Real Estate Transactions in Spain
Purchasing property in Spain requires a thorough understanding of legal and financial processes. Our experts ensure that all aspects are handled professionally, from due diligence to finalizing the contract.
Read MoreInheritance in Spain
The Spanish inheritance laws may differ from those of other legal systems, making proper legal advice essential. We help our clients prepare for a possible future inheritance situation, calculate tax obligations, and legally transfer property.
Read MoreMortgage and Financing
Financing a property in Spain often involves securing a mortgage with a local bank. Our team assists with loan applications, negotiations, and document preparation to help you obtain the best financial solution.
Read MoreProperty Selection with Our Experts
Finding the right property in Spain can be challenging. Our experts guide you through the selection process, evaluating legal and financial factors to ensure you make an informed decision.
Read MoreInternational Taxation
Cross-border property purchases can come with tax challenges. We assist our clients in understanding and optimizing their tax obligations both in Spain and in their home country to avoid double taxation and unnecessary expenses.
Read MorePurchase for Real Estate Trading Purposes
Under specific conditions, properties purchased in Spain may qualify for a reduced 2% transfer tax. This option is typically beneficial for purchases exceeding €800,000, but the property must be resold within five years to retain the tax advantage.
Read MoreGlobal Service Provided By Exceptional Attorneys
We offer our services in your native language in cooperation with trusted local partners.
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Any Questions?
Frequent Asked Questions
Why choose Marbellaw?
1- What is the NIE number?
The NIE (Número de Identificación de Extranjero) is a unique identification number for foreigners. It is required for purchasing property, opening a bank account, and handling official procedures in Spain.
2- How much is the property transfer tax in Spain?
The property transfer tax (ITP) varies by region and property value, typically ranging from 6% to 10% for resale properties. For new properties, buyers must pay 10% VAT (IVA) and 1.5% stamp duty (AJD).
3- What additional costs should I expect?
Besides the transfer tax, property purchases include additional costs:
• Notary fees: approximately 0.5%
• Land registry fees: 0.2-0.5%
• Legal fees: usually around 1%
The total additional costs are around 1.5% of the purchase price.
4- Do I need a Spanish bank account?
Yes, a Spanish bank account is required for property transactions and is necessary for automatic utility bill payments (water, electricity, gas).
5- What is a bank check for property payment?
A bank check (cheque bancario) is a secured payment instrument issued by a Spanish bank. It is the safest way to transfer the purchase price and is handed over to the seller at the notary appointment.
6- Do I need to be in Spain during the process?
Not necessarily. Our office can handle all aspects of the transaction through a power of attorney. However, we recommend personal presence for signing at the notary and property handover to ensure a smooth and secure process.
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Extensive Resources and Commitment
We offer unparalleled legal expertise and a commitment to guiding foreign buyers through the Spanish property market. Our team ensures a secure and transparent purchasing process, giving you peace of mind every step of the way.
Comprehensive Legal Guidance
Dedicated to International Clients
Secure & Reliable Transactions
We prioritize your security by conducting thorough legal checks, safeguarding your investment in Spain.
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