How To Buy A House In Spain - (As A Foreigner)

[@nordicmarbellainvest1922]

Please comment if you have questions about the process and we will answer you here 😁

[@spanishpropertyconsultants]

This lawyer is giving out good information as I have been working in rural property for 31 years. Rural property is completely different to buying a coastal property as there are many different land categories and building categories as well as Areas know as Pecuarias, Veredas, corredores Verdes etc. The only thing I would add to his list is an "Informe Urbanistica" town hall report on the property you want to buy stating that is has been officially approved by the Junta de Andalucia the local government and not just the local town hall.

[@nordicmarbellainvest1922]

Thanks for adding that info!

[@spanishpropertyconsultants]

@@nordicmarbellainvest1922 de nada!

[@niallcully3457]

I'll come looking for you in the new year, i will be seeking rural land I can live and farm on. I'm currently living in denia.

[@pandazz.roblox5742]

Great video for everyone who want to buy a property in Spain! Thanks! 🙏

[@nordicmarbellainvest1922]

So happy it was useful for you :)

[@SterianAlinaNicoleta]

Thank you for this video helps those searching a house in spain

[@nordicmarbellainvest1922]

Happy that you like it! Thanks for watching 👍

[@peter.rocavivawines]

Great Video with lots of valid Information on how to buy a holiday home in Spain! A must watch for all new property buyers!

[@nordicmarbellainvest1922]

Thank you Peter for the kind words!

[@rahmitaarumsari2764]

Thank u for the information sir...love from Indonesia 😊

[@filiprangus5826]

A very helpful video! And I can't help but wonder what the place is called where this was filmed? It looks amazing and I'm guessing it's Marbella but which part?

[@nordicmarbellainvest1922]

Thank you! Its actually recorded in Mijas so just outside Marbella

[@filiprangus5826]

@@nordicmarbellainvest1922 O fantastic, thank you very much!

[@miguelnunez826]

Gracias por la informacion! Desde hace un tiempo estoy pensando como hacer para comprar una propiedad en España pero no sabia por donde comenzar y ya me dieron algunas ideas, gracias nuevamente.

[@nordicmarbellainvest1922]

You are welcome :)

[@serdaryavuz6996]

These guys look well professional.. Great job, thanks for the video

[@nordicmarbellainvest1922]

Thank you for the kind words!

[@dvrmusicentertainment]

This is a wonderful detailed Video 🙏🙏🙏🙏

[@nordicmarbellainvest1922]

Thank you! Don't hesitate to reach out if you need help with buying real estate in Spain :)

[@hegeraae3181]

Great video with very useful information ! Wished I saw this before I bought my house 👍🏻 Thank you for sharing this experience 😄

[@nordicmarbellainvest1922]

Thank you Hege for the kind words :)

[@___Stephan_D___]

Very good and interesting video, you answered questions that was exactly what I was wondering. Thanks for this

[@nordicmarbellainvest1922]

Thank you for the kind words Stephane! Don’t hesitate to reach out if you have anymore questions regarding the buying process in Spain.

[@filiprangus5826]

Thank you so much for this video, was very helpful ! Also I would like to give you a big thumbs up for the scenery you chose to film a video, it makes the whole thing that much more inspiring and enjoyable ✌

[@nordicmarbellainvest1922]

Thank you for the kind words! Very happy that you liked it and good luck on your purchase journey 😉

[@filiprangus5826]

@@nordicmarbellainvest1922 Thanks a lot ! 🌊

[@RedskullPro]

Great video!

[@nordicmarbellainvest1922]

Thank you :)

[@isaachunt5799]

great video. english fella with a swedish passport here soon to retire in spain. will contact you when the time comes

[@nordicmarbellainvest1922]

Glad you liked it! 🙌

[@tierraprometida8866]

Mr Nordgren is so handsome, me he quedado gratamente sorprendido

[@nordicmarbellainvest1922]

Sure is!

[@edwardgomez3633]

Great Post. Thank you. Can you tell me what the average Interest Rate and the Term on a Mortgage Loan in Spain?

[@nordicmarbellainvest1922]

Its better you google or ask the banks directly, any answer I give now will most probably not be valid in a few months :)

[@karenhitchens3563]

Thank you for making this video, it’s super helpful!

[@nordicmarbellainvest1922]

Thank you Karen for the kind words :)

[@rubendaniel6569]

Hello Karen, how are you doing today

[@piotrskutnik8472]

Great Breakdown!

[@nordicmarbellainvest1922]

Glad you liked it! :)

[@harriperkio5773]

for the cash buyer the process would be faster ? I would like to know more about taxation for the EU citizen, cases resident or non resident ..

[@nordicmarbellainvest1922]

Hello Harri! Yes for the cash buyer it will be faster because you can skip the entire part about the mortgage. However you still need to go through the other steps like having an NIE number etc. Can you specify what tax you want more info on? As there are quite a few. Normally what we do for our clients is that our lawyer will help you by looking at your situation and give you the best possible options for tax planning wether you are buying a house/apartment/property or also selling one you already own. If you are planning on making income from the property via renting it out etc there are also a few things you will want to look at regarding tax on those incomes. Send us an email to [e-mail] and we are happy to look into your situation and connect you with our lawyer.

[@sobatdin9593]

Excellent advice thank you Tak😀

[@nordicmarbellainvest1922]

Happy that you liked it :)

[@123marupoksapagibig3]

Thank you sir

[@nordicmarbellainvest1922]

Thank you

[@guybartlett9587]

Very good!

[@nordicmarbellainvest1922]

Thanks!

[@SoniaRobinson]

Great video and very informative and easy to follow - thank you. Once question : You say it 'takes time' to obtain the NIE and gave 3 options. Option 3 would be to apply from Spain but you didn't mention where/how. This information would be very helpful. Gracias.

[@nordicmarbellainvest1922]

Great question, you apply at a place called "Directorate-General", normally this is a local police station. Do note though that not all police stations handle these types of requests so its good to call first.

[@SoniaRobinson]

@@nordicmarbellainvest1922 thank you so much :-)

[@nordicmarbellainvest1922]

@@SoniaRobinson No problem :)

[@angelvazquez4457]

I plan to purchase an apartment cash. I'm guessing that would be the fees associated with that.

[@nordicmarbellainvest1922]

You shouldn’t have to pay any other fees than the ones we have listed here. Unless of course you are talking about cash like physical cash then there might be some kind of handling fee for that by the sellers bank who will have to accept it and verify its real bills etc.

[@angelvazquez4457]

@@nordicmarbellainvest1922 well not cash as in a bag of money rather money withdrawn from my retirement accounts. Does that lawer help with buying in valencia..immigration ect. If so what are his fees? Thanks for the rapid response. I appreciated it and loved the video..

[@nordicmarbellainvest1922]

@@angelvazquez4457 Yes he helps with all that. He mentions his fees in the video as well with them being negotiable 😉. Send an email to [e-mail] with your name, phone number (including country code) and we will connect the two of you.

[@terrenceqiu]

Can I get more advice from you as I am a foreign investor?

[@nordicmarbellainvest1922]

Yes visit our web and fill in the form and ill reach out

[@myproductsreviews7276]

Really good video guys. I watched all of it and also I downloaded the pdf which I will study. I have a question as I am a Spanish person living in the uk. I supposed, I am considered a non resident too if I no longer live in Spain for 182 days. So my question is do I need the NIE or it will be just the DNI that I need in terms of taxes. And my second question is what is the best bank with no conditions for non residents to get a loan?

[@nordicmarbellainvest1922]

If you still have a Spanish passport this should not be required for you

[@myproductsreviews7276]

@@nordicmarbellainvest1922 Thank you so much for your answer.

[@ivelinivanov19]

Great video....I'm considering for a long time to invest in Spain ,could I send me those pdf file please.

[@nordicmarbellainvest1922]

You can download it from the link in the description of this video

[@gypsytrip5387]

Gracias 🙏

[@nordicmarbellainvest1922]

No problem :)

[@gypsytrip5387]

In one year time I want to buy a property in Spain and to rent it. But 2 month a year I want to keep it for my holiday in Spain! 🥰🫶🇷🇴

[@oliverlit]

Sir,I have a question for you.I am British who has got residence in Spain this year.I had been living and working in Poland,where I bought a flat.Now,I am selling this flat and planning to buy a flat in Malaga, Spain.When I transfer my money from Poland to Spain,do I have to pay any Capital Gains Tax in Spain?My Poland home was primary residence but I moved to Spain 8 months ago to Malaga and was living there.Now,I am in Poland to sell my flat. I know that I have to pay 7% when I will the flat.Thank you very much

[@nordicmarbellainvest1922]

Hello Oliver, thank you for your question. To answer it short: No you don’t need to pay tax on moving that money. I would also suggest keeping the money in you current account and transferring it directly to the agreed upon account with the seller/realtor. There is no need to make an extra transaction to another account in Spain, this will just cost you extra in terms of bank fees and conversion fees given that your current account is not a euro account. Hope this helps.

[@ndumomncube955]

plz i do need the pdf of the key document

[@colinturner4158]

What if you are officially retired do you still need a nie number

[@nordicmarbellainvest1922]

You need a NIE number to own a car or property in Spain as a foreigner

[@colinturner4158]

@@nordicmarbellainvest1922 thank you

[@Liberaldemokrat]

i want to buy a house in Spain, but Spanish doesn't speak English. i am Turkish and there are not many Turkish lawyers or real estate agents in Spain. i'm looking for someone to manage this process.

[@nordicmarbellainvest1922]

Please send us an email to [e-mail] and we can help in english and translate to Spanish for you.

[@Liberaldemokrat]

@@nordicmarbellainvest1922 I would really love to work with you, but you have a quality team that is too much for my budget. my budget is no more than 100.000 euro.

[@amnak.alsh.1239]

Thank u

[@nordicmarbellainvest1922]

Thank you for watching and commenting 🙂

[@johannaaltun7336]

så om man planerar ett köp i framtiden så kan man tjäna på att redan nu ansöka om NIE nummer? kostar det något?

[@nordicmarbellainvest1922]

Precis du kan spara tid på att lösa det redan nu. Gör du det själv (via ambassad eller på plats i Spanien) så betalar du endast en skatt på €9.75. Men ger du någon en fullmakt som gör det åt dig exempelvis en advokat så kan dom ta en avgift för det som varierar. 🙂

[@rubendaniel6569]

Hello Johanna, how are you doing today

[@Brockdorf]

If you want to buy a house for residency but are buying the house with a friend (each will live there half the year), do you have to buy a $1,000,000 home, or can you both get residency off the $500,000 home?

[@nordicmarbellainvest1922]

Tax is calculated on property sell price, doesn’t matter how you guys decide to finance it sadly.

[@jencordero4782]

You can get a Golden visa and be good for 2 yrs if you bought a home over 500k. Check with any lawyer or this one as we got our information via You Tube videos as well.

[@jencordero4782]

@@nordicmarbellainvest1922 great video. What to know more about buying land with a small home and where on your next videos. Like to know what areas are good and safe to vacate for 6 months out of the year. Show us please thanks Ron.

[@colinturner4158]

Would a good estate agent English or foreign in Spain not take care of this for you

[@nordicmarbellainvest1922]

They do! But this video is for educational purpose, believe it or not but many people want to know what the process looks like before they embark on it.

[@MrDekinio]

How much is annual tax for the proprety? Thanks.

[@nordicmarbellainvest1922]

Shoot us an email to [e-mail] with the property you are looking at and what country you residence in and we will look it up for you 👍

[@bubumic2971]

So if i have some money in my country and want to buy with that money a property in Spain, what must i do ? Come with the money in Spain in my bags ?

[@nordicmarbellainvest1922]

A simple wire transfer works best once you and the seller of a property have decided to move forward.

[@bubumic2971]

@@nordicmarbellainvest1922 Doesn`t the Spain government tax those money ?? or ?

[@nordicmarbellainvest1922]

@@bubumic2971 There is always an estimated 10% tax and fees on the advertised price you see of a house. And there is capital gains tax if you later sell the property for a profit.

[@xoxo9970]

if you are interested in buying property in Marbella and since I am convinced that Spain is almost course finished What will happen to real estate Of course they will lose value I wonder Are there any insurances for such in Spain so that one can go indemnified out of this Spain's economy is bad and that means that those who have real estate and such will be the ones who have to pay for the party Therefore, I wonder if there is insurance that protects I love the Spanish people and Spain as a whole I think we are wonderful there

[@nordicmarbellainvest1922]

If you don’t want to risk loosing money on a real estate investment you can always rent and enjoy Spain that way.

[@ravishankarkumar71]

Hiii sir You would like to buy 1 beautiful villa.

[@malcolmbrownson5205]

No mention of RENT 2 OWN/Buy!!

[@nordicmarbellainvest1922]

This video is only about the buying process and what you can expect will happen as you pass through it. For all other types of deals there is probably some other better content to watch.

[@svenssvensson9024]

I just can’t understand that anyone would pay so much for a used holiday home, it’s not better than a used car. 20-30 years old and more. When there are brand new homes for almost the same price and with warranty ! Old things always need DIY and that is so expensive these days both material and labor.

[@nordicmarbellainvest1922]

People often buy them for the location and renovate them to increase the value. Also sometimes new production means you need to wait 1-2 years for it to be built. Different homes suit different people depending on life situation, budget and/or if they are looking to make improvements to the home to sell for a larger profit.

[@colinturner4158]

It’s not a car

[@d.p.2680]

Sometimes it's nice to buy a house that has been on its foundation for a few years, then at least it's solid, also, you can't buy the location, without the house, new houses tend to be out in the suburbs, that's only a place you go if you have no other option.

[@oludeleadeleke15]

What about non Europeans. Are the processes the same?

[@nordicmarbellainvest1922]

Yes basically, you may need some extra time on acquiring an NIE number though.

[@CaseyKCRichards]

Are EU residents considered “foreigner”

[@nordicmarbellainvest1922]

All non Spanish residents are considered foreigners yes.

[@CaseyKCRichards]

@@nordicmarbellainvest1922 are residents considered Spanish ?

[@nordicmarbellainvest1922]

@@CaseyKCRichards Do you have a Spanish citizenship or where are you from? You can shoot an email to [e-mail] and we will help you sort out what steps you need to take to purchase a house or apartment in spain.

[@pbohearn]

Go Sweden!

[@nordicmarbellainvest1922]

🇸🇪

[@phridan]

:)

[@nordicmarbellainvest1922]

🙂

[@lexreps5642]

a little bit missleading guys , you don't need a lawyer !! A real estate agent will arrange evrything for you ( very very very cheap )

[@nordicmarbellainvest1922]

Depends on the level of security you want to have. An agent can help with all this but they are also sales people who want to get the deal. If you are spending millions on a house that will be passes down for generations some people like to have a lawyer by their side. You do you.

[@lexreps5642]

@@nordicmarbellainvest1922 There are a lot of great deals among the costa blanca price range €400k , we did not have millions to spend :) but managed to get that great deal in Alicante. Would you give the viewers a tip on when to buy ? i would say late january Greetings from the netherlands

[@nordicmarbellainvest1922]

@@lexreps5642 Thank you for your input. On this channel we try to give more broad advice that will stand over time. No speculation or trying to time the market. Hope you understand :)

[@lexreps5642]

@@nordicmarbellainvest1922 we totally understand , the dutch community in alicante adviced us to seal the deal late january because of the buying process goes faster we are also planning to retire in spain :)

[@tonnycarlsson2910]

Mycket bra/uttömmande information ...

[@nordicmarbellainvest1922]

Tack Tonny! 👍 Berätta gärna om det är något du skulle vilja att vi gör en video om.

[@antonystabielli5966]

do not buy property in spain !

[@nordicmarbellainvest1922]

Care to elaborate why?