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Buying a property in Costa del Sol? Here’s our guide to the legal requirements for purchasing a property in Spain as a foreigner.

Date: 03/21/2023

English speaking lawyer, Malaga,Nerja, Fuengirola. Sanchez Solicitors

Costa del Sol is known for its unique climate, nature, great food and friendly people. It also becomes a second or even first home for many - especially now when so many possibilities open up with remote working.

 

Nevertheless purchasing property in Spain as a foreigner can be a complex process, as there are a number of legal requirements that must be met.

 

One of the most important steps in the process is hiring a qualified lawyer who is familiar with the laws and regulations related to property purchases in this area.  This way you gain a peace of mind and knowledge that the right person can help you to ensure that the transaction is completed in compliance with all applicable local laws and regulations.

 

Whether you are a cash buyer, or you would like to apply for a mortgage the best idea is to contact a qualified lawyer expert in real estate.  
 

There are different factors that the lawyer would check that also depends on kind of property that you would like to purchase:

 

 

 

 

It is relevant to remind that the finish of the process it’s the signing of a title deed which shall be duly registered in the land registry. To fill the public title deed signing it on behalf or jointly a client it’s the result of the successful legal search. 

 

Apart from legal factors there are also administrative tasks that should be taken upon. One of the most important ones is the NIE number which is an identification number for tax purposes. Usually a lawyer is able to get this number for you through a power of attorney. Otherwise you should arrange an appointment at the local police station and present your application in person. 

 

Additionally, foreign buyers shall also open a bank account in Spain in order to complete the purchase and to handle any necessary payments during the process - a qualified lawyer will handle the process for you as well as post buying services: changing electricity contract, water, Internet provider, registration for the payments at the town hall. Sometimes the bureaucracy in Spain can be overwhelming and a qualified attorney will make your life as a buyer much easier. 

 

Whenever you feel ready to purchase a property either in Malaga, Nerja, Fuengirola or Marbella or anywhere in Costa del Sol really, Sánchez Solicitors team is ready to assist you. You can reach out to us here.

 

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