Property buying guide on the Costa del Sol

From the first visit to the signing at the notary's office – and beyond

Buying property in Spain is an exciting and crucial decision. Whether you're looking for a second home, a primary residence, or a rental investment, the Costa del Sol offers a wide range of attractive opportunities. In this article, we explain the buying process in detail, the timeframes to expect, the legal aspects to be aware of, and everything you need to anticipate to ensure a smooth and stress-free purchase.

1. Define your real estate project

Before even starting the viewings, it's important to clarify your needs and objectives. What is the purpose of your purchase?

• A second home to enjoy the holidays
• A main residence for a fresh start in the sun
• A rental investment with a good return

We help you define your priorities so we can present you with properties perfectly suited to your project. Thanks to our access to the entire market, including off-market opportunities, we can offer you both resale properties and new developments.

2. New or resale: which to choose?

Buying off-plan:
Purchasing a new property generally involves buying off-plan, meaning the property is still under construction or yet to be built. Payment is staggered according to the progress of the work. This type of property offers modern design, high energy efficiency standards, and builder's warranties. The period between reservation and signing the private contract is 4 to 12 weeks. Delivery can take place between 6 and 30 months later.

Buying a resale property
involves purchasing an existing property from a private individual. This type of purchase is often faster, with the possibility of moving in shortly after signing the deed at the notary's office.

3. Expected timeframes

Here is an overview of the timeframes depending on the type of property:

4. Legal support

Hiring an independent lawyer specializing in Spanish real estate law is essential. We work with trusted firms and can recommend reliable professionals. The lawyer will handle, among other things:

• Check the legal status of the property (land registry, debts, permits)
• Prepare and monitor contracts
• Apply for your NIE (tax identification number)
• We can help you open a Spanish bank account
• Guiding you through the KYC process
• Representing you by proxy if needed
• Manage payments, taxes and property registration
• Set up the water and electricity contracts after the keys are handed over

5. The KYC process: Know Your Customer

To comply with Spanish anti-money laundering regulations, you will need to provide certain documents before reserving a new property or signing a private contract for a resale property. These documents include:

• A copy of the passport
• Proof of address
• Your tax identification number from your country of origin
• Proof of the origin of the funds (bank statements, etc.)

The KYC check is carried out by the developer or the agency, as applicable. Your lawyer will assist you to ensure that all obligations are met.

6. Additional costs to anticipate

In addition to the net price of the property, it is important to budget for the following costs:

• For a new property: 10% VAT, plus approximately 3% additional fees
• For a property being resold: 7% transfer tax (ITP), plus approximately 3% additional fees

The additional costs cover lawyer's fees, notary fees, registration fees, stamp duties, etc. Please note that our services are completely free for the buyer: no commission will be charged.

7. The signing at the notary's office

The purchase becomes official upon signing the deed of sale before a notary. At this stage:

• The final payment is made
• The deed of sale is signed
• The property is officially registered in your name
• You receive the keys, or your lawyer receives them on your behalf

If you cannot be present, your lawyer can represent you through a power of attorney.

8. After the sale

Our support continues well after the signing. We would be happy to put you in touch with:

• Trusted insurance brokers
• Service providers for decorating, furnishing, or managing your property
• Our top recommendations for exploring the region: restaurants, activities, excursions and events

Ready to get started?

We, Doris and Sophie, co-owners of Propriété de Rêve, will guide you through every step of your real estate project on the Costa del Sol. From identifying the right area to the final signing at the notary's office – and even beyond – we offer personalized, transparent, and professional support at each stage.