A mortgage loan? Cash?

The way you buy a property in Spain depends on your available capital and mortgage capacity. You can either purchase with a bank loan or with cash. Even if you have the funds to buy outright, financing is often recommended to keep liquidity and possibly access a higher-value property.

For residents, banks usually finance up to 80% of the lower amount between the purchase price and the appraised value. Buyers must contribute the remaining 20% plus 10–15% for purchase costs such as taxes, notary, and registration.

For non-residents, banks generally finance between 60% and 70% of the property value. This means you should have 30–40% in savings, plus 10–15% for transaction expenses. Mortgage terms for non-residents are shorter, usually 20–25 years, and interest rates can be slightly higher.

In all cases, a NIE (Foreign Identification Number) and full financial documentation are required.

Marianne Klauber

Marianne Klauber is a HouseHunter on the Costa Blanca, in Altea. During her years in the industry, Marianne has developed commercial strategies to promote the purchase and sale of properties. If you want to sell your house, she will help you promote it with advanced real estate marketing tools and techniques. And if you want to buy, Marianne Klauber will not rest until she finds the house of your dreams that fits your budget.