Question 1

Can foreigners buy property in Spain without being residents?

Accepted Answer

Yes. Spain imposes no general restrictions on foreign property ownership. EU and non-EU nationals may purchase freely regardless of residency status. The key requirement is obtaining an NIE before completing the transaction.

Question 2

What taxes apply when buying property in Spain as a non-resident?

Accepted Answer

For resale properties, the main acquisition tax is ITP, typically ranging from 6% to 13% depending on the region and property value. New builds attract VAT (10%) plus stamp duty. Total acquisition costs typically represent 11–14% on top of the purchase price.

Question 3

Can I complete the purchase without travelling to Spain?

Accepted Answer

Yes. Through a notarial power of attorney, your Vicox Legal team can represent you at every stage without requiring your physical presence in Spain.

Question 4

What mortgage conditions apply to non-resident buyers?

Accepted Answer

Spanish banks typically offer non-residents financing of up to 60–70% of the property value. You should have approximately 40% of the total cost available in cash.

Question 5

Does Vicox Legal also advise on wealth structuring after the purchase?

Accepted Answer

Yes. We advise across Spain, Portugal, Luxembourg and Switzerland within a single engagement, covering holdings, SOPARFI structures and international family office setups.

19 de junio de 2026

Asset Protection and Succession Planning for HNWIs in Spain and Portugal

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