The NIE number (Número de Identidad de Extranjero) is a unique identification number for foreigners in Spain. Almost all official transactions, such as the purchase of real estate, will ask for this number.
You can request this number, which is assigned by the Ministry of the Interior, through the Spanish Embassy in Belgium or through the Policía Nacional in Spain.
The procedure through the Policía Nacional is quite complicated and takes some time, moreover you need to speak quite some Spanish. We can help you with this procedure.
With new construction, you should expect about 14% purchase costs on top of the purchase price. With an existing home, these costs are slightly lower. Costs include VAT and stamp duty (new construction) or transfer tax (existing home), lawyer, notary and registration.
For the purchase of a new construction, it is also important to provide an additional budget for furniture, kitchen appliances and air conditioning, which are usually not included in the purchase price. Lirice Real Estate will provide a proper calculation and help you with furnishings and any modifications to your home.
We recommend that you use a local real estate agent who has lived and worked in the area for many years, and specializes in the area you are looking in. It is important that this broker is registered and qualified, speaks Spanish, and has excellent relationships with Spanish construction companies and suppliers. In addition, the realtor should remain available even after the deed is signed. In short, someone you can trust!
Lirice Real Estate speaks Spanish and has been living and working on the Costa Blanca for quite some time. We are members of the professional association API Alicante and registered in the register of real estate agents RAICV. Feel free to ask for our details or references from our clients.
It is advisable to hire a lawyer when purchasing property in Spain. This is because the role of the Spanish notary is very limited. The notary mainly sees to it that the interests of the government are taken care of and that taxes are collected. It is the lawyer who verifies the terms of the purchase contract.
Among other things, he or she verifies whether the seller is the legal owner of the property, whether there are any outstanding debts or bills, and whether the property has the proper building permits. In short, the attorney ensures that the transfer is done correctly. Lirice Real Estate puts you in touch with an independent lawyer who speaks your language.
The amount to be borrowed cannot exceed 70% of the purchase value. The loan must be repaid before your 75th birthday. Of course, you must be able to prove sufficient income. You to also talk to your own trusted bank.
At Lirice Real Estate we are happy to help you with the application and settlement of a mortgage in Spain.
Water, electricity, home insurance, garbage and internet are fixed costs. In addition, the following taxes must also be paid annually:
- Property tax (IBI / Impuesto sobre Bienes Inmuebles): a municipal tax calculated based on the cadastral value.
- Income tax (Renta / Impuesto sobre la Renta de Personas Físicas): this tax is also calculated based on the cadastral value (19% for non-residents).
If your property is part of a complex or resort with common parts, community maintenance fees must also be paid.
We will provide an estimate of the annual maintenance costs of your Spanish property and will be happy to discuss these in detail with you.
If you have savings, you know that they currently yield very little in a savings account. A more profitable alternative is investing in Spanish real estate because:
- The number of home sales and the average price are increasing every year, helping your returns.
- You can take advantage of attractive property prices and low purchase and maintenance costs.
- The Costa Blanca is a popular vacation destination, providing a guaranteed rental return.
- You can also enjoy your investment, as the sun is almost always shining and life is still affordable.
So investing in Spanish real estate offers both financial returns and personal enjoyment.
