period of validity of the visa will be:
- 365 days, if the purchase of the property has already been formalized.
- 6 months if the purchase has not yet been formalized but there is a pre-contract with guarantee of compliance by means of a deposit or other means formalized in public deed.
Find out more Here: necessary documents and more information
Registration (Census registration)
This registration is a census which is carried out by all the town councils in Spain for basically statistical purposes, on all citizens residing in a given locality.
We recommend that you do this if you are going to live in the property you have purchased:
- You can register as a foreigner if you have a residence or residence permit, if you have a resident card of a community relative, or if you are in a tourist situation.
- You can renew it every two years, as long as you do not have a long-stay visa.
- If you are going to stay more than 3 months in Spain and you have a residence permit, the census will allow you to check your residence time, to apply for Spanish nationality if you meet all the requirements and also to register with the social security.
- Identity Document
- Passport copy and original
- Address of your place of residence
- Individual or Collective Registration Form
Learn more about requirements and benefits Here
Short-stay visa or Schengen Visa
This visa allows you to stay in Spain and the rest of the Schengen States for no longer than three months (90 days).
Can I take my family in case of emergency?
In some sensitive cases, you should ask the local authorities to contact the Spanish consular office, as well as your family to ask them to call the Ministry of Foreign Affairs and Cooperation to inform them of the steps to be taken.
The Service of Attention to the Foreign Tourist (SATE) offers tourists visiting Madrid, for example, personalised assistance in the event of any incident requiring their presence at the police station.
This assistance is provided by specialised personnel from the official tourist organisation and the security forces:
- A Tourism Attention Unit in Terminal 4 (T4) of Adolfo Suárez-Madrid-Barajas Airport.
- A Video Security Unit: located in the headquarters of the Madrid Municipal Police Headquarters (Albarracín, 31) from which the existing security cameras in the city will be controlled.
In addition, Madrid has diplomatic representation for almost every country in the world.
Health care for a foreigner who comes from a non-EU country
In case of emergency due to illness or accident, if you are from Switzerland, Norway, Iceland or Liechtenstein, you will have the same health benefits as foreign EU members.Frequently Asked Questions about Medical Coverage.
Countries with which Spain has bilateral agreements:
They will also receive free medical and hospital assistance in case of emergency due to illness or accident, for which they must issue the corresponding certificate for their country. If you do not have one, you will have to pay the costs, but your membership organisation will then reimburse you for the costs by presenting the invoices.
Is there a reliable property manager on the site?
HalloCasa provides you with a list of property managers.
Can I transfer money from Spain to my home country?
Spanish regulations do not place any limit on the amount of money that can be transferred, however, it is ultimately up to the banks to decide what limits to place as a commercial policy.
What is important for Spain is that you justify the origin of the funds to be transferred and that you comply with the requirements established for specific amounts.
The content of each of these links is in Spanish.
Purchase and sale process: expenses and generalities (Information published in 2018):
Bank accounts in Spain:
Real Estate Statistics:
Types of housing:
This text, which was created by HalloCasa, is not a consultation. HalloCasa excludes any liability.
HalloCasa, the international real estate marketplace. The main mission of the platform is to help foreigners to invest in other countries and facilitate the international sale of properties.