Buying property or real estate in Spain is becoming more and more popular, however it isn’t getting any easier and in some cases it’s becoming harder. Buying property in your own country is usually pretty straightforward but when considering buying in Spain there can be many pitfalls and scams.
While it may be difficult it’s not impossible and as long as you prepare yourself then you can get a dream real estate in an area you love. The good news is that foreigners are allowed to buy property in Spain, there are no restrictions for commercial, residential or even if you’re buying land. Spain actively encourages people from abroad to invest in property. You do need a financial number (NIE) to go ahead with it which can be obtained by showing your ID at a police station. Although you can buy property online without ever going to Spain it can be problematic, photos may only show one side of the story. It is highly recommended that you make at least one journey over to Spain to look at the properties you’re interested in. (more…)