buying process

What are the steps to buy property in Spain as a foreigner?

Buying property in Spain as a foreigner involves these key steps: 1) Research and property search — define your requirements, budget, and preferred location.

WOW-Estates helps match you with ideal properties. 2) Property viewings — visit shortlisted properties, we arrange viewing trips. 3) Obtain a NIE number — your foreigner's identification number needed for all transactions. 4) Open a Spanish bank account — required for payments and ongoing costs. 5) Hire a lawyer — independent legal representation to protect your interests. 6) Make a reservation deposit — typically €3,000-€10,000 to secure the property. 7) Due diligence — your lawyer checks the property title, debts, planning permissions, and legal status. 8) Sign the private purchase contract (contrato de arras) — pay 10% deposit. 9) Arrange financing if needed — apply for a Spanish mortgage. 10) Sign the escritura at the notary — final completion, ownership transfers. 11) Pay taxes and register the property at the Land Registry. 12) Set up utilities, insurance, and community payments.

The entire process typically takes 4-12 weeks from reservation to completion.

WOW-Estates manages every step, coordinating with lawyers, banks, and notaries.