Ultimate Guide to Buying Property in Spain As A Foreigner

[@best._.vibess]

As already an owner of a property in Spain(Costa del Sol) I would advise the future buyers to pay attention to the construction. The new build apartments have plaster boards in stead of full brick separation between the walls which makes the life inside not comfortable. Research and read all possible comments about the construction company and for sure go visit a ready project, walk everywhere inside and look carefully. I have a video about...Good luck and all the best!🍀☀️

[@dev-life]

Just to offer people an alternative, you don't need to get a lawyer to buy property in Spain. These two big services that they offer (checking that the property doesn't have any mortgages, and making sure that the property in real life and the registry are updated) cost less than 10 euros. You can get a Nota Simple, which will give you all the information you need about the property if it has any loads (like a mortgage), and it costs 9 euros and a few cents. Then you can access the Catastro for free, and find all the information regarding the dimensions of the property and other details. If the lawyer is charging you a couple hundred euros then ok, if you want to save yourself a few minutes, or if you are not physically in Spain, it could be a good option. But you should know exactly the service you are paying for. I live in Spain, I own property, I have gone through this process more than once.

[@killac39]

I'm an American looking to move my life to Spain... if I bought property but only have a passport, could I reside in Spain and work legally

[@dev-life]

@@killac39 I'm not really familiar with that process, because my situation was a bit different. That being said, I think you have a few options. If you can work remotely, you can opt-in for a Digital Nomad visa. Otherwise, you can get a work permit and work for a company in Spain. If you are retired, then you can get a non-lucrative visa, which allows you to live in Spain assuming you meet certain criteria, which shouldn't be hard if you get a steady retirement. In any case, it should be easy.

[@EverythingIsBoffo]

With a Golden Visa you can, you have to invest 500K in properties in Spain, the application takes just 20 days for approval. But there's alread a proposal to remove the Golden Visa so I don't know until when it's gonna be available. Golden visa allows you to work in Spain legally. If you don't have the 500K cash, perhaps the digital nomad visa or self-employed visa is for you.

[@germain9074]

Or the non lucrative visa? ​@@EverythingIsBoffo

[@prototype8861]

Is the info on Nota Simple enough for not to get swindled? Is the guy who is selling really the owner and if the nota simple says there us no debt on the property is there really no debt on.the property? Gracias.

[@Ana-Maria-Sierra]

At the beginning of this interview the lawyer is describing the title search, a required process conducted by title companies in the US and Canada. This is absolutely necessary in order to ensure the authenticity of all claims, from ownership to permits to compliance with all laws. I don’t know the term for this process or requirement, but it would be helpful to know.

[@cadillacslick]

FYI: Marina charges like $1300.00 to help obtain a DIGITAL NOMAD VISA btw! Very reasonable - and I have seen 1-3 PODCAST where satisfied clients got their visas on the FIRST TRY!

[@EverythingIsBoffo]

And she’s very knowledgeable about it!

[@brianbrotarlo4537]

This is so helpful. The questions are simple and direct. It also sounds so reliable because of the simplicity. Yes, the guests are soft selling, but if they're the reliable solution why not?

[@EverythingIsBoffo]

Thank you! ☺️

[@DrAshoriMD]

These are incredible resources, thank you for sharing them. I don't know how I would have managed my property purchase without an attorney. I even had a little uncommon hiuccip which was resolved thanks to my attorney. Overall, a great experience.

[@EverythingIsBoffo]

Thank you for watching! Yes, I think purchasing a house in Spain can be tricky!

[@DeanRamser]

Hola. Thank you for an excellent video. We are retired educators planning on visiting southern Spain in the fall to look for our next home. We love a walkable and accessible city. Healthcare, transportation, safety, and reliability are our concerns. The idea of POA is very interesting, given our situation as Americans who can only stay for 90 days without a special visa. Gracias! Dean & Cindy

[@EverythingIsBoffo]

Thank you for watching!

[@doehetalsnijnkonijn]

Great video again guys, useful information. Thank you very much.

[@EverythingIsBoffo]

Thanks for watching! 🤗

[@kaylebplays402]

I have been watching your videos. Thank you for sharing!

[@EverythingIsBoffo]

Thank you for watching!

[@stevecochrane9531]

FYI, related to "Golden Visas" for real estate, the EU is pushing members to get rid of it due to individuals from certain countries using this for money laundering. In 2-3 years, it will be unlikely the "Golden Visa" will be available anywhere in Europe. It will still be there for investments. Also note that Madrid, Valencia, and others are clamping down on short-term rentals like AirBnB. So, buying two $250k properties for the "Golden Visa" and renting them out will no longer be an option very soon.

[@EverythingIsBoffo]

It’ll take some time before it takes effect, and there’s still Golden Visa by investment into businesses and stocks, although the requirements are higher. Hopefully it will help slow down the rising costs of housing!

[@stevecochrane9531]

@@EverythingIsBoffo It should, but clamping down on short term rentals should do more. The Madrid mayor said that AirBnB will no longer be allowed there and violators can be charged up to €100k! 😮 In Malaga, meanwhile, STRs make up 40% of the city’s pisos! People there are protesting, too. I hope removing STRs (in cities) will help lower costs for locals, too. We are renting in Valencia, but hope to buy in a year or two. This will be our primary residence, not a rental. We shall see… ¡Gracias!

[@EverythingIsBoffo]

@@stevecochrane9531 yes I think airbnb prices affect the rental market more than GV! Why rent longterm if they can make more doing airbnb at 3x the price? 😞

[@proudliberal24-sv1wo]

Wife and I will most likely retire in Spain. I am considering doing the Golden Visa. I would sell one house in the USA and use the money to buy in Spain. However, I want to rent first and see which city in which to buy. I don't know if I want Barcelona, Malaga or Valencia or somewhere else.

[@EverythingIsBoffo]

@@proudliberal24-sv1wo better hurry up as the Golden Visa by proposed via property is on the chopping block. There’s also the Non Lucrative visa route in case that happens. Good luck! Don’t forget you can talk to Fran or Marina is you have questions on the Golden Visa. Bureaucracy.es/everythingisboffo

[@solveigsolveig2249]

Golden Visa is over in Spain, thankfully. Go retire in Florida instead. You are not welcome in Spain.

[@FromTheBiggining]

​@@solveigsolveig2249😥

[@joeyzhang]

Thanks for your video. But I would like to know more about how foreigners can apply for a mortgage loan. For example, can foreigners apply for bank loans? If so, what percentage do we apply for? How long is the loan term? And so on. Thank you!

[@EverythingIsBoffo]

Hi! We don't have info on mortgages but our next videos with Fran, I'll be sure to ask him about it. :) Thanks for watching!

[@janicegarciacucharero-od5xe]

I am thinking of moving to Spain next year and found this information very helpful, thank you very much 👍

[@EverythingIsBoffo]

You’re welcome! If you’re looking into the Golden Visa, that program may end soon.

[@JosieNubla-h9x]

Thank you for sharing this to us very informative more powerto you 😊

[@EverythingIsBoffo]

@@JosieNubla-h9x thank you for watching!

[@Miism737-pe2sw]

Excellent job wish you do the same about managing the taxes between the U S and Spain thank you good people for an outstanding job hello from Florida

[@EverythingIsBoffo]

Thank you for watching! Taxes is a tough topic to cover, we recommend talking to a tax professional for that. ☺️

[@Miism737-pe2sw]

@@EverythingIsBoffo thanks anyway

[@rosarule1796]

Thanks so much for such great advice

[@EverythingIsBoffo]

You’re welcome ☺️

[@anabellabella2266]

Thanks a lot for all this info.

[@EverythingIsBoffo]

Thanks for watching! ☺️

[@diamonddiet]

Thank you for this video, I think a 1.5% fee would be very reasonable. Was there any talk off camera for property purchasing for those on the NLV vice the golden visa? I've heard you are expected to put down 50% on a home loan if you're a foreigner.

[@EverythingIsBoffo]

Thanks for watching! We didn’t discuss that, but feel free to reach out to Fran when you’re ready to purchase. ☺️

[@PedroFilms]

Very informative. Thank you.

[@EverythingIsBoffo]

Thanks for watching! ☺️

[@lorimant2881]

Hello! Great video.

[@EverythingIsBoffo]

Thank you!

[@cmg123charlene]

How does the process/timeline change if a mortgage is needed? Thanks!

[@EverythingIsBoffo]

Things usually will take a bit longer. You gotta deal with stuff like getting the mortgage approved, property valuation, and extra paperwork. So, expect it to take a few weeks to several months longer than if you were paying in cash. It all depends on the bank’s rules, how fast they move, and sorting out all the paperwork jazz. Hope this helps 🙏🏼

[@OvertheWheels]

Great video. Very well explained and easy to understand all the necessary steps. Congratulations. My wife and I are on the path to buying a property in the Valencia region and we have a question. In 2020 we requested our NIEs from the Spanish consulate in Ireland and received the numbers by email. As we have never used them, we don't know if they are still valid or if we will have to do it again before buying our property. Would anyone know how to check if these numbers are valid?

[@EverythingIsBoffo]

Your NIE is for life, so it should still be valid. Best of luck! If you need a lawyer please contact Fran! Bureaucracy.es/everythingisboffo

[@OvertheWheels]

Thanks. It's good to know that.@@EverythingIsBoffo

[@marklindahones963]

We have done a will in the country we live in which is the UK.Do we use the named power of attorney in that or do we need to make a new spanish will with a new power of attorney when applying for the NIE. We are looking at property to retire and live premanently in Menorca. Regards

[@EverythingIsBoffo]

Hello! Please reach out to Fran for a consultation! www.bureaucracy.es/afconsultingingprolawyers

[@Ana-Maria-Sierra]

Thank you! ❤

[@EverythingIsBoffo]

You're welcome!

[@Denghuysmans]

Hi where can we get a contact for this lawyer?

[@EverythingIsBoffo]

www.bureaucracy.es/everythingisboffo scroll down to the Buying a property in Spain icon

[@AQUAMAGNET]

If a person spends $5 million on a villa, and pays 13% taxes on the sale, how does the new owner benefit paying 650,000 in taxes? These taxes are extortion. What public service can you provide for $650,000 to the new owner to justify such high extortion rate??

[@brucemc1581]

It keeps other taxes from going higher. Taxes are not a designed to benefit an individual, but a community. So if you can’t afford the extortion rate taxes, then don’t buy it. This will eventually lead to less demand and lower prices.

[@AQUAMAGNET]

@@brucemc1581 a community is built of individuals contributing money into an account, the that money is supposed to be used to benefit those very individuals, or do you just live in lala land where you are okay with being extorted and pretending you're helping some community of politicians who fak you with more taxes

[@brucemc1581]

@@AQUAMAGNET and those politicians are put in by the people they serve. I find it funny people complain about the government they elected. No one is forcing you to buy a 5 million dollar villa. So it is not extortion.

[@Kevin-zz9nc]

Do I needa speaka Espanglish to buy in Espain???

[@arhokopli6981]

Can foreign EU registered company buy real estate in Spain without having a Spanish subsidiary company?

[@Nali_Verse]

Depends which country u from

[@tristanmaclennan2989]

I have a question, who pays the selling agents commission, the buyer or the seller and what is the normal commission on say a house of 3.5 million euro's in Andalucía? Thank you!

[@EverythingIsBoffo]

Hello. Please reach out to Fran for these questions. ☺️ www.bureaucracy.es/everythingisboffo#bpartnerservice

[@Moh_Mia]

If you are buying a house for that much, why you don’t spend less than $300 and get you a legit attorney consultation instead of asking who knows what on KZbin ..sigh!

[@alaindelon611]

Does the lawyer have a business website where we can connect if we decide to buy a property in Spain. Watching from San Francisco, Calif.

[@EverythingIsBoffo]

Just click on our link www.bureaucracy.es/everythingisboffo and it will take you to the website then scroll all the way down to “Buy a property in Spain” so you can book a free 30 minute consultation with Fran 😊

[@alaindelon611]

@@EverythingIsBoffo great thanks

[@enterdata]

The problem with buying a property in Spain is the scoundrels, or as the Spaniards called them Los “Ocupas.” These people when they see that a property is vacant and they have no place to go, they brake in and occupy the place. The property owner has no say and they have to take them through the court system which usually takes up to two years before they can removed. In the meantime the property owners have to pay for all legal fees and if these people tear down the place, it is up to the property owners to pay for all of the expenses to fix up the place. While these illegals or intruders walk Scott free without having to pay for anything since the laws in Spain protects them. So, it’s not worth buying any property in any part of Spain, until they change the laws that favor the property owners and they prosecute the intruders, or holds them accountable for any of the damages, etc. I wouldn’t invest in a nation that does not protect a person that is investing in it. Thank you but no thanks. You are better off renting on a seasonable bases or just move into a motel, hotel, etc.

[@marcojimenez5555]

In the USA they would just throw in jail the first day, how weird they don't do this in Spain 😮

[@naima8392]

I agree. This is the only reason I don’t want to buy real estate in Sain.

[@eagleeye2427]

@@marcojimenez5555Not really…there are a lot of KZbin videos where property owners are having a hard time getting rid of squatters in their house. Even with police and legal matters involved.

[@AgrimVartika]

Which site shall we starch the houses

[@EverythingIsBoffo]

Idealista, fotocasa, milanuncios are the websites for houses for sale.

[@reg8297]

What are the property tax chanrges

[@EverythingIsBoffo]

Depends on the city you’re purchasing in

[@zeeshansarwar-vlog6538]

What is the process of buying property in spain by foreigner non residence and what are rules to give on padron to anyone in need. What effects for EU citizen and what rule owner has to follow, owner will not live in spain.

[@EverythingIsBoffo]

Hello, please consult with Fran for further questions. His info is in the description. :) Thanks!

[@ykgina031205]

Muchas gracias ha sido de mucha utilidad. Espero que un futuro cercano podamos trabajar juntos.

[@EverythingIsBoffo]

Un placer! ☺️

[@jonardlopez5019]

Buying a property for €300,000 does not qualify me for the Golden Visa, what will be my restrictions in spain for someone who resides in the US? Thanks

[@EverythingIsBoffo]

Without a visa you will be subject to the 90/180 rule, will be considered a tourist and can’t work in Spain.

[@jonardlopez5019]

@@EverythingIsBoffo salamat. so ...kailangan increase yung budget.

[@EverythingIsBoffo]

@@jonardlopez5019 instead of buying a property, maybe showing the 300,000€ in savings for the Non-Lucrative visa? It will allow you to live in Spain for more than 90 days, but you cannot work.

[@u2fkeys665]

Marina is so beautiful 😍

[@EverythingIsBoffo]

Yes! We agree! ☺️

[@cadillacslick]

This lawyer charges a FORTUNE! Because he "TRAVELS TO" wherever in Spain!!!!!!! He charges something like $5,850.00 closing on a property worth approximately $390,000.00 - your effing kidding me! Get/find a local attorney in the area where you looking to purchase unless, your looking to purchase in some corrupt little seaside town or WAY out in the countryside where things get hairy - then maybe use this guy: I like him too and he seems to be on top of things legally - BUT WTF!! $5,850.00 bucks!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Your cost to hire a LOCAL lawyer for a closing in Spain, should be about/approximately $1,000.00!!!!!!! Yes! $1,000.00!!!!!!!!!!!!! THAT'S IT!!!!!!

[@garmd4953]

Spains taxes are horrible specially the wealth tax !! Only european country that hasn't eliminated this tax.

[@EverythingIsBoffo]

Yes I hope they get rid of it. ☺️

[@noneofyourconcern5448]

Wrong. Look for the right provinces like andalusia

[@naima8392]

Why use this VERY EXPENSIVE LAWYER to interview when he charges 4 to 5 times what a regular lawyer does. I am not watching your channel anymore.

[@Moh_Mia]

She is not forcing you nor even advising you to hire these lawyers, they are just providing legal baselines for free..

[@arcabuz]

You’re direct responsible for the raise of prices for the nationals. Don’t expect any welcome to our country, but buckets of hostility

[@EverythingIsBoffo]

With all due respect, that is not our intention. Foreigners have been able to buy property in Spain long before this video was created, and they will continue to do so, whether we made this video or not. All we are doing is providing some information from an expert to help those that already have the intention of buying. And our experience with the Spanish have been nothing but accommodating, encouraging, and warm.

[@bhanukuppala8253]

Half of you are increasing prices in London pot calling kettle balck Be pro business and less reliant on benefits

[@MoonlightLessons]

This is partly true, so you and the Spanish people are in your right to be upset, but you also have to consider that Spain is becoming more empty as Spaniards migrate to other countries (not the foreigners fault) and foreigners are now highly contributing to paying seguridad social and pensions. I’m not saying you are wrong but there is also a reason why there are more incentives being created for foreigners to move to Spain, because they can contribute to the economy in a way that only nationals cannot do, at least not at the present moment.

[@arcabuz]

@@MoonlightLessons so you are telling me that you are invading my country. That is pretty hostile to me.

[@collin6238]

I didn't really follow much of the conversation because I was distracted by the attractive lady on the right

[@MG-eh3ol]

Be careful with okupas they can’t enter into your home living there and you can’t do anything

[@EverythingIsBoffo]

Yes, definitely need to be vigilant.