A mortgage loan? Cash?

The way you buy a property in Spain depends on your available capital and mortgage capacity. You can either purchase with a bank loan or with cash. Even if you have the funds to buy outright, financing is often recommended to keep liquidity and possibly access a higher-value property.

For residents, banks usually finance up to 80% of the lower amount between the purchase price and the appraised value. Buyers must contribute the remaining 20% plus 10–15% for purchase costs such as taxes, notary, and registration.

For non-residents, banks generally finance between 60% and 70% of the property value. This means you should have 30–40% in savings, plus 10–15% for transaction expenses. Mortgage terms for non-residents are shorter, usually 20–25 years, and interest rates can be slightly higher.

In all cases, a NIE (Foreign Identification Number) and full financial documentation are required.

Neil Collins

Neil Collins has over 15 years of experience in property sales in Spain and has over the years built up contacts throughout the Costa Blanca and with top class developers in the Murcia region. Specialising in personal searches for his clients, Neil will use his contacts and experience to find the "just for you" property. Whether you are looking to re-locate, find a holiday home or an investment property Neil will listen to your requirements, take note of your budget and then tell you if the two match and what to consider if they don't.  New Build, Key Ready or Re-sale. Seaside, Rural, or Town Centre.