How to buy a property in Spain from USA?
How to buy a property in Spain from USA?
Here's a quick five-step guide to property purchase process as an American in Spain:
- Get your NIE, bank account & get looking. ...
- Make an offer, sign a reservation agreement. ...
- Step three – checks, funds & mortgages. ...
- Step four – transfer deed. ...
- Step five – utilities, ownership and the padrón.
Is it wise to buy a property in Spain now?
The Bank of Spain predicts a return of 10% for the Spanish real estate market in 2023. In layperson's terms, buying property in Spain is considered a safe investment. It's highly unlikely that you'll lose any money if you take the plunge – provided you seek expert guidance and support throughout the buying process.
How long can you live in Spain without residency?
You can stay in Spain for a maximum of 183 days per year (6 months) in order to not become a resident. If you spend an extra day (184 days and onwards), you will be regarded as a resident, hence paying resident taxes in the country.