Step-by-Step Guide to Buying Property in Spain as a Foreigner (2026 Edition)
Buying property in Spain as a foreigner is an exciting opportunity — whether you are looking for a holiday home, a smart investment, or a permanent move to the Mediterranean.
Spain remains one of Europe’s most attractive real estate markets thanks to its climate, lifestyle, infrastructure and legal protection for buyers. The process is clear and secure, especially when purchasing a new build home from a professional developer.
In this 2026 step-by-step guide, we explain exactly how to buy property in Spain as an international buyer.
Why Spain Continues to Attract International Buyers
Spain offers a combination of lifestyle and investment potential that few countries can match:
- More than 300 days of sunshine per year
- High-quality public and private healthcare
- Strong property ownership rights
- Modern infrastructure and airports
- Competitive prices compared to other Mediterranean destinations
Regions such as Costa Blanca South, particularly the Vega Baja del Segura area in Alicante province, are increasingly popular among buyers from the UK, Germany, Belgium and the Netherlands.
Step 1: Obtain Your NIE Number
The first legal requirement when buying property in Spain is obtaining an NIE (Número de Identidad de Extranjero).
The NIE is your foreign identification number in Spain and is required for:
- Purchasing property
- Opening a bank account
- Paying taxes
- Signing official contracts
You can apply for an NIE:
- At a Spanish police station in Spain
- Through a Spanish consulate in your home country
- Via a legal representative with power of attorney
This is a straightforward administrative step, but it should be arranged early in the process.
Step 2: Open a Spanish Bank Account
Although it is possible to purchase property without a Spanish bank account, having one simplifies the process significantly.
You will need it for:
- Paying the reservation deposit
- Making stage payments (for off-plan properties)
- Paying utilities and community fees
- Setting up mortgage payments (if applicable)
Banks usually require:
- Valid passport
- NIE number
- Proof of address
- Documentation confirming the source of funds
Step 3: Reserve the Property
Once you have selected your property, the next step is signing a reservation contract.
At this stage:
- The property is removed from the market
- A reservation deposit is paid (typically between €6,000 and €10,000)
- The price is fixed
This is particularly important when buying new build or off-plan homes, as it secures your chosen unit or plot.
Step 4: Sign the Private Purchase Contract
After the reservation, the private purchase contract (Contrato de Compraventa) is signed.
This contract includes:
- Details of buyer and seller
- Final purchase price
- Payment schedule
- Completion date
- Technical specifications
- Bank guarantees (for off-plan purchases)
When buying a new build property under construction, payments are usually made in stages. Spanish law requires developers to provide bank guarantees that protect all stage payments made before completion.
This provides an important layer of security for international buyers.
Step 5: Legal Checks and Due Diligence
Whether you are buying resale or new build, legal checks are essential. Most international buyers appoint an independent lawyer to represent them.
The lawyer will verify:
- Land Registry ownership
- That the property is free from debts or charges
- Building licences and planning permissions
- Compliance with local regulations
- Energy performance certification
When purchasing from a reputable developer, much of this documentation is already prepared and structured, making the process smoother and more transparent.
Step 6: Completion at the Notary
The final step takes place at a Spanish notary’s office.
At completion:
- The title deed (Escritura) is signed
- The remaining balance is paid
- Taxes are settled
- The keys are handed over
The notary ensures that:
- The transaction complies with Spanish law
- Payments are correctly documented
- The property is legally transferred to the buyer
After signing, the deed is registered at the Land Registry in your name, making you the official owner.
What Are the Taxes and Additional Costs?
When buying a new build property in the Valencia region (including Costa Blanca South), the main costs include:
- 10% VAT (IVA)
- Stamp Duty (AJD), approximately 1.5% in the Valencia region
- Notary fees
- Land Registry fees
- Legal fees
In total, buyers should budget approximately 12–14% on top of the purchase price to cover taxes and associated costs.
Is It Safe to Buy Property in Spain in 2026?
Yes. Spain has one of the most regulated property markets in Europe, with strong legal frameworks protecting buyers.
Buying a new build home from an established developer offers additional advantages:
- 10-year structural building guarantee
- Modern energy efficiency standards
- No previous debts or charges
- Clear payment schedules
- Transparent documentation
As with any international purchase, the key to a secure transaction is working with experienced professionals and ensuring all documentation is verified.
Why Many Buyers Choose Costa Blanca South
Costa Blanca South continues to grow in popularity among European buyers because it offers:
- Beautiful Mediterranean beaches
- Excellent road and airport connections
- Established international communities
- Modern residential developments
- Better value compared to more saturated coastal areas
Locations such as Benijófar, Dolores and surrounding municipalities in the Vega Baja del Segura combine traditional Spanish charm with contemporary new build homes designed for modern living.
Final Thoughts
Buying property in Spain as a foreigner is a structured and secure process when approached correctly.
By understanding each step — from obtaining your NIE to signing at the notary — you can move forward with confidence. Choosing a professionally developed new build property further enhances transparency, efficiency and long-term value.
If you are considering investing in a new home in Costa Blanca South, proper preparation and expert guidance will ensure your purchase is smooth, safe and successful.