What should I know before buying a house in Barcelona as a non-resident?
Do you want to buy a house in Barcelona as a non-resident but don't know where to start? If you are a foreigner and you are worried about the procedures and requirements needed to buy a property in Spain, don't worry any more. Everything you need to know about buying a house in Barcelona as a non-resident
In this guide we will give you information on the necessary documents, steps to follow and tips to help you buy your home in Barcelona successfully. From getting your NIE to planning your budget and finding the perfect location, we’ll guide you through every step of the process so you can buy your home in the beautiful city of Barcelona.
Why buy a house in Spain as a non-resident?
Spain is a popular destination for foreign property buyers due to its warm climate, rich culture and wide range of properties. In fact, the Spanish government is still active in its efforts to encourage foreign property purchases through a number of measures and programmes.
One of the main measures is the elimination of the need to obtain a non-residence certificate for foreigners buying property in Spain. Previously, foreigners were required to obtain this certificate before buying a property, but this is no longer necessary.
In addition, the Spanish government has also improved legal certainty in real estate transactions by creating a public land registry and a system of public deeds. This ensures that all real estate transactions are carried out in a legal and transparent manner.
Therefore, we can say that Spain has adopted measures to facilitate the purchase of real estate by foreigners by eliminating taxes and improving legal certainty. These measures therefore make our country an attractive place to buy a property, either as a second home or as an investment.
Requirements for buying a flat in Spain as a foreigner
Buying a house in Barcelona as a non-resident can be a big challenge, as there are certain requirements and formalities that need to be fulfilled. However, with the right advice and recommendations, the process can be easier and less stressful.
Here are some of the most important requirements to bear in mind when buying a house in Barcelona as a non-resident:
1. Having a NIE
It is essential to have a NIE (Número de Identificación de Extranjero) to buy a property in Spain, as it is used to identify the buyer and to carry out any formalities related to the property.
In the following link of the Barcelona City Council you will find all the necessary information about the NIE. How to apply for it, how long it is valid and how much it costs to apply for it.
On the other hand, we inform you that if you are a citizen of the United Kingdom you will have to apply for a TIE (Foreigner’s Identity Card), which is the equivalent of the NIE after Brexit.
2. Having a Spanish bank account
Having a bank account in Spain is not compulsory, but it is necessary to be able to make transfers and payments related to the purchase of the house. This will make it easier (and much easier) to buy your new home, saving bank commissions and possible currency exchange costs.
Bear in mind that, through this bank account, you will also be able to easily pay local property taxes, utility bills, etc.
3. Legal and tax advice
It is advisable to hire a lawyer or tax advisor to assist in the purchase process and ensure that you comply with all necessary tax regulations and obligations.
This personality will save you time and trouble, as well as providing you with first-hand information and avoiding language difficulties.
4. Plan your budget
It is important to take into account the costs associated with buying a home, such as transfer tax, estate agency fees, and legal costs. Plan and you will win!
5. Find a good location
Barcelona is a city with many options for buying, so it is important to look for a good location depending on your needs. For example, if you are coming to live in the city it is vital to find a central neighbourhood, close to public transport, schools and other services. Whereas, if you are only going to live in your new property during the summer months, it may be better to find a quieter location away from the big city. In short, buying a home in Barcelona as a non-resident requires a little planning and preparation, but with the right advice and the help of professionals, the process can be carried out successfully.
Advantages of hiring a design and interior design studio for the purchase of a home abroad
Buying a property abroad can be an odyssey, but having the advice of a design and interior design studio can make the process easier and avoid problems.
The team at a design and interior design studio specialise in helping clients find their dream home and transform it into the perfect home. As such, they can help foreign buyers at various stages of the buying process.
During the search, these experts can help find properties that suit the client’s needs and desires. However, they can also advise on the legal and fiscal aspects related to the purchase. Once the property has been purchased, a design and interior design studio can help clients plan and design the interior of the home, taking into account their lifestyle, needs and budget. They can provide a wide range of services, from kitchen and bathroom design to furniture selection and decoration.
In addition, by having a design and interior design studio, foreign buyers can be assured that they are working with professionals who are experienced in the local property market and who are familiar with Spanish rules and regulations.
In conclusion, having the advice of a design and interior design studio is essential when buying a house in Barcelona as a non-resident. They can advise on all stages of the process, from property search to planning and interior design, and can provide a wide range of services to make the process easier and less stressful.