Buyer journey

Buying, step by step — no surprises at the notary

Plan on roughly 8–10% on top of the purchase price in taxes and costs, and 2–4 months from offer to keys. Here is the whole path.

Every foreign buyer needs an NIE (foreigner identification number) to buy property. Apply at a police station in Spain, a Spanish consulate abroad, or let a gestoría handle it by power of attorney. A Spanish bank account makes completion payments and utility direct debits far simpler.

Total cost calculator

Purchase price: €300,000New build (IGIC 7% + AJD instead of ITP 6.5%)Buying with a mortgage

Transfer tax (ITP) 6.5%€19,500

Notary (regulated tariff)€870

Land Registry€610

Independent lawyer (recommended)€1,300

Bank valuation for mortgage€450

Total on top of the price (7.6%)€22,730

All-in budget€322,730

Estimates using standard Canary Islands rates; reduced ITP rates can apply (e.g. primary residence under thresholds, large families, under-35 buyers). Confirm your case with a lawyer or gestoría.

All binding contracts and the final escritura are executed in Spanish. A sworn translator can attend signing if you are not confident in Spanish — book one in the Professionals directory.