Buy Property in Spain – Complete Guide by Mike Naumann Immobilien

1. Why buy property in Spain?

Spain is one of the most popular European countries for property purchases, whether for a holiday home, retirement, or investment. The advantages are clear:

• Sunny climate and Mediterranean lifestyle
• Diverse coastal regions such as Costa del Sol, Costa Blanca, or Costa Brava
• Historic cities, nature, and leisure opportunities
• Attractive prices compared to other European countries

With Mike Naumann Immobilien, you benefit from local expertise and know the best regions for your budget and lifestyle.

2. Choosing the right location

Location determines quality of life and property value growth. Key points include:

• Infrastructure: supermarkets, pharmacies, doctors, schools
• Transport: proximity to airports, highways, and train stations
• Leisure & Activities: beaches, golf courses, hiking trails, cultural events
• Neighborhood & Safety: quiet or lively surroundings, local community

Example: A home on the Costa del Sol offers sea views and proximity to golf courses, while inland Andalusia provides peace, nature, and affordable properties.

3. Planning budget and financing

Before buying, calculate your budget realistically:

• Purchase price: property prices vary by region
• Additional costs: notary, registry, taxes, agency fees (~10–12%)
• Renovation & Furnishing: some properties require modernization
• Running costs: community fees, water, electricity, maintenance

Tip: Mike Naumann Immobilien works with banks and financial advisors to secure suitable loans for residents and non-residents.

4. Legal aspects & Notary

Buying property in Spain requires legal attention:

• NIE: Tax identification number for foreign buyers
• Purchase contract (Contrato de Compraventa): legally binding after deposit
• Notary: officially certifies the contract
• Property registry: ownership transfer is recorded
• Legal advice: review of encumbrances, mortgages, permits

Mike Naumann Immobilien supports you with experienced lawyers to ensure a secure and smooth purchase.

5. Viewing and property inspection

Before deciding, inspect the property carefully:

• Structure: roof, walls, windows, utilities
• Interior & Modernization: kitchen, bathrooms, heating/AC
• Outdoor area: garden, pool, terrace
• Potential: renovation, extension, or vacation rental

Extra service: With Home Staging and virtual renovations, Mike Naumann Immobilien shows the full potential of your property, even if it still requires modernization.

6. Closing & Handover

• Schedule notary appointment and sign contract
• Transfer remaining payment and register property
• Handover keys and inventory/condition checklist

Mike Naumann Immobilien guides you personally through every step, from the first viewing to handover.

7. Tips for rental & ROI

Many buyers also invest in vacation rentals:

• Vacation rental: high demand in coastal and popular cities
• Long-term rental: stable income, less management effort
• Value appreciation: renovations, pool, garden, or high-quality features increase resale value

We advise on which measures are profitable and how to maximize your property's potential.

8. Property purchase checklist in Spain

• Define desired region and location
• Calculate budget including extra costs
• Check financing options
• Obtain legal advice
• Visit properties
• Inspect condition and potential
• Prepare notary appointment & property registration
• Handover & inventory check
• Plan use or rental of property