First steps before buying property in Spain

You have decided to buy a property in Spain, but are wondering, where to start? We have listed the first steps here and are happy to help you with any of these.

1. NIE number

The NIE number is a fiscal identification number required by foreigners before making any transaction in Spain.

2. Spanish bank account

It is essential to have a Spanish Bank Account in order to pay electricity and water bills as well as community of owners’ fees and council tax.

3. Private purchace contract

Contract signed between the vendor and the buyer prior to completion to formalise the purchase agreement between the two parties

4. Power of Attorney

The Power of Attorney is a document that gives authorization to you lawyer to act on your behalf.

5. Due diligence

Research that must be carried out before buying in Spain.