Thinking of buying a home on the Costa del Sol? Whether you’re planning to invest, relocate, or secure a second home in the sun, purchasing property in Spain involves more than simply finding a place you love. That’s why we’ve created this clear, practical guide to help you navigate the process with confidence, avoid common pitfalls, and make the most of your investment.
Buying property is a major commitment, especially in a dynamic international market like the Costa del Sol. The region offers a wide range of options, from beachfront apartments and modern townhouses to hillside fincas and golf villas. Before making any decisions:
1 – Research the different areas (Marbella, Estepona, Benahavís, etc.)
2 – Define your budget, preferred lifestyle, and long-term goals
3 – Explore listings and talk to local experts
Spain operates an open property market, meaning most agencies have access to the same listings. The difference lies in the service. At Greystone International Group, we act as your personal consultant, guiding you every step of the way and ensuring every detail is covered.
Once you’re ready to start viewing properties in person, your trip should be well planned for maximum efficiency. Work with your agent to coordinate viewings and area tours, so you can see a variety of options that match your criteria.
Tips for a productive viewing trip:
1 – Shortlist first: View 4–5 properties per day to avoid fatigue
2 – Explore the area: Drive or walk around neighbourhoods to get a feel for local life
3 – Visit at different times: A home’s atmosphere can change between day and night
4- Be transparent: Share your honest feedback so your agent can refine the search
5- Stay open-minded: Some properties may surprise you
This is your Foreign Identification Number, required for all legal and financial activity in Spain. Apply at your local Spanish Consulate or a Spanish police station. You’ll need:
1 – Passport and two passport-sized photos
2 – Two signed copies of the EX-15 form
3 – A written explanation (e.g. property purchase)
You’ll need this for payments, taxes, and utilities. Choose a bank that’s experienced with foreign clients, such as Sabadell, CaixaBank, Santander, or Bankinter. Bring:
1 – N.I.E. certificate
2 – Passport
3 – Proof of income or funds
4- (Sometimes) a non-residency certificate
Work with a bilingual legal team that specialises in real estate. They’ll guide you through contracts, taxes, and local regulations, giving you peace of mind throughout.
When you’ve found the right property, your agent will help you present a written offer that includes:
1 – Price
2 – Inclusions (furnishings, fixtures, etc.)
3 – Conditions (subject to finance, surveys, etc.)
4- Preferred completion timeline
Your lawyer will conduct full due diligence, checking the legal title, debts, licences, and the physical condition of the property before any contracts are signed.
When you’ve found the right property, your agent will help you present a written offer that includes:
1 – Secures the property for 7–14 days
2 – Reservation fee: €5,000–€20,000 (or 1%)
3 – Typically non-refundable unless agreed otherwise
1 – Signed after legal checks are complete
2 – Buyer pays 10% of the purchase price (less reservation fee)
3 – Sets the final completion date
1 – Signed at the notary office
2 – Full payment made via certified bank cheque
3 – Property officially registered in your name
Spanish banks offer mortgages to non-residents, usually up to 50% of the purchase price
1 – Terms: 15–25 years
2 – Required: Life and property insurance
3 – Early repayment fees: 0.25%–0.5%
1 – Fixed rate: Predictable, stable monthly payments
2 – Variable rate: May start lower but adjusts with EURIBOR—payments can increase over time
Your solicitor will handle the transfer of title at the Land Registry. Final registration can take up to three months.
All utilities (electricity, water, waste) and community fees must be updated with your details and Spanish bank account.
1 – IBI (Annual Property Tax): €200–€1,500+ based on location and cadastral value
2 – Community Fees: €200–€1,000+ annually (if part of a complex)
3- Basura (Waste Tax): €300 per year
4- Maintenance: Varies by property type and condition
1 – Not rented: 25% of 2% of cadastral value
2 – Rented: 25% on gross income (19% for EU/EEA residents with deductible expenses)
1 – Applies to net assets over €700,000 (after allowances)
2 – Ranges from 0.2%–2.5%, depending on total value and residency status
At Greystone International Group, we simplify the process of buying in Spain, whether you’re investing, relocating, or searching for your dream home. From first contact to final signing, we handle the details so you can focus on the excitement.
1 – Access to exclusive listings and new developments
2 – Honest, expert advice tailored to your goals
3 – A multilingual team with decades of experience
