A Buyers Guide to the Costa Blanca
Buyers Guide to the Costa Blanca
The Costa Blanca – with its golden beaches, charming whitewashed towns, and year-round Mediterranean sunshine – continues to be one of the most popular regions in Spain for international property buyers.
Whether you’re looking for a holiday apartment, a retirement villa, or a permanent move to the Spanish coast, buying property here can be a dream come true.
But before you start choosing tiles and terrace furniture, it’s essential to understand the property buying process in Spain – especially as a foreign buyer.
This buyers guide to the Costa Blanca will cover everything you need to know about buying property in one of Spain’s most sought after destinations.
The Buying Process - Step By Step
Buying a home in Spain is relatively straightforward, but different from what you might be used to in the UK or other countries. Here’s a breakdown of how the process typically works:
Find your Preferred Property
Before you start viewing, be clear on your budget, lifestyle needs, and preferred locations. Use the help of our experts at The AgencyRE Costa Blanca to put together some suitable options.
Get a Good Lawyer
Much like you would in your home country, getting a lawyer is absolutely essential. Try to find a lawyer who can also speak in your language as this will help you to understand the legalities and processes. Your lawyer will:
- Carry out legal checks on the property
- Represent you if you aren’t or can’t be in Spain
- Make sure there are no debts or encumbrances
- Guide you through the contract details and ensure all paperwork is in order
- Help you with final deeds and signing at the notary
Get an NIE Number
This is your Número de Identificación de Extranjero – a foreigner’s tax number. You need this to purchase property, open a bank account, and connect utilities. Your lawyer or agent can help arrange this.
Open a Spanish Bank Account
You’ll need a local bank account to handle utility bills, mortgage payments (if applicable), and property taxes.
Make an Offer and Sign a Reservation Contract
Once you’ve found the right property, you’ll typically sign a reservation contract and pay a holding deposit. This takes the property off the market while your lawyer does the legal checks.
Sign the Private Purchase Contract
This is signed once your lawyer confirms everything is in order. At this point, you’ll usually pay 10% of the purchase price (minus the reservation deposit already paid).
Completion at the Notary
A few weeks later, the final deed (called the escritura de compraventa) is signed in front of a Spanish notary. You’ll pay the balance, receive the keys, and officially become the new owner.
Costs & Fees Involved
In addition to the purchase price, you should budget around 10–14% extra to cover all associated costs. Here’s a breakdown:
Property Transfer Tax – 10% of the purchase price
VAT (New Builds) – 10% + 1.5% stamp duty
Notary Fees – €500 to €1200 (varies on the property)
Land Registry Fees – 1% to 1.5% of the house price
Bank & Mortgage – allow €1,000 to €3,000
Survey (optional) – €300 to €600
Always ask your lawyer or your agent to provide a clear estimate of total purchase costs before committing.
On-Going Costs of Owning in Spain
Once you own the property, you’ll have some ongoing costs to factor in:
IBI (Impuesto sobre Bienes Inmuebles): Annual property tax – varies by location.
Basura: Rubbish collection tax – usually €100–€200/year.
Community Fees: If the property is part of a complex or urbanisation, expect €30–€200/month depending on facilities.
Utilities: Electricity, water, gas, and internet – similar or slightly lower than UK rates.
Non-resident Income Tax: If you’re not a tax resident in Spain, you’ll pay a small annual tax based on the property’s value, even if not rented.
Our Tips for a Smooth Purchase
Don’t cut corners. Saving a few euros by skipping legal advice or surveys could cost you much more later.
Visit in person if possible before buying – it’s easy to fall for photos, but nothing beats being there.
Work with a reputable agent who know the local market.
Be realistic about rental returns if you’re buying as an investment – speak to local managers.
Plan for the long term – the Costa Blanca is ideal for year-round living, not just summer.