Can Colombian Citizens Buy Property in Spain?
✅ Yes — Colombians can legally purchase property in Spain without any restrictions.
You can buy:
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🏠 Apartments, homes, or villas
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🏢 Commercial buildings or offices
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🌴 Vacation homes on the coast
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🧱 Investment properties or rental units
📌 Owning property does NOT grant automatic residency. You’ll still need a visa to live in Spain full time.
📋 Step-by-Step: How Colombians Buy Property in Spain
| Step | Action |
|---|---|
| 1️⃣ | Get your NIE (Spanish foreigner ID number) |
| 2️⃣ | Appoint a trusted Spanish lawyer |
| 3️⃣ | Open a Spanish bank account |
| 4️⃣ | Sign a Contrato de Arras (deposit agreement) |
| 5️⃣ | Lawyer conducts due diligence |
| 6️⃣ | Sign the deed at a Spanish notary |
| 7️⃣ | Register the property in your name |
| 8️⃣ | Pay all taxes and fees |
✅ Borderless Lawyers can handle this process entirely remotely, including by power of attorney, if you’re in Colombia or abroad.
📑 Documents Required for Colombian Buyers
| Document | Notes |
|---|---|
| Valid Colombian passport | Must be current and undamaged |
| NIE (Número de Identificación de Extranjero) | Required to buy property in Spain |
| Proof of source of funds | Bank statements, income records, tax filings |
| Power of Attorney (optional) | Enables remote transactions |
| Translations (if needed) | Certified sworn translations of documents |
📌 We assist with NIE applications, fund verification, and all legal paperwork.
💶 Property Taxes & Fees Colombians Must Pay
| Item | Description | Approx. Cost |
|---|---|---|
| Transfer Tax (ITP) | Resale properties | 6%–10% (varies by region) |
| VAT + Stamp Duty | New properties | 10% + 1–1.5% |
| Notary Fees | Legal formalization of the sale | €600–€1,200 |
| Land Registry Fees | Official ownership registration | 0.2%–0.5% |
| Legal Fees | Spanish lawyer handling purchase | ~1% of property value |
| Annual IBI | Local property tax | Varies by location |
💡 We provide a full breakdown of your estimated costs before you sign anything.
🧠 Can I Buy Property from Colombia Without Traveling to Spain?
Yes — Colombians can purchase property remotely using a Power of Attorney.
Remote Buying Includes:
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NIE application
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Property search & due diligence
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Signing contracts & notarial deeds
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Registering the property
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Setting up utilities & tax IDs
✅ We represent many Colombian clients 100% online, using consulate-issued powers of attorney.
🌎 Where Colombians Buy Property in Spain
| Region | Why It’s Popular |
|---|---|
| Madrid | Jobs, education, capital city |
| Barcelona | International hub, lifestyle |
| Alicante & Valencia | Coastal cities with Latin American communities |
| Málaga & Marbella | Retirement and luxury living |
| Canary Islands | Year-round sun, affordable prices |
| Seville & Granada | Culture, investment potential |
📌 Whether you’re buying for investment, relocation, or retirement — we help you identify safe, legal opportunities.
🏠 Does Buying a Property Give Me Residency?
❌ Not anymore. Spain’s Golden Visa for property investment has been officially eliminated.
However:
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Owning property can strengthen non-lucrative visa or digital nomad visa applications (proof of accommodation or ties to Spain)
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It may simplify family reunification processes
✅ We’ll help you align your property purchase with your immigration goals.
❌ Common Mistakes to Avoid
| Mistake | Risk |
|---|---|
| Not using an independent lawyer | Could lead to legal issues or fraud |
| Skipping due diligence | May inherit debts or face planning violations |
| Signing documents without translation | Misunderstandings or invalid contracts |
| Assuming agents protect you | Agents represent sellers, not buyers |
| Buying for a visa | Real estate no longer grants residency |
✅ Borderless Lawyers defends your interests — not the seller’s.
👩⚖️ How Borderless Lawyers Helps Colombians Buy in Spain
✔️ Remote purchase with full legal coverage
✔️ NIE application and Spanish bank setup
✔️ Contract review, due diligence, and negotiation
✔️ Deed signing at notary or via POA
✔️ Property registration and utility setup
✔️ Support in Spanish and English
✔️ Immigration and visa integration if needed
We make buying property in Spain safe, clear, and accessible — even from Colombia.
📞 Call to Action
Thinking about buying a home or investment property in Spain?
Let Borderless Lawyers guide you through the process — legally, securely, and with bilingual support.