Buying a property on the Costa del Sol is a dream come true for many. However, the Spanish real estate market has its own unique characteristics. To make a secure investment that is both lasting and valuable, thorough preparation is essential. To help you stay on track, I have summarized the 10 most important aspects you need to know on your journey to owning a home under the Spanish sun.

1. True Purchase Costs

A common mistake is calculating based solely on the sale price. In reality, buyers should always reserve an additional 10–13% for costs such as Transfer Tax (ITP) or VAT (IVA) for new builds, as well as notary fees, registry costs, and administrative fees.

2. The Essential NIE

The Número de Identidad de Extranjero (NIE) is your most important identifier in Spain. It is essential not only for the purchase contract but also for opening a bank account, setting up utilities, and handling any tax matters.

3. A Spanish Bank Account

While it is possible to process the purchase from a foreign account, having a local bank account in Spain is highly recommended to easily manage direct debits for electricity, water, community fees, and property tax (IBI).

4. Ongoing Maintenance Costs

After your purchase, annual fixed costs await: IBI (Property Tax), garbage collection fees, community fees (for pool and garden maintenance in apartments), home insurance, and annual income tax for non-residents.

5. Rental Options and Regulations

Considering renting out your property for tourism? Be careful: there are strict regional regulations, and a specific license is often required to avoid high fines.

6. The Step-by-Step Purchase Process

The process is straightforward: after selecting the property, a reservation contract is signed, followed by a legal review. Finally, the deed is signed before a notary, and the property is officially registered in your name.

7. The Role of a Lawyer

Although the Spanish notary performs a rigorous job, having an independent lawyer is your best guarantee to verify that the property is free of debts and complies with all urban planning laws.

8. Finding the Region that Fits Your Lifestyle

The Costa del Sol is diverse: Are you looking for the lifestyle of Marbella, the tranquility of Estepona, the tradition of Mijas, the golf exclusivity of Benahavís, or the infrastructure of Fuengirola? We will find the perfect spot for you.

9. Financing Options

As an international buyer, you have good opportunities to obtain financing from Spanish banks. Conditions are solid, though standard documentation regarding income and creditworthiness is required.

10. The Benefit of a Professional Search

Many of the most attractive properties never reach public portals. Thanks to my extensive network in the region, I gain access to properties before they hit the market, saving you time and sparing you from "viewing tourism."

Let’s Make Your Vision a Reality

If you have any questions or are searching for the ideal property, I am at your full disposal.

Direct contact: +34 622 318 266