Alneka Real Estate

Frequently Asked Questions

If you want to reserve a new-built property from a developer, you’ll need to make a down payment of about 3,000 to 6,000 euros. However, the initial deposit usually ranges from about 10% if you’re buying a resale property. Nevertheless, the final amount can vary depending on the terms offered by a seller.

Non-residents of Spain can obtain a mortgage of up to 60-70% of the property price. Typically, banks’ terms include financing up to 60-70% of the property price for up to 25-30 years. However, each bank has its terms and requirements, so it is recommended to consult with several banks to find the most suitable conditions. Our company will help you choose the best mortgage program and arrange documents for obtaining a mortgage loan. Among our partners – only trusted Spanish banks.

To buy a property in Spain, you will typically need the following documents:

  • Your passport or any other identity document.
  • NIE (Número de Identificación de Extranjero) – Foreigner Identification Number.
  • Proof of financial solvency (e.g., income statement or bank statement).
  • You may also need a property appraisal if you are taking a mortgage.

When buying a property in Spain, you should consider the following costs:

  • Property transfer tax – from 6% to 10%, depending on the region.
  • Notary and registration fees – usually about 1-2% of the property price.
  • Legal assistance costs – usually 1-2% of the property price.

The Golden Visa (Investor Visa) is a unique program for investors that grants residency rights in Spain and freedom of movement within the Schengen Agreement countries. To get this visa, you must invest at least 500,000 euros in property in Spain. It can be a single or several properties worth at least €500,000.

 

When selling property in Spain, you must pay a capital gain tax. The tax amount depends on the sale price and the time of property ownership. If you are a non-resident of Spain, you must also pay 3% of the sale price as a security for potential tax liabilities.

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Alneka Real Estate
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