
How to Buy Property in Barcelona, Spain – A Step-by-Step Guide from GG Real Estate Barcelona
Buying property in Spain is not only an exciting step toward a new lifestyle but also a legally complex process that requires a careful and professional approach. This is especially true in a vibrant and dynamic city like Barcelona, one of Europe’s most iconic urban destinations.
At GG Real Estate Barcelona, we guide our clients through every stage of the process — ensuring clarity, confidence, and comfort from start to finish.
1. Preparation: Market Research and Choosing the Right Agent
The first step is understanding the market. Barcelona offers a wide variety of properties — from luxury homes in Sarrià or Pedralbes to more affordable options in Sant Andreu, Badalona, or along the Costa Brava.
Choosing a trustworthy agent is an investment in the safety of your purchase. A qualified agent will:
- Guide you through every stage of the purchase;
- Know the market and legal nuances;
- Help you avoid risks;
- Recommend properties based on your goals (residence, rental, or investment).
At GG Real Estate Barcelona, we pride ourselves on speaking your language and offering full-service support — from the first call to handing over the keys.
2. Traveling to Barcelona: Organizing Property Viewings
When planning your visit:
- Prepare a shortlist of properties in advance;
- Limit your schedule to 5–6 viewings per day;
- Pay attention not only to the property itself but also to the neighborhood: infrastructure, transport, noise levels, proximity to schools and shops.
Pro Tip: View the property at different times of day — impressions can change between morning and evening.
3. Paperwork: What You Need Before the Purchase
Before buying property in Spain, you'll need to:
Obtain an N.I.E. (Número de Identidad de Extranjero)
This is a foreigner’s identification number required for all legal and financial transactions in Spain.
Open a Spanish Bank Account
Recommended banks: Sabadell, CaixaBank, Santander, Bankinter
You’ll typically need:
- Passport
- N.I.E.
- Proof of income
- Proof of address
Hire a Lawyer and Tax Advisor
Your lawyer will handle due diligence, verify the property’s legal status, prepare contracts, and oversee the transaction.
4. Legal Process: Key Contracts and Agreements
Buying real estate in Spain involves several legally binding steps. The main contracts include:
Reservation Agreement (Contrato de Reserva)
A preliminary agreement to show your interest and temporarily take the property off the market.
- Signed with the agency or seller;
- Deposit: usually €3,000–€10,000 or around 1% of the price;
- Valid for 7–14 days;
- Non-refundable unless specific conditions are met.
Purpose: Secures the property during legal checks and preparations.
Deposit Agreement (Contrato de Arras Penitenciales)
The most common and legally protective agreement.
- Signed after legal checks are completed;
- Buyer pays 10% of the purchase price;
- If the buyer backs out — deposit is forfeited;
- If the seller backs out — deposit is returned double.
Advantage: Protects both parties while allowing time for mortgage approval and formalities.
Private Purchase Contract (Contrato Privado de Compraventa)
Used to finalize terms before notary signing.
- Legally binding;
- Termination requires court involvement;
- Must be carefully reviewed by a lawyer.
Option to Purchase (Contrato de Opción de Compra)
Gives the buyer the right (but not the obligation) to buy the property.
- Requires a deposit (usually 10%);
- Buyer can withdraw;
- Seller cannot back out.
Ideal if the buyer needs more time — e.g., for mortgage approval.
5. Final Stage: Notarial Signing (Escritura Pública)
Escritura de Compraventa is the official notarial deed that finalizes the transfer of ownership.
Present at signing:
- Buyer and seller (or their legal representatives);
- Bank representative (if there’s a mortgage);
- Notary.
Payment:
Usually made via bank check (cheque bancario) from a Spanish bank. Bank transfers are possible with prior arrangement with the notary.
After signing, the deed is registered in the Property Registry (Registro de la Propiedad) — making you the legal owner.
6. Financial Considerations: Mortgages, Taxes, and Property Costs
Mortgages for non-residents:
- Up to 60% of the property's value;
- Term: up to 25 years;
- Interest: 2%–2.5%, fixed or variable;
- Required insurances: life and property.
Taxes and Fees:
- ITP (Transfer Tax): approx. 10%;
- Patrimonio (Wealth Tax): on assets above €700,000;
- IRNR: Non-resident income tax (even on unused properties);
- IBI: Annual municipal tax;
- Community Fees: Maintenance of shared areas in complexes.
7. After the Purchase: Registration and Setup
Don’t forget to:
- Register the property in the Land Registry;
- Transfer utility contracts (water, electricity, gas, internet);
- Pay applicable taxes and fees;
- Update your bank and property management details.
Final Thoughts: Trust the Professionals
Buying property in Barcelona is more than a transaction — it’s the beginning of a new chapter in your life.
Choose a partner who will be by your side from the first step to key handover.
GG Real Estate Barcelona
- We speak your language
- We provide legal and tax expertise
- We know the Barcelona market inside and out
We don’t just sell homes — we open the door to your new life in Spain.
👉 Contact us to learn more about how to safely and profitably buy property in Barcelona for living or investment.