Buying a property in Spain marks the beginning of a new chapter. Whether you want to enjoy holidays, establish a second home or relocate permanently to the Mediterranean, finding the right property is an exciting experience.
The Southern Costa Blanca, with towns such as Villamartín, Torrevieja and Orihuela Costa, is one of the destinations that attracts international buyers thanks to its beaches, pleasant climate and wide range of properties.
However, before taking the plunge, it is important to understand how the property buying process works in Spain. In this guide, we explain the key aspects you need to know so that you can make decisions with confidence.
1. Can foreigners buy property in Spain?
Absolutely! You do not need to be a resident in Spain to buy a property. Both EU citizens and buyers from other countries can purchase properties, although certain circumstances may involve additional requirements.
One of the first steps is obtaining an NIE (Foreigner Identification Number), which is required to carry out financial transactions and complete the property purchase.
It is also advisable to have a bank account to make payments related to the purchase and maintenance of the property.
2. Choose a location that suits your lifestyle
Before you start viewing properties, think about how you would like to enjoy your new home.
Would you prefer to be close to the sea? Would you like to live next to a golf course? Are you looking for a quiet area or somewhere with restaurants, shops and activities throughout the year?
On the Southern Costa Blanca, you will find a variety of options:
Villamartín: ideal for those who appreciate golf courses, residential developments and an international atmosphere.
Torrevieja: a coastal city with beaches, a seafront promenade, shops and a wide range of services.
Orihuela Costa: an area with residential developments, shopping centres and well-known beaches such as La Zenia and Playa Flamenca.
Pilar de la Horadada: an alternative for those seeking tranquillity, proximity to the coast and a Mediterranean lifestyle.
Visiting different areas and getting to know their facilities and services is one of the best ways to discover where you would like to live.
3. New build or resale property?
Another important decision is whether to choose a new-build property or a resale home.
New-build properties often stand out for their contemporary designs, energy efficiency and modern features. They are an interesting option for buyers looking for a brand-new home.
Resale properties, on the other hand, offer the opportunity to find homes in established residential areas and, in some cases, with gardens, terraces or larger outdoor spaces.
Both options have their advantages. The important thing is to consider the location, your budget, the property's features and how you intend to use it.
4. Understand the costs involved in buying a property
When calculating your budget, it is essential to bear in mind that the advertised price of a property does not represent the total cost of the transaction.
In addition to the purchase price, you should allow for other expenses:
Taxes: these vary depending on whether you are buying a new-build or resale property and on the autonomous community where it is located.
Notary and Land Registry fees: related to completing and registering the property purchase.
Legal advice: recommended to review the documentation and protect your interests.
Financing: if you need a mortgage, there may be additional costs associated with arranging it.
You should also take into account regular running costs, such as property tax (IBI), utility bills and community fees, where applicable.
Our advice: set an overall budget before you start looking to avoid surprises and focus on properties that genuinely match your financial possibilities.
5. What is the property buying process like in Spain?
Although each transaction may have its own specific circumstances, a property purchase usually follows these steps:
Step 1. Property search and viewings
Select the properties that interest you most and arrange viewings to assess their features, location and condition.
Step 2. Offer and reservation
Once you have chosen a property, you can make an offer. If an agreement is reached, it is common practice to formalise a reservation or private contract. Its terms should be carefully reviewed before signing or paying any money.
Step 3. Legal checks
An independent lawyer can verify ownership, any outstanding charges, planning status and the property's documentation.
Step 4. Signing before a notary
The purchase is normally completed through a public deed signed before a notary. At this stage, the final payment is usually made and the keys are handed over.
Step 5. Registration and utility transfers
After signing, the relevant taxes must be paid, the property registered and the utility accounts transferred into the new owner's name.
6. The importance of local advice
Buying a property in another country can raise questions, particularly when you are unfamiliar with the language, administrative procedures or local property market.
That is why working with an estate agency that knows the area can make a real difference.
Good advice will help you select properties according to your preferences, get to know different locations and arrange viewings efficiently.
In addition, working with independent legal professionals will give you greater peace of mind when dealing with the legal aspects of the purchase.
Your new life on the Costa Blanca starts with Vista Casas
Buying a property in Spain does not have to be complicated. With the right information and support from professionals, you can enjoy the process of finding your new home.
At Vista Casas, we help you discover properties in Villamartín, Orihuela Costa and other areas of the Southern Costa Blanca, whether you are looking for an apartment near the sea, a home next to a golf course or a villa where you can enjoy the Mediterranean lifestyle.
Explore our properties for sale and get in touch with Vista Casas. We will be delighted to help you find your next home in Spain.
