(Guide to legal process, taxes, and residency options)
Buying property in Spain can feel overwhelming, but with the right guidance the process is smooth and rewarding. Here are the essentials you should know:
- Hire a qualified lawyer – A local real estate attorney will help you review contracts, check the property’s legal status, and ensure a secure purchase.
- Understand the taxes – As a foreign buyer, you’ll need to pay the Property Transfer Tax (ITP) on resales or VAT on new builds, as well as notary and registry fees.
- Get a NIE number – This identification number is required for all official transactions in Spain, including opening a bank account and signing a deed.
- Residency options – While buying a property doesn’t automatically grant you residency, many Americans apply for Spain’s Non-Lucrative Visa or the Golden Visa if investing over €500,000.
✔️ With the right team, purchasing your dream home in Asturias is a safe, structured, and enjoyable process.