A Quick Guide for UK Buyers
Buying in Spain is not the same as the UK.
The process is less standardised, information is much less transparent, transactions happen quickly, financial commitment is upfront and multiple parties are involved. Having the right structure in place early makes a significant difference.
Solicitor (Abogado)
Handles legal checks, contracts, and ensures the property is safe to buy.
Notary (Notario)
A state official who oversees the final signing and confirms the transaction is legally valid. They do not advise you.
Buyer’s Agent (if appointed)
Represents the buyer throughout the process.
They:
Unlike most agents in Spain, their role is aligned with the buyer rather than the seller.
Estate Agents
Usually represent the seller, even when showing you properties.
Reservation
Property is taken off the market with a small non refundable deposit.
Due Diligence
Your solicitor checks ownership, debts, and legal status.
Private Contract (Arras)
Typically 10% deposit is paid and terms are agreed.
Completion
Final payment is made and the title deed is signed at the notary.
Buyers should budget approximately:
10–12% on top of the purchase price
This includes taxes, legal fees, and purchase costs.
NIE Number
A tax ID required to buy property in Spain.
Spanish Bank Account
Used for payments, taxes, and ongoing costs.
Proof of Funds
Required for legal and compliance checks.
Mortgage (if needed)
Typically 60–70% lending for non-residents.
Escritura – Title deed confirming legal ownership
Nota Simple – Land registry summary of ownership and charges
IBI – Annual local property tax
Contrato de Arras – Private purchase contract with deposit
Plusvalía – Tax on increase in land value
Referencia Catastral – Unique property identification number
LPO (Licencia de Primera Ocupación) – Licence confirming the property is legally habitable
Coeficiente de Urbanización – Ownership share used to calculate community fees
Ayuntamiento – Local town hall responsible for planning and licences
If you are considering a purchase in Marbella or the Costa del Sol and want a clear understanding of how this applies to your situation, we are happy to walk you through it before you begin your search.
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