A mortgage loan? Cash?
Rafael Sanchis
Rafael Sanchis
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.
Reliable and well known real estate investor in the area, who puts their clients first while guiding them through every step of the process.
To offer our clients personal and legal advice and assistance, while offering the best houses in the town of Villanueva del Rosario (where the Real Estate Agency is located) as well as towns in the province of Malaga and the province of Granada as our Real Estate Agency is included in a large network of Exp Realty agents distributed throughout the Spanish territory.
Exp Inmobiliaria Tian has a wide range of properties, villas, flats, townhouses, penthouses, luxury properties and plots. Our Real Estate Agency belongs to the Association of Real Estate Experts and we manage the sale of all the properties in open exclusivity, in this way we collaborate in its sale management with 88.000 thousand real estate agents all over the world belonging to EXP Realty, as well as, the collaboration with more than 500 external real estate agencies composed of 3.000 Real Estate Agents.
Exp Inmobiliaria Tian puts at your disposal a professional cabinet of consultants specialised in different fields to offer you an integral coverage on other aspects that you may need: - Insurance for companies and individuals, - Integral legal advice for companies and individuals, - Processing of inheritances and wills.
A professional real estate agent: its importance
A real estate agent is a consultant specializing in the purchase and sale of residential and commercial real estate. The guidance of a Real Estate Advisor is the key when acquiring property because he knows the sector’s financial, tax, and legal environment.
New, used, or pre-construction properties?
Among the possibility of buying properties, there are mainly the following.
How do you know where to buy?
As a Real Estate Advisor, I will assist you in every step you need during the area selection. A first point to take into account, it is essential to know what you want the property for: to live, to rent it, or as an investment?
