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You should know before buying a home
The purchase of the house itself is one of the most significant events for family and personal finances, Spain is one of the countries of the European Union in the highest percentage of the population has access to homeownership (making effective the right constitutional decent housing).
Meanwhile mortgage has acquired great social significance because of the spread of its use as a means to secure repayment of loans through which citizens finance their home purchases, so it is essential to provide adequate legal protection, and provide them with appropriate mechanisms of information about their rights and obligations and their choices.
The Ministry of Justice, for the purpose of disseminating knowledge as possible of the practical aspects of the legislation on home sales and mortgage loans, to be achieved with the publication of this guide, the widest possible dissemination of this legal regulations and provide citizens and businesses easy access to it.
Can a foreign resident outside Spain to buy a home or property in Spain?
The only requirement for a foreigner outside Spain, can buy a home or property in Spain, accurate count Identification Number (NIE), which is a unique and exclusive number, as it is for the Spanish National Document Identity (DNI). To apply for this NIE, the physical presence abroad is not required, you can simply do it through a legal representative in Spain, with sufficient power for the application of that NIE with the precise purpose of sale of housing.
Where must pay taxes abroad, buying property in Spain?
It is evident, and they encompass the various Spanish laws relating to taxes, VAT, Transfer and Stamp Duty, IBI, that such taxes must be met in Spain.
Does it give the right to purchase an apartment, a foreigner, to obtain residency in Spain?
Since entrepreneurs Act of 2013, foreigners who invest in buying a home in Spain, at least 500,000 euros, can obtain a residence visa in Spain.
In addition to the requirements of general character, the applicant must show that they have acquired the ownership of real property through certification with continuous information domain and the Land Registry charges that apply to the property. Such certification will be issued within 90 days of filing the residence visa. If at the time of visa application acquiring the property were in process of entry into the Land Registry, will be sufficient to submit certification stating current seat submission of the acquisition, accompanied by the documentation evidencing payment of the corresponding taxes.
The applicant must prove to have a real estate investment 500,000 € free of any liens or encumbrances. The part of the investment exceeding the required amount may be subject to liens or encumbrances-- Sugerencia: Añada una fotografía de la propiedad, dos fotografías pequeñas de los espacios y escriba la situación o dirección para una atractiva información de cada proyecto--