Buying Property in Spain for British Citizens
Are you a British citizen looking to buy property in Spain? Tomas Ballestero Lawyers has over 30 years of experience helping British buyers navigate the Spanish property market. From Brexit-related residency requirements to understanding Spanish property taxes, our English-speaking legal team guides you through every step of the process.
What British Buyers Need to Know
Since Brexit, British citizens buying property in Spain face additional considerations compared to EU nationals. While you can still freely purchase property, you need to be aware of residency rules, the 90-day rule for non-residents, and potential tax implications. Our lawyers specialise in advising British clients on these specific issues.
Key Steps for British Buyers
The process involves: obtaining a NIE number (foreigner identification number), opening a Spanish bank account, conducting thorough due diligence on the property, signing a reservation contract and paying a deposit, signing the private purchase contract (contrato de arras), completing at the notary and registering the title deed. Our lawyers handle all of this on your behalf.
Post-Brexit Considerations
British citizens can still buy property in Spain without any restrictions. However, if you plan to spend more than 90 days in any 180-day period in Spain, you will need to apply for a visa or residency permit. Our team can advise on the different residency options available, including the non-lucrative visa and digital nomad visa.
Tax Implications for British Property Owners
As a British property owner in Spain, you should be aware of: annual property tax (IBI), non-resident income tax on the deemed rental value, capital gains tax when you sell, and inheritance tax implications. We help you understand and plan for all these obligations.
Areas We Cover
We help British buyers across the Costa Blanca and Valencia region, including Javea, Moraira, Denia, Altea, Benitachell, Benissa, and Valencia city.
Frequently Asked Questions
Can British citizens still buy property in Spain after Brexit?
Yes, absolutely. There are no restrictions on British citizens purchasing property in Spain. The main changes since Brexit relate to residency rules and how long you can stay in Spain without a visa.
Do I need a NIE to buy property in Spain?
Yes, all foreign nationals need a NIE (Numero de Identificacion de Extranjero) to complete a property purchase in Spain. Our team can assist with the application process.
How much are the buying costs in Spain?
Budget approximately of the purchase price for total acquisition costs, including transfer tax for resale properties in Valencia), notary fees, Land Registry fees, and legal fees.
Contact us today for a free consultation.
Call us: +34 965 792 946 or +34 607 320 768
Email: [email protected]
