Discover our buying guide for non-residents
EVERYTHING YOU NEED TO KNOW ABOUT BUYING A PROPERTY ON THE COSTA DEL SOL IF YOU ARE A NON-RESIDENT
Buying a property in Marbella is a dream for many, especially if you are looking to enjoy the Costa del Sol lifestyle. However, if you are not a resident of Spain, it is essential to know the key steps and documentation required to make the purchase safely. From market analysis to obtaining a Foreigner Identification Number (NIE), in this guide we explain all the requirements to make the process go smoothly.
At BIOS, we offer personalized support at every stage of the process, ensuring transparency, trust and professionalism so that your investment is well protected.
Before jumping into buying a property in Marbella, it is essential to do proper financial planning and understand the local market.
The first step is to conduct a thorough analysis of available properties and their prices. At BIOS, we evaluate the offers in the area you are most interested in, making sure we find the property that best suits your needs and budget.
If you need to finance your purchase through a mortgage, keep in mind that banks usually do not cover 100% of the price of the house. It is advisable to have enough savings to cover between 20% and 30% of the cost.
Comparing different mortgage options is crucial to get the best conditions. At BIOS we help you find the mortgage offer that best suits your financial needs.
Before proceeding with the purchase, make sure that the property is free of encumbrances or debts. It is essential to verify that there are no previous mortgages, liens or legal problems that may affect your purchase. At BIOS we help you obtain all the necessary certificates to ensure that everything is in order.
If you are not a resident in Spain, there are certain key documents you will need to purchase a property.
This number is essential to carry out any tax formalities in Spain. The process to obtain it includes booking an appointment at an immigration office or police station, presenting the immigration form, your passport, a recent photo and proof of payment of fees.
This number is essential to carry out any tax formalities in Spain. The process to obtain it includes booking an appointment at an immigration office or police station, presenting the immigration form, your passport, a recent photo and proof of payment of fees.
Once you have completed the previous steps and have the necessary documentation, the purchase process proceeds as follows:
The earnest money contract details the initial terms of the purchase, such as price and payment terms. It also ensures that the property will not be sold to another buyer while the terms are being finalized.
This legal document, drafted by a lawyer, stipulates all the rights and obligations of the parties. It includes the description of the property, the price, the forms of payment and who assumes the expenses and taxes.
The property deed is signed before a notary, who certifies the transaction. At BIOS, we coordinate the entire process so that it is carried out in a secure manner.
The last step is to register the property in the Land Registry. This procedure provides legal certainty and guarantees that your name appears as the owner of the property.
It is essential to know the additional costs and taxes associated with the purchase of a home.
Notary and registration fees
Notary and Land Registry fees are regulated by the Government and depend on the value of the property.
VAT and Property Transfer Tax (ITP)
For newly built properties, a VAT of 10% is applied, while second hand properties are subject to ITP, which in Andalusia is 7%.
At BIOS, we not only accompany you during the purchase process, but we also offer an after-sales service to ensure that everything runs smoothly. We are in charge of helping you to solve any need you may have, such as insurance, removals, renovations, or even the management of your property if you decide to rent it. Our goal is that you enjoy your new home without worries.
If you plan to make sporadic use of your property and want to earn extra income, we have a specialized service in tourist rental in Marbella. This way, you will maximize the profitability of your investment and your property will always be ready to receive tourists from all over the world, managed by experts in the local market. At BIOS, we offer you a complete after-sales service so that you can enjoy your property in Marbella without worries.
Buying a property in Marbella as a non-resident in Spain is a process that requires planning, but with the right guidance, it can be a smooth and rewarding experience. At BIOS, we are here to make every step easy and secure, ensuring that you purchase your property with complete peace of mind. Visit our selection of Costa del Sol properties on the Costa del Sol and find your new home.
With more than 20 years of experience in the real estate sector and a multidisciplinary team, we are committed to offer our clients the best buying experience.
Contact us to request the complete Buyer’s Guide and we will help you find the property you are looking for on the Costa del Sol.
