## Notes - Could take 3-12 months - Financing options (mortgage) - US mortgage services don't really provide mortgages for overseas properties - Generally needs 10% up front for a reservation contract - Spanish Citizen with ID and undefined employment contract can get a mortgage that covers 95% of the property value - Foreigners with NIE can get a mortgage that covers 80% of property value - Taxes and fees - Sales tax - Property tax - Notary fees - Land registry fees - Management fees - Appraisal fees (if mortgage is required) - Insurance - Maintenance/fixing - [[IVA]] (for new properties) - Additional 10% - Stamp duty between 0.4% - 1.5% (depending on region) - Transfer tax (ITP) (for secondhand properties) - Between 4-10% of sales value, depending on region ## References - [Buying Property in Spain as a Foreigner (2024) - Spain Advisers](https://spainadvisers.com/buying-a-property-in-spain-as-a-foreigner/)