How long does it take to buy property in Spain?

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Accepted Answer

The timeline for buying property in Spain typically ranges from 4 to 12 weeks from making an offer to completion, though it can be faster or slower depending on circumstances. A cash purchase with no complications can complete in as little as 4-6 weeks. If you need a mortgage, expect 6-10 weeks as banks require additional documentation and valuations. New-build properties purchased off-plan may take 12-24 months until completion, depending on the construction stage. Key timeline milestones: reservation deposit and due diligence (1-2 weeks), arras contract signing (week 2-3), mortgage approval if applicable (weeks 3-6), notary appointment preparation (week 4-8), and final completion (week 6-12). Factors that can delay: obtaining your NIE number, bank transfer processing times, mortgage approval, resolving any legal issues discovered during due diligence, or coordinating multiple parties' schedules. WOW-Estates works to streamline the process and keep everything on track.