Real estate and property transactions in Spain

Many buyers believe that once an offer is accepted or a deposit contract is signed, the property purchase can be completed immediately. However, when a mortgage is involved, the process requires several mandatory steps with the bank and the notary before the sale can legally complete.

Understanding these timelines is essential to avoid delays, disputes between buyer and seller, failed completion dates, or even legal problems arising from unrealistic contractual deadlines.

Property Transfer Tax (ITP) in Spain Explained: Reduced Rates, Costs and What You Really Pay

One of the most common questions from foreign buyers in Spain is:

• Can I buy a property in Spain without paying taxes?
• Is there any way to avoid property transfer tax in Andalusia?
• Are there reduced tax rates for buyers?

IBI, IRNR, IRPF and ongoing expenses for residents and non-residents

January 2026

Buying a property in Spain is not the end of your financial obligations.

Many property owners — especially non-residents — are unaware that owning a property in Spain involves ongoing taxes and annual costs.

Many foreign buyers assume that a property in Spain must be completely free of debts or charges before it can be sold. This is not correct.

IRNR Spain explained: why Form 210 is mandatory even if you don’t rent your property

Many non-resident property owners in Spain believe they are fully compliant with Spanish taxes because their bank automatically charges the IBI each year.

The demand for tourist properties in Spain has increased significantly in recent years. More buyers are looking for second homes that can be used as holiday rentals, and developers are increasingly building properties specifically designed for this purpose.