Yes, foreigners can legally buy property in Spain. All you need is a NIE number (foreigner identification number), which is required to conclude the transaction.

The price of the property includes, among others:

• Property Transfer Tax (ITP) or VAT (IVA) – depending on the type of property,
• Notary and registry fees,
• Lawyer’s fees (if you use one).

If the documentation is complete, the entire process can take from 4 to 8 weeks – from the moment of booking the property to signing the notarial deed.

Yes, banks in Spain offer loans to non-residents – usually up to 60-70% of the property value. Documents confirming income and creditworthiness are required.

• NIE number,
• Passport or ID card,
• Funds for purchase (or credit approval),
• Reservation/preliminary agreement.

No, you can give a power of attorney to a lawyer or agent who will sign the documents on your behalf.

Yes, you should include:
• IBI (property tax) – annual fee for the municipality,
• Community fees (if the apartment is part of an urbanization),
• Utilities and insurance.

Depending on the location, type of property and rental strategy, the ROI can range from 6% to 10% per year. The greatest potential for return is provided by tourist properties in popular regions (Costa del Sol, Costa Blanca, Balearic Islands).
9. Will the property increase in value?
In many areas of Spain, prices are rising steadily, especially in cities, tourist resorts and areas popular with foreigners. Spain remains an attractive long-term market.

Yes, it is possible to buy through a company (e.g. LTD, SL), but this involves additional accounting and tax requirements. This form can be beneficial for larger investments.