How To Buy A House In Spain - (As A Foreigner)
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Күн бұрынLet’s buy property in Spain! This video is a step-by-step guide taking you through the entire process of buying a house in Spain.
A lot of people in northern Europe are considering moving to Costa Del Sol, an area in south of Spain. Now during Covid19 even more people are considering moving down to Spain because it has never been this easy to work from home making it a great time to change scenery.
But investing in property in Spain is not super straightforward and can feel like a daunting task to take on. In this video we will take you through the entire process of how to buy a house in Spain.
We will breakdown the following:
0:00 Intro
1:47 - How to get a NIE number.
3:28 - How long time does it take?
5:28 - Breakdown of Fees and Budget.
7:15 - Loans & Mortgages.
10:22 - All key documents you will need to sign.
14:32 - Outro
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@nordicmarbellainvest1922 3 жыл бұрын
Please comment if you have questions about the process and we will answer you here 😁
@spanishpropertyconsultants 3 жыл бұрын
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 3 жыл бұрын
Thanks for adding that info!
@spanishpropertyconsultants 3 жыл бұрын
@@nordicmarbellainvest1922 de nada!
@niallcully3457 Жыл бұрын
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.
@___Stephan_D___ 3 жыл бұрын
Very good and interesting video, you answered questions that was exactly what I was wondering. Thanks for this
@nordicmarbellainvest1922 3 жыл бұрын
Thank you for the kind words Stephane! Don’t hesitate to reach out if you have anymore questions regarding the buying process in Spain.
@dvrmusicentertainment 3 жыл бұрын
This is a wonderful detailed Video 🙏🙏🙏🙏
@nordicmarbellainvest1922 3 жыл бұрын
Thank you! Don't hesitate to reach out if you need help with buying real estate in Spain :)
@hegeraae3181 3 жыл бұрын
Great video with very useful information ! Wished I saw this before I bought my house 👍🏻 Thank you for sharing this experience 😄
@nordicmarbellainvest1922 3 жыл бұрын
Thank you Hege for the kind words :)
@peter.rocavivawines 3 жыл бұрын
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 3 жыл бұрын
Thank you Peter for the kind words!
@pandazz.roblox5742 3 жыл бұрын
Great video for everyone who want to buy a property in Spain! Thanks! 🙏
@nordicmarbellainvest1922 3 жыл бұрын
So happy it was useful for you :)
@karenhitchens3563 2 жыл бұрын
Thank you for making this video, it’s super helpful!
@nordicmarbellainvest1922 2 жыл бұрын
Thank you Karen for the kind words :)
@rubendaniel6569 Жыл бұрын
Hello Karen, how are you doing today
@SterianAlinaNicoleta 2 жыл бұрын
Thank you for this video helps those searching a house in spain
@nordicmarbellainvest1922 2 жыл бұрын
Happy that you like it! Thanks for watching 👍
@filiprangus5826 Жыл бұрын
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 Жыл бұрын
Thank you for the kind words! Very happy that you liked it and good luck on your purchase journey 😉
@filiprangus5826 Жыл бұрын
@@nordicmarbellainvest1922 Thanks a lot ! 🌊
@serdaryavuz6996 2 жыл бұрын
These guys look well professional.. Great job, thanks for the video
@nordicmarbellainvest1922 2 жыл бұрын
Thank you for the kind words!
@piotrskutnik8472 2 жыл бұрын
Great Breakdown!
@nordicmarbellainvest1922 2 жыл бұрын
Glad you liked it! :)
@RedskullPro 3 жыл бұрын
Great video!
@nordicmarbellainvest1922 3 жыл бұрын
Thank you :)
@miguelnunez826 Жыл бұрын
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 Жыл бұрын
You are welcome :)
@rahmitaarumsari2764 Ай бұрын
Thank u for the information sir...love from Indonesia 😊
@sobatdin9593 2 жыл бұрын
Excellent advice thank you Tak😀
@nordicmarbellainvest1922 2 жыл бұрын
Happy that you liked it :)
@guybartlett9587 9 ай бұрын
Very good!
@nordicmarbellainvest1922 9 ай бұрын
Thanks!
@123marupoksapagibig3 2 жыл бұрын
Thank you sir
@nordicmarbellainvest1922 2 жыл бұрын
Thank you
@isaachunt5799 Жыл бұрын
great video. english fella with a swedish passport here soon to retire in spain. will contact you when the time comes
@nordicmarbellainvest1922 Жыл бұрын
Glad you liked it! 🙌
@gypsytrip5387 Жыл бұрын
Gracias 🙏
@nordicmarbellainvest1922 Жыл бұрын
No problem :)
@gypsytrip5387 Жыл бұрын
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! 🥰🫶🇷🇴
@tierraprometida8866 2 жыл бұрын
Mr Nordgren is so handsome, me he quedado gratamente sorprendido
@nordicmarbellainvest1922 2 жыл бұрын
Sure is!
@SoniaRobinson 2 жыл бұрын
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 2 жыл бұрын
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 2 жыл бұрын
@@nordicmarbellainvest1922 thank you so much :-)
@nordicmarbellainvest1922 2 жыл бұрын
@@SoniaRobinson No problem :)
@amnak.alsh.1239 2 жыл бұрын
Thank u
@nordicmarbellainvest1922 2 жыл бұрын
Thank you for watching and commenting 🙂
@edwardgomez3633 Жыл бұрын
Great Post. Thank you. Can you tell me what the average Interest Rate and the Term on a Mortgage Loan in Spain?
@nordicmarbellainvest1922 Жыл бұрын
Its better you google or ask the banks directly, any answer I give now will most probably not be valid in a few months :)
@filiprangus5826 2 ай бұрын
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 2 ай бұрын
Thank you! Its actually recorded in Mijas so just outside Marbella
@filiprangus5826 2 ай бұрын
@@nordicmarbellainvest1922 O fantastic, thank you very much!
@harriperkio5773 3 жыл бұрын
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 3 жыл бұрын
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 info@nordicmarbellainvest.com and we are happy to look into your situation and connect you with our lawyer.
@myproductsreviews7276 2 жыл бұрын
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 2 жыл бұрын
If you still have a Spanish passport this should not be required for you
@myproductsreviews7276 2 жыл бұрын
@@nordicmarbellainvest1922 Thank you so much for your answer.
@oliverlit 2 жыл бұрын
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 2 жыл бұрын
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 7 ай бұрын
plz i do need the pdf of the key document
@a705fay Жыл бұрын
This is the basics which your lawyer always explains to you. If you are buying to live part time and rent part time, there are many complications which need to be investigated property by property. We were told all the figures an apartment would bring in and signed a reservation but turns out the figures were worth jack sh** because the community had banned tourist letting in those apartments. Ok for friends and family but not advertisable to the general public. After a tussle we were able to pull out but because it only came up after the lawyers had gone a long way towards the conveyance it cost us 1.5K out of the 6K holding deposit.
@nordicmarbellainvest1922 Жыл бұрын
Thank you for sharing, this is also an important note to check before buying if your purpose is to rent it out.
@johannaaltun7336 3 жыл бұрын
så om man planerar ett köp i framtiden så kan man tjäna på att redan nu ansöka om NIE nummer? kostar det något?
@nordicmarbellainvest1922 3 жыл бұрын
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 Жыл бұрын
Hello Johanna, how are you doing today
@MrDekinio 3 жыл бұрын
How much is annual tax for the proprety? Thanks.
@nordicmarbellainvest1922 3 жыл бұрын
Shoot us an email to info@nordicmarbellainvest.com with the property you are looking at and what country you residence in and we will look it up for you 👍
@ivelinivanov19 Жыл бұрын
Great video....I'm considering for a long time to invest in Spain ,could I send me those pdf file please.
@nordicmarbellainvest1922 Жыл бұрын
You can download it from the link in the description of this video
@Brockdorf Жыл бұрын
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 Жыл бұрын
Tax is calculated on property sell price, doesn’t matter how you guys decide to finance it sadly.
@jencordero4782 Жыл бұрын
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 Жыл бұрын
@@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.
@angelvazquez4457 Жыл бұрын
I plan to purchase an apartment cash. I'm guessing that would be the fees associated with that.
@nordicmarbellainvest1922 Жыл бұрын
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 Жыл бұрын
@@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 Жыл бұрын
@@angelvazquez4457 Yes he helps with all that. He mentions his fees in the video as well with them being negotiable 😉. Send an email to info@nordicmarbellainvest.com with your name, phone number (including country code) and we will connect the two of you.
@colinturner4158 Жыл бұрын
What if you are officially retired do you still need a nie number
@nordicmarbellainvest1922 Жыл бұрын
You need a NIE number to own a car or property in Spain as a foreigner
@colinturner4158 Жыл бұрын
@@nordicmarbellainvest1922 thank you
@bubumic2971 2 жыл бұрын
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 2 жыл бұрын
A simple wire transfer works best once you and the seller of a property have decided to move forward.
@bubumic2971 2 жыл бұрын
@@nordicmarbellainvest1922 Doesn`t the Spain government tax those money ?? or ?
@nordicmarbellainvest1922 2 жыл бұрын
@@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.
@terrenceqiu Жыл бұрын
Can I get more advice from you as I am a foreign investor?
@nordicmarbellainvest1922 Жыл бұрын
Yes visit our web and fill in the form and ill reach out
@colinturner4158 Жыл бұрын
Would a good estate agent English or foreign in Spain not take care of this for you
@nordicmarbellainvest1922 Жыл бұрын
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.
@Liberaldemokrat Жыл бұрын
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 Жыл бұрын
Please send us an email to info@nordicmarbellainvest.com and we can help in english and translate to Spanish for you.
@Liberaldemokrat Жыл бұрын
@@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.
@oludeleadeleke15 2 жыл бұрын
What about non Europeans. Are the processes the same?
@nordicmarbellainvest1922 2 жыл бұрын
Yes basically, you may need some extra time on acquiring an NIE number though.
@xoxo9970 2 жыл бұрын
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 2 жыл бұрын
If you don’t want to risk loosing money on a real estate investment you can always rent and enjoy Spain that way.
@ravishankarkumar71 2 жыл бұрын
Hiii sir You would like to buy 1 beautiful villa.
@malcolmbrownson5205 2 жыл бұрын
No mention of RENT 2 OWN/Buy!!
@nordicmarbellainvest1922 2 жыл бұрын
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 2 жыл бұрын
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 2 жыл бұрын
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 Жыл бұрын
It’s not a car
@d.p.2680 Жыл бұрын
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.
@CaseyKCRichards 2 жыл бұрын
Are EU residents considered “foreigner”
@nordicmarbellainvest1922 2 жыл бұрын
All non Spanish residents are considered foreigners yes.
@CaseyKCRichards 2 жыл бұрын
@@nordicmarbellainvest1922 are residents considered Spanish ?
@nordicmarbellainvest1922 2 жыл бұрын
@@CaseyKCRichards Do you have a Spanish citizenship or where are you from? You can shoot an email to felix@nordicmarbellainvest.com and we will help you sort out what steps you need to take to purchase a house or apartment in spain.
@phridan 3 жыл бұрын
:)
@nordicmarbellainvest1922 3 жыл бұрын
🙂
@pbohearn 10 ай бұрын
Go Sweden!
@nordicmarbellainvest1922 9 ай бұрын
🇸🇪
@lexreps5642 2 жыл бұрын
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 2 жыл бұрын
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 2 жыл бұрын
@@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 2 жыл бұрын
@@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 2 жыл бұрын
@@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 3 жыл бұрын
Mycket bra/uttömmande information ...
@nordicmarbellainvest1922 3 жыл бұрын
Tack Tonny! 👍 Berätta gärna om det är något du skulle vilja att vi gör en video om.
@antonystabielli5966 Жыл бұрын
do not buy property in spain !
@nordicmarbellainvest1922 Жыл бұрын
Care to elaborate why?
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