Why Foreigners Are Buying Property in Valencia

Valencia is one of Spain’s most attractive cities for international property buyers. With its Mediterranean lifestyle, affordable prices, and growing expat scene, it’s a prime choice for retirees, investors, and digital nomads.

But buying Spanish property — especially as a non-resident — comes with legal complexities.

At Borderless Lawyers, we help foreign clients buy Valencia property safely, legally, and remotely if needed.


🧾 Can Foreigners Buy Property in Valencia?

✅ Yes — there are no restrictions on foreigners buying real estate in Spain.

You can buy:

  • Apartments or villas

  • Rural land or city flats

  • Commercial or investment properties

💡 Non-EU buyers can even qualify for visas through property ownership (though the Golden Visa has been discontinued).


📋 Step-by-Step Guide to Buying Property in Valencia

1. Get a Spanish NIE Number

You’ll need a Número de Identificación de Extranjero (NIE) to:

  • Sign contracts

  • Pay taxes

  • Register the property

📌 We apply for your NIE on your behalf with Power of Attorney.


2. Open a Spanish Bank Account

Needed to pay the deposit, taxes, and final balance. Some banks offer non-resident accounts.


3. Hire an Independent Property Lawyer

Never rely on the seller’s lawyer or estate agent. A lawyer should:

  • Review contracts

  • Check for debts or legal issues

  • Handle paperwork at the notary

  • Register the property in your name

📌 We offer bilingual legal representation throughout the process.


4. Sign the Arras Contract (Deposit Agreement)

A private contract where you pay a 10% deposit and agree on final sale conditions.

📌 Important clauses include refund conditions, deadlines, and due diligence period.


5. Conduct Full Legal Due Diligence

Before finalizing the deal, we:

  • Verify ownership

  • Check debts and mortgages

  • Confirm licenses and habitability

  • Investigate community fees and urban planning

📌 We deliver a full due diligence report in English before you sign.


6. Sign the Public Deed at the Notary

Once all checks are complete, we:

  • Attend the notarial signing (escritura pública)

  • Handle payments and title transfer

  • Translate all documents for your understanding


7. Register the Property and Pay Taxes

We register your deed with the Valencia Land Registry and pay:

  • Transfer Tax (ITP) or VAT

  • Notary and registry fees

  • Plusvalía Municipal (if applicable)


💶 Taxes and Fees When Buying in Valencia

  • Transfer Tax (ITP): 10% on resale properties

  • VAT + Stamp Duty (new builds): 10% + 1.5%

  • Notary and Registry Fees: ~1–2%

  • Legal Fees: ~0.75–1.5% (we offer fixed-fee packages)


✈️ Can I Buy Property in Valencia Remotely?

✅ Yes — with a Power of Attorney, we handle:

  • NIE application

  • Contract signing

  • Notary attendance

  • Registration and tax payment

📌 Ideal for non-residents, expats, or investors buying from abroad.


🧑‍⚖️ Why Work With Borderless Lawyers?

✔️ Valencia-based property lawyers
✔️ English-speaking legal team
✔️ Full due diligence and contract review
✔️ Fixed-fee pricing with no surprises
✔️ Remote purchase support available


📞 Ready to Buy a Property in Valencia?

Avoid costly mistakes. Let our experienced lawyers handle the legal side — while you focus on choosing the perfect place.

error: Content is protected !!