Can Foreigners Buy Property in Spain? A Complete Costa del Sol Guide for International Buyers

Quick Summary

  • Foreigners can legally buy property in Spain with the same ownership rights as Spanish citizens
  • EU and non-EU buyers follow the same legal purchase process
  • A NIE number, Spanish bank account, and independent legal representation are mandatory
  • Total purchase costs typically range from 10–13% of the property price
  • Working with a local estate agent like Sunny Coast Homes ensures a secure, informed purchase
  • Costa del Sol property prices remain stable with strong international demand

Can foreigners buy property in Spain? The answer is a confident yes, and the Costa del Sol is one of the most accessible and reliable regions for international buyers.

With over 20 years of experience helping foreign clients, Sunny Coast Homes knows why the Costa del Sol attracts buyers from across Europe, the US, and beyond. The region offers stable property prices, a variety of residential options, and a lifestyle that appeals to both permanent residents and second-home owners.

From family-friendly Mijas and La Cala de Mijas to vibrant Marbella and Estepona, international buyers are choosing the Costa del Sol for security, lifestyle, and long-term value. In this guide, we cover legal requirements, the buying process, costs, market trends, and practical tips to help you purchase property with confidence.

Can Foreigners Legally Buy Property in Spain?

Spain has no restrictions on property ownership for foreign nationals. Whether you are from the EU, United States, Canada, or Australia, you can purchase and own property in your name. Ownership rights are fully protected under Spanish law, provided all legal steps are correctly followed.

Properties are registered through the Spanish Land Registry, guaranteeing security and clarity. Both new-build and resale properties are available, giving buyers flexibility depending on budget, lifestyle, and timing.

Essential Requirements for Foreign Buyers

NIE Number
A NIE number (Número de Identidad de Extranjero) is required to purchase property. This identification number allows you to sign contracts, pay taxes, and open a Spanish bank account. Processing times can vary, so we advise applying early. Sunny Coast Homes can guide clients through this process seamlessly.

Spanish Bank Account
A local bank account is necessary to manage payments, taxes, utility bills, and community fees. While some banks allow remote setup, visiting in person ensures faster account activation and smoother transactions.

Independent Legal Representation
An independent Spanish property lawyer is essential for all international buyers. Lawyers verify ownership, check planning permissions, confirm no debts exist, and review contracts for legal compliance. Sunny Coast Homes works closely with trusted local lawyers to protect buyers at every step.

Step-by-Step Property Buying Process

  1. Property Selection – Identify suitable areas and properties based on lifestyle, budget, and investment goals. Browse our Costa del Sol property listings.
  2. Reservation Agreement – Secure your chosen property and remove it from the market while legal checks are conducted.
  3. Private Purchase Contract – Typically involves a deposit and outlines terms of sale.
  4. Due Diligence – Independent lawyer verifies title, taxes, community fees, and planning permissions.
  5. Completion Before Notary – Final signing and transfer of ownership. Buyers may grant power of attorney if unable to attend in person.
  6. Post-Purchase Support – Renovations, property management setup, and local guidance ensure a smooth transition.

Sunny Coast Homes guides buyers throughout this process, making it transparent and stress-free.

Costs Foreign Buyers Should Expect

Budgeting accurately is essential. Expect additional costs of 10–13% of the purchase price, including:

  • Property Transfer Tax for resale homes or VAT and stamp duty for new builds
  • Notary and Land Registry Fees
  • Legal Representation Fees

Ongoing expenses include property taxes, community fees, utilities, and insurance. Transparent budgeting helps avoid surprises and ensures your property investment remains profitable.

Costa del Sol Property Market Trends

Property Prices

Prices on the Costa del Sol have shown steady, sustainable growth, particularly in prime locations close to beaches and amenities. Stability attracts buyers seeking both lifestyle benefits and long-term value.

Buyer Demand

Foreign buyers continue to show strong interest, including:

  • Lifestyle buyers relocating permanently
  • Second-home owners
  • Retirees
  • Investors seeking rental income

This consistent demand supports market liquidity and protects resale potential.

Why the Costa del Sol Appeals to Foreign Buyers

The Costa del Sol offers a balanced, year-round lifestyle with excellent healthcare, international schools, strong transport links, and a moderate cost of living.

Foreign buyers value the combination of:

  • Reliable property market fundamentals
  • Diverse residential options from apartments to family villas
  • Access to outdoor activities, beaches, and cultural experiences

The region provides both lifestyle enjoyment and a safe long-term investment opportunity.

Luxury coastal property with palm trees and ocean views, representing lifestyle and investment opportunities for international buyers purchasing property in Spain’s Costa del Sol

Why Choose Sunny Coast Homes?

Local Expertise

We focus exclusively on the Costa del Sol, providing unmatched insight into property values, neighborhood dynamics, and market trends.

Experience with International Buyers

Our team understands the unique challenges foreign buyers face. We provide transparent guidance from the initial inquiry to post-purchase support.

Personalized Property Matching

We recommend properties aligned with your goals, whether relocating, investing, or buying a holiday home.

End-to-End Support

We remain by your side after purchase, assisting with renovations, management services, and settling into the local community.

Explore our full Costa del Sol property listings and find your ideal home today.

Frequently Asked Questions

Can non-EU citizens buy property in Spain?
Yes. Non-EU citizens have the same legal rights as EU buyers. Owning property does not require residency. High-value purchases may allow eligibility for Spain’s Golden Visa program, which grants residency and travel benefits.

Do foreigners pay more taxes when buying property in Spain?
No. All buyers pay the same taxes and fees, including property transfer tax or VAT, regardless of nationality. Costs depend on the property type and location. Proper planning ensures no unexpected expenses.

Is it better to buy new-build or resale property?
New-build properties offer modern design, energy efficiency, and flexible payment options. Resale properties often have established locations, larger living spaces, and immediate availability. Sunny Coast Homes provides guidance to choose the option that best fits your objectives.

Can foreigners buy property without visiting Spain?
Yes, through a power of attorney. However, visiting is strongly recommended to experience the neighborhoods, local amenities, and lifestyle firsthand. Sunny Coast Homes can coordinate remote viewings and full purchase support.

Conclusion

Foreigners can buy property in Spain safely and confidently. The Costa del Sol offers stable property prices, consistent demand, and a lifestyle that appeals to international buyers.

Success depends on understanding the legal process, budgeting accurately, and working with trusted local experts.

Take the next step with Sunny Coast Homes: browse properties or schedule a consultation with our experts to begin your property journey today.

 

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