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:
  1. Get your NIE, bank account & get looking. ...
  2. Make an offer, sign a reservation agreement. ...
  3. Step three – checks, funds & mortgages. ...
  4. Step four – transfer deed. ...
  5. 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.