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Buying property in Spain as a foreigner: requirements, taxes and costs

What a foreigner needs to buy property in Spain: Key requirement, Purchase tax, Non-residents. 2 projects under construction with 3D tours.

Can a foreigner buy property in Spain?

Key requirement
NIE tax ID — required to sign a deed or apply for a mortgage
Purchase tax
ITP 6–11% (resale) · VAT 10% + AJD 0.5–1.5% (new build)
Non-residents
IRNR tax (Form 210) · rental income 24% gross (non-EU) / 19% (EU)
Financing
Banks lend 60–70% of appraised value to non-residents

Source: pellicerheredia.com, azimuth-digital.com

Frequently asked questions

Key requirement when buying property in Spain

NIE tax ID — required to sign a deed or apply for a mortgage

Purchase tax when buying property in Spain

ITP 6–11% (resale) · VAT 10% + AJD 0.5–1.5% (new build)

Non-residents when buying property in Spain

IRNR tax (Form 210) · rental income 24% gross (non-EU) / 19% (EU)

Financing when buying property in Spain

Banks lend 60–70% of appraised value to non-residents

2 projects under construction in Spain

Compared: buying as a foreigner across the index's 12 countries

Main requirement for foreigners and listed projects, by country
CountryKey pointDetailProjects
Argentina No restrictions Same terms as an Argentine citizen, no prior visa needed 19
Mexico Restricted zone No direct title within 100km of a border / 50km of the coast 13
Spain Key requirement NIE tax ID — required to sign a deed or apply for a mortgage 2
the United States No restrictions No residency, citizenship, or SSN required to buy 25
Uruguay No restrictions Same rights as a local citizen, no prior residency needed 4
Panama No restrictions Same terms as a Panamanian citizen, no local partner or quotas required 16
Colombia Key requirement Passport or foreigner ID + proof of lawful source of funds 11
Paraguay No restrictions Same rights as a Paraguayan citizen, no residency or special visa 7
Peru No restrictions Same property rights as a Peruvian citizen, no prior residency (except within 50km of a border) 2
Ecuador — — 0
Costa Rica — — 0
the Dominican Republic No restrictions No prior residency or citizenship required to buy 2
Investing in other countries:
Argentina · Mexico · the United States · Uruguay · Panama · Colombia · Paraguay · Peru · Ecuador · Costa Rica · the Dominican Republic

Editorial content with cited sources. This is not legal or tax advice. Rules change: always confirm with a local professional before transacting.