Please see below a list of your faqs to Acorn Property Solutions sales department. If we have not answered your question, please use the comments box below and we will add it here for other visitors.
What is a NIE and how do I obtain one?
The NIE Number is a tax identification number in Spain, known in Spanish as the “Número de Identificación de Extranjeros”.
The NIE Number is issued by the National Police of Spain and in accordance to Spanish law is required for the purchase or sale of any real estate, vehicle, or boat within Spain. There are many other transactions that require the parties involved to possess an NIE Number. The NIE Number itself is issued on a standard A4 page, with the recipients full name (as written on the passport used during the application process), their place of birth, their nationality, and the number itself, along with a stamp and signature provided by the National Police. The document is often used as a form of identification, and in many cases the original document is required (a copy is not sufficient). Once issued an NIE number, it will never change, irrelevant of marital status, name changes or residence status. The NIE Number is a national number, and therefore the location of application is irrelevant as the number can be used throughout the whole of Spain.
Here at ACORN PROPERTY SOLUTIONS , we can offer advice and guidance on this and many other matters.
Do I need to open a bank account here in Spain?
Yes, as when signing on completion for your chosen property at the Notary’s office, the purchase has to take place with a Spanish banker’s cheque.
Opening a bank account in Spain is a relatively straightforward process for non-residents, providing you are able to produce the required documentation. You will need to provide a copy of your passport, along with a letter of reference from your home bank, and ideally some recent bank statements.
We are happy to provide introductions to local bank managers.
Do I need a Lawyer?
Here at Acorn Property Solutions we recommend that you use the services of a lawyer for the purchase of your property. He or she will be able to fully explain the contract of sale to you and answer any questions you may have.
What extra expenses should I bear in mind when buying property in Spain?
The extra expenses involved in buying a house in Spain currently to add up to around 12% to 13% of the purchase price of the property itself. Expenses include: Taxes at 10% (re-sale, new property), Legal fees (lawyer and notary), Property register fee, Other fees (translation of documents, presence of translators during negotiation and contract-signing…)