The purchase process

Buying a property on the Costa Blanca is an exciting decision, and we at LT Villa Consult are here to help you through the entire process. This page gives you an overview of the key steps in the buying process, so you know what to expect when investing in your dream home in Spain.

Step 1

Showcase

The first step in the buying process is to find a property that fits your needs and budget. Our experts will help you choose from a carefully selected range of new homes on the Costa Blanca, and organize viewings of potential properties.

Step 2

Reservation of the property

Once you have found the property you wish to buy, you need to place a reservation to ensure that it is taken off the market. This is done by paying a reservation deposit, typically between €3,000 and €6,000, depending on the value of the property. The reservation agreement will contain the terms of the purchase and a deadline for completing the sale.

Step 3

Obtain a NIE number

All foreign buyers need a NIE number (Número de Identificación de Extranjero) to purchase property in Spain. This is a Spanish tax identification number that is required for many formal transactions. Our collaborating law firm will help you apply for the NIE number quickly and easily, so you don't have to do it yourself.

Step 4

Due diligence and legal assistance

It is important to engage an independent, local lawyer who will perform due diligence on the property and ensure that everything is legally in order. Our collaborating law firm will check the property register, confirm ownership, investigate any debts or charges on the property, and ensure that all necessary licenses and permits are in place.

Step 5

Signing of the purchase contract and visit to the notary

Once due diligence is completed and everything is in order, your lawyer will prepare a purchase contract (Contrato de Compraventa) that outlines the terms of the purchase, the property's price, and the payment schedule. Both parties will sign the contract, and the buyer will typically pay a deposit of 10% of the purchase price (minus the reservation deposit). Then, you and the seller must meet with a notary public, who will review the purchase contract to ensure all parties understand the terms and that the contract complies with Spanish law

Step 6

Completion of the purchase and payment of the remaining amount

Once all necessary documents are signed and the notary public has authenticated the contract, the completion of the purchase will take place. At this point, you will pay the remainder of the purchase price to the seller, and the property will be formally transferred to you. Your lawyer will ensure that the property is registered in your name in the Spanish property register and that all necessary taxes and fees are paid.

Step 7

After the purchase – support and advice

Even after the purchase is completed, we at LT Villaconsult are still here to assist you. We can advise on property management, recommend local service providers, and help with any questions you might have about living and owning property on the Costa Blanca.

We want to make the buying process as simple and stress-free as possible for you. Our experience and local knowledge, combined with our collaboration with a reputable law firm and our dedication to customer service, mean that you can feel safe and taken care of throughout the process

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The purchase process

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