Casting a thought to investing in a Spanish property? Don’t worry: it doesn’t need to be difficult. Here are the main guidelines you would need to follow to make purchasing a house in Spain a smooth process.

1. Firstly, you will need to obtain an NIE number to purchase property in Spain, this is your tax identification number. Applying for this is a simple process and usually takes around three weeks to be obtained.
2. Once you have your personal NIE number, it is now possible for an offer to be placed on whichever specific property you were looking to buy. Commonly, when buying a house in Spain, a holding deposit known as a contrato privado de compravento which is usually around 3000 Euros is required: Furthermore, 10% of the property value is required as a down payment.
3. Buyers are always encouraged to check for debts against the property, because these will be passed onto the buyer upon purchase. Finally, at the end of the process, a mortgage can be arranged and the escritura de compravento (final sales contract) can be completed. Once finalised you would then be the proud owner of a Spanish home.

Meta-Description: Buying a house in Spain can be fast, effortless, and painless. Use the information and tips inside this article to help you acquire property in Spain.